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Automotive sensors market to grow with 10.8% CAGR

Posted: 10 Dec 2007     Print Version  Bookmark and Share

Keywords:global market  automotive sensors  growth  chassis and body 

A report on the global market for automotive sensors released by BCC Research forecasts that the market will grow from Rs.31,567.98 crore ($8 billion) in 2007 to Rs.53,270.96 crore ($13.5 billion) by 2012, with a CAGR of 10.8 per cent.

The market growth will be driven by growing requirements for safety, environmental compliance, comfort, communications, and entertainment.

The new report, "Automotive Sensor Technologies: Global Markets," breaks down the automotive sensor market into three categories: power train, chassis and body. Of these applications, power train sensors hold the largest share of market, valued at Rs.18,546.19 crore ($4.7 billion) in 2007, followed by chassis sensors at Rs.8,286.59 crore ($2.1 billion) in 2007 and body sensors at Rs.5,129.80 crore ($1.3 billion).

All sensor segments are expected to grow more than 10 per cent CAGR over the next five years. The power train sensor segment is expected to reach Rs.30,384.18 crore ($7.7 billion) by 2012, with a CAGR of 10.5 per cent. The chassis sensor segment will grow to Rs.13,810.99 crore ($3.5 billion) by 2012 with a CAGR of 11 per cent and body sensors will reach Rs.8,681.19 crore ($2.2 billion) at a CAGR of 11.7 per cent

- Gina Roos
EE Times

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