Press Release Summary: The global market for automotive sensor technologies increased from $7.3 billion in 2006 to an estimated $8 billion by the end of 2007. According to the new report, the market should reach $13.5 billion by 2012. Moreover, power train sensors are expected to account for the largest share of the market, worth an estimated $4.7 billion in 2007 and expected to reach $7.7 billion by 2012. The analyst says \"sensor technology will manage driver commutes, help avoid accidents and conduct body scans to put people in the most comfortable driving position.\"
Press Release Body: ELECTRONICS.CA PUBLICATIONS, the electronics industry market research and knowledge network, announces the availability of a new report entitled \"Automotive Sensor Technologies: Global Markets\".
The role of the automotive sensor has grown to be recognized as one of the major considerations of automotive design. Sensors are increasingly being used to perform vital functions in systems, such as the power train, chassis, and body. The influence of this technology, hence, pervades every aspect of the automobile, including engine control, transmission, braking, maneuverability, safety, comfort, and convenience.
The global market for automotive sensor technologies increased from $7.3 billion in 2006 to an estimated $8 billion by the end of 2007. According to this new report, the market should reach $13.5 billion by 2012, a compound annual growth rate (CAGR) of 10.8%. Moreover, power train sensors are expected to account for the largest share of the market, worth an estimated $4.7 billion in 2007 and expected to reach $7.7 billion by 2012, a CAGR of 10.5%.
The report offers the examinations of the current global market status of automotive sensor technologies, technological issues within the area, and of major companies in the industry. The report analyst, Dan Pepper, commented that "In the future, sensor technology will manage driver commutes, help avoid accidents and conduct body scans to put people in the most comfortable driving position."
"Although some sensor subsectors are relatively mature and growing at a fairly consistent rate, the automotive sensor industry as a whole is growing much faster than automotive sales. Therefore, it was time to reexamine this market to find the reasons for this accelerated growth and bring forth any meaningful trends that could be found."
To complete its analysis on the global automotive sensor market and forecasts the relevant trends, the report is structured to dig deep down into the existing technologies and their markets as well as emerging technologies with an assessment of their future in this fast moving industry.
Details of the new report, "Automotive Sensor Technologies: Global Markets" can be found on Electronics.ca Publications\' web site.
Web Site: http://www.electronics.ca/reports/instruments-sensors/automotive.html
2022
