The Global Market for Automotive Sensors is Projected to Reach US$21.8 billion by 2020

Demand for Intelligent, Safe & Comfortable Cars Drives the Automotive Sensors Market, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Automotive Sensors. The global market for Automotive Sensors is projected to reach US$21.8 billion by 2020, driven by the growing demand for intelligent, safe & comfortable cars.

The global automotive industry is characterized by rapid developments in engineering designs, driven by changing economic, social and environmental realities. Right from the use of microprocessors in car engines in the 1960s and introduction of electronics in automobiles in the 1990s, the industry continues to evolve towards the concept of smart cars. Although the ultimate intelligent car with artificial intelligence is still a prototypical concept, several cars currently produced feature innovative smart features and functions. Automobiles of the 21st century come engineered with numerous smart features, such as, autonomous cruise control, lane departure warning system, lane departure warning system, automatic parking, advanced automatic collision notification, blind spot monitoring, traffic sign recognition abilities, automotive night vision with pedestrian detection, among others. Every sub-system of an automobile is today software controlled right from electronic power steering, four-wheel steering systems, anti-lock braking systems, occupant restraint airbag systems, power seat modules, door control, light controls, car security systems like engine immobilization, keyless remote entry to car audio, multimedia, infotainment, telematics, and navigation.

Against this backdrop, sensors represent an important component of every automobile. Types of automobile sensors widely used include crankshaft position sensors, engine sensors, oxygen sensors, throttle-position sensors, coolant sensors, manifold absolute pressure sensors, temperature sensors and speed/timing sensors, among numerous others. Especially poised to benefit the growth in demand for automobile sensors is the growing consumer preference for fuel economy, environmental benefits, low maintenance costs and on-road safety, which is resulting in engineering design changes that involve increased use of sensors. Barometric airflow and manifold airflow pressure sensors, in this regard, are finding widespread use, given their ability to maximize engine performance and significantly reduce fuel consumption. Stringent vehicular emission control standards worldwide, are driving the adoption of automotive exhaust fumes emission control sensors and oxygen sensors.

As stated by the new market research report on Automotive Sensors, Europe represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market, with a CAGR of 7.5% over the analysis period. Growth in the region is led by strong production and sales of automobiles, new government regulations mandating use of technologies that enhance safety and reduce pollution, and growing demand for luxury, full-featured cars in countries such as China and India. Sensors for car cabin comfort and Heating, Ventilation and Air Conditioning (HVAC) are expected to witness strong growth.

Major players covered in the report include Allegro MicroSystems LLC, Analog Devices, Inc., Aptina Imaging Corporation, Autoliv, Inc. Bourns, Inc., CASCO, Continental AG, CTS Corporation, Custom Sensors & Technologies, Inc., Delphi Corporation, Denso Corporation, Freescale Semiconductor, Inc., General Electric Company, Hamamatsu Photonics KK, Hamlin Electronics, Hella KGaA Hueck & Co., Hitachi Automotive Systems, Ltd., Infineon Technologies AG, Kistler Group, Melexis Microelectronic Integrated Systems, Micralyne, Inc., NGK Spark Plugs USA, Inc., NXP Semiconductors N.V., Novotechnik U.S., Inc., Omron Corporation, OSRAM Opto Semiconductors GmbH, Robert Bosch GmbH, Sensata Technologies, SSI Technologies, Inc., TRW Automotive Holdings Corp., TT electronics plc, and Valeo S.A. among others.

The research report titled “Automotive Sensors: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in US$ for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, South Korea and Rest of Asia-Pacific), Middle East and Latin America (Brazil and Rest of Latin America). Key End-Use segments analyzed in the report include Engine & Transmission, Chassis, Safety & Security, and Body applications.