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The automotive airbag sensor market size is forecast to increase by USD 227 million at a CAGR of 6.22% between 2023 and 2028. The market is experiencing significant growth, driven by production shifts to low-cost countries and advancements in sensor technology. Manufacturers are increasingly outsourcing production to countries like China and Mexico to reduce costs, leading to an increase in demand for airbag sensors. Additionally, the ongoing development of advanced sensor technologies, such as microelectromechanical systems (MEMS) and piezoelectric sensors, is enhancing airbag safety and functionality. However, the market faces challenges due to a sharp decline in automobile production and sales, particularly in major markets like Europe and North America, resulting from economic downturns and changing consumer preferences toward electric and autonomous vehicles.
Despite these challenges, the market is expected to grow steadily due to the increasing focus on safety regulations and the continuous advancement of sensor technology.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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