Automotive Sensors Market Scope, Growth, Size and Share by 2031
Automotive Sensors Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 29.83 Billion |
Market Size by 2031 | US$ 46.80 Billion |
Global CAGR (2023 - 2031) | 5.8% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Automotive Sensors Market News and Recent Developments
The automotive sensors market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for Automotive Sensors market and strategies:
- In December 2023, Panasonic Corporation launched an inertial 6-in-1 sensor to elevate automotive performance and safety. Panasonic Corporation’s Life Solutions business launched this 6-in-1, Degrees of Freedom Inertial Sensors. This sensor measures the vehicle’s acceleration and angular rates and provides critical information to enhance the vehicle’s safety and stability. These sensors follow ISO26262 Functional Safety norms, including the Automotive Safety Integrity Level and dependability for critical applications. (Source: Flyability, Press Release/Company Website/Newsletter)
Automotive Sensors Market Report Coverage and Deliverables
The “Automotive Sensors Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles with SWOT analysis