Deerfield Beach, FL -- (SBWIRE) -- 03/14/2017 -- New report on Automotive sensors is a device that increases engine efficiency, vehicle safety, driving comfort whilst simultaneously reducing fuel consumptions and harmful emissions. A global increase in vehicle production and technological advancements are the two primary factors that drive this market. With the introduction of electric and hybrid vehicles and advanced driver assistance systems, the global automotive sensor market would witness a boom during the forecast period. However, high repair and replacement cost coupled with unavailability of aftermarket for automotive sensor may inhibit the market growth.

Product launches, collaborations and acquisitions are the top strategies adopted by market players. In July 2014, Freescale Semiconductor launched a high-bandwidth 3-axis analog accelerometer engineered to detect ultra-high frequency motion and vibration in industrial motors and equipment. Companies profiled in this report include Asahi Kasei Corporation, Freescale Semiconductor, Analog Devices, ATI Industrial Automation, Robert Bosch Gmbh, Texas Instruments, Denso Corporation, Measurement Specialties, Infineon Technologies and Sensata Technologies.

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Based on sensor type, the market is segmented into temperature sensors, pressure sensors, speed sensors, position sensors, MEMS sensors, magnetic sensors, gas sensors, nitrogen oxide (NOx) sensors, inertial sensors and several others. Among all, MEMS will evolve as one of the most promising type of sensors in various applications including powertrain, chassis, body electronics, security and control. The application segment of this market covers powertrain, body electronics, vehicle security system, safety & control, telematics and other applications. Geographically, the market is segmented into North America, Europe, Asia Pacific and LAMEA. Asia Pacific holds the highest market share in the automotive sensor industry due to the presence of a thriving automotive vehicle manufacturing industry across Japan, South Korea, China, and India.

KEY MARKET SEGMENTS

The global automotive sensor market is segmented into type, application and geography.

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MARKET BY TYPE

Temperature sensor
Pressure sensor
Speed Sensor
Position Sensor
MEMS Sensor
Magnetic Sensor
Gas Sensor
Nitrogen Oxide(NOx) Sensor
Inertial Sensor
Others

MARKET BY APPLICATION

Powertrain
Body Electronics
Vehicle Security System
Safety & Control
Telematics
Others

MARKET BY GEOGRAPHY

North America
Europe
Asia Pacific
LAMEA

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