DUBLIN, Ireland -- (BUSINESS WIRE) -- Research and Markets has announced the addition of the "Global Automotive Sensors Industry 2012-2017: Trend, Profit and Forecast Analysis" report to their offering.
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.
The global automotive sensor industry is characterized by increasing electronic content in vehicles, shaping optimistic growth trends for 2012–2017 for power train and safety sensors. The industry is expected to experience robust growth over the forecast period due 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.
This market report fulfills this core need. Some of the features of this market report are:
- Industry size estimates in terms of (US $) value by regions and by segment
- Global automotive sensors industry analysis annual trend (2006–2011) and forecast (2012–2017)
- New product launch and merger and acquisition activity in global automotive sensors industry
- Quarterly demand trend (Q1 2010–Q4 2011)and forecast analysis (Q1 2012–Q4 2012) for global automotive sensors industry