Automotive Sensors Market Analysis Study 2018 provides comprehensive information on Global Automotive Sensors. Market Size, Share, Growth, Trends and Region with Forecast to 2027. Report Automotive Sensors Market for North America, Europe, APAC and Rest of the World. Report provides Global Automotive Sensors Market by Sensor types (Temperature, Motion, Pressure, Gas, Optical), by Method (MEMS, NMEMS), by Application (Automobile, Body electronics), by Vehicle type (Heavy vehicle).
Global Automotive Sensors Market Synopsis:
The Global Automotive Sensor Market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of automotive sensors wants to grow at a rapid pace over the forecast period. 2027, which wants to see a surplus growth at a moderate CAGR during the projected period (2016-2027).
Key Players:
Analog Devices Inc. (US), Avago Technologies (CA), Bosch Sensortec (Germany), Bourns (CA), CTS Corporation (US), Denso Corporation (Japan), Gill sensors & controls (UK), Delphi automobile (UK) among others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Automotive Sensor Market.
The Automotive Sensor market is completely dependent on the automotive industry. Thus, the increasing or decreasing demand of the automotive industry has an impact on the automotive sensor market. The total four wheeler production for the year 2015 was nearly 90 million units and is expected to generate more than 100 million units by the year 2020. These results as a primary factor driving the automotive sensor market as the interiors of automobiles have gained prevalence in recent times with technological development and increasing disposable income among the consumers. Thus the growth of the automotive sensor is expected to go hand in hand with the automotive industry. Get Sample Copy of Report on Automotive Sensors Market spread across 145 pages,
The automotive industry as a whole is a capital intensive industry. The process of increasing the value of the business environment is becoming increasingly complex. Development of hybrid vehicles, aesthetic features and safety features requires constant research at a constant rate. What is expected to have in the automotive industry? a negative impact on the automotive sensor market.
In automotive industry, consumer preferences are continuously changing. Across the world, the demand for various factors as high performance, high efficiency, increased safety, and security are increasing for different automotive applications. At the same time, when it comes to the actual purchase of a vehicle, consumers prefer a model having all the above mentioned parameters but at a lower cost (price). Due to changing consumer needs across global markets, rapid technological advances are taking place in Automotive Sensor industry to introduce differentiate products. While considering the above improvements, product pricing (low cost) is given in a prominent weighting during initial development phase. This is a big challenge for the manufacturers as a lot of research and development (R &
With the global economy undergoing an unprecedented level of shift, major emerging countries such as China, India, Thailand, Indonesia and others are becoming hubs for global automotive players. As a result of increasing prosperity in emerging economies, people are increasingly declining to afford their own car, especially in emerging Asian economies such as China and India. In order to achieve rising consumer automobile preferences, leading global automotive players like Volkswagen, BMW, Toyota, and Ford are entering new emerging markets for business expansion. As the global auto-manufacturers continue to grow and grow, the demand for automotive sensors and others will rise.
Industry / Innovation / Related News:
April, 2017- Analog Devices, Inc, the leading global high-performance analog technology company, and Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, have announced that they are collaborating on a system-level 77/79 -GHz RADAR sensor demonstrator to improve Advanced Driver Assistance Systems (ADAS) applications and enable autonomous driving vehicles. The new demonstrator combines two cutting-edge technologies that include the RH850 / V1R-M microcontroller (MCU) from the Renesas autonomy Platform and ADI’s Drive360 advanced 28nm CMOS RF-to-bits technology.
December, 2012 – CTS Corporation announced the acquisition of D & R Technology (D & R), a privately-held company with annual sales of approximately $ 50 million. D & R is the leading manufacturer of custom designed sensors, switches, and electromechanical assemblies for the automotive light-vehicle market. CTS acquired D & R for approximately $ 63.5 million.
Automotive Sensor Market Segmentation:
The Global Automotive Sensor Market is segmented into the convenience of the report and enhanced understanding;
Segmentation by Sensor Type: Comprises Temperature, Motion, Pressure, Gas, Optical.
Segmentation by Method: Comprises MEMS, NMEMS
Segmentation by Application: Comprises Automobile, Body electronics
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Automotive Sensor Market Regional Analysis:
The Global Automotive Sensor, by region, has been segmented into the four major regions of North America, Europe, Asia Pacific and Rest of the World. Over the past few years, the automotive industry has flourished globally, with several emerging technologies in the market. Geographically, Asia Pacific region has been the largest market for automotive exhaust in 2016, followed by North America and Europe. Asia Pacific region has registered the fastest growing region due to the presence of emerging economies such as China, India, South Korea, and Japan. Moreover, several automotive giants have focused on this region mainly due to the abundant demand for passenger as well as commercial vehicles, and therefore have sought to expand their operations in the Asia Pacific region. By the end of the forecast year,
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