Automotive Sensor Market: Emerging Opportunities, Trends and Forecast Analysis (2023-2029)

Bharatikhade19 Oct, 2023Business

Automotive Sensor market size was valued at US$ 12.4971 Bn. in 2022 and is expected to grow at a CAGR of 8.2% during the forecast period (2023-2029). Thanks to the growing trend of passenger vehicles has boosted demand for Global Automotive Sensor Market. Automotive Sensor Market Overview: Sensors are used to detect a change in physical phenomenons like pressure, temperature, and speed. The advancement of technology in the automotive industry has created a huge demand for sensors. Automotive sensors help to control and monitor the exact condition of the vehicles like the pressure of oil, temperature, emission level, coolant level, and fuel consumption, etc. types of sensors used in vehicles are mass airflow sensor, engine speed sensor, voltage sensor, spark knock sensor and fuel temperature sensor, etc.

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