Automotive sensors to generate $8 bln in 2007
Global market for automotive sensors is expected to be worth $8 bln in 2007. This is expected to increase to over $13.5 bln by 2012, a compound average annual growth rate (CAGR) of 10.8%. The market is broken down into applications of power train, chassis and body sensors. Of these, power train sensors have the largest share of the market. Valued at nearly $4.7 bln in 2007, this segment is expected to be worth $7.7 bln by 2012, a CAGR of 10.5%. The second largest segment, chassis sensors, was worth an estimated $2.1 bln in 2007 and will reach $3.5 bln by 2012. The body sensors segment is currently worth $1.3 bln but will be worth $2.2 bln in 2012, for a CAGR of 11.7%, BCC Research says.