Automotive Sensor Industry is projected to reach $17.08 billion by 2020

11/gen/2016 06:40:20 IndustryARC Contatta l'autore

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Browse 85 Market Tables, 20 Figures 275 Pages and spreads through an in-depth TOC on " Automotive Sensor Industry "

Automotive Sensors are used to Enhance the safety of occupants and Increase the reliability of the vehicle. Sensors are basically the devices That transform the physical input into electrical signals as output. Automotive are equipped with sensors such as pressure sensors, temperature sensors, position sensors, speed sensors, oxygen sensors, NOx sensors and are used in automotive vehicle for passenger safety and security.

Automotive Sensor Industry Trends & Growth:

The Automotive Sensor Industry is projected to grow at a CAGR of 14.97% and reach revenue of $ 17.08 billion by 2020. Automotive Sensors Which are used in buses comprised nearly 30% in terms of volume in 2014. The overall automotive Automotive Sensors in trucks is estimated to grow at a highest CAGR of 15:45% During the forecast period 2015-2020.

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Propellants and Restraints:

  • While pricing issues, high expectations from automotive OEMs and no availability of aftermarket are the main challenges of the market, the Global Automotive Industry Sensor enjoys a various number of Driving Factors like INCREASE in electronic components in vehicles and worldwide production of such vehicles; technology developments; increased At research and development in the sensor industry is creating opportunities. Benefits of Energy Efficiency; Government Mandates and regulations sono stati acting as a strong driver for the market. Some other encouragements That the market enjoys:
  • Development in the field of 'Advance driver assistance systems' (ADAS) and hybrid and electric vehicle are showing promising the future opportunities.
  • Low Cost & Compact Size of the sensors is Gaining tremendous interest from the customers.
  • Ecofriendly & Bulk Manufacturing Capability.
  • Development of new applications for technologies Which Utilize nano and micro technology.

Automotive Sensor Industry Insights:

  • The development in automotive is progressing in a direction of protection of not only the occupants but anche the people in the surrounding. One of the examples is the inclination of the bonnet surface after such crash That the person hit by the car is protected to an extent or is less hurt.
  • The environmental concern is leading to rise in electric vehicles. This is Bringing Up innovation in battery sensors .
  • The Sensor Automotive Industry in the Americas is more than the other regions while the APAC region has the high potential for expansion of this market. The market in the Americas and APAC region are estimated to grow at a CAGR of 12.62% and 17.06% rispettivamente between 2015 and 2020.
  • Increasing demand from the end-users for improved aesthetics brings new models of vehicles into the automotive industry . This raises the need of proper allocation of sensors, Further miniaturization and development of multi-functional sensors.

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The Automotive Sensors Industry is classified into various types based ON THESE 4 factors:

  • By Application : Emission and Fuel Injection, Chassis, Engine, Powertrain, Safety & Control, Telematics and Vehicle Security
  • By Product Type: Pressure Sensors , Temperature Sensors, Level Sensors, Speed ​​Sensors, Oxygen Sensors, NOx Sensors, Position Sensors, Magnetic Sensors, Inertial Sensors, MEMS Sensors, Safety Sensors and Others.
  • By Vehicle Type: Cars, Trucks, Buses and Two-wheelers
  • By Geography: America, Europe, APAC and ROW.

The key players in The Automotive Industry Sensor includes :

  • Continental AG,
  • Delphi Automotive Systems, LLC,
  • Denso Corporation,
  • Robert Bosch GmbH and
  • TRW Automotive, Inc.

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