Passenger car sensors market estimated to reach $146.5 billion by the year 2019.
Dallas, TX -- (SBWIRE) -- 09/04/2014 -- The report "Passenger Car Sensors Market by Application (Powertrain/Drivetrain, Exhaust, Interior/Comfort, DAS, & Body Control), by Sensor Type (Pressure, Temperature, Speed, O2/NOx, Position, & Others) & by Geography - Trends & Forecast to 2019", defines and segments the global passenger car sensors market with analysis and forecasting of their respective values. The Asia-Pacific market for passenger car sensors market is projected to reach $83.30 Billion by 2019.
Browse 96 market data tables and 37 figures spread through 234 pages and in-depth TOC on “Passenger Car Sensors Market - Trends & Forecast to 2019”.
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Asia-Pacific: Driving the Market
The Asia-Pacific region has been the largest contributor to the automotive industry’s growth over the past few years. The recent financial meltdowns in the developed regional markets such as Europe and North America have further intensified the focus of automotive OEMs on the region. The Asia-Pacific region was able to sustain its economy during the financial crisis and therefore has been at the forefront in terms of vehicle sales and production across the globe. The growing economy and advancements in the regulatory framework in the region has also helped the passenger car sensors market’s boom in the region. The Asia-Pacific region is expected to remain the largest market for passenger car sensors for the next five years.
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Driver-Assistance Systems: The way to the future
Safety regulations across the globe are making it mandatory for automotive OEMs to employ technologies such as ABS, ESC, and TPMS in their vehicles. This has created a huge client base for passenger car sensors manufacturers in the form of global automotive OEMs. The rising demand for driver-assistance system sensors is further intensified by the demand for these systems at the customer’s end. This segment of the market therefore provides the largest potential for the passenger car sensors manufacturers to capitalize on.
The key manufacturers of passenger car sensors are identified as Allegro (U. S.), CTS (U. S.), Robert Bosch (Germany), Delphi (U. K.) among others. These companies contribute a major share in automotive sensor market. However, the demand for the products of these companies highly depends on the automotive OEMs, and the automotive technological advancements.
The report covers passenger car sensors market based on geography (Asia-Pacific, Europe, North America, and ROW), sensor type (pressure, temperature, NOX/O2, speed, position, and others), and application type (Powertrain/drivetrain, exhaust, interior/comfort, driver assistance system, and body control).
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