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Automotive Sensor Market to Reach $109.8 Billion by 2032, Growing at an Annual Average of 15%… The Key to Growth is 'Sensor Value Per Vehicle'
As the automotive industry's center of gravity shifts toward electrification and autonomous driving, the automotive sensor market is growing rapidly. Whereas automotive sensors in the past were close to auxiliary components for engine, exhaust, and transmission control, their status is now changing to core components that determine vehicle safety, efficiency, and driving intelligence. In particular, market growth is not simply dependent on increased automobile sales volumes, but rather stems from both the number of sensors per vehicle and their value increasing together.
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