- Automotive sensors are the sensors that are scan the surrounding environment and then detect, measure, and transmit the information as an electric or optical signal to the concerned component. The automotive sensors are capacble of sensing heat, light, motion, moisture, and pressure.
- Surging number of collaborations among vehicle original equipment manufacturers and sensor manufacturers, rise in the advancements in production technology and increasing application of automotive sensors for a wide range of applications such as powertrain, chassis, exhaust, safety and control, body electronics, telematics, and others are the major factors attributable to the growth of automotive sensors market.
- North America dominates the automotive sensors market and will continue to flourish its trend of dominance during the forecast period owing to the rising focus towards the adoption of advanced technologies.
- Asia-Pacific will however, score the highest CAGR for this period. This is because of the rising demand and production of vehicles especially in the emerging economies like India and China.
- Temperature Sensors segment is expected to dominate the market with a market share of 54.37% due to their critical role in engine, battery, and HVAC system monitoring for performance and safety.
