Figure 1. Research Method Flow Chart 14
Figure 2. Breakdown of Primary Research 16
Figure 3. Bottom-up Approach and Top-down Approach for Market Estimation 18
Figure 4. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2020-2030 20
Figure 5. Global Automotive Sensor Market, 2020-2030, $ mn 23
Figure 6. Impact of COVID-19 on Business 27
Figure 7. Primary Drivers and Impact Factors of Global Automotive Sensor Market 29
Figure 8. World Autonomous Vehicle Market, 2019-2030, $ mn 32
Figure 9. World Advanced Driver Assistance Systems Market, 2019-2030, $ mn 32
Figure 10. World Electric Vehicle Market, 2019-2030, $ bn 33
Figure 11. Primary Restraints and Impact Factors of Global Automotive Sensor Market 34
Figure 12. Investment Opportunity Analysis 38
Figure 13. Porter’s Fiver Forces Analysis of Global Automotive Sensor Market 41
Figure 14. Breakdown of Global Automotive Sensor Market by Sensor Type, 2020-2030, % of Revenue 46
Figure 15. Global Addressable Market Cap in 2021-2030 by Sensor Type, Value ($ mn) and Share (%) 46
Figure 16. Global Automotive Sensor Market: Temperature Sensor, 2020-2030, $ mn 47
Figure 17. Global Automotive Sensor Market: Pressure Sensor, 2020-2030, $ mn 48
Figure 18. Global Automotive Sensor Market: Position Sensor, 2020-2030, $ mn 49
Figure 19. Global Automotive Sensor Market: Speed Sensor, 2020-2030, $ mn 50
Figure 20. Global Automotive Sensor Market: Level Sensor, 2020-2030, $ mn 51
Figure 21. Global Automotive Sensor Market: Inertial Sensor, 2020-2030, $ mn 52
Figure 22. Global Automotive Sensor Market: LiDAR Sensors, 2020-2030, $ mn 53
Figure 23. Global Automotive Sensor Market: Motion Sensors, 2020-2030, $ mn 54
Figure 24. Global Automotive Sensor Market: Gas Sensors, 2020-2030, $ mn 55
Figure 25. Global Automotive Sensor Market: Proximity Sensor, 2020-2030, $ mn 57
Figure 26. Global Automotive Sensor Market: Image Sensors, 2020-2030, $ mn 58
Figure 27. Global Automotive Sensor Market: Knock Sensor, 2020-2030, $ mn 59
Figure 28. Global Automotive Sensor Market: Force Sensor, 2020-2030, $ mn 60
Figure 29. Global Automotive Sensor Market: Torque Sensor, 2020-2030, $ mn 61
Figure 30. Global Automotive Sensor Market: Other Sensors, 2020-2030, $ mn 62
Figure 31. Breakdown of Global Automotive Sensor Market by Technology, 2020-2030, % of Sales Revenue 64
Figure 32. Global Addressable Market Cap in 2021-2030 by Technology, Value ($ mn) and Share (%) 64
Figure 33. Global Automotive Sensor Market: Micro-Electro-Mechanical Systems (MEMS), 2020-2030, $ mn 65
Figure 34. Global Automotive Sensor Market: Nano-Electro-Mechanical Systems (NEMS), 2020-2030, $ mn 66
Figure 35. Global Automotive Sensor Market: Other Technologies, 2020-2030, $ mn 67
Figure 36. Breakdown of Global Automotive Sensor Market by Function, 2020-2030, % of Sales Revenue 69
Figure 37. Global Addressable Market Cap in 2021-2030 by Function, Value ($ mn) and Share (%) 69
Figure 38. Global Automotive Sensor Market: Physical Property Sensors, 2020-2030, $ mn 70
Figure 39. Global Automotive Sensor Market: Process Variable Sensors, 2020-2030, $ mn 71
Figure 40. Global Automotive Sensor Market: Proximity & Positioning Sensors, 2020-2030, $ mn 72
Figure 41. Global Automotive Sensor Market: Chemical Property Sensors, 2020-2030, $ mn 73
Figure 42. Breakdown of Global Automotive Sensor Market by Mechanism, 2020-2030, % of Revenue 75
Figure 43. Global Addressable Market Cap in 2021-2030 by Mechanism, Value ($ mn) and Share (%) 75
