Global Markets for Automotive Sensor Technologies

BCC Research estimates that the global market for automobile sensors will grow from $22.1 billion in 2015 to reach nearly $35.2 billion in 2020, a compound annual growth rate (CAGR) of 9.7% for the five year period.

Report Includes

• An overview of the global market for automotive sensor technology.
• Analyses of global market trends, with estimates for 2015, and projections of compound annual growth rates (CAGRs) through 2020.
• 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.
• Information on the increased demand for convenience, comfort, safety, efficiency and environmental protection, all of which are factors driving market growth.
• Profiles of leading companies in the industry.

The global market for automobile sensors was $14.1 billion in 2011 and is expected to reach nearly $15.2 billion by 2012. BCC projects this market to grow at a compound annual growth rate (CAGR) of 7.7% reaching $22.1 billion in 2017.

• The market for automotive sensors fell from $12.7 billion in 2008 to $12.6 billion in 2009. Longer term growth is expected, rising at a compound annual growth rate (CAGR) of 7.7% over the period 2010 to 2015 to reach $19.1 billion by 2015, bolstered by new application opportunities and emerging regions.
• The applications of sensors in automobiles using alternate fuels will experience the highest compound annual growth rate (CAGR) of 12.7%, increasing in value from $950 million in 2010 to $1.7 billion in 2015.
• The market for sensors in power-train applications is expected to be higher than other applications, increasing from $6 billion in 2010 to $8.6 billion in 2015, a compound annual growth rate (CAGR) of 7.3%.

• The global market for automotive sensor technologies increased from $7.3 billion in 2006 to an estimated $8.0 billion by the end of 2007. It should reach $13.5 billion by 2012, a compound annual growth rate (CAGR) of 10.8%.
• Power train sensors account for the largest share of the market, worth an estimated $4.7 billion in 2007 and expected to reach $7.7 billion by 2012, a CAGR of 10.5%.
• In the future, sensor technology will manage driver commutes, help avoid accidents and conduct body scans to put people in the most comfortable driving position.

• The more than $10 billion worldwide automotive sensor market in 2005 will continue to increase at an average annual growth rate (AAGR) of 6% to $14.2 billion in 2010.
• Automotive safety represents a growing and the most stable market due to influences from national governments, consumers and the automakers themselves. Through 2010, this segment will show the most expansion at an AAGR of 13.7%. In-cabin systems will rise at an AAGR of 6.2%.
• During the period, position, speed and oxygen sensors will rise at an AAGR of 6.7 %; pressure and acceleration sensors, 5.6 %; and mass airflow, temperature and other sensors, 4.5%.
• Position, speed and oxygen sensors will remain the largest market segment, rising from $6.2 billion in 2005 to $8.6 billion in 2010.