The report forecasts the global automotive biosensors market to grow at a CAGR of 18.62% during the period 2016-2020.
A biosensor consists of a bio-response recognition component. It can be referred to as a bio-component with a transducer that converts a biological response into an electrical signal, which is then amplified, processed, and displayed on the display unit. The combination of the bio-component and the transducer is referred to as the biosensor.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one of the key drivers for market growth will be growing maturity of biosensing technologies and increased acceptance in clinical application industry. Biosensors have been widely adopted in the clinical applications segment for monitoring the body's vital signs. It is thus considered a major technological breakthrough in the healthcare industry. The accuracy and efficacy proven in this shall lead to the gradual maturity of the technology in this vertical. This will have a positive impact on the biosensors usage for automotive applications. Similarly, the wider adoption of wearable healthcare devices is yet to reach its full potential. We infer that the impact of biosensors in automotive applications should be felt positively.
Further, the report states that the author views the biosensor products' (current) high-cost as a major challenge.
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Geographical segmentation
PART 07: Market drivers
PART 08: Market challenges
PART 09: Market trends
PART 10: Vendor landscape
PART 11: Key vendor analysis
PART 12: Appendix
For more information on this topic, check out the Pharmaceuticals and Healthcare section of the Research and Markets' blog.
For more information about this report visit http://www.researchandmarkets.com/research/zl3bk5/global_automotive