Sensor Market for Automated Vehicles Size, Share, Growth, Trends & Forecast 2030
The global sensor market for automated vehicles is projected to grow from USD 0.4 billion in 2022 to USD 19.1 billion by 2030, registering a CAGR of 62.6%.Component providers provide automated driving software and hardware to leading automotive OEMs. Global OEMs leverage cameras, LiDAR, radars and sensing platforms from these providers to be integrated in their autonomous vehicles. Factors...
Adoption of Proximity Sensors in industrial automation and automobile is likely to drive the Proximity Sensor Market
Increase in automation of complex production systems has led to the demand for components that are capable of providing important data regarding the production process. Proximity sensors facilitate process control in factories by detecting the presence and accurate positioning of metal objects. Proximity sensors help in automating procedures and even repetitive tasks resulting in efficient production...