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Showing posts with the label global automotive sensors market insight

Automotive Sensors Market Analysis 2016-2024

Automotive Sensors Market According to Goldstein Research, automotive sensors market size is projected to reach USD 43.7 billion by 2024 from an estimate of USD 24.7 billion in 2016, growing at a compounded annual growth rate of 7.8% during the forecast period 2016-2024. The prospective high growth of autonomous vehicles market in near future and rising sales of electric vehicles in the present scenario is driving the demand for automotive sensors by the automotive manufacturers to ensure passenger & vehicle safety. Global automotive sensors market segmentation has been carried out on the basis of sensors type, applications, vehicle type and geography. By 2030, the total sales of automated vehicles are estimated to reach 12 million units. Global automotive sensors market is largely driven by the Asia Pacific and closely followed by the Europe market share. APAC accounts for high automobile sales, fuel emission regulations, safety laws and emerging market of connected vehi...