Automotive sensors are big business

If you're looking for one segment of the auto supplier industry that isn't in trouble, look no further than the automotive sensor business.
Research firm Strategy Analytics predicts the automotive sensor market will pass the $10 billion mark in 2006, at an annual growth rate of 11 percent. Going forward, the market will continue to grow, both in response to environmental and safety legislation, and in support of new electronics systems for performance, comfort and convenience.

The biggest growth will be in silicon-based sensors for electronic systems, such as optical sensors for lane departure systems, and active radar sensors for intelligent cruise control and blind-spot warning systems.

We would expect the sensor market to be just the tip of an electronics iceberg for the car industry, as OEMs and suppliers integrate the sensors into new systems, driven by more complex software.

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