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2 clusters · 4 sources · 3 days · First seen · Last updated
Global automotive sensors market growth
Overview
The automotive sensors market is experiencing significant projected growth driven by technological advancements and regulatory requirements.
Specific segments, such as the NOx sensor market, are expected to reach approximately $4.9 billion by 2031, fueled by stringent emission regulations in North America and the European Union. Major industry players like Continental AG, Robert Bosch GmbH, and NGK are expanding production capabilities to meet these needs.
Broadly, the total automotive sensors market is forecasted to grow from $48.45 billion in 2026 to $109.85 billion by 2032. This expansion is attributed to the industry shift toward connected, software-centric, and automated vehicles, alongside advancements in AI-enabled sensor fusion, 4D imaging radar, and solid-state lidar.
Entities
General Motors · NGK · Continental AG · Robert Bosch GmbH · Global Info Research
Timeline
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[BUSINESS] 2 sourcesAutomotive sensors market projected to reach $109.85 billion by 2032
The automotive sensors market is expected to grow at a 14.6% CAGR, reaching $109.85 billion by 2032, driven by autonomous driving, AI-enabled sensor fusion, and stricter safety regulations.
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[BUSINESS] 2 sourcesAutomotive NOx sensor market projected to reach $4.9 billion by 2031
The global automotive NOx sensor market is projected to reach $4.9 billion by 2031, driven by strict emission regulations and the transition to hybrid and electric vehicles.
Sources
dreamnews.jp · marketsandmarketsblog.com · mimemo.io · reportsnreports.com