Aug 10 2010
Bharat Book Bureau, a leading business information provider for market research, reported that the international market for sensor technologies in the automotive sector is assessed to be $13.2 billion in 2010 and expected to exceed $19.1 billion by 2015 at an annual growth rate (CAGR) of 7.7%.
The power train systems worth $6.1 billion now are estimated to increase at a CAGR of 7.3% to reach $8.6 billion in 2015. The safety management system is expected to reach $6.4 billion in 2015 after increasing at a CAGR of 7.3% from $4.5 billion. Revenue from the driver support system expected at $1.7 billion in 2010 will rise to more than $2.4 billion in 2015 for a five year CAGR of 7.1%. The smallest segment, the alternate fuel vehicle is estimated at $950 million in2010 is projected at $1.7 billion in 2015 with a CAGR of 12.7%.
The sensor technology will dominate over other technologies in the automotive sector in the near future. Association of microprocessor control technology with Sensor technology in cars will make it more stylish.
Wide range of electronic contents such as radar, silicon micro-engineering, capacitive, thick film, optical and variable reluctance occupied vehicles in the recent past and the extensive use of these technologies necessitate the intense use of sensors in vehicles This report provides insight to the researchers in to the production and design of sensor in automobiles and associated systems for applications in automobile industry.
Source: http://www.bharatbook.com