Global automotive knock sensor market to grow at a CAGR of 3.76% during the period 2017-2021.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is flat response knock sensor. One driver in the market is growing adoption of sensors in powertrain systems. The rising demand of consumers and increased OEM offerings have led to the widening of several parameters in the vehicles like safety, performance, stability, and comfort. The evolution of electronic components from the conventional mechanical components has refined and improved these parameters. The growth of electronics in vehicles eventually surpassed the growth of the entire automotive industry. Introducing special features in vehicles through the addition of electronic components is the only way to showcase product differentiation for sustaining the competition. It is believed that 90% of the enhanced features in any car model is possible by the addition of electronic components.
Further, the report states that one challenge in the market is cost pressures on sensor manufacturers. Automotive manufacturers undergo certain pressures as they are subjected to the dynamism of technology and the regulations by the governments. Increasing environmental and safety standards are leading to the additional cost for the manufacturers to comply with these standards regarding technologies in vehicles. Emission standards like the US CAFE standards that became effective in 2016 have increased the manufacturing cost of a vehicle by $1,000. Automotive OEMs need to invest additional costs in maintaining expenses of R&D and production because of the dynamic changes in emission standards.
- NGK Spark Plugs
Other Prominent Vendors
- Hyundai Kefico
- INZI Controls
- Standard Motor Products
- Wells Vehicle Electronics
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation by Application
Part 07: Geographical Segmentation
Part 08: Decision Framework
Part 09: Drivers and Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/md4v3n/global_automotive?w=4