Date: 22/09/2010

Strategy Analytics: Automotive sensors' revenue to reach $17.6 billion in 2017

Strategy Analytics, in its latest study, "Automotive Sensor Demand Forecast 2008 to 2017: Global Economic Rebound Sparks Growth," has forecasted that the market for automotive sensors will rise from $9.9 billion in 2009 to $11.3 billion in 2010, recording a year-on year growth of 15%. It is also predicted that the automotive sensor shipments to be 4 billion units and worth $17.6 billion in 2017.

Light vehicle production is expected to grow at a CAGR (Compound Annual Growth Rate) of 7.9 % from 2009 to 2014. Over the same period, Strategy Analytics expects automotive sensor revenues to grow by 10.3% CAGR as carmakers respond to tightening environmental, fuel mileage and safety legislation and consumer expectations by introducing electronically controlled innovations.

"Global automotive sales are rebounding from the lows of 2009. This, combined with vehicle manufacturers using sophisticated electronic systems to create vehicles that are more safe, fuel efficient and environmentally friendly, creates demand for a higher number of sensors per vehicle," says Mark Fitzgerald, Associate Director, Automotive Practice