Market Research Future published a Half Cooked research report on “Global Passenger Car Sensors Market Research Report - Forecast to 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022 .
Passenger Car Sensors Global Market – Overview
The count of sensors used in automobiles has increased significantly, owing to the increasing demand of safety and environmental concerns both from the perspective of governmental agencies and end-users. Sensors such as pressure, temperature, motion, and position sensors are used across the key end-point applications within an automobile, viz. chassis, power train, and body system. The involvement of semiconductor monoliths such as Bosch, Infineon, and Sensata among others have resulted in a highly competitive market place, raising price wars and rapid technological advancement in the global market.
The global passenger car sensor market has been largely benefiting from the changing paradigms in government regulations and end-users perspective towards enhanced safety in automobiles.
In spite of a turbulence caused by the global economic slowdown of 2008, the automotive market had gained back the pre-crisis annual growth rate in 2014. With several driving trends such as miniaturization, growing urban population, increasing environment concerns, and rising disposable income of middle-class population, the global passenger car sensor market is poised to grow at an estimated CAGR of 10.21% through the forecast period. The global passenger cars sensor market was dominated by medium end vehicles from companies such as Nissan, Hyundai, and Honda among others. While sensors from medium end vehicles has generated ample revenue in the last few years. The growing popularity of autonomous driving systems in medium and high-end vehicles are expected to significantly increase the revenue generation towards the end of the forecast period.
Moreover, the upcoming integration of semiconductor and internet of things is further expected to drive the market growth through the forecast period. Since the passenger car sensor market is directly associated to the developments in the automobile market, the revenue generation varies greatly with the geographical locations. While countries like Germany and the U.K. gain dominant share of revenue through the sales of sensors for high end luxury cars, the markets of China and Japan are led by medium end vehicles.
While safety and security features come first in passenger car operation, the performance demands (efficiency as well as comfort) by customers to increase productivity and minimize vehicle downtime are driving OEMs (Original Equipment Manufacturers) to utilize more sensors in passenger vehicles to achieve all of these important goals. Such diverse portfolio of vehicle control and management sensors helps vehicles operate safely, increase productivity and maximize vehicle uptime. Migration of safety and comfort attributes from high-end segment vehicles to mid-range vehicles, growth of new and more complex safety features and advanced driver assistance systems (ADAS) is increasing the average semiconductor content (sensor content) per vehicle.
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Robert Bosch GmbH (Germany), Continental AG (Germany), Denso Corporation (Japan), Delphi (U.K), Allegro Microsystems LLC (U.S.), Analog Devices Inc (U.S.), CTS Corporation (U.S.), Elmos Semiconductors (Germany), Infineon Technologies (Germany), Sensata Technologies (U.S.) and TRW Automotive (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Passenger Car Sensors Market.