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

  • The AI revolution in transportation
    November 21, 2024
    Navigating the future of mobility means approaching AI as a powerful tool that, when wielded responsibly, can help us build transportation systems that truly serve people, says Alex Nesic
    Read More
  • Oxford University develops self-driving car
    February 18, 2013
    Oxford University scientists have developed a self-driving car system that can be installed in existing cars and can cope with snow, rain and other weather conditions. Developed by a team led by Professor Paul Newman at Oxford University, the new system has been installed in a Nissan Leaf electric car and tested on private roads around the university. The car will halt for pedestrians, and could take over the tedious parts of driving such as negotiating traffic jams or regular commutes. The car alerts the
    Read More
  • Truck digitisation and tech developments in freight ‘will boost Europe’s CV telematics market’
    January 11, 2017
    According to research by Frost & Sullivan, growth opportunities are strengthening in the commercial vehicle (CV) telematics market in Europe with the imminent arrival of value-added services such as video-based safety solutions, mobile base on-demand freight exchange platforms, and field service management solutions. While penetration of fleet management services (FMS) in large and medium fleets is relatively high, addressing challenges such as awareness, adequate training, and better business cases are key
    Read More
  • Dutch flying car successfully concludes test flights
    April 3, 2012
    Dutch company PAL-V Europe has concluded test flights of its flying car, the PAL-V (Personal Air and Land Vehicle). The patented vehicle flies in the air like a gyrocopter with lift generated by an auto-rotating rotor and forward speed is produced by a foldable push propeller on the back. On the road it drives like a sports car. No new infrastructure is required because it uses existing roads and airstrips.
    Read More

Highlighted Content