DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "World Automotive Sensor Market - Opportunities and Forecast, 2014 - 2022" report to their offering.
Automotive sensors are devices that increases engine efficiency, vehicle safety, and driving comfort whilst simultaneously reducing fuel consumption and harmful emissions. A global increase in vehicle production and technological advancements are the two primary factors that drive this market. With the introduction of electric and hybrid vehicles and advanced driver assistance systems, the global automotive sensor market would witness a boom during the forecast period. However, high repair and replacement cost coupled with unavailability of aftermarket for automotive sensors may inhibit the market growth.
Based on sensor type, the market is segmented into temperature sensors, pressure sensors, speed sensors, position sensors, MEMS sensors, magnetic sensors, gas sensors, nitrogen oxide (NOx) sensors, inertial sensors and several others. Among all, MEMS will evolve as one of the most promising type of sensors in various applications including powertrain, chassis, body electronics, security and control.
The application segment of this market covers powertrain, body electronics, vehicle security system, safety & control, telematics and other applications. Geographically, the market is segmented into North America, Europe, Asia Pacific and LAMEA. Asia Pacific holds the highest market share in the automotive sensor industry due to the presence of a thriving automotive vehicle manufacturing industry across Japan, South Korea, China, and India.
Product launches, collaborations and acquisitions are the top strategies adopted by market players. In July 2014, Freescale Semiconductor launched a high-bandwidth 3-axis analog accelerometer engineered to detect ultra-high frequency motion and vibration in industrial motors and equipment.
Companies profiled in this report include Asahi Kasei Corporation, Freescale Semiconductor, Analog Devices, ATI Industrial Automation, Robert Bosch Gmbh, Texas Instruments, Denso Corporation, Measurement Specialties, Infineon Technologies and Sensata Technologies.
Automotive Sensor Markets Segmentation:
MARKET BY TYPE
- Temperature sensor
- Pressure sensor
- Speed Sensor
- Position Sensor
- MEMS Sensor
- Magnetic Sensor
- Gas Sensor
- Nitrogen Oxide(NOx) Sensor
- Inertial Sensor
MARKET BY APPLICATION
- Body Electronics
- Vehicle Security System
- Safety & Control
For more information visit http://www.researchandmarkets.com/research/bl83ng/world_automotive