MarketResearch has included a new report on "Global Sensors Market for Automotive Applications (2011 - 2016)" to its industry analysis collection of Electronic reports. The automotive industry was drastically affected by the global recession from 2008 to 2009, resulting in the total vehicle production drop to 58 million from 68 million units.
During 2004-2009, the sales in emerging markets such as China, India and Brazil increased by 14%, 12% and 26% respectively annually, where as the sales in developing markets such as Japan, US and Western Europe decreased by 4%, 9% and 2% respectively. This has improved the emerging markets for automotive sensors as it is totally dependendent on automotive production of the respective market.
The presence of large semiconductor industries, prominent device suppliers, and sensor developers enables the developed markets to have progressive business in automotive technology. Due to the positive impact on the demand of automotive sensors and increase in the manufacture of light vehicles during 2004-2009, the emerging market will have prolonged growth in the future.
The government plays a major part in the growth of the automotive sensor technology. The pollution caused by road vehicles in Europe is limited by the environmental regulations including Euro 5 and Euro 6, which require more additional and complex systems. According to the TREAD Act in US, the tire pressure monitoring systems (TPMS) is mandatorily installed in all the vehicles. The US Government compels the passengers to use the airbags and side airbags, which improves the pressure sensor market.
This report also illustrates the factors and trends influencing the growth of the market. It also offers a detailed automotive sensor market’s geographic analyses. It also provides competitive sensor market landscaping with the in-depth comparative analysis of the marketing and technological strategies. The vehicle sensor market’s revenue is anticipated to reach $20.70 billion from $14.5 billion at a 7.4% CAGR from 2011 to 2016.
Source: http://www.marketresearch.com/