Juniper Research: Automotive Sensor Market Revenue To Grow To $92 Billion Globally By 2026, With LiDAR The Fastest-growing Sector

BASINGSTOKE, England, Nov 29 (Bernama-BUSINESS WIRE) — A new report from Juniper Research has found that the automotive sensors market will grow to over $92 billion by 2026; a 30% increase over 2021. This growth will be driven by sensors that enable automated vehicles and ADAS (Advanced Driver Assistance Systems). Sensors monitoring various vehicle safety parameters in internal combustion engines will experience substantial decline from increased electrification of vehicles, following the COP26 climate conference’s initiatives to move countries to 100% electric vehicle sales by 2030.

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