According to a Strategy Analytics study, the market for automotive sensors will reach $11.2 billion in 2007, a year-on year growth of 10.7%. Planned vehicle safety, performance, and feature enhancements are expected to drive demand for automotive sensor shipments to over 3.4 billion units worth $17.1 billion.
Light vehicle production will grow at a 3.6% CAGR over the period 2005 to 2010. Over the same period, Strategy Analytics expects automotive sensor revenues to grow by 9.8% CAGR. Carmakers will respond to tightening environmental, fuel mileage, and safety legislation by introducing electronically controlled innovations for enhanced performance, comfort, and convenience.
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