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Instrumentation And Sensors

Automotive Sensor Technologies: Global Markets

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REPORT HIGHLIGHTS

  • The market for automotive sensors fell from $12.7 billion in 2008 to $12.6 billion in 2009. Longer term growth is expected, rising at a compound annual growth rate (CAGR) of 7.7% over the period 2010 to 2015 to reach $19.1 billion by 2015, bolstered by new application opportunities and emerging regions.
  • The applications of sensors in automobiles using alternate fuels will experience the highest compound annual growth rate (CAGR) of 12.7%, increasing in value from $950 million in 2010 to $1.7 billion in 2015.
  • The market for sensors in power-train applications is expected to be higher than other applications, increasing from $6 billion in 2010 to $8.6 billion in 2015, a compound annual growth rate (CAGR) of 7.3%.