Figure 44. Global Automotive Sensor Market: Capacitive Sensors, 2020-2030, $ mn 76
Figure 45. Global Automotive Sensor Market: Inductive Sensors, 2020-2030, $ mn 77
Figure 46. Global Automotive Sensor Market: Magnetic Sensors, 2020-2030, $ mn 78
Figure 47. Global Automotive Sensor Market: Optical Sensors, 2020-2030, $ mn 79
Figure 48. Global Automotive Sensor Market: Piezoelectric Sensors, 2020-2030, $ mn 80
Figure 49. Breakdown of Global Automotive Sensor Market by Application, 2020-2030, % of Revenue 82
Figure 50. Global Addressable Market Cap in 2021-2030 by Application, Value ($ mn) and Share (%) 82
Figure 51. Global Automotive Sensor Market: Powertrain, 2020-2030, $ mn 83
Figure 52. Global Automotive Sensor Market: Chassis, 2020-2030, $ mn 84
Figure 53. Global Automotive Sensor Market: Body Electronics, 2020-2030, $ mn 85
Figure 54. Global Automotive Sensor Market: Safety and Control, 2020-2030, $ mn 86
Figure 55. Global Automotive Sensor Market: Exhaust Systems, 2020-2030, $ mn 87
Figure 56. Global Automotive Sensor Market: ADAS, 2020-2030, $ mn 88
Figure 57. Global Automotive Sensor Market: Telematics, 2020-2030, $ mn 89
Figure 58. Global Automotive Sensor Market: Other Applications, 2020-2030, $ mn 90
Figure 59. Breakdown of Global Automotive Sensor Market by Vehicle Type, 2021-2030, % of Revenue 91
Figure 60. Contribution to Global 2021-2030 Cumulative Revenue by Vehicle Type, Value ($ mn) and Share (%) 92
Figure 61. Global Automotive Sensor Market: Non-electric Vehicles, 2020-2030, $ mn 93
Figure 62. Global Automotive Sensor Market: Passenger Cars, 2020-2030, $ mn 95
Figure 63. Global Automotive Sensor Market: Light Commercial Vehicles, 2020-2030, $ mn 96
Figure 64. Global Automotive Sensor Market: Heavy Commercial Vehicles, 2020-2030, $ mn 97
Figure 65. Global Automotive Sensor Market: Two-Wheelers, 2020-2030, $ mn 98
Figure 66. Global Automotive Sensor Market: Electric Vehicles (EV), 2020-2030, $ mn 99
Figure 67. Global Automotive Sensor Market: Battery Electric Vehicle (BEV), 2020-2030, $ mn 101
Figure 68. Global Automotive Sensor Market: Hybrid Electric Vehicle (HEV), 2020-2030, $ mn 102
Figure 69. Global Automotive Sensor Market: Plug-in Hybrid Electric Vehicle (PHEV), 2020-2030, $ mn 103
Figure 70. Global Automotive Sensor Market: Fuel Cell Electric Vehicle (FCEV), 2020-2030, $ mn 104
Figure 71. Breakdown of Global Automotive Sensor Market by Mode of Sales, 2020-2030, % of Revenue 105
Figure 72. Global Addressable Market Cap in 2021-2030 by Mode of Sales, Value ($ mn) and Share (%) 106
Figure 73. Global Automotive Sensor Market: OEM, 2020-2030, $ mn 107
Figure 74. Global Automotive Sensor Market: Replacement, 2020-2030, $ mn 108
Figure 75. Global Market Snapshot by Region 109
Figure 76. Geographic Spread of Worldwide Automotive Sensor Market, 2020-2030, % of Sales Revenue 110
Figure 77. Global Addressable Market Cap in 2021-2030 by Region, Value ($ mn) and Share (%) 111
Figure 78. North American Automotive Sensor Market, 2020-2030, $ mn 114
Figure 79. Breakdown of North America Automotive Sensor Market by Country, 2020 and 2030, % of Revenue 115
Figure 80. Contribution to North America 2021-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%) 116
Figure 81. U.S. Automotive Sensor Market, 2020-2030, $ mn 118
Figure 82. Canada Automotive Sensor Market, 2020-2030, $ mn 121
Figure 83. Automotive Sensor Market in Mexico, 2015-2030, $ mn 123
