Global Markets for Automotive Sensor Technologies

April 20, 2012

Wellesley, Mass. – According to a new technical market research report, GLOBAL MARKETS FOR AUTOMOTIVE SENSOR TECHNOLOGIES (IAS018D) from BCC Research (www.bccresearch.com), the global market for automotive sensors was valued at $14.1 billion in 2011 and is expected to reach $15.2 billion in 2012. By 2017, the market should total $22.1 billion, a compound annual growth rate (CAGR) of 7.7%.

The automotive sensor market can be broken down into three segments: vehicle management systems, safety and support systems, and alternate fuel vehicles.  

The segment made up of vehicle management systems should account for $10.2 billion in 2012 and is expected to reach $14.6 billion in 2017, a CAGR of 7.4%.

Safety and support systems, projected to total nearly $3.9 billion in 2012, should experience a CAGR of 7.3% to reach nearly $5.5 billion in 2017.

As a segment, alternate fuel vehicles is expected to reach nearly $1.2 billion in 2012 and by 2017 should reach nearly $2 billion, a CAGR of 11.6%.

The automotive industry is being revolutionized by technological innovation. The performance of vehicles, safety, and comfort are being improved by using automotive sensors in various systems, including air bags, tire pressure monitoring, and vehicle stabilization control. Most of these innovations have been derived through improved electronics and advanced sensors, using technologies like silicon micro-engineering, thick film, capacitive, variable reluctance, optical,  and radar. 

Increased demand for convenience, comfort, safety, efficiency, and environmental protection drives the automotive sensor market. Sensors integrated with electronics, communications, and computer intelligence are poised for a growth surge. “Smart sensors” or “intelligent sensors” are integrated sensors with intelligence and will be used in conjunction with all types of devices. The advent of the “smart car” has major implications for the automobile industry as well as the sensor industry.

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.

In addition to IAS018D, BCC also has published IAS044A, IAS045A, IAS046A, and IAS047A. These reports cover automotive sensor technology with focuses, respectively, in North America, Europe, Asia, and in emerging markets.

To Contact us, click here  

Global Markets for Automotive Sensor Technologies( IAS018D )
Publish Date: Apr 2012    

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email press@bccresearch.com or visit www.bccresearch.com/media to request access to our library of market research.