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The global market is estimated to grow steadily due to the end user' s growing need for smarter systems, occupant safety, environment safetyand end user's concerns about vehicle security.
Market Dynamics
Advancements in technology and its rapid adoption in connected devices are some of the factors driving marketgrowth. Other factors includes growing demand from automotive and medical device industries. Data to estimate the growth for the market is obtained via secondary sources like Automation World, Electric Energy Online, IEEE, and newsletters and whitepapers of the leading players in this market.
Sensors are used to measure the ambient conditions within vehicles to improve convenience for users and to provide comfort to customers. Sensors help to improve traveling experience along with the need to provide seat pressure, night driving lamps etc.
Market Segmentation
The market can be segmented on the basis of Technology, Applications, Sensor type and Geography.
Segmentation on the basis of technology
--> Piezoresistive
--> Capacitive Ceramic Module
--> Piezoresistivepolysilicon-on steel sensors
--> Capacitive Touch-Mode
Segmentation by Application
--> Powertrain and engine control
--> Chassis control
Analysts have estimated the powertrain and engine control segment will hold the largest share (71%) by 2020. These sensors have the ability to detect changes in pressure, temperature, vibration, mass flow, volume flow rate, torque, valve position, and rotational motion which has resulted in the utilization during the predicted period.
Segmentation by Geography:
--> North America
--> Asia Pacific
--> Middle East & Africa
--> Latin America
--> Europe
The Asia Pacific region is expected to be the largest segment in terms of geography. Emerging countries like China and India have shown growth potential which has increased the demands of car in this region.
Segmentation by Sensor Type:
--> Process sensors
--> Rotational motion sensors
--> Position sensors
The process sensors segment accounted for more than 27% of the total market share in 2015. It is estimated to hold over the market until the end of the forecast period. These sensors help to monitor temperature and pressure. These are used across all application areas in a vehicle.
Key Players
The key players in the industry are STMicroelectronics, Melexis, NXP Semiconductors, Ashcroft Inc.,Continental AG, Robert Bosch, Infineon, Analog Devices and among others.
Report Contents:
> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key Players
Regional Analysis:
> North America
>> US and Canada
> Latin America
>> Mexico, Brazil, Argentina and Rest of Latin America
> Western Europe
>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe
> Eastern Europe
>> Russia
>> Poland
>> Rest of Eastern Europe
> Asia Pacific
>> China
>> India
>> Japan
>> Australia and New Zealand
>> Rest of Asia Pacific
> Middle East and Africa
>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Report Highlights:
> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage
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