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

  • Parking management market worth US$5 billion by 2021, say researchers
    October 10, 2016
    According to a new market research report by MarketsandMarkets, the parking management market is estimated to grow from US$3.03 billion in 2016 to US$5.00 billion by 2021, at a compound annual growth rate (CAGR) of 10.6 per cent. According to the report, Parking Management Market by Software and Professional Services, by Solution (Access Control, Security & Surveillance, Fee & Revenue Management, Enforcement & Permit Management) - Global Forecast to 2021, the major forces driving the parking management m
    Read More
  • Hard shoulder running aids uniform traffic flow and safer driving
    January 23, 2012
    David Crawford detects a market for European experience. Well-established now in at least three European countries, Hard Shoulder Running (HSR) on motorways is exciting growing interest in the US. A November 2010 Report to Congress by the Federal Highway Administration (FHWA), on the Efficient Use of Highway Capacity, notes the role of HSR in the European-style Active Traffic Management (ATM) strategies now being recommended for implementation in the US where, until recently, they were virtually unknown.
    Read More
  • UK Government fast tracks driverless cars
    July 30, 2014
    UK business secretary Vince Cable has announced two new measures today that give the green light for driverless cars to take to UK roads from January 2015. UK cities can now bid for a share of a US$16.9 million competition to host a driverless cars trial. The government is calling on cities to join together with businesses and research organisations to put forward proposals to become a test location. Up to three cities will be selected to host the trials from 2015 and each project is expected to last
    Read More
  • Transport Systems Catapult boss: ‘We can’t build our way out of congestion’
    March 4, 2019
    The UK Transport Systems Catapult’s CEO Paul Campion talks to Colin Sowman about helping companies develop tomorrow’s solutions – and explains why you can never build your way to empty roads The future of mobility is going to be driven by services.” That’s the opening position of Paul Campion, CEO of the Transport Systems Catapult (TSC) – the UK government organisation set up to help boost transport-related employment and the economy. Campion was previously with IBM and describes himself as a ‘techno o
    Read More

Highlighted Content