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Automotive market news for January 2013

January 25, 2013

Vehicles with start/stop system and kinetic energy recuperation to charge the batteries, also known as micro-hybrids, will remain the dominant hybrid and electric vehicle type up to at least 2022, says IMS Research. The market researcher estimates that around 58 million of these vehicles will be produced in 2022 – 89% of the total hybrid and electric vehicle production market.

In a recent Frost & Sullivan market research and analysis study the market for TPMS earned revenues of over $111.7 million in 2011 and estimates this to reach $386.6 million by 2018. In 2011, only about 2.3% of vehicles in operation in Europe, or 7.1 million, were equipped with direct TPMS. This installed base is forecast to grow to 36.7 million by 2018.  In the EU, transportation laws require vehicles to have an active TPMS. As sensor batteries typically last for 6 to 10 years, this mandate will drive breakage replacements in the forecast period and end-of-battery-life replacements beyond 2018.

Provided by A Longford – PandA Europe

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From → Automotive

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