Figure 84. European Automotive Sensor Market, 2020-2030, $ mn 126
Figure 85. Breakdown of European Automotive Sensor Market by Country, 2020 and 2030, % of Revenue 127
Figure 86. Contribution to Europe 2021-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%) 128
Figure 87. Automotive Sensor Market in Germany, 2020-2030, $ mn 129
Figure 88. Automotive Sensor Market in UK, 2020-2030, $ mn 131
Figure 89. Automotive Sensor Market in France, 2020-2030, $ mn 133
Figure 90. Automotive Sensor Market in Spain, 2020-2030, $ mn 135
Figure 91. Automotive Sensor Market in Italy, 2020-2030, $ mn 137
Figure 92. Automotive Sensor Market in Russia, 2020-2030, $ mn 139
Figure 93. Automotive Sensor Market in Rest of Europe, 2020-2030, $ mn 141
Figure 94. Asia-Pacific Automotive Sensor Market, 2020-2030, $ mn 144
Figure 95. Breakdown of APAC Automotive Sensor Market by Country, 2020 and 2030, % of Revenue 144
Figure 96. Contribution to APAC 2021-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%) 146
Figure 97. Automotive Sensor Market in Japan, 2020-2030, $ mn 148
Figure 98. Automotive Sensor Market in China, 2020-2030, $ mn 150
Figure 99. Automotive Sensor Market in Australia, 2020-2030, $ mn 152
Figure 100. Automotive Sensor Market in India, 2020-2030, $ mn 154
Figure 101. Automotive Sensor Market in South Korea, 2020-2030, $ mn 156
Figure 102. Automotive Sensor Market in Rest of APAC, 2020-2030, $ mn 158
Figure 103. South America Automotive Sensor Market, 2020-2030, $ mn 161
Figure 104. Breakdown of South America Automotive Sensor Market by Country, 2020 and 2030, % of Revenue 161
Figure 105. Contribution to South America 2021-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%) 162
Figure 106. Automotive Sensor Market in Argentina, 2020-2030, $ mn 163
Figure 107. Automotive Sensor Market in Brazil, 2020-2030, $ mn 165
Figure 108. Automotive Sensor Market in Chile, 2020-2030, $ mn 167
Figure 109. Automotive Sensor Market in Rest of South America, 2020-2030, $ mn 169
Figure 110. Automotive Sensor Market in Middle East and Africa (MEA), 2020-2030, $ mn 171
Figure 111. Breakdown of MEA Automotive Sensor Market by Country, 2020 and 2030, % of Revenue 171
Figure 112. Contribution to MEA 2021-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%) 172
Figure 113. Automotive Sensor Market in UAE, 2020-2030, $ mn 173
Figure 114. Automotive Sensor Market in Saudi Arabia, 2020-2030, $ mn 175
Figure 115. Automotive Sensor Market in South Africa, 2020-2030, $ mn 177
Figure 116. Growth Stage of Global Automotive Sensor Industry over the Forecast Period 180
Table 1. Snapshot of Global Automotive Sensor Market in Balanced Perspective, 2020-2030 21
Table 2. Growth Rate of World Real GDP, 2017-2021 25
Table 3. Main Product Trends and Market Opportunities in Global Automotive Sensor Market 37
Table 4. Global Automotive Sensor Market by Sensor Type, 2020-2030, $ mn 45
Table 5. Global Automotive Sensor Market: Gas Sensors by Type, 2020-2030, $ mn 56
Table 6. Global Automotive Sensor Market by Technology, 2020-2030, $ mn 63
Table 7. Global Automotive Sensor Market by Function, 2020-2030, $ mn 68
Table 8. Global Automotive Sensor Market by Mechanism, 2020-2030, $ mn 74
Table 9. Global Automotive Sensor Market by Application, 2020-2030, $ mn 81
Table 10. Global Automotive Sensor Market by Vehicle Type, 2020-2030, $ mn 91
Table 11. Global Automotive Sensor Market: Non-electric Vehicles by Segment, 2020-2030, $ mn 94
