Automotive Sensors Market Share

APAC Market Statistics

Regionally, the global automotive sensors market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia Pacific is set to hold largest revenue share by 2036, backed by rapid industrialization, and rising per capita income. Moreover, strict vehicle safety laws and the increasing consumer demand for self-driving cars are expected to encourage the installation of sensors in cars manufactured in the region.

Furthermore, the rising production and sales of electric passenger cars and electric vehicles (EVs) in the region are expected to drive the market in the region. For instance, in China electric car sales are expected to reach around 6 million by the end of 2022. A total of 3.2 million electric vehicles were sold in China in 2021, up 150% from the previous year.