Dallas, TX -- (SBWIRE) -- 07/10/2014 -- According to a new market research report of "Automotive Sensor Market by Product (Pressure, temperature, level, speed, MEMS, oxygen, Nox), Application (powertrain, safety & control, vehicle security, alternative fuel, telematics) and Geography - Forecast & Analysis to 2013 - 2022", published by MarketsandMarkets, the automotive sensor market is expected to grow at a CAGR of 8.6% from 2014 to 2022 and reach $35.78 Billion in 2022.
Among all, Infineon Technologies AG (Germany) is one of the key chip suppliers to the automotive industry and a major share holder in the global automotive sensor market. The company is engaged in the designing, developing, manufacturing and marketing of semiconductors and complete system solutions and it caters to the needs of broad spectrum of industries including; automation, automotive, consumer goods, medical equipment and power. The company was founded in year 1999, and headquartered in Neubiberg, Germany. The company focuses on the major challenges such as energy efficiency, mobility and security and also provides solution for automotive and industrial electronics and chip cards and security applications. It has its global presence and operates subsidiaries in different locations, namely: Milpitas, California, Singapore, and Japan.
Sensata Technologies (U.S.) is one of the leading suppliers of sensors and controls globally and it mainly deals in two major business segments: sensors and control products. Its products are used in various industries, namely: automotive, appliance, aircraft, industrial, military, heavy vehicle, heating, air conditioning, data, telecommunications, recreational vehicle as well as, marine applications and provideeffective and efficient products for safety, energy efficiency and environment. Sensata manufactures more than 16,000 different products and it delivers over 1 billion units each year under various brand names including Klixon, Dimensions, Airpax, Sensor-NITE, and Qinex. The company was founded in 2006, and headquartered in the U.S. The company mainly focuses on safety, energy efficiency and clean environment.From integrated manufacturing to state-of-the-art environmental practices and a full spectrum of technical and analytical services, company committed to help its customers find leading-edge technology solutions to meet today’s challenging automotive sensor and other markets needs.
Browse 98 Tables and 66 Figures spread through 325 Pages combined with an in-depth TOC on "Automotive Sensor Market".
In the present automotive industry, different types of sensors are being used in areas ranging from engine performance, vehicle security to passenger safety and security in order to provide comfortable and convenient vehicle behavior. The demand for sensors is continuously growing in diverse automotive applications such as: safety and control, powertrain, body electronics, vehicle security system, alternative fuel, telematics and many others evolving and is continuously growing. The Automotive Sensor Market is triggered due to a lot of factors. For automotive sensor market, worldwide vehicle production, technology developments, customer taste and government mandates are acting as a driver whereas, pricing issues, high expectations from automotive OEM and no availability of aftermarket are acting as a restraints. The increasing demand of Advance Driver Assistance Systems (ADAS) and hybrid and electric vehicle are the future opportunities for automotive sensors.
The global Automotive Sensor Market by revenue is estimated to reach $35.78 Billion in 2022 at a CAGR of 8.6% from 2014 to 2022.
This report also covers the detailed classification of Overall Automotive Sensor Market on the basis of different product types, applications and geographies. Each sub-segment is given with extensive analysis, market size estimates, and revenue forecasts from 2014 to 2022. Detailed value chain analysis and porter's five forces analysis is also given in this report. The major product types mentioned in the report includes, temperature sensors, speed sensors, pressure sensors, oxygen sensor, MEMS sensors, magnetic sensors, inertial sensors, level/position sensors, Nox (Nitrogen Oxide) sensor, and others. The report also includes main application areas of sensors in automotives, namely, powertrain, safety and control, telematics, vehicle security system, alternative fuel, body electronics, and others. Market by geography consists of four major regions: Americas, Europe, Asia-Pacific and Rest of the World. The market is also segmented on the basis of major countries such as the U.S., Canada, the U.K., Germany, Japan, China, India, Australia and many others.
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The adaptation of MEMS technology could be a winning imperative in the automotive sensor market. In addition, government is also playing a significant role in the growthof the global automotive sensor market. For instance, environmental regulations in Europe tend to limit pollution caused by road vehicles. These regulations require more complex and additional systems which results in more electronic content.Government of the U.S. has also made passengers airbags and side airbags compulsory which again will drive the pressure sensor market further. Although, the safety regulations have provided significant sensor growth, environmental regulations have been a strong driver for the growth of the automotive sensor market worldwide.These steps from government have stimulated growth in the vehicle security industry and applications such as; antilock braking system, central locking system and the ones in comfort and convenience. Powertrain sensor is an emerging application for Asia-Pacific region and is expected to show a promising growth in coming future.
The automotive markets in countries such as; China and India require regulations to be mandated for the installation of TPMS (Tire Pressure Monitoring Systems) and such regulations are expected to surge the demand for automotive sensors in the near future. Emission control sensor demand will also grow due to increasing restrictive emissions regulations and the subsequent need for new sensor systems. Other sensors such as; ultrasonic, image, laser, and radar sensors, are about to enter the automotive sensor market on the large scale. Hence, because of all these technology developments, government and environmental regulationsand emerging automotive applications for sensors, the global automotive sensor market is certainly going to grow at a faster pace in the coming future.
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The competitive landscape section of the report provides the key strategies followed by major players and their company profiles. Market share analysis for key industry players with respect to different application and product types of automotive sensors is also given in this section. Some of the leading market players includes: Analog Devices (U.S.), ATI Industrial Automation (U.S.), Denso Corporation (Japan), Robert Bosch Gmbh (Germany), Sensata Technologies (U.S.), Asahi Kasei Corporation (Japan), Freescale Semiconductor (U.S.), Maxim Integrated (U.S.), Infineon Technologies (Germany), Measurement Specialties (U.S.), Tekscan (U.S.), Texas Instruments (U.S.), and GE Measurement and Control Solutions (U.S.), among others. The report also presents a detailed analysis of the overall Automotive Sensor Market with market dynamics (drivers, restraints and opportunities) and market size forecasts in terms of revenues and shipments for detailed sub segments of the market.
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