Sensor Market Growth Trends and Latest Projections
Monday, 1 April 2024, 05:44
Sensor Market Growth Projections
The sensor market is witnessing remarkable growth projections for the 2020s. Electrification and ADAS sensors in particular are expected to experience substantial compound annual growth rates of 24% and 17% respectively.
Key Highlights:
- Electrification sensors to have a CAGR of 24% from 2019 to 2029.
- ADAS sensors to show a 17% CAGR over the same period.
The growth in the sensor market indicates promising opportunities for investors and businesses looking to capitalize on this thriving sector.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.