Table 12. Global Automotive Sensor Market: Electric Vehicles by Type, 2020-2030, $ mn 100
Table 13. Global Automotive Sensor Market by Mode of Sales, 2020-2030, $ mn 105
Table 14. Global Automotive Sensor Market by Region, 2020-2030, $ mn 110
Table 15. Leading National Automotive Sensor Market, 2020 and 2030, $ mn 112
Table 16. North America Automotive Sensor Market by Country, 2020-2030, $ mn 115
Table 17. U.S. Automotive Sensor Market by Technology, 2020-2030, $ mn 119
Table 18. U.S. Automotive Sensor Market by Application, 2020-2030, $ mn 119
Table 19. U.S. Automotive Sensor Market by Vehicle Type, 2020-2030, $ mn 119
Table 20. Canada Automotive Sensor Market by Technology, 2020-2030, $ mn 122
Table 21. Canada Automotive Sensor Market by Application, 2020-2030, $ mn 122
Table 22. Canada Automotive Sensor Market by Vehicle Type, 2020-2030, $ mn 122
Table 23. Mexico Automotive Sensor Market by Technology, 2020-2030, $ mn 124
Table 24. Mexico Automotive Sensor Market by Application, 2020-2030, $ mn 124
Table 25. U.S. Mexico Automotive Sensor Market by Vehicle Type, 2020-2030, $ mn 124
Table 26. Europe Automotive Sensor Market by Country, 2020-2030, $ mn 128
Table 27. Germany Automotive Sensor Market by Technology, 2020-2030, $ mn 130
Table 28. Germany Automotive Sensor Market by Application, 2020-2030, $ mn 130
Table 29. Germany Automotive Sensor Market by Vehicle Type, 2020-2030, $ mn 130
Table 30. UK Automotive Sensor Market by Technology, 2020-2030, $ mn 132
Table 31. UK Automotive Sensor Market by Application, 2020-2030, $ mn 132
Table 32. UK Automotive Sensor Market by Vehicle Type, 2020-2030, $ mn 132
Table 33. France Automotive Sensor Market by Technology, 2020-2030, $ mn 134
Table 34. France Automotive Sensor Market by Application, 2020-2030, $ mn 134
Table 35. France Automotive Sensor Market by Vehicle Type, 2020-2030, $ mn 134
Table 36. Spain Automotive Sensor Market by Technology, 2020-2030, $ mn 136
Table 37. Spain Automotive Sensor Market by Application, 2020-2030, $ mn 136
Table 38. Spain Automotive Sensor Market by Vehicle Type, 2020-2030, $ mn 136
Table 39. Italy Automotive Sensor Market by Technology, 2020-2030, $ mn 138
Table 40. Italy Automotive Sensor Market by Application, 2020-2030, $ mn 138
Table 41. Italy Automotive Sensor Market by Vehicle Type, 2020-2030, $ mn 138
Table 42. Russia Automotive Sensor Market by Technology, 2020-2030, $ mn 140
Table 43. Russia Automotive Sensor Market by Application, 2020-2030, $ mn 140
Table 44. Russia Automotive Sensor Market by Vehicle Type, 2020-2030, $ mn 140
Table 45. Automotive Sensor Market in Rest of Europe by Country, 2020-2030, $ mn 142
Table 46. APAC Automotive Sensor Market by Country, 2020-2030, $ mn 145
Table 47. Japan Automotive Sensor Market by Technology, 2020-2030, $ mn 149
Table 48. Japan Automotive Sensor Market by Application, 2020-2030, $ mn 149
Table 49. Japan Automotive Sensor Market by Vehicle Type, 2020-2030, $ mn 149
Table 50. China Automotive Sensor Market by Technology, 2020-2030, $ mn 151
Table 51. China Automotive Sensor Market by Application, 2020-2030, $ mn 151
Table 52. China Automotive Sensor Market by Vehicle Type, 2020-2030, $ mn 151
Table 53. Australia Automotive Sensor Market by Technology, 2020-2030, $ mn 153
Table 54. Australia Automotive Sensor Market by Application, 2020-2030, $ mn 153
Table 55. Australia Automotive Sensor Market by Vehicle Type, 2020-2030, $ mn 153
Table 56. India Automotive Sensor Market by Technology, 2020-2030, $ mn 155
