Press release
Automotive Sensors Market 2018 Global Leaders: Bourns, Broadcom Limited, Analog Devices, Panasonic, Continental AG, Infineon Technologies AG, Denso, Delphi Automotive LLP, TRW Automotive
Market Scenario
Companies such as Analog Devices Inc. (U.S.), Broadcom Limited (U.S.), Bosch Sensortech GmBH (Germany), Denso Corporation (Japan), GE Measurement & Control Solutions (U.S.), STMicroelectronics (Switzerland), are leading providers of the automotive sensors solution in the global market. On 04 January 2018, DENSO Corporation, one of the global leading automotive supplier went into partnership with FLOSFIA Inc. to develop a next-generation power semiconductor device. With this power semiconductor devices, the company is aiming to improve the efficiency of electrified vehicles power control units and reducing the energy loss, cost, size and weight of inverters used in electrified vehicles. These semiconductors have a wide bandgap and high electric breakdown field strength, that can easily withstand high voltage applications.
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The miniaturization and rising disposable income of middle class population are factors that drive the market growth of automotive sensors. The companies are offering various types of automotive and commercial vehicle sensors which is designed to monitor the passenger compartment, the vehicle’s powertrain, emissions, speed and suspension and others. There are a numbers of application included in the automotive sensors such as measure position, exhaust temperature, angular rate, pressure, torque, flexible fuel composition, long-range distance, and ambient gas concentrations, engine oil quality, short-range distance, and others. These applications are widely used among companies as it provides the highest flexibility to meet automotive supply and quality requirements of the customers. In October 26, 2017, Cypress Semiconductor Corp announced to help Denso Corp to its latest automotive stereo vision sensor for Advanced Driver Assistance Systems to improve vehicle safety. With these secsors which uses image processing techniques to detect obstacles on road.
The global automotive sensors market is expected to grow at USD ~35 billion by the year 2023 at a CAGR of ~7%.
Automotive Sensors Market Global Market - Segmentation
• Segmentation by Types: Fluorescent Lamps, Compact Fluorescent Light (CFL), Light Emitting Diodes (LED), High Intensity, Discharge Lamps (HID) and Others
• Segmentation by Components: LED Drivers & Ballasts, Sensors, Dimmers & Switches, Microprocessor & Controllers, Wireless Receivers & Transmitters and Others
• Segmentation by Connective Technology: Wired Connectivity Technology, Wireless Connectivity Technologies
• Segmentation by Application: Residential, Commercial and Other
Key Players
Some of the prominent players in the global Automotive Sensors Market are Analog Devices Inc. (U.S.), Broadcom Limited (U.S.), Bosch Sensortech GmBH (Germany), Bourns Inc. (U.S.), Delphi Automotive LLP (U.K), Denso Corporation (Japan), GE Measurement & Control Solutions (U.S.), STMicroelectronics (Switzerland), Infineon Technologies AG (Germany), Continental AG (Germany), Micronas Semiconductor Inc. (Switzerland), Panasonic Corporation (Japan), Sensata Technologies (U.S.), TRW Automotive Inc. (U.S.), and Vishay Intertechnology, Inc. (U.S.) among others.
Automotive Sensors Market Global Market - Regional Analysis
Asia-Pacific is dominating the market of automotive sensor and also has emerged as fastest growing market. Rich manufacturing industry in China, Japan, South Korea and Taiwan and growing automotive industry in China and other regional countries are some of the major factors driving the market. Also, growing economy of the Asian countries and high consumption of commercial vehicles is helping the market growth. North America is expected to stand as second largest market due to the factors such as high per capita income and high demand for passenger vehicles in the region. Also, high development in the field of autonomous vehicles are also playing major role in the market growth. Europe on the other hand stands as third largest market for automotive sensor. Presence of key players such as BMW and others are driving the market in Europe region. Also, high presence of developed countries in the region such as Germany, France, Italy, U.K., Netherlands and others are creating huge demand commercial as well as residential vehicles.
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Intended Audience
• Automotive sensors companies
• Automotive sensors providers
• Technical universities
• System integrators
• Managed Security Service Providers
• Professional service providers
• Research and development companies
• Market research and consulting firms
• Solution providers
• Technology standards organizations
• Technology investors
• System Integrators
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