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News  ›  GlobeNewswire Inc.

Automotive Sensors Market size worth USD 53.62 Billion, Globally, by 2032 at 7.01% CAGR: Verified Market Research®

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Verified Market Research®
Automotive Sensors Market size worth USD 53.62 Billion, Globally, by 2032 at 7.01% CAGR: Verified Market Research®

The global automotive sensors market is expected to grow from USD 32.76 billion in 2024 to USD 53.62 billion by 2032, driven by advancements in autonomous driving technology and ADAS systems. Key growth factors include the rise of electric and hybrid vehicles, with Asia Pacific emerging as a major growth region. Major industry players are investing in sensor innovation to enhance vehicle safety and efficiency.

Insights
ST   positive

Listed as a leading player in the automotive sensors market, positioned to benefit from the projected 7.01% CAGR growth and increasing demand for sensor technology in autonomous vehicles.