Press release
Automotive Intelligence Battery Sensor Market 2018 Register at 20.24% CAGR Growth | Key Players - Continental AG, Mouser Electronics, HELLA GmbH & Co. KGaA, Inomatic GmbH, Qinuo Electronics
Market Overview:According to Market Prognosis, the Global Automotive Intelligence Battery Sensor market is accounted for $2.20billion in 2017 and is expected to reach $11.56 billion by 2026 growing at a CAGR of 20.24% during the forecast period. Rise in government concern towards the environment & significant demand for ADAS equipped vehicle are some of the key factors influencing the market growth. However, malfunctioning of the system is restricting the market growth. In addition, increasing demand for autonomous vehicles and research & development in the field of electronic components are expected to boost this market growth.
Automotive intelligence battery sensors have been observing substantial increase in its valuation. The growing CO2 emission and the escalating fuel consumption by automobiles have emerged as a matter of major concerns among people across the world. The ongoing expansion in the automotive industry is the main factor that has been propelling the growth of this market remarkably. To curb CO2 emission and for road safety, various governments have implemented strict rules and regulations, compelling automakers to install automotive intelligence battery sensors in their product, leading to a rise in their sales. The need to comply with fuel economy standards is also encouraging manufacturers to use these sensors in their vehicles.
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Amongst vehicle, the passenger vehicles segment acquired largest market share owing to factors such as the category of passenger vehicles, demand for hatchbacks, SUVs, and sedans. By Geography, Asia Pacific dominated the global market and this will hold major share of the global market. Exponential growth in the automotive sector in India, China, and Japan are expected to influence the growth of the market during the forecast period.
Top Industry Players:
Some of the key players in the global automotive intelligence battery sensor market include Continental AG, Mouser Electronics, Inc., HELLA GmbH & Co. KGaA, Inomatic GmbH, Qinuo Electronics Co. Ltd, NXP Semiconductors, AMS AG., EDN Network, Furukawa Electric Co. Ltd., Vishay Intertechnology, Robert Bosch Ltd., Denso Corp., MTA S.p.A, Abertax Technologies Ltd., and Autotec.
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Market Segments:
Technologies Covered:
• Motor Controller Unit
• Controller Area Network
• Local Interconnect Network
Vehicles Covered:
• Commercial Vehicle
• Passenger Vehicle
Electric Vehicles Covered:
• Battery Electric Vehicle
• Plug-in Hybrid Electric Vehicle
• Hybrid Electric Vehicle
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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.
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India.
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