subject: Demand For Automotive Sensor Applications Will Continue To Grow Unabated [print this page] Automotive Sensor Technologies: Global Markets
The global market for automotive sensor technologies is an estimated $13.2 billion in 2010, but is expected to increase to $19.1 billion in 2015, for a 5-year compound annual growth rate (CAGR) of 7.7%. The largest segment of the market, power train systems, is estimated to be worth nearly $6.1 billion in 2010, and is expected to increase at a CAGR of 7.3% to reach $8.6 billion in 2015. The second-largest segment, safety management systems, is expected to reach nearly $6.4 billion in 2015, after increasing at a CAGR of 7.3% from an estimated $4.5 billion in 2010.Revenue in the driver support systems segment is expected to be $1.7 billion in 2010, and rise to more than $2.4 billion in 2015, for a 5-year CAGR of 7.1%. ( http://www.bharatbook.com/detail.asp?id=145079&rt=Automotive-Sensor-Technologies-Global-Markets.html )
The smallest segment, alternate fuel vehicles, is estimated at $950 million in 2010, and is projected to increase at a healthy CAGR of 12.7% to reach $1.7 billion in 2015. Automotive vehicle sensor development and usage will be a dominant technology thrust over the next 5 to 7 years. Cars are smart now, but will become much smarter with the expansion of sensor technology in conjunction with microprocessor control. The automotive market is a significant portion of the total sensor market.
A range of technologies has been used over the past 20 years, including silicon micro-engineering, thick film, capacitive, variable reluctance, optical, and radar. As the electronic content in vehicles increases, demand for automotive sensor applications will continue to grow unabated.
This report is intended to serve as a valuable resource for all personnel involved in the design and production of automobile sensors, associated systems and automobiles, for researchers working in the development of new sensor technologies for use in various automobiles, and for manufacturers of different types of automobile sensors.
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