Automotive Sensor Demand Forecast 2011 to 2020: Global Growth Contunues Despite European Distress

The demand for automotive sensors will grow at 8.7% CAAGR between 2012 and 2017, rising from $16.9 billion to $23.5 billion. Sensor growth rates vary between the main vehicle producing regions of the world. Safety system growth is the largest driver of sensor growth through 2020. While the US economy continues to recover, the sovereign debt crisis continues to slow vehicle sales in Europe. This automotive sensor forecast identifies application growth opportunities and detailed demand trends for sensors in OEM factory fitted automotive electronic systems in North America, Japan, Europe, Russia, South Korea, Brazil, China, Thailand and Rest-of-World (ROW) vehicle production.

The demand for automotive sensors will grow at 8.7% CAAGR between 2012 and 2017, rising from $16.9 billion to $23.5 billion. Sensor growth rates vary between the main vehicle producing regions of the world. Safety system growth is the largest driver of sensor growth through 2020. While the US economy continues to recover, the sovereign debt crisis continues to slow vehicle sales in Europe. This automotive sensor forecast identifies application growth opportunities and detailed demand trends for sensors in OEM factory fitted automotive electronic systems in North America, Japan, Europe, Russia, South Korea, Brazil, China, Thailand and Rest-of-World (ROW) vehicle production.