Market Research Report
Global Markets for Automotive Sensor Technologies
|Global Markets for Automotive Sensor Technologies|
Published: October 16, 2020
Content info: 365 Pages
Delivery time: 1-2 business days
The global market for automobile sensors should grow from $25.9 billion in 2020 to $78.9 billion by 2025, at a compound annual growth rate (CAGR) of 13.4% for the period of 2020-2025.
Chemical and gas, rotational motion and angular and linear position sensors market as a segment should grow from $11.0 billion in 2020 to $29.1 billion by 2025 at a CAGR of 10.8% through 2025.
Image and vision, radar and LIDAR, IoT and other types of sensors market as a segment should grow from $7.0 billion in 2020 to $29.2 billion by 2025 at a CAGR of 19.4% through 2025.
Systems controlled by sensors have become integral in today's automobiles, and this has made most electro-mechanical devices better refined and more efficient. The development and deployment of numerous sensing technologies support and enable the introduction of advanced electronic systems, although there are challenges regarding robustness, reliability, quality and cost. New sensors are emerging to improve system functionality and to enable future advanced systems, but existing sensors will also continue to find new applications and build upon their past records of performance. This report will study the areas in the production of an automobile that have advanced with the use of sensors and the markets for these sensors in various applications and regions.
For this report, automobiles are considered to include all passenger cars, light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), buses and specialized vehicles (e.g., racing cars, semi-automatic vehicles, autonomous vehicles).