Automotive Sensors Market Industry Overview, Growth Rate and Forecast 2023-2028

1. Global Automotive Sensors Market Research and Forecast Report 2023-2028 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Automotive Sensors Market Research Report: The latest report by IMARC, titled “Automotive Sensors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” the global automotive sensors market size reached US$ 23.6 Billion in 2022. Automotive sensors are electronic devices that monitor, detect, and respond to various aspects of a vehicle's performance and environment, including emissions, fuel efficiency, and safety systems such as anti-lock brakes (ABS) and airbags. Some of the most common types of automotive sensors include temperature, proximity, pressure, speed, position, and oxygen sensors. These sensors are essential components in modern automotive systems as they provide real-time data to the vehicle's electronic control unit (ECU) and allow it to make necessary adjustments to ensure optimal functioning, safety, and efficiency. Apart from this, automotive sensors have enabled the development of autonomous driving technology and advanced driver assistance systems (ADAS), which rely extensively on sensor data for safe and efficient operations. Request Free Sample Report: https://www.imarcgroup.com/automotive-sensors- market/requestsample

4. Report Description and Highlights Report Description Global Automotive Sensors Market Trends : The expanding employment of automotive sensors to provide information on various parameters, ensuring safety, security, and comfort, is primarily driving the market growth. For instance, automotive sensors are extensively used to monitor wheel speed, occupant position, tire inflation, anti-lock braking system (ABS), engine temperature, exhaust gas and fuel pressure, blind spots, and vehicles in an adjacent lane, which is contributing to the market growth. Moreover, the bolstering expansion of the automotive industry, the rising number of vehicles equipped with automotive sensors, and the increased demand for convenience and fuel efficiency among consumers are impelling the market growth. In addition to this, widespread product utilization in self-driving cars due to surging requirements for smart data processing devices to enable autonomous decision-making is creating a positive outlook for the market. Furthermore, innovative technological advancements, such as the advent of advanced driver assistance systems (ADAS), consisting of lane departure warnings, adaptive cruise control, and automated parking features, are presenting remunerative growth opportunities for the market. Concurrent with this, escalating demand for connected vehicles with vehicle-to-vehicle communication, vehicle-to-infrastructure communication, and navigation elements are aiding in market expansion. Looking forward, the market value is projected to reach US$ 46.4 Billion by 2028, expanding at a CAGR of 12.10% during 2023-2028. Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

5. Report Description and Highlights Report Description Market Summary: Type Insights: • Level/Position Sensors • Temperature Sensors • Pressure Sensors • Speed Sensors • Gas Sensors • Magnetic Sensors • Others Vehicle Type Insights: • Passenger Cars • Commercial Vehicles Application Insights: • Powertrain • Chassis • Vehicle Body Electronics

6. Report Description and Highlights Report Description • Safety and Security • Telematics • Others Sales Channel Insights: • Original Equipment Manufacturer (OEM) • Aftermarket Regional Insights: • North America • United States • Canada • Asia Pacific • China • Japan • India • South Korea • Australia • Indonesia • Others

7. Report Description and Highlights Report Description • Europe • Germany • France • United Kingdom • Italy • Spain • Russia • Others • Latin America • Brazil • Mexico • Others • Middle East and Africa Note: We are updating our reports, If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report.

8. Report Description and Highlights Report Description Competitive Landscape with Key Players: • • • • • • • • • • • • Analog Devices Inc. BorgWarner Inc. Continental AG CTS Corporation DENSO Corporation Hitachi Ltd. Infineon Technologies AG Littelfuse Inc. NXP Semiconductors N.V. Robert Bosch GmbH Sensata Technologies Inc. TE Connectivity View Full Report with TOC & List of Figure: https://www.imarcgroup.com/automotive-sensors-market

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11. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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