Global market for automobile sensors to reach nearly $35.2 billion by 2020

Automotive electronics systems in vehicles are increasing with demand for convenience, comfort, safety, efficiency, and environmental concerns. Consequently, the number of automotive sensors used in vehicles is also increasing. A worldwide increase in vehicle production, technology developments, consumer demand, and governmental regulations will drive significant growth in this market for the foreseeable future.

BCC Research provides an in-depth analysis of the global market for automobile sensors through its report, Global Markets for Automotive Sensor Technologies. According to the report, this market was valued at nearly $17.8 billion in 2013 and is expected to reach $22.1 billion in 2015. BCC Research projects the market to grow to $35.2 billion by 2020, and register a five-year compound annual growth rate of 9.7% from 2015 to 2020.

RSS Feeds – Instrumentation and Sensors

Use this report for, but not limited to, the following reasons:

• Gain an overview of the global market for automotive sensor technology.
• Analyze global market trends, with estimates for 2015, and CAGRs through 2020.
• Evaluate details on key areas in the production of an automobile that have advanced with the use of sensors, and the markets for these sensors in various applications and regions.
• Assess information on the increased demand for convenience, comfort, safety, efficiency, and environmental protection.
• Review profiles of leading companies in the industry.

 

SAMPLE FIGURE

GLOBAL MARKET FOR AUTOMOBILE SENSORS, THROUGH 2020

($ MILLIONS)

 

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