The South Korea Sensors Market size is estimated at USD 3.77 billion in 2024, and is expected to reach USD 5.43 billion by 2029, growing at a CAGR of 7.36% during the forecast period (2024-2029).
The South Korean sensors market is fragmented, with the presence of major players like STMicroelectronics Inc., Honeywell International Inc., Infineon Technologies AG, Bosch Sensortec GmbH, Vishay Intertechnology Inc., TDK Corporation, and others. The players in the market are adopting strategies such as partnerships, mergers, innovations, investments, and acquisitions to enhance their product offerings and gain a sustainable competitive advantage.
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