Automotive Sensor Market Shares, Opportunities, Growth Rate
and Size Estimation Forecasts 2022
“The Global Automotive Sensor Market is estimated to develop at a substantial
CAGR for the duration of the prediction period. The market research report
delivers an exceptional means for assessing the market, emphasizing
openings, and backing up the planned and calculated policymaking.”
Industry Insights
The Global Automotive Sensor Market was anticipated at USD 18.68 billion in 2014. Approving initiatives of
government for the security and safety of passenger are expected to propel the growth in the revenue.
Automotive sensors help in the detection of parameters which include speed and heat and take preventive
measure when in danger, thus it becomes an important part of automobiles. Owing to technological
improvement vehicles are provided with various sensing devices which give information on numerous
parameters thus confirming security, safety, and comfort.
Due to the increasing demand of consumers for comfort and fuel-efficiency as well as agreeable regulations of
government on safety along with emission standards, there has been an increase in the number of devices used
per vehicle.
The switch for self-driving cars could notably drive the market of automotive sensors as some devices are
required to process intelligent data for making autonomous decisions. For instance, Google’s self-driving cars
make use of quad-core PCs which process 1.3M laser measurements thus comes to the 20 driving decisions
every second.
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