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

  • Connected car market expected to reach US$131.9 billion in 2019
    February 3, 2014
    The latest report from Transparency Market Research, “Connected Car Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 – 2019,” provides in depth analysis, market size estimates, market shares, and forecast covering the period 2013-2019 for the connected car market across the globe. It discusses market drivers, restraints, opportunities, and market trends. The global connected car market is primarily driven by the changing consumer preference and growing awareness about sa
    Read More
  • Travel restrictions cause ITS professionals' knowledge gap
    February 2, 2012
    Andrew Barriball once again campaigns for senior USDOT officials to see sense and lift some of the restrictions on out-of-state travel for transportation professionals. The ability to attend conferences and exhibitions is not a luxury, he says; it is a valid and cost-effective way of advancing the state of the traffic management art
    Read More
  • Congestion costs US trucking industry US$9.2 billion in 2013
    May 1, 2014
    Congestion on US Interstate highways added over US $9.2 billion in operational costs to the trucking industry in 2013, according to research released by the American Transportation Research Institute (ATRI). ATRI, the trucking industry’s not-for-profit research institute, utilised motor carrier financial data along with billions of anonymous truck GPS data points to calculate congestion delays and costs on each mile of Interstate roadway. Delay totalled over 141 million hours of lost productivity, which equ
    Read More
  • IN FOCUS: What Lidar does next
    March 16, 2023
    Automotive, tolling, robotics – outside of traffic, road safety and autonomous vehicles, what applications will move the dial in terms of Lidar during 2023? Quite a few, finds Adam Hill
    Read More

Highlighted Content