Improved Communication Capabilities Drive Global Automotive Sensors Market


Reading time ( words)

The automotive sensors market is expected to increase to $25.12 billion by 2018 at a CAGR of 8.94% over the period 2014-2020. The low cost & compact size, ecofriendly & bulk manufacturing capability, and energy efficient are the key drivers which are making the automotive sensors market to grow lucratively. Development of new applications for technologies which utilize nano and micro technology will help grow the automotive sensor market. Increased research and development in the sensor industry is creating opportunities for technological advancements that open up new horizon for sensor applications.

The major trend driving the global automotive sensor market is miniaturization and improved communication capabilities, which enables their integration into vehicles without interfering with the basic functionalities of the vehicle. The proliferation of advanced electronic control systems has made sensors more accurate, reliable, and reliable while increasing the response time, robustness, communications capabilities and efficiency. The continuous innovations and investments in research and development to meet the changing consumer preferences has led to improved fabrication techniques and enhanced sensing abilities at lower costs driving market growth. North America remains the largest market for automotive sensors market, followed by Europe and Asia Pacific. Germany leads the European market and China and Japan leads the Asia Pacific market.

The Global Automotive Sensors Market is segmented on the basis of Type (Temperature, Pressure, Speed, Level/Position, MEMS, Magnetic, Gas, and Inertial), Application (Powertrain, Body Electronics, Vehicle Security Systems, Alternative Fuel Vehicle, and Telematics), and Geography (North America, Europe, Asia Pacific, Middle East and Africa, and Latin America).

This report describes a detailed study of the Porter's five forces analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players which includes the key growth strategies, geographical footprint, and competition analysis.

The report also considers key trends that will impact the industry and profiles over 10 leading suppliers of Automotive Sensors Market. Some of the top companies mentioned in the report are Texas Instruments (U.S.), Robert Bosch GmbH (Germany), General Electric Company (U.S.), Analog Devices (U.S.), Infineon Technologies AG (Germany), Freescale semiconductor Inc. (U.S.), and Delphi Automotive PLC (U.K.) and among others.

Share

Print


Suggested Items

Burt Rutan’s Keynote: SpaceShipOne

03/02/2020 | Pete Starkey, I-Connect007
In this video clip from his presentation, Burt Rutan discusses some of his aircraft’s revolutionary flights that drew the most public attention, including SpaceShipOne, which flew three of the five manned space flights launched by man in 2004. He also explains the benefits of working with Microsoft’s Paul Allen, who agreed to fund SpaceShipOne based on a simple handshake.

Uncertainties in the Market Rise while a Bounce in NAND Flash Prices Remains Unlikely in 3Q

06/20/2019 | TrendForce
According to the latest investigations by DRAMeXchange, a division of TrendForce, demand for smartphones and servers go below expected levels in 2019 as the US-China trade dispute heats up.

NASA Awards Artemis Contract for Lunar Gateway Power, Propulsion

05/27/2019 | NASA
In one of the first steps of the agency’s Artemis lunar exploration plans, NASA announced the selection of Maxar Technologies, formerly SSL, in Westminster, Colorado, to develop and demonstrate power, propulsion and communications capabilities for NASA’s lunar Gateway.



Copyright © 2021 I-Connect007. All rights reserved.