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

  • Auto industry on cusp of revolutionary change
    August 7, 2012
    The automotive industry appears to be on the cusp of revolutionary change, which will be engendered by the advent of autonomous or ‘self-driving’ vehicles - and the timing may be sooner than you think, according to a new report unveiled by KPMG and the Centre for Automotive Research (CAR).
    Read More
  • US DOTs introduce measures to stop wrong-way driving
    March 28, 2018
    Wrong-way driving (WWD) is a remarkably innocuous term for incidents that all too often cause some of the worst accidents that emergency services have to deal with. Several US states are now taking steps to minimise the problem, as Alan Dron finds out. You’re driving down a highway at night when you see approaching headlights. You initially assume they are merely those of an oncoming car on the opposite carriageway. It’s only when they are within 200 yards or so that you realise that the other driver is in
    Read More
  • Transit’s Covid clean-up operation
    August 24, 2021
    The onset of Covid-19 saw ridership on public transport slump drastically. How will the organisations that provide these essential services persuade customers back on board?
    Read More
  • Transportation systems, analytics market to reach US$57.46 billion by 2018’
    January 17, 2014
    A new study by MarketsandMarkets predicts that the global transportation analytics and system market is expected to grow from US$28.09 billion in 2013 to US$57.46 billion by 2018, at an estimated compound annual growth rate (CAGR) of 15.4 per cent from 2013 to 2018. Major players in the transportation systems and analytics market are Cellint, Cubic Corporation, Deltion, Garmin, IBM, Inrix, Kapsch, Kewill, Oracle, Qualcomm, Ryder Systems, Thales, Tomtom and Traffic Master. The recent trend in the indus
    Read More

Highlighted Content