Irving, Texas (PRWEB) August 17, 2012
The global automotive sensors industry experiencedpositive growth over the last five years and is expected to continue its growth momentum, reaching approximately $18.8billion in 2017 with a CAGR of 9.3% over the next five years (2012-2017).Emerging markets are forecast to expand due to leading sensors applications in BRIC nations and Middle East regions, contributing to the growth of APAC industry growth.
Lucintel, a leading global management consulting and market research firm, has analyzed the global automotive sensors industry and presents its findings in “Global Automotive Sensors Industry 2012-2017 Trend, Profit and Forecast Analysis.”
The global automotive sensor industry is characterized by increasing electronic content in vehicles, shaping optimistic growth trends for2012-2017 for power train and safety sensors.The industry is expected to experience robust growth over the forecast perioddue to mandatory emission regulations and automotive electronics, developing potential applications toward enhanced comfort, safety, air conditioning, humidity, and climate controls.
Lucintel’s research indicates that the industry experienced double-digit growth in 2010-2011 due to global vehicle sales experiencing high level growth with increasing number of sensors and rapid market recovery after a drop in 2008-2009.North America and Europe was propelled by government, customer demands for sensors applications, and favorable treatments by aftermarket.
The global automotive sensors market is mainly driven by rebounding automotive sales with subsequent delivery of innovative features supported by technological advancements in various applications such as safety, comfort, and motion sensing.The major challenges are likely to be addressed by industry players, including conformance to quality and environmental standards.
The report is intended to provide a concise overview of the global automotive sensors industry. This market research report tracks five market segments for four regions – thus it tracks twenty segments of the global automotive sensors industry.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit http://www.lucintel.com.