Automotive Knock Sensor Market Swot Analysis By Key Players: Robert Bosch GmbH, Continental AG, Delphi Automotive PLC
Automotive knock sensor is fastened into the engine block or cylinder head of an internal combustion engine. It is used to detect knocking in the combustion chamber of an automotive engine. Knock sensors consist of piezoelectric elements, which produce an electric signal based on vibrations caused by detonation. The engine uses this signal to retard timing when a spark knock occurs. The automotive knock sensor is located in the lower engine block, cylinder head, or intake manifold so that it can sense the vibration caused by the engine knock or detonation. The life cycle of the engine gets reduced due to the knocking of the engine or sometimes it causes engine failure. Detection of knocking and its reduction will increase the life of the engine. Passenger cars and commercial vehicle demands are increasing fueling the automotive knock sensor market over the forecast period.
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COVID-19 scenario analysis:
The global automobile sector has faced the most challenges during the COVID-19 pandemic as its production houses were shut, inventories are overflowing, and the demand declined in the market.
The production may start soon after the lockdown, but the increase in demand is expected to take some time to get back into the market, which will affect the profitability of the companies.
COVID-19 is one of the first pandemics of its kind that is forcing the automotive industry to re-think its business.
The premium segment may revive soon in the market, but it will take a long time to get back on track for the entire market after the lockdown.
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
Some of the factors that boost the development of an affordable autonomous vehicle sensor and increasing government promotion through different sources to adopt sensors are expected to spur the demand over the forecast period. However, system malfunction and high vehicle & infrastructure costs can restrain the growth of the market. Furthermore, partnerships and joint ventures of various automobile giants with LiDAR providers can create new opportunities in the automotive passenger vehicle sensor market.
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The automotive knock sensor market trends are as follows:
Development of an affordable autonomous vehicle sensor
Manufacturers have developed a more affordable product after involving in a price war among the competitors in the market. The development of more affordable radar sensors is expected to offset their sales. These price wars have led to a high level of R&D efforts, bringing the new development of affordable and technologically advanced automotive knock sensors. The low cost of these sensors is driving their increased adoption, thereby propelling the growth of the market over the forecast period.
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Increasing government promotion through different sources to adopt sensors
The government is promoting the adoption of sensors to maintain the safety of its people while driving a vehicle. In addition, customers are demanding high technology in the engine to make the vehicle more reliable with increasing demand for electric vehicle, which is been taken care of by new government regimes. The governments of many developing countries are encouraging their manufacturers and people to adopt these latest technologies, which will be beneficial for the automotive passenger vehicle sensor market over the forecast period.
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