U.S. Motor Vehicle Sensor Market 2021-2026: Research Report Size, Share And Trends

Market Overview

In the forecast period, 2021-2028, the U.S. Motor Vehicle Sensor Market is expected to grow at a CAGR of 11%.

The largest semiconductor companies are based in the United States. Automotive businesses are aggressively investing in sensor technology, with a rising focus on artificial intelligence (AI) and machine learning in automobiles. Safety and comfort have become the key drivers for the U.S. Motor Vehicle Sensor Market, thanks to the availability of a wide range of microchips and on-chip system components.

ADAS, lane change warning, anti-lock braking system (ABS), electronic stability control, and adaptive cruise control (ADS) are a few of the in-demand sensor technologies that help increase driver safety and provide stress-free driving conditions.

In-bound cameras, radar, and LIDAR data help vehicles' ADAS systems observe and adapt to their surroundings. The automakers also intend to include the various technologies into a number of new vehicle models in order to prevent youngsters or pets from being left alone in vehicles. Each year, over 50 lives are lost, according to the National Highway Traffic Safety Administration.

Driver Safety is Improved by Automotive Sensors

Developed countries, such as the United States, have enacted a slew of legislation to safeguard driver safety. Sensors will be growing in demand for the automotive sector, notably in the United States, due to stringent fuel emission rules and driver safety, as the installation rate of these sensors will be maximal in a short length of time to comply with the ever-changing regulations.

The need for safety sensors such as anti-theft, seat impact sensors, belt tension sensors, and parking sensors is predicted to rise. Important manufacturers are seizing the opportunity and making significant contributions to the U.S. Motor Vehicle Sensor Market.

With the fast integration of safety systems in automobiles, particularly in the United States, large competitors in the market are purchasing other small businesses in order to gain a significant piece of the market. For example, TE Connectivity Ltd completed its acquisition of First Sensor AG in March 2020. First Sensor is a global sensor technology company that specialises in chip design and production, as well as developing and manufacturing standard sensors and customer-specific sensor solutions. It has manufacturing and sales facilities in the United States, as well as a global partner network.