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Global Market for Automobile Sensors Expected to Reach $35.2 Billion in 2020; Safety and Support Systems Category to Move At 14% CAGR

Global Market for Automobile Sensors Expected to Reach $35.2 Billion in 2020; Safety and Support Systems Category to Move At 14% CAGR

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Published by BCC Research
The global market for automobile sensors is expected to grow to $35.2 billion by 2020, with a five-year compound annual growth rate (CAGR) of 9.7%. The safety and support systems category is the fastest growing segment, registering a significant CAGR of 14%.
The global market for automobile sensors is expected to grow to $35.2 billion by 2020, with a five-year compound annual growth rate (CAGR) of 9.7%. The safety and support systems category is the fastest growing segment, registering a significant CAGR of 14%.

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Published by: BCC Research on Jun 02, 2014
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Global Market for Automobile Sensors Expected to Reach $35.2 illion in 2!2!" Safet# and Support S#stems ate%or# to Mo&e At '() AGR 
Wellesley, Mass., May 30, 2014 – BCC Research (www.bccresearch.com) reveals in is new re!or, "lobal Mar#es $or %&omoive 'ensor echnoloies, he lobal mar#e $or a&omobile sensors is e*!ece+ o row o 3-.2 billion by 2020, wih a $iveyear com!o&n+ ann&al rowh rae (C%"R) o$ /.. he sa$ey an+ s&!!or sysems caeory is he $ases rowin semen, reiserin a sini$ican C%"R o$ 14.%&omoive elecronics sysems in vehicles are increasin wih +eman+ $or convenience, com$or, sa$ey, e$$iciency, an+ environmenal concerns. Conse&enly, he n&mber o$ a&omoive sensors &se+ in vehicles is also on he rise.he vehicle manaemen sysems caeory, which incl&+es !ower rain an+ vehicle conrol sysems, is he +ominan semen o$ he overall mar#e an+ is e*!ece+ o reach 12.3 billion in 201- an+ row o 1  billion by 2020, reiserin a C%"R o$ ..owever, he sa$ey an+ s&!!or sysems caeory, which was val&e+ a 5&s -. billion in 2013, is  !ro5ece+ o 5&m! o 6.1 billion in 201- an+ 1-. billion in 2020.7he increasin +eman+ o$ a+vance +river assisance sysems (%8%') an+ hybri+ an+ elecric vehicles are he $&&re $or a&omoive sensors,9 says BCC Research insr&menaion an+ sensors analys 'rinivasa Ra5aram. 7'ensor echnoloies li#e microelecromechanical sysems (M:M') sensor, wireless sensor, ra+ar, ec., are he $&&re o$ a&omoive sensors. ;$ hese, M:M' is he mos !romisin an+ is li#ely o emere as a lea+er in he a&omoive worl+.9he &ili<aion o$ sensors in a&omobiles &sin alernae $&els is also increasin, as hese y!es o$ a&omobiles are enerin he mar#e in a bi way as a res&l o$ emission conrol re&laions.
G*+A* MAR,E-S +R A/-+M+-01E SES+R -E+*+G0ES
 !rovi+es an overview o$ he lobal mar#e $or a&omoive sensor echnoloy. = incl&+es an analysis o$ lobal mar#e ren+s, wih +aa $rom 2013, esimaes $or 201-, an+ C%"Rs hro&h 2020.:+iors an+ re!orers who wish o s!ea# wih he analys, sho&l+ conac 'even C&mmin a seven.c&mmin>bccresearch.com.
About  Research
BCC Research !&blishes mar#e research re!ors ha ma#e orani<aions worl+wi+e more !ro$iable wih inellience ha +rives smar b&siness +ecisions. hese re!ors cover o+ay?s ma5or in+&srial an+ echnoloy secors, incl&+in emerin mar#es. @or more han 40 years we?ve hel!e+ c&somers i+eni$y new mar#e o!!or&niies wih acc&rae an+ reliable +aa an+ insih, incl&+in mar#e si<in, $orecasin, in+&sry overviews, an+ i+eni$icaion o$ sini$ican ren+s an+ #ey com!eiors. We !arner wih analyss who are e*!ers in s!eci$ic areas o$ in+&sry an+ echnoloy, !rovi+in &nbiase+ meas&remens an+ assessmens o$ lobal mar#es. ;&r cliens incl&+e he o! com!anies in in+&sries aro&n+ he worl+ as well as &niversiies, b&siness schools, sar&!s, cons&lin $irms an+ invesmen com!anies. BCC Research is a &ni o$ :li Research AAC. isi o&r websie a www.bccresearch.com. Conac &s (D1) 6146/301 (E.'. :asern ime), or email in$ormaion>bccresearch.com.

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