Press release
Automotive Sensor Market Incredible Possibilities, Growth with Industry Study, Detailed Analysis by (Bosch, Continental, DENSO, Delphi, Sensata, Autoliv) Global Forecast to 2025
Automotive Sensor Market
The growing demand for Automotive Sensor has provided a major boost to the Global Automotive Sensor Market as more people are shifting their preferences to this growing sector. The market is expected to keep rising at a high CAGR and reach values of high millions by the end of the forecast period of 2020 up to 2024.
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Sensors are used in powertrains to monitor position, speed, gas, pressure, and temperature. These sensors are required for efficient and safe operations of powertrains. Stringent fuel-efficiency and emission regulations formulated by governments of different countries are driving the growth of the automotive sensors market in powertrain. Gathering analog information related to pressure and temperature of automobiles for use by their digital control units is crucial to meet fuel-efficiency and emission regulations. Sensors help automobile engines in burning fuel efficiently by providing precise data to engines to optimize the fuel consumption according to requirements of the automobiles.
The global Automotive Sensor Market is primarily segmented based on Product Type, Application, End-Use Industry and Regions.
Based on Product Type, the market is divided into:
1 Temperature Sensors
2 Position Sensors
3 Inertial Sensors
4 Pressure Sensors
5 Speed Sensors
On the basis of End Use Industry, the market is split into:
1 Passenger Vehicle
2 Commercial Vehicle
Position sensors are devices that are used for position measurement in various automotive applications such as powertrain, chassis, safety & control, and among others. They can be either linear or angular. These sensors provide information to the engine control modules (ECM), which are used in vehicles for carrying out various required actions. Primary uses of position sensors include camshaft position sensing (carried out by G-sensors), crankshaft position sensing (carried out by NE sensors), and throttle position sensing, as well as fuel level and brake fluid indication
Objectives of the Study
To describe and forecast the global Automotive Sensor Market on the basis of Product Type, industry verticals, Channel and regions.
To forecast the Automotive Sensor Market size of the five main regional segments, namely North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America.
To strategically analyzesubsegments with respect to individual growth trends, future prospects, and contribution to the total market.
To provide detailed information regarding the major factors influencing the growth of the Automotive Sensor Market (drivers, restraints, opportunities, and challenges).
To analyze the opportunities in the market for stakeholders and to provide details of competitive landscape for major players.
To strategically profile key players and comprehensively analyze their core competencies and positioning.
To track and analyze competitive developments such as mergers and acquisitions, new product developments, and partnerships, agreements & collaborations in the Automotive Sensor Market.
Some of the Automotive Sensor Market manufacturers involved in the market are Bosch, Continental, DENSO, Delphi, Sensata, Autoliv, Infineon, Freescale, STMicroelectronics, Acquisitions and effective mergers are some of the strategies adopted by the Automotive Sensor Market manufacturers. New product launches and continuous technological innovations are the Automotive Sensor Market strategies adopted by the major players.
Latest Industry Updates:
On course: vehicles can continue driving in spite of altered circumstances along theroute and technical failures in the system, On board: people and goods transported on test grounds in Renningen and Aachen, As a team: six partners involved in the publicly funded project.
Renningen, Germany - Ferrying visitors from tram stop to exhibition center, supplementing public transport routes, moving containers full of packages in a logistics center: all these are possible use cases for driverless shuttles. The main thing is for them to be able to get safely from A to B - safely in both senses: reliably and without danger. This is what Project 3F, "Driverless and fault-tolerant vehicles in the low-speed range," set out to achieve, with a focus on fail-safe operation. "The aim was to develop solutions to ensure that automated shuttles can move around safely, even if a technical malfunction occurs or obstacles suddenly appear," says Steffen Knoop, project leader in research and advance engineering at Robert Bosch GmbH.
Specifically, the project team was concerned with making sure that the system does not fail completely in the event of a fault, but rather that the vehicle can continue to drive. With 4.3 million euros in funding from the German Federal Ministry of Economic Affairs, the project featured Bosch as the consortium leader and involved three other companies, a university, and a research institute: StreetScooter GmbH, RA Consulting GmbH, the FZI Research Center for Information Technology, Finepower GmbH, and RWTH Aachen University.
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Asia Pacific was a prominent market for Automotive Sensors in 2016. Among the countries in Asia Pacific, the demand was substantially high in developing countries such as China and India. These countries have been witnessing rapid increase in its population along with expansion of their overall economies, which has led to increase in disposable income. Increased spending on home interiors is fuelling the Automotive Sensor market in Asia Pacific.
There are several manufacturers of Automotive Sensors in Europe and North America. In North America, the demand for Automotive Sensors is primarily driven by the residential sector. Improved standards of living and rising usage of Automotive Sensors for flooring purpose are anticipated to drive the market in North America.
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Table of Contents:
Global Automotive Sensor Market Report 2020
1 Automotive Sensor Definition
2 Global Automotive Sensor Market Major Player Share and Market Overview
3 Major Player Automotive Sensor Business Introduction
4 Global Automotive Sensor Market Segmentation (Region Level)
5 Global Automotive Sensor Market Segmentation (Product Type Level)
6 Global Automotive Sensor Market Segmentation (Industry Level)
7 Global Automotive Sensor Market Segmentation (Channel Level)
8 Automotive Sensor Market Forecast 2020-2024
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