Market Size of UAE Automotive Sensors Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 6.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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UAE Automotive Sensors Market Analysis
The UAE Automotive Sensors Market is expected to register a CAGR of more than 6 % during the forecast period, 2020-2025.
- The automotive sensors market is growing rapidly due to the energy efficiency, low cost, compact size, and bulk manufacturing capability offered by sensors. UAE is the leading research and development hub for technologies utilizing micro and nanotechnology, especially in the Middle East. As a result, the sensor industry is creating various opportunities for smarter automotive applications.
- Growth in sensors is largely driven by the development and adoption of autonomous driving, requiring advanced software functionality. For instance, object detection, path planning, and increased functional safety, such as LiDAR, are increasing in passenger cars. Also, pressure sensors remain as the integral part of engine and safety.
