Tuesday, December 06, 2011 Automotive Sensor Market Expected to Reach $20 Billion by 2016
 The revenue for the automotive sensor market is expected to grow from $14.5 billion in 2011 to $20.70 billion, according to MarketResearch.com. This growth takes into account the rising demand for TPMS (tire pressure monitoring systems) technology.
According to MarketResearch.com, “Legislation called TREAD Act in the United States has made the installation of TPMS (tire pressure monitoring systems) in all the vehicles mandatory. Government of United States has also made airbags and side airbags compulsory for passengers; which again will drive the pressure sensor market further.”
Government plays a significant role in growing of automotive sensor. Environmental regulations such as Euro 5, Euro 6 in Europe tend to limit pollution caused by road vehicles. These regulations require more complex and additional systems. This results in more electronic content in automobiles.
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