Market Size of US Automotive Sensors Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 10.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
US Automotive Sensors Market Analysis
The United States Automotive Sensors Market is expected to register a CAGR of 10% during the forecast period, 2020-2025.
- The United States is home to the largest semiconductor companies. With a growing focus towards artificial intelligence (AI) and machine learning in vehicles, automotive companies are heavily investing in sensor technology. With the availability of a wide range of microchips and on-chip system devices, safety and comfort have become the primary drivers for the Unites States automotive sensor market.
- Few of the in-demand sensor technologies include ADAS, lane change warning, anti-lock braking system (ABS), electronic stability control, and adaptive cruise control (ADS), which help improve the safety and provide stress-free driving conditions to the driver.
- The in-bound cameras, radar, and LIDAR data enhance ADAS technology in vehicles to see and adapt to the world around them. The automakers are also planning to introduce the various features in several new vehicle models to prevent children or pets from being left unattended in vehicles. According to the National Highway Traffic Safety Administration, nearly 50 lives were lost each year.
