|02-11-2019 08:42 PM CET - Logistics & Transport||
The automotive market will be the fastest growing electronic systems market and its sales will have a CAGR of 5.4% from 2016 to 2021, Key Players Bosch, Beru, C-Temp, Continental, Delphi, and Honeywell
Press release from: Kenneth Research
Temperature sensing and humidity sensing are among the most important and well-established functions in automobile electronics. They are helpful in climate control and power-train applications. Automotive temperature sensors are used to measure the temperature at many places in an automobile: to measure engine temperature, engine oil temperature, exhaust gas temperature, fuel temperature, cabin temperature, etc. Humidity sensor senses, measure, and reports the moisture level in the air, the relative humidity is a vital factor in maintaining cabin comfort.
These sensors are becoming increasingly important as there is growing consciousness about environmental cost, carbon foot print, and more energy efficient systems.
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The sensor market is mostly high volume, though the technology is vital, it is often not about making a great sensor rather making 10 million sensors cheaply. So operations and cost reduction play a major role in the strategy of the temperature and humidity sensor manufacturing companies.
As the role of electronics in automobiles has grown over the last decade, the market for these sensors have grown concomitantly. Demand is rising for temperature and humidity sensors in new cars which are more oriented towards convenience and environmental features. Moreover, the automobile market will grow rapidly especially in the emerging markets like India, China, Brazil, Southeast Asia and North Africa. The automotive market will be the fastest growing electronic systems market and its sales will have a CAGR of 5.4% from 2016 to 2021.
The original equipment manufacturers of vehicles do not generally make or develop the sensors they use. The system suppliers to the OEMs do much of the coordination on development themselves. There is much opportunity for in small companies to make breakthrough in automotive vehicle sensors, there is ample room for creativity and clever application of existing technology.
The market for automotive temperature sensor can be segmented based on application - to measure engine temperature, engine oil temperature, exhaust gas temperature, fuel temperature, cabin temperature. Another possible segmentation is the technology used in the temperature or humidity sensor. For instance, there are thermistor based temperature sensors, thermocouple based temperature sensors, infrared devices, etc.
Many automobile makers are setting up their factories in the emerging markets due to low labour cost, attractive investment climate, and availability of a large market. So the demand for automotive temperature sensors will be regardless of geography. However, since there is price competition, it is strategically prudent to locate the sensor manufacturing industries close to the target market.
Bosch, Beru, C-Temp, Continental, Delphi, Honeywell
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Report Contents Regional Analysis Report Highlights
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market - Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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