Market Research has just published a study on the automotive sensor market, which shows that the market for this type of sensor will rise from $14.5 billion in 2011 to $20.7 billion in 2016, representing average annual growth of 7.4 % over this period.
This is rather good news after the bad patch of 2008 /2009. Between 2004 and 2009, the American, European and Japanese markets fell by 9 %, 2 % and 4 % per year respectively, while the emerging markets of Brazil, China and India grew by 14 %, 26 % and 12 % per year respectively.
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