DUBLIN, Dec. 18, 2017 /PRNewswire/ --
The "Global Automotive Sensors Market 2017-2021" report has been added to Research and Markets' offering.
The global automotive sensors market to grow at a CAGR of 7.08% during the period 2017-2021.
Global Automotive Sensors Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The number of sensors that monitor the onboard conditions in a vehicle has increased rapidly over the years. These sensors can measure many parameters such as temperature, pressure, fluid levels, speed, acceleration, and oxygen flow.
One trend in the market is advances in sensor types and emerging sensor applications. The applications of imaging sensors will proliferate with the advances in the design of sensors. The miniaturization of the sensor and lens may extend the scope of the application of cameras that detect and monitor in-car conditions. These cameras (along with image sensors) will likely detect different parameters to enhance the safety of the vehicle and its occupants.
According to the report, one driver in the market is ADAS and HMI considered prime factors of product differentiation. The gamut of consumer needs and OEM offerings has widened to include safety, performance, stability, and comfort, and these parameters are being refined and improved every day. This evolution has outgrown the utility of conventional mechanical components (which lack the capabilities to solve several emerging automotive challenges). It has also led to a surge in the growth rate of the automotive electronics market, which has far surpassed growth in the overall automotive industry. The introduction of special technological features, such as human-machine interface (HMI), is the only way to showcase product differentiation.
Further, the report states that one challenge in the market is cost pressure for sensor manufacturers. Auto OEMs are subject to high cost pressure due to the dynamism in the regulatory environment. Environmental safety standards place pressure on OEMs to find the means to comply with regulations without incurring additional costs for consumers. Controlling emissions is bound to increase the vehicle cost. According to National Automobile Dealers Association, the US CAFE standards may hike the manufacturing cost of a vehicle by $1,000. In addition, OEMs need to innovate drivetrain technologies to meet emission standards. Dynamism in standards will further affect the cost of R&D and production processes.
- Delphi Automotive
- Sensata Technologies
Other prominent vendors
- GE Measurement & Control Solutions
- Gill Sensors & Controls
- Hyundai KEFICO
- Infineon Technologies
- NGK Spark Plug
- NXP Semiconductors
- ST Microelectronics
- ZF TRW
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Application
Part 07: Market Segmentation By Vehicle Type
Part 08: Geographical Segmentation
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Key Vendor Analysis
Part 14: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/vxhrk5/global_automotive?w=5
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