Continental (Germany) and Bosch (Germany) are the Major Players in the Powertrain Sensor Market
The global powertrain sensor market is projected to grow at a CAGR of 2.8% to reach USD 24.7 billion by 2027, from an estimated USD 19.8 billion in 2019. Factors such as increasing awareness about vehicular carbon emissions, fuel economy, and adoption of green vehicles would drive the growth of the market.
The major market players include Bosch (Germany), Continental (Germany), Aptiv (UK), Denso Corporation (Japan), NXP (Netherlands), Infineon (Germany), and Texas Instruments (US). These players have adopted various growth strategies such as partnerships, agreements, collaborations, and new product launches to expand their presence in the global market.
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Continental (Germany) is a leading player in the global powertrain sensor market. The company offers varieties of powertrain sensors to its customers. In August 2019, Continental expanded its Manesar plant in India to meet the requirements of safety technologies. The company is significantly increasing its capacity to produce speed sensors in its plant to meet the growing demand caused by recent safety and emission legislations in India. In February 2016, Continental introduced Urea Sensor for more efficient exhaust-gas aftertreatment in diesel engines. The sensors measure the level, quality, and temperature of the aqueous urea solution in the “AdBlue” tank, and ensure a lasting reduction in NOx emissions. By making an aqueous urea solution (“AdBlue” or urea solution) react with NOx in the engine exhaust, it chemically converts (“reduces”) NOx to nitrogen (N2) and water.
In the powertrain sensor market, Denso Corporation (Japan) is a major Tier I supplier. In May 2017, Denso developed the world’s first sensor to measure air/fuel ratio and NOx levels. The new sensor has been adopted for Toyota’s commercial diesel vehicles for countries outside Japan. In March 2017, Denso announced that it was using bio-polycarbonate (PC) made from starch and urethane resin extracted from castor oil in some of its products. Denso has been conducting R&D on plant-derived plastic materials based on plant molecular structures to reduce environmental impacts. Automotive exhaust gas sensors that measure the concentration of specific gases present in vehicle exhaust must have high heat resistance. Therefore, resins used in sensor control units have traditionally been expensive silicone-type resins. Denso’s newly developed urethane resin costs less than silicone resins and can withstand up to 150 °C, while significantly reducing the amount of gases produced when being melted and formed into shapes. This is the first such resin of its kind in the world.
Related Reports:
Powertrain Sensor Market by Sensor Type for ICE Vehicle (Position, Pressure, Speed, Temperature), Sensor Type for EV (Position, Temperature, Current, Voltage), Propulsion, Powertrain Subsystem, Vehicle Type, EV Type, and Region - Global Forecast to 2027
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