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10.8% CAGR seen for automotive sensors

Posted: 10 Dec 2007 ?? ?Print Version ?Bookmark and Share

Keywords:global market? automotive sensors? growth? power train?

A report on the global market for automotive sensors released by BCC Research forecasts that the market will grow from $8 billion in 2007 to $13.5 billion by 2012, with a CAGR of 10.8 percent.

The market growth will be driven by growing requirements for safety, environmental compliance, comfort, communications, and entertainment.

The new report, "Automotive Sensor Technologies: Global Markets," breaks down the automotive sensor market into three categories: power train, chassis and body. Of these applications, power train sensors hold the largest share of market, valued at $4.7 billion in 2007, followed by chassis sensors at $2.1 billion in 2007 and body sensors at $1.3 billion.

All sensor segments are expected to grow more than 10 percent CAGR over the next five years. The power train sensor segment is expected to reach $7.7 billion by 2012, with a CAGR of 10.5 percent. The chassis sensor segment will grow to $3.5 billion by 2012 with a CAGR of 11 percent and body sensors will reach $2.2 billion at a CAGR of 11.7 percent

- Gina Roos
EE Times

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