Provided by BIS Research
The perpetually growing automotive industry is a vast and wide industry, with various sub-industries, which are growing with the automotive industry. With the rising population and an increase in the income of the middle-class population, the sales of vehicles have escalated rapidly. The constantly changing consumer preferences have paved the way for new technologies and features to be integrated into the automobile system. Besides this, factors such as growing focus towards driver safety, environmental concerns, and stringent government regulations focusing towards crash avoidance rather than crash survival have also helped in the innovation in the automotive industry.
The integration of sensors in the automobiles has been revolutionary as they have helped in improving fuel-efficiency and ensuring vehicle safety. Since their inception, sensors have undergone rapid technological advancement in communication capabilities, electronic control systems, and size. The automotive industry has developed micro-controller platforms that are easy to use and is continuously developing new products which have paved the way for newer application and lowered the cost of automotive sensors. Such factors have immensely helped the automotive sensors in widening their application areas.
This technological advancement in the automotive sensors industry has led to the advent of new sensors such as LiDARs, radars, cameras, and ultrasonic sensors, among others. Among these, MEMS based sensors are comparatively new to the market, but they offer a wide range of advantages over the conventional sensors. Furthermore, the increased market penetration of sensors such as LiDAR, radar, cameras, and ultrasonic, have certainly enhanced the global growth of the market. These advantages are pushing the market towards a healthy growth with a rapid rate.
According to a new market research report by BIS Research, titled ‘Global Automotive Sensors Market - Analysis and Forecast: 2017-2021', the global automotive sensors market is estimated to reach $25.56 billion by 2021, growing at a CAGR of 7.6% from 2017 to 2021.
There are a number of factors acting as a stimulus for the market, such as the rising demand for luxury and mid-size cars, increasing safety concerns, stringent governmental regulations, rising collaborations between key market players and the increasing number of OEMs. In addition to these factors, the increasing market penetration of MEMS technology and safety sensors are expected to be key factors in the future growth of the market.
This market report provides a detailed market analysis and forecast with respect to various sensors types in the automotive sensors market which are pressure, temperature, position, speed, level, the inertial sensor, and others. The report further divides the market on the basis of application, viz. powertrain, chassis, body, and safety. It highlights the key driving and restraining forces for this market, besides providing a detailed study of the different vehicles that are analyzed, which include conventional fuel vehicles (passenger and commercial) and electric vehicles (battery electric vehicle and hybrid electric vehicle).
The report also includes an exhaustive analysis of the geographical split into NAFTA (the U.S, Canada, Mexico), Europe (Germany, the U.K, France, Italy, Others), Asia-Pacific (China, Japan, South Korea, India Others), South America, and Middle East & Africa. Each geographical region analysis details the individual push and pulls forces in addition to the key players from that particular region. It also includes a separate company profile section which highlights the significant information about the key companies involved along with their financial positions, key strategies and developmental activities of recent years (2014-2017).
Some of the key players in the market are
- Robert Bosch GmbH (Germany)
- Continental AG (Germany)
- Delphi Automotive PLC (U.K)
- Denso Corporation (Japan)
- Infineon Technologies AG (Germany)
- Sensata Technologies, Inc. (U.S)
- Analog Devices, Inc. (U.S).
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