LYON, France – 6.5 billion semiconductor sensors for the automotive market were shipped in 2023 globally, generating $9.3 billion in revenue. Yole Group expects a 7% revenue CAGR between 2023 and 2029 to $14.3 billion, with almost 9 billion sensors shipped worldwide…
Pierrick Boulay, Senior Technology & Market Analyst, Automotive Semiconductors at Yole Group, comments: “The upcoming years are poised to witness a dynamic transformation in automotive sensor technology driven by advancements in ADAS, autonomous driving, electrification, and the widespread adoption of sensors across global car fleets. Consequently, substantial reorganization within the industry and its supply chain is anticipated. Therefore, there is a pressing need to develop strategic business plans and collaborate with suitable partners to capitalize on emerging opportunities.”
Yole Group presents today the 2024 Semiconductor Sensors for Automotive report, providing an in-depth exploration of semiconductor sensors in automotive applications. This comprehensive analysis delves into market dynamics, technological advancements, and recent innovations, offering valuable insights. Analysts provide a thorough examination of sensor trends and forecast market value and shipments from 2023 to 2029. Additionally, Yole Group elaborates on the automotive ecosystem, including player rankings, market shares, and pertinent analysis of emerging challenges…
To read the full story, please click: Driving towards growth: a $14.3 billion automotive sensor market opportunity by 2029
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