Automotive Sensors Market was worth USD 28.4 billion in 2021, and expected to reach USD 67 billion

Gmi Research22 Mar, 2023Business

Automotive Sensors Market size was estimated at USD 28.4 billion in 2021, and projected to reach USD 67 billion in 2029, expanding at a CAGR of 11.3% over the forecast period 2022-2029 attributed to growing adoption of advanced driver assistance systems (ADAS). Major factors driving automotive sensors market are emerging need to reduce vehicular emissions, growing adoption of autonomous vehicles, surge in the demand for high quality security and tracking systems in vehicles and increasing popularity of connected cars.