Press release
Automotive Sensors Market Top Key Players - Bosch GmbH, Delphi Automotive, Denso Corporation, Valeo Pvt Ltd, Continental AG, Infineon Technologies
Sensors monitor vehicle engines, fuel consumption and emissions, along with aiding and protecting drivers and passengers. The major factors driving the sensors market are the increased safety standards with regard to passengers and technological advancement in the segment. The development of connected car technology is seen as the important driving factor in the sensors market.
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AUTOMOTIVE SENSORS MARKET DYNAMICS
Stringent regulations from the government across the world to implement laws regarding emission standards and mandatory safety of passengers are expected to drive the market. The introduction of different Advanced Driver Assistance System (ADAS) sensors such as LiDAR and Ultrasonic sensor has been massive technological advancements propelling the sensors market.
AUTOMOTIVE SENSORS MARKET SEGMENTATION
By Type
• Temperature Sensors
• Position Sensors
• Speed Sensors
• Pressure Sensors
• Gas Sensors
• Safety Sensors
• Magnetic Sensors
• Image Sensors
By Application
• Powertrain
• Safety & Control
• Telematics
• Exhaust
• Chassis
By Technology
• Micro-Electromechanical System (MEMS)
• Non-MEMS
By Vehicle Type
• Passenger Cars
• Commercial Vehicles
• 2-Wheeled Vehicles
By Distributor Channel
• Aftermarket
• OEM
By Geography
• US
• Europe
• China
• India
• ROW
US AUTOMOTIVE SENSORS MARKET
US market holds the major chunk of share in the global market. The stringent regulations regarding driver’s safety and the constant R&D investment on automation in driving are driving the US market.
EUROPE AUTOMOTIVE SENSORS MARKET
Europe’s move to make 9 driver safety requirements to be mandatory by 2022 will potentially boost the sensors supporting ADAS application in passenger cars. In the presence of major automotive sensors manufacturers, Europe holds considerable share in the market.
CHINA AUTOMOTIVE SENSORS MARKET
China with highest population of electric passenger vehicles will drive the sensors market as they need more sensors than traditional vehicle as the telematics in EV demand more sensors.
INDIA AUTOMOTIVE SENSORS MARKET
Indian government has mandated the implementation of features of ADAS in passenger vehicles in July 2019, also for the commercial vehicles by end of April 2020. This will drive the automotive sensors market penetration in commercial vehicles segment too.
RECENT PARTNERSHIPS
• Infineon Technologies has completed acquisition of California based Cypress Semiconductor helping Infineon to expand its reach to ADAS components.
• Minda Industries from India is to partner with US based Sensata Technology to develop wheel speed sensors in India and South Korea.
NEW LAUNCHES
• Veoneer Swedish auto-tech provider with the help of FLIR systems is incorporating the thermal sensing cameras in level 4 autonomous vehicle.
• JK Tyre has launched Treel Sensors, a Tyre Pressure Monitoring System (TMPS) one of the first high-tech moves towards ‘smart tyre’ in Indian market.
• Nikon in a partnership with US based Velodyne Lidar, has started mass production of Lidar sensors for the latter.
COMPETITIVE LANDSCAPE
Some of the major players in the automotive sensors sector are Bosch GmBH (Germany), Continental AG (Germany), Delphi Automotive (UK), Infineon Technologies (Germany), STMicroelectronics (Switzerland) and Denso Corporation (Japan).
COMPANY PROFILE
Bosch GmbH
Delphi Automotive
Denso Corporation
Valeo Pvt Ltd
Continental AG
Infineon Technologies
STMicroelectronics
Sensata Technologies
Texas Instruments
Read More Information: https://mobilityforesights.com/product/global-automotive-sensors-market/
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