Table 57. India Automotive Sensor Market by Application, 2020-2030, $ mn 155
Table 58. India Automotive Sensor Market by Vehicle Type, 2020-2030, $ mn 155
Table 59. South Korea Automotive Sensor Market by Technology, 2020-2030, $ mn 157
Table 60. South Korea Automotive Sensor Market by Application, 2020-2030, $ mn 157
Table 61. South Korea Automotive Sensor Market by Vehicle Type, 2020-2030, $ mn 157
Table 62. Automotive Sensor Market in Rest of APAC by Country, 2020-2030, $ mn 159
Table 63. South America Automotive Sensor Market by Country, 2020-2030, $ mn 162
Table 64. Argentina Automotive Sensor Market by Technology, 2020-2030, $ mn 164
Table 65. Argentina Automotive Sensor Market by Application, 2020-2030, $ mn 164
Table 66. Argentina Automotive Sensor Market by Vehicle Type, 2020-2030, $ mn 164
Table 67. Brazil Automotive Sensor Market by Technology, 2020-2030, $ mn 166
Table 68. Brazil Automotive Sensor Market by Application, 2020-2030, $ mn 166
Table 69. Brazil Automotive Sensor Market by Vehicle Type, 2020-2030, $ mn 166
Table 70. Chile Automotive Sensor Market by Technology, 2020-2030, $ mn 168
Table 71. Chile Automotive Sensor Market by Application, 2020-2030, $ mn 168
Table 72. Chile Automotive Sensor Market by Vehicle Type, 2020-2030, $ mn 168
Table 73. MEA Automotive Sensor Market by Country, 2020-2030, $ mn 172
Table 74. UAE Automotive Sensor Market by Technology, 2020-2030, $ mn 174
Table 75. UAE Automotive Sensor Market by Application, 2020-2030, $ mn 174
Table 76. UAE Automotive Sensor Market by Vehicle Type, 2020-2030, $ mn 174
Table 77. Saudi Arabia Automotive Sensor Market by Technology, 2020-2030, $ mn 176
Table 78. Saudi Arabia Automotive Sensor Market by Application, 2020-2030, $ mn 176
Table 79. Saudi Arabia Automotive Sensor Market by Vehicle Type, 2020-2030, $ mn 176
Table 80. South Africa Automotive Sensor Market by Technology, 2020-2030, $ mn 178
Table 81. South Africa Automotive Sensor Market by Application, 2020-2030, $ mn 178
Table 82. South Africa Automotive Sensor Market by Vehicle Type, 2020-2030, $ mn 178
Table 83. Allegro MicroSystems LLC: Company Snapshot 184
Table 84. Allegro MicroSystems LLC: Business Segmentation 184
Table 85. Allegro MicroSystems LLC: Product Portfolio 185
Table 86. Allegro MicroSystems LLC: Revenue, 2017-2019, $ mn 185
Table 87. Risk Evaluation for Investing in Global Market, 2020-2030 202
Table 88. Critical Success Factors and Key Takeaways 205
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Global automotive sensor market will reach $50.92 billion by 2030, growing by 8.1% annually over 2020-2030 driven by rising electrification in automobiles, stringent environment regulations, and growing consumer demand for safety and comfort. Highlighted with 88 tables and 116 figures, this 207-page report “Global Automotive Sensor Market 2020-2030 by Sensor Type, Technology (MEMs, NEMs), Function, Mechanism, Application, Vehicle Type, Mode of Sales and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global automotive sensor market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2015-2020 and provides forecast from 2021 till 2030 with 2020 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.) In-depth qualitative analyses include identification and investigation of the following aspects: • Market Structure • Growth Drivers • Restraints and Challenges • Emerging Product Trends & Market Opportunities • Porter’s Fiver Forces