Automotive Sensors Market

The automotive sensors market consists of components that collect and transmit data to evaluate vehicle performance, safety, and efficiency. Key customers are automotive manufacturers who integrate these sensors for functions ranging from engine management to advanced driver-assistance systems (ADAS). The market's primary growth drivers are the rising adoption of electric and autonomous vehicles, the increasing integration of ADAS features like collision avoidance, and stricter government regulations regarding vehicle safety and emissions.

CAGR

12.4%

Compound Annual Growth Rate

Current Value

$58.7B

Estimated 2026

Projected Value

$149.5B

By 2034

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