Flexpoint targets $20.6 billion auto sensors market

Flexpoint Sensor Systems has revealed it will target the rapidly growing market for vehicle sensors. A study by Global Industry Analysts projects growth in the global sensors market to top US$20.6 billion by 2017. The report singles out safety and comfort applications for particularly strong growth, two areas in which Flexpoint’s bend sensor technology is currently in advanced-stage testing and product placement.
June 15, 2012 Read time: 1 min
5929 Flexpoint Sensor Systems has revealed it will target the rapidly growing market for vehicle sensors. A study by Global Industry Analysts projects growth in the global sensors market to top US$20.6 billion by 2017. The report singles out safety and comfort applications for particularly strong growth, two areas in which Flexpoint’s bend sensor technology is currently in advanced-stage testing and product placement.

"We're only scratching the surface of the potential applications for our bend sensor technology in the auto industry," Clark Mower, Flexpoint president said. "We have customers who are currently working on projects spanning everything from family sedans to commercial trucks, and discovering new uses for our product along the way,"

For more information on companies in this article

Related Content

  • Hydrogen: transportation's silver bullet?
    June 22, 2021
    As the quest for carbon-neutrality becomes a key political and economic driver, everyone is on the lookout for new sources of energy - so perhaps hydrogen’s time has come
    Read More
  • Trends in automotive technology
    March 14, 2012
    Continental has become a leading player in vehicle technology and telematics. The firm’s executive board chairman Elmar Degenhart describes to Jason Barnes Continental’s views on the ‘megatrends’ of the automotive industry Strategic moves to diversify Continental’s business from rubber-related products began in the late 1990s with the acquisition of ITT Teves and its brake business. This brought on board know-how relating to the then new electronic stability control (ESC) systems which today form an import
    Read More
  • Mobile communications could revolutionise traffic management
    February 1, 2012
    Rudolf Mietzner looks at how machine-to-machine technologies and applications will affect the automotive sector in the coming years
    Read More
  • Car emissions campaigners turn sights on Renault
    November 27, 2015
    Renault's flagship Espace minivan released toxic diesel emissions 25 times over legal limits in a Swiss study, despite complying with EU tests carried out at unrealistically low engine temperatures, a German environmental group said this week. According to Reuters, the tests commissioned by the DUH group, which have not been independently verified, follow Volkswagen's admission that it used illegal ‘defeat devices’ to cheat diesel emission regulations. In a statement, Renault said it contested the fin
    Read More

Highlighted Content