The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global automotive sensor market in every aspect of the classification from perspectives of Sensor Type, Technology, Function, Mechanism, Application, Vehicle Type, Mode of Sales, and Region. Based on Sensor Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2020-2030 included in each section. Temperature Sensor Pressure Sensor Position Sensor Speed Sensor Level Sensor Inertial Sensor LiDAR Sensors Motion Sensors Gas Sensors • Oxygen (O2) Sensor • Nitrogen Oxide (NOx) Sensor • Carbon Dioxide (CO2) Sensor • Carbon Monoxide Sensor Proximity Sensor Image Sensors Knock Sensor Force Sensor Torque Sensor Other Sensors Based on Technology, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2020-2030 included in each section. • Micro-Electro-Mechanical Systems (MEMS) • Nano-Electro-Mechanical Systems (NEMS) • Other Technologies Based on Function, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2020-2030 included in each section. • Physical Property Sensors • Process Variable Sensors • Proximity & Positioning Sensors • Chemical Property Sensors Based on Mechanism, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2020-2030 included in each section. • Capacitive Sensors • Inductive Sensors • Magnetic Sensors • Optical Sensors • Piezoelectric Sensors Based on Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2020-2030 included in each section. • Powertrain • Chassis • Body Electronics • Safety and Control • Exhaust Systems • ADAS • Telematics • Other Applications Based on Vehicle Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2020-2030 included in each section. Non-electric Vehicles • Passenger Cars • Light Commercial Vehicles • Heavy Commercial Vehicles • Two-Wheelers Electric Vehicles (EV) • Battery Electric Vehicle (BEV) • Hybrid Electric Vehicle (HEV) • Plug-in Hybrid Electric Vehicle (PHEV) • Fuel Cell Electric Vehicle (FCEV) Based on Mode of Sales, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2020-2030 included in each section. • OEM • Replacement Geographically, the following regions together with the listed national/local markets are fully investigated: • APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines) • Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Turkey, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland) • North America (U.S., Canada, and Mexico) • South America (Brazil, Chile, Argentina, Rest of South America) • MEA (UAE, Saudi Arabia, South Africa) For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2020-2030. The breakdown of all regional markets by country and split of key national markets by Technology, Application, and Vehicle Type over the forecast years are also included. The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players. Specifically, potential risks associated with investing in global automotive sensor market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions. Key Players (this may not be a complete list and extra companies can be added upon request): Allegro MicroSystems LLC Analog Devices Inc. Autoliv Inc. Continental AG CTS Corporation Delphi Technologies PLC Denso Corporation Hella GmbH and Co. KGaA Infineon Technologies AG Melexis NV NXP Semiconductor N.V. ON Semiconductor Corp. Robert Bosch GmbH STMicroelectronics NV TE Connectivity Ltd. ZF Friedrichshafen (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
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