Automotive Sensors Market to Grow at 6.92% CAGR Driven by Vehicle Security, Occupant and Environment Safety
Global Automotive Sensors Market 2016-2020, 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.
Pune , India – March 23, 2016 /MarketersMedia/ —
According to the 2016 automotive sensors market report, the automotive industry has been witnessing growing consumer demand for fuel-efficiency, safety, and reduced emissions in the interests of promoting a better driving and travel experience. This is increasing the number of sensors that measure the ambient conditions within the vehicle for passenger convenience and also ensure driver comfort. Seat pressure, A/C compressor, night driving lamps, and solar radiation sensors are some of the sensors that help improve traveling experience.
Complete report on automotive sensors market spread across 90 pages, analyzing 5 major companies and providing 49 data exhibits is now available at http://www.reportsnreports.com/reports/514474-global-automotive-sensors-market-2016-2020.html.
The analysts forecast global automotive sensors market to grow at a CAGR of 6.92% during the period 2016-2020. Self-driving cars may become a reality toward the end of the forecast period. Automotive majors such as Mercedes-Benz and BMW are in advanced levels of achieving such a reality. The market acceptance of semi-autonomous vehicles has risen and this has driven the market for automotive sensors. We expect self-driving or unmanned vehicles to boost the quantum of electronic content in future vehicles and sample large volumes of data to make appropriate driving decisions.
Segmentation by area of application and analysis of the automotive sensors market – Powertrain and engine control and Chassis control
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In this market study, analysts have estimated the powertrain and engine control segment to account for more than 71% of the total market revenue by 2020. Sensors designed for powertrain and engine control are used to monitor engine cylinders, combustion, emission, crankshafts, camshafts, fuel injection, engine diagnostics, and the gearbox. The ability of these sensors to detect changes in pressure, temperature, vibration, mass flow, volume flow rate, torque, valve position, and rotational motion will lead to its augmented utilization during the predicted period.
Segmentation by sensor type of the automotive sensors market – Process sensors, Position sensors, Rotational motion sensors
During 2015, the process sensors segment accounted for more than 27% of the total market share and is anticipated to retain its hold over the market until the end of the forecast period. These sensors help to monitor temperature and pressure and are widely used across all application areas in a vehicle. Its extensive utilization for powertrain and engine control, chassis control, and applications about passenger safety and vehicle security will result in this segment’s dominant market position during the estimated period.
Competitive landscape and key vendors of automotive sensors market
This market is highly fragmented owing to the presence of a large number of established manufacturers and a significant number of small and medium-sized enterprises. The market is also characterized by the presence of well-diversified global and regional vendors. The competitive nature of this market is envisaged to intensify as more sensors enter the mass market, which is inevitable in the wake of increasing government regulations and consumer demand for automotive safety and advanced features.
Key players in the global automotive sensors market: Bosch GmbH, Continental AG, Delphi Automotive plc, DENSO Corp., and Sensata Technologies Inc.
Other prominent vendors in the market are: Avago Technologies, Bourns, CTS, Faurecia, GE Measurement & Control Solutions, Gill Sensors & Controls, Hamamatsu, Hitachi Automotive Systems Americas, Hyundai KEFICO, Infineon Technologies, Murata, NGK Spark Plug, Panasonic, Stoneridge, Takata, Tenneco, Valeo, and ZF TRW.
Further, the report states that the overall growth of the automotive sensors market will be affected due to high cost pressure on OEMs
Another related report is Global Proximity Sensor Market 2016-2020, the analysts forecast global proximity sensor market to grow at a CAGR of 7.29% during the period 2016-2020. The trend of miniaturization of electronic devices has resulted in the integration of an ambient light sensor (ALS) and a proximity sensor into a single chip, resulting in reduced board space and shorter time-to-market. An increase in factory automation has given rise to the need for collaborative robots. Browse complete report @ http://www.reportsnreports.com/reports/470963-global-proximity-sensor-market-2016-2020.html.
Key players in the global proximity sensor market: Fargo Controls, GE, Honeywell, Omron and Panasonic.
Other prominent vendors in the market are: Avago Technologies, Balluff, Eaton, Festo, IFM Electronic, Micro-Epsilon, Mouser Electronics, NXP Semiconductors, Rockwell Automation, Schneider Electric, SICK, and TURCK.
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