Global Automotive Sensors Market to Reach $13.3 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

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Technological advancements, mandatory emission regulations, and potential application of sensors in automotive electronic and electrical systems, air-conditioning, and climate control systems are expected to propel worldwide sales of automotive sensors to $13.3 billion by 2015.

Automotive Sensors: A Global Strategic Business Report

Automotive industry offers maximum growth potential for the global sensors market. Technological advancements are expected to boost sales in the global automotive sensors market. Introduction of non-contact electronic sensors offering enhanced reliability and accuracy, as well as the advent of micro-technology in electronics industry is expected to propel the demand for advanced and miniature automotive sensors. The most potential applications for sensors in automobile sector are electronic and electrical systems for enhancing comfort and safety, and air-conditioning and climate control systems for humidity and temperature control. With automotive industry making vast investments into research and development activities, the integration of emerging sensor technologies into application is imminent.

Automotive sensors industry has witnessed a surge in sales over the past few years with demand driven by use of sensors in a wide range of vehicle safety and control applications such as anti-lock braking systems (ABS), airbags and engine emissions control. However, the market faces adverse impact of global financial crisis, and the expected decline in vehicular production, particularly in North America and Europe.

Europe and United States lead the global market for automotive sensors, as stated in a report by Global Industry Analysts, Inc. Rising production of vehicles along with increased demand for more driver information, safety equipment and improved engine management are major factors driving demand for sensors in Europe. The market offers growth prospects, owing to the developments in various types of sensor technologies that can be used for controlling and monitoring mechanical tasks in an automobile. In an intensely competitive European automotive sensor industry, continuous innovations in technology and supply are key to ensure long-term survival of market participants.

Major players operating in the global automotive sensors market include Allegro MicroSystems Inc, Analog Devices Inc, Bosch Sensortec GmbH, Continental AG, CTS Corporation, Delphi Corporation, Denso Corporation, GE Sensing & Inspection Technologies, Hamamatsu Photonics KK, Hitachi Automotive Systems, Honeywell Sensing & Control, Infineon Technologies, Melexis Inc, Micron Technology Inc., NXP Semiconductors, Omron Corporation, Sensata Technologies, and Visteon Corporation.

"Automotive Sensors: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive provides a review of key market issues and trends, product introductions, and recent industry activity. The report enumerates recent product introductions/innovations, developments, mergers, acquisitions and other strategic industry activities. Analysis is provided for the time periods 2000-2007 and 2008-2015 for established and emerging markets including the United States, Canada, Japan, Europe, France, Germany, Italy, United Kingdom, Asia-Pacific, and Rest of World.

For more details about this research report, please visit http://www.strategyr.com/Automotive_Sensors_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site http://www.StrategyR.com

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