Automotive Sensor Market Continuous Technological Advancements, Supportive Government and Environment Regulations, Increasing Vehicle Production, and Customer Preferences markjohnson00728/20/2014 6:55:40 AM
The future demand of sensors in diverse automotive is highly dependent on advanced sensor technologies such as MEMS sensors, wireless sensors, and radar sensors. Among these technologies, MEMS (Micro-Electro-Mechanical Systems) sensors represent the most promising future. This sensor technology has the capability to change the present scenario of the automotive sensors market as we know it today. The automotive MEMS sensors are used in applications, namely chassis, Powertrain, body electronics, security and control. They are basically used to measure inertia, pressure, flow and other parameters in automotive applications.
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 where as; 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.
In automotive applications, numerous types of sensors are being used to measure the variations in physical parameters such as pressure, temperature, speed, position, and flow and then to use the signals to facilitate better control and safety in an automobile. For sensors' manufacturers, automotive sensors market is continuing to be a challenging segment mainly because of increasing demand of high performance automobiles, environmental, and government regulations regarding vehicle pollution and passenger/driver safety concerns.
The major application areas of sensors in automotive includes: powertrain, body electronics, vehicle security system, safety and control, telematics and others. Temperature sensors, pressure sensors, speed sensors, level sensors, Nox sensors, oxygen sensors, and MEMS sensors are some of the major types of sensors used in the global automotive industry. The global automotive sensors market consists of many big market players which have expertise in this particular segment. Some of the key players includes:Infineon Technologies AG (Germany), Sensata Technologies (U.S.), Asahi Kasei Corporation (Japan), Denso Corporation (Japan), Robert Bosch GmbH (Germany), and GE Measurement and Control Solutions (U.S.) are among others.
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.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.