Sensor Market for Automated Vehicles worth $19.1 billion by 2030 – Exclusive Report by MarketsandMarkets™

Ltd.Chicago, Aug. 08, 2023 (GLOBE NEWSWIRE) -- 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%, according to a new report by MarketsandMarkets™. The growing demand of safer, efficient and fuel-efficient vehicles are expected to increase the demand for automated vehicles around the world. With this, the demand for sensors for automated vehicles such as cameras, radar sensors, lidar sensors, among others, is expected to increase rapidly. The demand for processors and semiconductors is also driven by the rising demand for electric and autonomous vehicles. Countries such as Germany, France, and the UK have already allowed the use of autonomous vehicles on particular roads.