LONDON, Feb. 2, 2016 /PRNewswire/ -- The Europe automotive sensors market is expected to grow to $6.67 billion by 2018 at a CAGR of 8.04% over the period 2015-2020. Europe is the second largest market in the global automotive sensors sector, and would remain to be so in the forecast period. Automotive sensors are an integral part of a vehicle, which are designed to detect, transmit, analyse, record and display vehicle performance information within the internal and external environment of the vehicle. With the increasing popularity of vehicle automation and increasing demand of connected cars around the region, the demand for automotive sensors is expected to grow significantly during the forecast period. With the amendments in the vehicle safety system in the General Safety Regulation (EC) No 661/2009, the new safety features like advanced emergency braking systems, lane departure warning systems, tire pressure management systems, driver seatbelt reminders etc. have become a mandatory for every car, van, truck, and bus sold in the EU. The adoption of such systems have paved way for the greater adoption of automotive sensors integrated extensively in such systems.
The development of automotive sensors technology such as pre-emptive technology and Conti APIA (integrated stability, collision avoidance, occupant protection) have evolved to drive the market for automotive sensors significantly in the European region. Sensors in automotive application such as emission control, battery control, night vision camera systems, occupant detection etc. witnessed an escalated growth in recent years. The continuous development in electronics sensors application and technology, along with the rising concern for safety would primarily help to fuel the growth of the former market in Europe. In addition, the increasing use of sensors in hybrid, semi-hybrid and electric cars have helped to boost the demand of automotive sensors market in Europe. Lack of aftermarket for sensors, along with the stagnant growth of luxury vehicles (which has a major application for automotive sensors) is one of the main restraints in the growth of the market for automotive sensors in Europe. However higher accuracy, self-test capabilities and the need for rapid data transmission are fuelling the trend towards more intelligent sensors, driving the demand for automotive sensors in the forecast period.
The Europe Automotive Sensors Market is segmented on the basis of Type (Temperature, Pressure, Speed, Level/Position, MEMS, Magnetic, Gas, and Inertial), Application (Powertrain, Body Electronics, Vehicle Security Systems, Alternative Fuel Vehicle, and Telematics). Automotive MEMS is expected to dominate the European automotive sensor market significantly in the forecast period. MEMS sensors are acquiring a key role in automotive infotainment and safety applications. The market for automotive MEMS devices has increased by 9% from the last 2 years, indicating the sensor penetration rates that would further grow with the growth of passenger vehicles, driven by the recovery of the economy from the economic recession in 2010. ST Microelectronics which is one of the leading manufacturers of automotive MEMS sensors have developed a huge portfolio of MEMS automotive sensors qualified according to AEC-Q100 which are also fuel-efficient. One such significant MEMS sensors are low-g 3-axis accelerometers which have advanced power-saving features and an extended temperature range that make them an ideal choice for non-critical automotive applications including telematics, navigation, infotainment and security .Powertrain and vehicle security systems would have the significant share in the Europe automotive sensor application during the forecast period.
The report also profiles the leading suppliers of Europe Automotive Sensors Market. Some of the top companies mentioned in the report are Texas Instruments (U.S.), Robert Bosch GmbH (Germany), General Electric Company (U.S.), Analog Devices (U.S.), Infineon Technologies AG (Germany), Freescale semiconductor Inc. (U.S.), ST Microtechnogy and Delphi Automotive PLC (U.K.) and others.
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