Global Market Size of Automotive Sensors Market – 10 Year Market Forecast

Semiconductor

Automotive Sensor Market Size Forecast 2022-2029

The global Automotive Sensors market was worth USD 24.92 billion in 2022 and is expected to grow at a CAGR of 15% to USD 65.45 billion by 2029. Consumer preference for alternative fuel vehicles to reduce greenhouse gas emissions and rising consumer demand for vehicle safety is driving global demand for automotive sensors. One of the primary factors driving demand for automotive sensors is autonomous driving. The majority of automotive sensors are growing in lockstep with the overall automotive market. Sensors for cars, trucks, buses, and off-road vehicles are all included in the category of automobile sensors. They provide precise pressure, speed, and temperature readings.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• Global market database studies the ongoing trends within the market and updates the market information on a quarterly basis.
• What is Automotive Sensors?

• They are intelligent sensors that can be used to control and process the pressure of oil, temperature, level of emission, coolant levels.
• How many types of car Sensors are there?

• There are15 to 30 types of car Sensors.
• What are active Sensors?

• It is a sensing device that requires an external source of power to operate.
• What is the cumulative market size of Automotive Sensors market?

• USD 376 Billion is the cumulative market size of his market.

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