Press release
Growing Sense of Safety Generates Demand for Automotive Sensors
The leading players in the global automotive sensors market accounted for a magnificent share of 57.9% in 2014. These companies are Autoliv, Inc., Continental AG, Robert Bosch GmbH., and Denso Corporation and their dominance can be attributed to product innovation at an affordable pricing. Maintaining focus on core competencies through intensive research and development activities is anticipated to help other players gain prominence in the global market, observes Transparency Market Research in its new research report.Get Sample Report Copy :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=230
“The factors governing the global automotive sensors market will be emerging trends as such as electrification, connectivity, and self-driving vehicles,” says the lead author of this research report. Manufacturers will have to keep up with the fast-evolving nature of this industry by integrating latest technologies that will make driving safer and reduce the chances of accidents caused by human error.
Government Norms Play Key Role in Development of Automotive Sensors
Stringent norms pertaining to the safety of drivers have been driving the developments in the automotive sensors market over several years. Focused on safety, these sensors have come a long way from ejection of airbags to forward-collision warning systems that are predicted to change the game for drivers over the forecast period. The remarkable evolution of commonly used sensors used in vehicles such as pressure sensor, temperature sensor, gas sensor, motion sensor, and MEMS sensors has enhanced not just the safety of drivers and passengers but also improved the overall driving experience by giving the driver better control over the vehicle.
The rapid pace of technological developments and advancements has been pivotal in this transition in the automotive sensors market as it has introduced and generated a demand for upgraded sensing abilities of vehicles. Growing consumer awareness about safety and efficiency-oriented changes in the automotive industry has also created a positive impact on the automotive sensors market. The changing perspectives towards fuel economy and hybrid technology that comes with sensors for hydrogen leak detection, motor speed, current monitoring, temperature, and position will also steer the global market.
Browse Market Research Report with ToC & Free Analysis :
http://www.transparencymarketresearch.com/automotive-sensor-market.html
High Cost of Repair Deters Growth of Automotive Sensors Market
The rare chance of any malfunction in automotive sensors comes with a high repair cost. The aspect is deterring several consumers from purchasing vehicles that are equipped with state-of-the-art sensors as that would transpire into additional repair expenditure should the sensor fail or get damaged. Since OEM for vehicles have a monopoly over automotive sensors, it has created a negative sentiment pertaining to after-sales service. The limited access to automotive sensors not only puts pressure on OEMs but also makes sourcing of these sensors difficult after the sale of the vehicle.
Europe Leads Global Market due to High Consumer Awareness about Safety
The report suggests that the global automotive sensors market will represent an opportunity worth US$33.17 bn by 2021 as compared to US$20.27 bn in 2014, with the market expected to register a steady CAGR of 8.6% between 2015 and 2021. The micro-electro-mechanical (MEMS) sensors will drive the global market in top gear due to their multiple applications such as headlight leveling, inertial brake lights, automatic door locks, vehicle dynamics, accelerometer, and active suspension systems, amongst others. During the forecast period of 2015 and 2021, the MEMS sensors segment will expand at a CAGR of 8.3% to reach US$14.18 bn by 2021.
Europe held the largest share in the global automotive sensors market due to the growing awareness about vehicle safety amongst manufacturers and consumers. As the demand for driver safety increases across Europe in the coming years, it will generate a demand for automotive sensors.
About Us :
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact Us :-
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Growing Sense of Safety Generates Demand for Automotive Sensors here
News-ID: 422064 • Views: …
More Releases from TMR - Research Reports
Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2 …
According to the research report, the global pulmonary drugs market is expected to be worth US$ 28,082.1 mn by the end of 2024 as compared to US$ 48,039.7 mn in 2015. Analysts calculate that the global market will plummet at a CAGR of -6.3% during the forecast period of 2016 and 2024. The market will thrive as the demand for combination drugs is anticipated to remain on the rise during…
North America Ventricular Assist Device Market is rising to a valuation of US$ 1 …
According to TMR, the opportunity in the North America market for VADs, which stood at US$0.4 bn in 2015, is likely to expand at a healthy CAGR of 9.20% between 2016 and 2024 and increase to US$1.07 bn by the end of the forecast period. The destination therapy (DT) segment has been reporting a greater application of VADs than the other two indication segments. It is expected to remain the…
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million b …
Transparency Market Research notes that innovation and expansion into emerging regions have served these companies well in strengthening their hold in the dental membrane and bone graft substitutes market. For instance, Switzerland-based Geistlich Pharma AG - a global manufacturer and supplier of dental products and devices - expanded its operations in Sydney, Australia and New Delhi, India in 2016.
The global dental membrane and bone graft substitutes market is expected to…
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
The global human vaccines market was valued at US$28.3 bn in 2015 and is estimated to reach US$72.5 bn by 2024, registering an 11.2% CAGR during the forecast period.
By age group, pediatric vaccines accounted for a 57.5% share in the global human vaccines market in 2015. Adult vaccines, on the other hand, are expected to expand at a 13.2% CAGR from 2016 to 2024. Based on product, the pneumococcal segment…
More Releases for Transparency
transparency market research
The global Custom Antibody Market market is estimated to attain a valuation of US$1 Billion by the end of 2033, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 0.085% during the forecast period, 2023 to 2033.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading…
Transparency Market Research
A belt drive is a type of power transmission device which is a looped belt wound around a pair of pulley so as to transmit power between two or more rotating shafts. Compared to other power transmitting devices, belt drives are more preferred in mechanical industry due to easy installation, numerous speed ratio selections, less power loss and comparative low price. Belt drive protects the rotating machinery from overload fluctuations…
Transparency Market Research
An ultrasonic motor is an electric motor which is driven by the ultrasonic vibration of a component. The stator of the motor is supported by piezoelectric components in ultrasonic frequency range which produces different types of vibrations depending on its arrangement. In other words, ultrasonic motor is a type of electric motor that transforms ultrasonic physical vibrations to linear motion, produced by a piezo-transducer. Ultrasonic motors therefore do not use…
More transparency in Engineering IT
CPO certification helps evaluate openness of IT systems
Digitalization is making openness in the linking of IT solutions increasingly important. The Code of PLM Openness (CPO), developed by the ProSTEP iViP Association, supplies a concrete approach for achieving precisely that. Fraunhofer IAO has now developed an effective certification for companies, which helps them comply with the CPO criteria.
Industrie 4.0 requires intensified collaboration between various tools and systems. Only when…
eDataCenterAnalyzer Increases Transparency in Data Centers
30 June 2016. Walldorf, Germany. – fluid Operations™ AG (fluidOps), a leader in semantic technologies, today launched eDataCenterAnalyzer™, an app that increases transparency in data centers. With the launch of this app and new releases of its Smart Data Platform Information Workbench™ and cloud management app eCloudManager™, the company has set the cornerstone for the future development of its product portfolio.
eDataCenterAnalyzer combines the full functionality of Information Workbench with innovative…
Transparency across the entire process chain
Leitner Spedition implements best4log-x
• Austrian trucking company uses arvato Systems solution
• End-to-end process management provides higher efficiency
(arvato Systems) Gütersloh / Unterpremstätten – Since the beginning of 2015, the Austrian trucking company Leitner Spedition has been working with the best4log-x transport management system. This SAP-based solution from arvato Systems provides an integrated digital information flow and supports mid-sized companies in achieving a transparent process design. Controlling and Reporting have seen a…
