Research and Markets - Global Sensor Module for Automotive Market to Grow 6.08% by 2020 - Key Vendors are Continental AG, Delphi Automotive & DENSO Corp.

May 10, 2016, 06:10 ET from Research and Markets

DUBLIN, May 10, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Sensor Module for Automotive Market 2016-2020" report to their offering. 
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The global sensor module market in the automotive sector is expected to grow at a CAGR of 6.08% during the period 2016-2020. 

The demand for electric cars is increasing because of government promotions of campaigns and a decline in the cost of building electric vehicle batteries. These batteries are expected to cost less than the internal combustion engine in the coming years, thus making consumers shift toward electric cars. The prices of the batteries of electric cars fell by 35% in 2015. This could hamper the oil market and lead to a reduction in the price of sensor modules. 

According to the report, sensors help increase the safety of passengers by providing assistance to drivers. Different types of sensors are used in the automotive sector to ensure passenger safety, including anti-collision, anti-lock braking, hall-effect, image, and inertial sensors. These sensors collect data from the car and its immediate surroundings and raise an alarm in case of any expected accident or emergency. 

Further, the report states that the market is likely to face challenges in developing countries such as Latin America, Southeast Asia, and Africa due to lack of stringent crash regulations and a low level of awareness among consumers. 

Key vendors: 

  • Continental AG
  • Delphi Automotive plc
  • DENSO Corp.
  • Infineon Technologies AG
  • NXP Semiconductors

Key Topics Covered: 

PART 01: Executive summary 

PART 02: Scope of the report 

PART 03: Market 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: Market drivers 

PART 10: Impact of drivers 

PART 11: Market challenges 

PART 12: Impact of drivers and challenges 

PART 13: Market trends 

PART 14: Vendor landscape 

For more information visit http://www.researchandmarkets.com/research/t93bsc/global_sensor


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SOURCE Research and Markets