Forecast: Automotive Sensor Demand - Q3 2024
Automotive sensor market for light-duty vehicles to grow at 3.8% CAAGR from 2023-2028, outpacing vehicle production.
This market forecast for automotive sensors in light-duty vehicles shows that the packaged sensor market is now expected to grow at a CAAGR of 3.8% over 2023 to 2028. This is above the expected vehicle production growth of 1.5%, showing rising sensor content per vehicle. Sensor types covered in this forecast include speed, position, temperature, accelerometer, pressure and gas sensors. Note: This forecast does not capture demand from “system-level” sensors such as RADARs and LiDARs. It does include demand from camera and ultrasonic sensors. The full ADAS sensor market is covered in the “Advanced Driver Assistance Systems Forecast” series of reports.
