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Automotive Sensor Market Continuous Technological Advancements, Supportive Government and Environment Regulations, Increasing Vehicle Production, and Customer Preferences
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.
Among all, Infineon Technologies AG (Germany) is one of the key chip suppliers to the automotive industry and a major share holder in the global automotive sensor market. The company is engaged in the designing, developing, manufacturing and marketing of semiconductors and complete system solutions and it caters to the needs of broad spectrum of industries including; automation, automotive, consumer goods, medical equipment and power. The company was founded in year 1999, and headquartered in Neubiberg, Germany. The company focuses on the major challenges such as energy efficiency, mobility and security and also provides solution for automotive and industrial electronics and chip cards and security applications. It has its global presence and operates subsidiaries in different locations, namely: Milpitas, California, Singapore, and Japan.
Sensata Technologies (U.S.) is one of the leading suppliers of sensors and controls globally and it mainly deals in two major business segments: sensors and control products. Its products are used in various industries, namely: automotive, appliance, aircraft, industrial, military, heavy vehicle, heating, air conditioning, data, telecommunications, recreational vehicle as well as, marine applications and provideeffective and efficient products for safety, energy efficiency and environment. Sensata manufactures more than 16,000 different products and it delivers over 1 billion units each year under various brand names including Klixon, Dimensions, Airpax, Sensor-NITE, and Qinex. The company was founded in 2006, and headquartered in the U.S. The company mainly focuses on safety, energy efficiency and clean environment.From integrated manufacturing to state-of-the-art environmental practices and a full spectrum of technical and analytical services, company committed to help its customers find leading-edge technology solutions to meet today’s challenging automotive sensor and other markets needs.
For automotive sensors suppliers, Asia-Pacific markets such as China and India are the next big opportunities; hence, many companies are trying to make a strong base in this region by setting up manufacturing plants in these developing and emerging economies. Companies are also investing huge amount of money into R&D in order to differentiate their product from the competitors. The differentiated product will give a definite edge to the companies over their competitors in the highly competitive automotive sensor market. In the automotive sensors market, some other strategies adopted by these major companies to gain a competitive edge over competitors such as; new product developments, mergers, acquisitions and partnerships/collaborations/agreements.
In the global automotive sensor market continuous technological advancements, supportive government and environment regulations, increasing vehicle production, and customer preferences for more safety and comfort are some of the major driving factors responsible for the surge of the automotive sensors’ demand and for the growth of various companies active in this market. Infineon Technologies AG (Germany) and Sensata Technologies (U.S.) are among other leaders in this market who are expected to retain an impressive market share in the near future and also dedicated to their innovative solutions and expertise in the automotive sensors segment.
Automotive Sensor Market by Product (Pressure, temperature, level, speed, MEMS, oxygen, Nox), Application (powertrain, safety & control, vehicle security, alternative fuel, telematics) and Geography - Forecast & Analysis to 2013 - 2022
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