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Sep 29, 2020 (Profound via COMTEX) —
Automotive Sensor Market is segmented into By Type: Pressure Sensors, Temperature Sensors, Speed Sensors, Motion Sensors, And Gas Sensors; By Application: Chassis, Powertrain, Safety amp; Security, Body Electronics, And Telematics) – Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 – 2027.
The global automotive sensor market size was valued at USD 16.82 billion in 2019 and expected to reach USD 39.41 billion by 2027, with a compound annual growth rate (CAGR) of 10.4% during the forecast period 2020 to 2027.
Automotive sensors detect, measure, and transmit information, which help in analyzing performance of vehicles. Sensors are devices that detect events or changes in environment and then provide a corresponding output. They sense physical input such as light, heat, motion, moisture, pressure, or any other entity, and respond by