Key Drivers Fueling Growth in the U.S. Motor Vehicle Sensors Industry
The U.S. motor vehicle sensors market is experiencing significant growth, driven by advancements in automotive technology and increasing demand for enhanced vehicle performance and safety. According to Persistence Market Research, the U.S. motor vehicle sensors market is projected to witness a compound annual growth rate (CAGR) of 6.6% from 2024 to 2031, rising from US$ 4 billion in 2024 to US$ 6.3 billion by 2031. Key Drivers of Growth in the U.S. Motor Vehicle Sensors Industry Advancements in Engine Management Systems Modern vehicles are equipped with sophisticated engine management systems that require precise monitoring and control. Sensors play a crucial role in measuring parameters such as temperature, pressure, and oxygen levels, enabling optimal engine performance and fuel efficiency. The engine and drivetrain segment is expected to dominate the market, with a projected CAGR of 6.9% through 2031, driven by innovations in these systems. Adoption of ...