The analysts forecast the global automotive level sensor market to grow at a CAGR of 4.13% during the period 2018-2022.
An automotive level sensor is a device that detects the level of fluids in an open or closed system. It detects changes in its immediate environment by picking stimulus changes and updates the system electronically.
One trend in the market is growing popularity of NEMS and MEMS technologies. The use of these systems has the potential of replacing macro sensors as they are most robust, accurate, reliable, and cost-effective. Consequently, the next generation of automobiles will reap the benefits of these modern technologies while contributing to the growth of the market throughout the forecast period.
One driver in the market is increasing consumers' demand for advanced features in vehicles. Consumers are increasingly interested in reducing emissions and increasing the fuel efficiency. Also, there has been an increasing demand for display of multiple pieces of information on the instrument panel leading to the rising adoption of sensors measuring the ambient conditions for ensuring driver comfort and passenger convenience.
The report states that one challenge in the market is increasing cost pressures on OEMs. In the automotive industry value chain, the OEMs absorb the liability for most of the warranty costs and price pressure from the demand side. Automotive OEMs are subject to heavy cost pressures every day due to the dynamism of the regulatory environment and demanding consumer base.
The market is divided into the following segments based on geography:
- Robert Bosch
- TE Connectivity
Key Topics Covered:
1: Executive Summary
2: Scope Of The Report
3: Research Methodology
4: Market Landscape
5: Market Sizing
6: Five Forces Analysis
7: Market Segmentation By Product
8: Customer Landscape
9: Regional Landscape
10: Decision Framework
11: Drivers And Challenges
12: Market Trends
13: Vendor Landscape
14: Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/rn8x3s/global_automotive?w=4