As per a study conducted by P&S Intelligence, the global ultrasonic sensor market reached a value of $4.1 billion in 2019, and it is projected to progress at a 10.2% CAGR during the forecast period (2020–2030). The market us being driven by the rising utilization of ultrasonic sensors in automobiles and surging requirement for these sensors from the manufacturing industry. On the...
The 5G infrastructure for the automotive market is poised for significant growth as manufacturers, telecom companies, and governments collaborate to build smart transportation networks. This blog will explore the market's growth trajectory, segmentation, key players, and regional trends.
Market Growth and CAGR
The global 5G infrastructure for the automotive market is expected to grow at a...
The autonomous vehicles market is witnessing transformative growth, with projections indicating a valuation of $259.4 billion by 2031, growing at an impressive CAGR of 20.4% from 2024 to 2031. This expansion is driven by surging demand for luxury vehicles, advancements in traffic management, and heightened road safety initiatives. Additionally, government-backed programs promoting autonomous...
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