The Automotive Sensors Market is projected to reach USD 21.41 billion by 2033, growing from USD 54.74 billion in 2023 at a compound annual growth rate (CAGR) of 9.21% over the forecast period. Automotive sensors are crucial devices that detect changes in the vehicle's internal and external environments and provide corresponding outputs. These sensors are employed to monitor various parameters such as position, exhaust temperature, angular rate, pressure, torque, fuel composition, long-range and short-range distances, ambient gas concentrations, and engine oil quality. They play a vital role in enhancing vehicle performance, safety, and efficiency by providing critical data for analysis and decision-making.
The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.
Segments covered
By Type (Temperature, Pressure, Position, Speed, Motion, O2 Sensors, Gas, Image, and Others)
By Application (Powertrain, Chassis, Body Electronics, Safety & Security, Telematics, and Others)
By Vehicle Type (Passenger Cars, and Commercial Vehicles)
Key players
DENSO Corporation
Delphi Automotive Company
INFINEON TECHNOLOGIES
Robert Bosch
ZF Friedrichshafen AG
Continental AG
NXP Semiconductor
Valeo
STMicroelectronics N.V
AUTOLIV INC.
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