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Study: Auto Sensor Demand to Rise

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CLEVELAND, Ohio, Jan. 21 -- Demand for automotive sensors in the North American light-vehicle original equipment manufacturer (OEM) market will increase 10.7 percent annually to $4.5 billion in 2007, according to a study from The Freedonia Group Inc., a Cleveland-based industrial research firm. "While automotive sensor demand over the past five years experienced only moderate growth, demand is expected to accelerate rapidly over the next five years, as multiple new mandated products that feature new sensor applications are rolled out and as market-driven technology introductions accelerate,"...Read full article

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    Published: January 2004
    automotive sensorsautomotive technologiesdefenseindustrialNews & Featuresoxygen sensorsSensors & Detectors

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