The automotive sector has emerged as one of the major beneficiaries of technological advancement in sensors, and is increasingly adopting different sensor types to upgrade the existing models from the viewpoint of safety and enhanced functionality. The global automotive industry has been experiencing a period of rapid growth and profitability in the past years, opening a wide array of opportunities for modernized technological innovations.
Strategic study done by BIS Research involves market intelligence reports on: Global Automotive sensor market, automotive telematics etc.
As a result of increasing prosperity in the emerging economies, more and more people are able to afford their own cars, particularly in emerging Asian economies such as China and India. In order to tap these rising consumer automobile preferences, leading global automotive players are entering into new emerging markets for business expansion.