Automotive Sensors Market - It's Key Opportunities and Challenges
The automotive sensors market is projected to grow from USD 28.1 billion in 2020 to USD 41.9 billion by 2024, it is expected to grow at a CAGR of 6.9% from 2020 to 2025. Increased global motor vehicle production, rise in demand for vehicle electrification, formulation of stringent government regulations related to emissions, and increase in consumer demand for safety and comfort in vehicles are the major factors driving the growth of the automotive sensors market.
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