Automotive sensor industry shows rapid growth

The global sensor market is showing rapid growth. Eastern Europe, Asia Pacific, and Canada have become the fastest growing regions in the sensor market, while the United States, Germany, and Japan are still the countries with the largest distribution of sensor markets. Worldwide, the fastest-growing sensor market is still the automotive market.

The use of sensors in the emerging markets of the BRIC countries and the Middle East is expected to expand, contributing to industry growth in the Asia Pacific region.

The global automotive sensor industry is characterized by increasing the vehicle's electronic capacity and shaping the optimistic growth trend of electric trains and safety sensors for 2012-2017. The industry is expected to experience strong growth during the expected period due to mandatory emission regulations and automotive electronics, and potential applications for development to improve comfort, safety, air conditioning, humidity, and climate control.

Lucintel's research shows that the industry experienced double-digit growth in 2010-2011 due to the high level of global automotive sales growth and the increasing number of sensors and rapid market recovery after the 2008-2009 decline. North America and Europe promote government, customer demand applications, and good therapeutic sensors through the secondary market.

The global automotive sensor market is mainly characterized by rebounds in automotive sales and subsequent delivery of innovative features, supported by technological advances in different applications (such as safety, comfort and motion sensing. The main challenges may be through the industry, including quality and environmental compliance The purpose of this report is to provide a concise overview of the global automotive sensor industry, which tracks four regions in the five market segments - so it tracks 20 segments of the global automotive sensor industry.