Dallas, TX -- (SBWIRE) -- 11/04/2011 -- In modern automobiles, numerous types of sensors fulfill many important tasks ranging from engine performance and passenger safety to comfort and vehicle dynamic behavior. Although rarely visible, they contribute significantly to the vehicle’s performance, quality, image and its customer appeal.
The need for sensors is evolving and is progressively growing. Automotive safety represents a growing and the most stable market due to influences from national governments, consumers and the automakers themselves. Different technologies such as “Advanced Driver Assistance System” and “Hybrid and electric vehicle” will show the growth opportunities to sensor market.
Long term growth is expected in Auto sensor market 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.
Scope of the report
This research report categorizes the Auto sensors market on the basis of different products, applications and geography; forecasting revenues, and analyzing trends in each of the product type and applications.
North America, Europe, Asia-Pacific, and ROW are covered in the report.
This report will study major market trends, drivers, and inhibitors for each sensor market will give an overall picture of the market from a global perspective. The comprehensive competitive landscape section of the report will provide a detailed analysis of the trends in mergers and acquisitions, agreements and partnerships, product launches and so on, which have been covered for the sensors market. This information is very useful for existing players as well as new entrants in any market.
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