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Stock impact report

Automotive Sensors Market Size to Reach USD 50.76 Billion By 2032, at 6.2% CAGR | Polaris Market Research [Yahoo! Finance]

Allegro MicroSystems, Inc. (ALGM) 
Company Research Source: Yahoo! Finance
New York, USA, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Market Outlook: The global automotive sensors market size is predicted to grow from USD 29.47 billion in 2023 to USD 50.76 billion by 2032. It is anticipated to grow at a CAGR of 6.2% from 2024 to 2032, according to the latest research report by Polaris Market Research. Market Overview: What are Automotive Sensors? Automotive sensors are significant in streamlining the function of contemporary automobiles. These sensors offer details about several vehicle variables to the Electronic Control Unit (ECU) so that security, productivity, and presentation are optimized. They do this by interpreting tangible aggregate into electrical impulses. These sensors can be classified along two prominent lines, namely by tangible attributes they measure and, subsequently, the primary technology they utilize. Pressure sensors recognize and determine the pressure of the car's several liquids, including air, fuel, and oil. The automotive sensor Show less Read more
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