With 13.6 % CAGR, Automotive Sensors Market Growth to Surpass USD 47.5 billion
The Automotive Sensors Market was valued at USD 24.3 billion in 2020 and is estimated to reach USD 47.5 billion by 2026, registering a CAGR of 13.6% during the forecast period. The rising adoption of autonomous vehicles increasing demand for automotive sensors worldwide. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=426 By sales channel, the original equipment manufacturer (OEM) is projected to hold the largest share of automotive sensors market during the forecast period In 2021, the OEM segment is expected to hold a larger share of the automotive sensors market than the aftermarket segment, and a similar trend is expected to be observed from 2021 to 2026. The enforcement of stringent vehicle safety regulations and the deployment of ADAS technology for automatic high beam control, night vision, front luminance, and several other applications in modern-day vehicles will create opportunities for automotive sensor manufacturers. All these factors ...