South Korea Sensor Module for Automotive Market was valued at USD 1.20 Billion in 2022 and is projected to reach USD 2.00 Billion by 2030, growing at a CAGR of 7.40% from 2024 to 2030.
In the rapidly evolving landscape of the South Korean automotive industry, sensor modules have emerged as pivotal components, driving advancements in vehicle safety, performance, and connectivity. As of 2025, the South Korea Sensors Market is projected to reach USD 4.05 billion, with expectations to grow at a compound annual growth rate (CAGR) of 7.36%, culminating in a market size of USD 5.77 billion by 2030.
Key applications of sensor modules in South Korean vehicles include:
Adaptive Cruise Control (ACC): Utilizing radar sensors to automatically adjust vehicle speed, maintaining safe distances from other vehicles.
Advanced Driver Assistance Systems (ADAS): Employing a combination of cameras and sensors to enhance driving safety and convenience.
Tire Pressure Monitoring Systems (TPMS): Monitoring tire pressure to ensure optimal performance and safety.
The surge in demand for these sensor modules is largely attributed to the increasing adoption of electric vehicles (EVs) in South Korea. In recent years, the nation produced over 400,000 electric vehicles, with exports reaching 267,000 units, indicating a significant shift towards electric mobility.
Industry requirements for sensor modules have become more stringent, focusing on:
Accuracy and Reliability: Essential for the effective functioning of safety-critical systems.
Durability: Sensors must withstand diverse environmental conditions and extended usage.
Compliance with Regulations: Adhering to mandatory certification regulations set by South Korean authorities, including safety, environmental, and energy efficiency standards.
Collaborations between domestic startups and international tech companies are further propelling the market. For instance, South Korean startup bitsensing partnered with Dutch chipmaker NXP to develop advanced radar systems for vehicles, combining NXP's radar chips with bitsensing's hardware and software solutions.
As the South Korean automotive industry continues its trajectory towards electrification and autonomy, the demand for sophisticated sensor modules is set to rise, underscoring their critical role in the future of mobility.
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Bosch
Continental
Delphi
Denso
Infineon Technologies
NXP Semiconductors
First Sensor
Heraeus Sensor Technology
National Instruments
Shinyei Technology
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Sensor Module for Automotive Market
Temperature Sensors
Pressure Sensors
Speed Sensors
Position Sensors
Gas Sensors
Engine Control
ADAS (Advanced Driver Assistance Systems)
Battery Management Systems
Emission Control
Chassis Control
Passenger Cars
Light Commercial Vehicles (LCVs)
Heavy Commercial Vehicles (HCVs)
Electric Vehicles (EVs)
Hybrid Electric Vehicles (HEVs)
Optical Sensors
Ultrasonic Sensors
Radar Sensors
LiDAR Sensors
Capacitive Sensors
OEMs (Original Equipment Manufacturers)
Aftermarket
Tier 1 Suppliers
Automotive Component Manufacturers
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Sensor Module for Automotive Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Sensor Module for Automotive Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Sensor Module for Automotive Market, By Type
6. South Korea Sensor Module for Automotive Market, By Application
7. South Korea Sensor Module for Automotive Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Sensor Module for Automotive Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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