The market for vehicle sensors is growing—Verified Market Research calculated its 2021 value at US$26.9bn globally, with the potential to reach US$46.3bn by 2030. The broader adoption of electric vehicles (EVs) and increasing consumer awareness of sensors’ safety benefits are key motivators for this growth. However, the concurrent development of autonomous vehicles (AVs) is putting the full potential of sensor technology to the test.
Subscribe to Automotive World to continue reading
Sign up now and gain unlimited access to our news, analysis, data, and research
Already a member?
