Automotive Sensor Technologies: Global Markets
- The global market for automotive sensor technologies increased from $7.3 billion in 2006 to an estimated $8.0 billion by the end of 2007. It should reach $13.5 billion by 2012, a compound annual growth rate (CAGR) of 10.8%.
- Power train sensors 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%.
- 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, BCC believed 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.
SCOPE OF STUDY
This report contains:
- Descriptions of various types of automotive sensor technologies, with current and potential applications for each type
- The current global market status of automotive sensor technologies, trends and forecasts of growth over the next 5 years
- Technological issues, including the latest breakthroughs
- A discussion of global research and development initiatives
- An examination of major companies in the automotive sensor technologies industry.
BCC presents an analysis for the automotive sensor groups shipped in 2006. Our estimated value is what manufacturers have shipped in undepreciated dollars. The analysis of emerging technologies includes projected 2007 shipments for those that are currently available. Not included in this analysis are consumer level sensors that might be purchased by the automobile amateur or hobbyist.
BCC surveyed 51 companies to obtain data for this study, included were manufacturers of the various technologies and related products. We also spoke with trade and association representatives and analyzed presentations from the latest trade conventions and international conferences. In addition, we compiled data from current financial and trade organizations as well as from government sources.
Dan Pepper holds a Master's Degree in Technology from Mississippi State University, and has been involved with grants issues from the U.S. Dept. of Energy in various facets of "Appropriate Technology." He also has done work in environmental membrane design for various industrial and municipal clients. He has authored research reports for BCC Research and Gale Research.
- The more than $10 billion worldwide automotive sensor market in 2005 will continue to increase at an average annual growth rate (AAGR) of 6% to $14.2 billion in 2010.
- Automotive safety represents a growing and the most stable market due to influences from national governments, consumers and the automakers themselves. Through 2010, this segment will show the most expansion at an AAGR of 13.7%. In-cabin systems will rise at an AAGR of 6.2%.
- During the period, position, speed and oxygen sensors will rise at an AAGR of 6.7 %; pressure and acceleration sensors, 5.6 %; and mass airflow, temperature and other sensors, 4.5%.
- Position, speed and oxygen sensors will remain the largest market segment, rising from $6.2 billion in 2005 to $8.6 billion in 2010.