STRATEGY ANALYTICS: Automotive Sensors Market Expanding to $17 Billion by 2013.

Sensor Demand Growth is More Than Double Vehicle Production Rate

BOSTON -- The new Strategy Analytics study, "Automotive Sensor Demand Forecast 2004 to 2013," predicts that the market for automotive sensors will reach $11.2 billion in 2007, a year-on year growth of 10.7%, showing that

Light vehicle production is expected to grow at a CAGR (Compound Annual Growth Rate) of 3.6 percent over the period 2005 to 2010. Over the same period, Strategy Analytics expects automotive sensor revenues to grow by 9.8% CAGR, as carmakers respond to tightening environmental, fuel mileage and safety legislation as well as consumer expectations, by introducing electronically controlled innovations for enhanced performance, comfort and convenience.

"Vehicle makers are using sophisticated electronic systems to create safer, more fuel efficient and environmentally friendly vehicles, creating demand for a higher number of sensors per vehicle," says Mark Fitzgerald, Senior Analyst, Automotive Practice.

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