TechNavio’s analysts forecast the Global Automotive Sensor market to grow at a CAGR of 7.78 percent over the period 2011-2015. One of the key factors for this growth is the increasing safety concerns of end-users by automobile manufacturers and governments across the globe. The Global Automotive Sensor market has also been witnessing the rising demand for automotive electronic components by end-users for a better driving experience and safety. However, the increasing cost of automotive raw materials is acting as a barrier to the market growth.
TechNavio’s report, the Global Automotive Sensor Market 2011-2015, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Global Automotive Sensor market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. The scope of this report includes the market for the entire range of automotive sensors that is currently available in the market.