The automotive sensors market was valued at USD 22.94 Billion in 2016 and is expected to reach USD 36.42 Billion by 2023, at a CAGR of 6.71% between 2017 and 2023.
The major factors that drive the market for automotive sensors are increasing motor vehicle production worldwide, increasing vehicle electrification, stringent government regulations, and growing consumer demand for sensors for the convenience and comfort.
