Automotive Sensors Market 2023 – By Size, Growth Factors, Oppurtunities, Key Drivers Forecast To 2032 | Robert Bosch GmbH, Continental AG, DENSO Corporation

The Automotive Sensors Global Market Report 2023 by The Business Research Company, provides automotive sensors market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Automotive Sensors Global Market Report 2023, the market size grew from $24.79 billion in 2022 to $28.29 billion in 2023 at a compound annual growth rate (CAGR) of 14.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the automotive sensors is expected to grow to $48.05 billion in 2027 at a CAGR of 14.2%.

The rising adoption of autonomous vehicles is expected to propel the growth of the automotive sensors market. Autonomous vehicles are driverless vehicles that operate and perform necessary functions on their own without any human intervention. The use of automotive sensors in autonomous vehicles has reduced the drivers’ stress and increased the productivity of the vehicle.

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The automotive sensors market is segmented:
1) By Type: Temperature Sensors, Pressure Sensors, Speed Sensors, Level/Position Sensors, Magnetic Sensors, Gas Sensors, Inertial Sensors
2) By Vehicle Type: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle
3) By Technology: Nano-Electro-Mechanical Systems, Micro-Electro-Mechanical Systems
4) By Application Type: Powertrain, Chassis, Exhaust, ADAS, Other Applications

The rise in the use of pressure sensors in the automotive industry is a key trend gaining popularity in the automotive sensor market. Pressure sensors are used for discovering the early faults in hydraulic brakes, optimising the fuel mix to match the air pressure, automatic cleaning of exhaust filters, tracking exhaust recirculation, critical fluid examinations, finding vapour leakages, triggering airbags faster, and launching pedestrian airbags. For example, in September 2020, Sensata Technologies, Inc., an industrial technology company and a leading provider of sensors, launched the new PTE7100 and PTE7300 hermetic pressure sensors for industrial applications. The sensor is made with the leading micro silicon strain gauge technology in the automotive industry. The sensor has several unique features, including high accuracy, burst strength, and shock performance, making it a robust solution for customers with challenging measurement requirements.

The automotive sensors market report table of contents includes:
1. Executive Summary
2. Automotive Sensors Market Characteristics
3. Automotive Sensors Market Trends And Strategies
4. Automotive Sensors Market – Macro Economic Scenario
5. Automotive Sensors Market Size And Growth
……………
26. Africa Automotive Sensors Market
27. Automotive Sensors Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Sensors Market
29. Automotive Sensors Market Future Outlook and Potential Analysis
30. Appendix

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