Automotive Sensor Market Size, Share | Industry Trend & Analysis 2027
The global automotive sensor market size is expected to hit $37.65 billion by 2027 from $16.40 billion in 2019, growing at a CAGR of 10.2% from 2020 to 2027.
The global automotive sensor market size is expected to hit $37.65 billion by 2027 from $16.40 billion in 2019, growing at a CAGR of 10.2% from 2020 to 2027.
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Automotive Sensor Market
The concept of driverless cars is based on the data collected by various sensors such as speed sensors,
accelerometer, position sensors, and proximity sensors. This data is constantly collected and processed through a
centralized control system, which controls the motion of a car, minimizing the need of a driver. Companies such as
Google and Tesla are spending heavily on R&D of such cars and the technology is currently in its testing phase.
Positive responses from tests are anticipated to drive the growth in the future.
Automotive sensors have great impact on the powertrain segment, which helps in monitoring different types of
processes in engine such as air temperature, engine coolant temperature, and manifold absolute pressure (MAP).
Powertrain sensors provide appropriate measurement value such as pressure, speed, and air, which is required by
electronic control units. In addition, these sensors provide features such as robustness within the automotive
environment; high accuracy implies precise control mechanism; and electromagnetic interference.
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