Brazil Automotive Sensors Market to Reach $0.35B by 2018
June 10, 2015 | Business WireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "Brazil Automotive Sensors Market - Growth, Trends & Forecasts (2014-2020)" report to their offering.
The Brazil automotive sensors market is expected to increase to $0.35 billion by 2018 at a CAGR of 4.96% over the period 2014-2020. The low cost & compact size, ecofriendly & bulk manufacturing capability, and energy efficient are the key drivers which are making the automotive sensors market to grow lucratively. Development of new applications for technologies which utilize nano and micro technology will help grow the Brazil automotive sensor market. Increased research and development in the sensor industry is creating opportunities for technological advancements that open up new horizon for sensor applications.
The major trend driving the Brazil automotive sensor market is miniaturization and improved communication capabilities, which enables their integration into vehicles without interfering with the basic functionalities of the vehicle. New product launch has been the most preferred growth strategy for capturing strong market share in the automotive sensor market. The product launches are aimed to cater to the specific applications like automotive and aerospace and defense. This has been the strategy of market leaders, as well as the emerging companies. A large number of partnerships, collaborations, and agreements among the companies to strengthen their distribution channels have helped the companies to combine their strengths and complement the weaknesses.
Suggested Items
Absolute EMS Successfully Recertifies ISO 9001:2015 and AS9100 Standards
03/26/2024 | Absolute EMS, Inc.Absolute EMS, Inc., an award-winning EMS provider of turnkey contract manufacturing services, is proud to announce the successful recertification of its ISO 9001:2015 and AS9100 Rev D SAE International Aerospace Standards.
Arlon EMC Receives IPC-4101 QPL Recertification
03/20/2024 | Arlon Electronic MaterialsArlon Electronic Materials has successfully completed an intensive two-day recertification audit by IPC Validation Services that examined Arlon’s manufacturing processes and testing procedures to assure that they are in conformance to the requirements of IPC-4101E-WAM1, the Specification for Base Materials for Rigid and Multilayer Printed Boards.
Northrop Grumman Honors Suppliers for Excellence
03/14/2024 | Northrop GrummanNorthrop Grumman Corporation honored more than 70 suppliers for their outstanding contributions in 2023. In an annual recognition event, the companies included women-, minority- and veteran-owned small businesses as well as those operating in underdeveloped areas.
Cicor Acquires TT Electronics IoT Solutions
03/04/2024 | Cicor Technologies Ltd.The Cicor Group has signed an agreement to acquire TT Electronics IoT Solutions Ltd, with three production sites in the UK and China.
AEM, Texas Aerospace Technologies Bolster Partnership for Latin America
02/26/2024 | AEM Corp.Canadian avionics manufacturer, Anodyne Electronics Manufacturing Corp. (AEM), is pleased to announce a partnership expansion with Texas Aerospace Technologies, a subsidiary of Texas Aerospace Services, to add AEM’s new MTP136D modern panel-mount P25 VHF FM Forest Service radio to its lineup of product offerings for their Latin American customers.