Impact of Covid-19 Outbreak on Automotive Electronics Sensor Market

10/giu/2020 12:28:24 Automotive Market Research Reports Contatta l'autore

Questo comunicato è stato pubblicato più di 6 mesi fa. Le informazioni su questa pagina potrebbero non essere attendibili.

The global automotive electronics sensor aftermarket market is poised to surpass USD 31,05,584.6 thousand at 4.15% CAGR over the estimated years (2018-2025). An automotive electronic sensor is used for facilitating easy decision-making resting on the data offered by different sensors which are incorporated on the cars onboard computer systems. The automotive electronics sensor also aids automotive manufacturers in making their products energy-efficient, safer and convenient.

There are ample factors that is boosting the growth of the automotive electronics sensor aftermarket market. These factors as stated by the Market Research Future (MRFR) report include increasing production of cars worldwide, stringent government regulations, increasing vehicle electrification and growing demand for automotive electronics sensor for the comfort and convenience. With the growing concern about emission norms, fuel economy and greenhouse gas emissions getting stringent in various parts of the world, strict rules laid down by the government concerning safety norms and fuel emission have helped a great deal to shape the automotive industry. This has opened doors for automotive manufacturers in using different sensors in cars for keeping a track on exhaust gases.

Market Segmentation

MRFR report offers a wide segmental analysis of the automotive electronics sensor aftermarket market on the basis of type, vehicle type and application.

Based on type, it is segmented into speed sensor, pressure sensor, position sensor, temperature sensor, LiDAR sensor, oxygen sensor and others. Of these, oxygen sensor will have the largest share in the market over the estimated years. This is owing to reduced exhaust emissions and burgeoning demand for enhanced fuel efficiency.

Based on application, the automotive electronics sensor aftermarket market is segmented into telematics, safety and control, body electronics, powertrain and others. Of these, powertrain will dominate the market over the estimated years.

Based on vehicle type, it is segmented into heavy commercial vehicle, light commercial vehicle and passenger car. Of these, passenger car will lead the market over the estimated years.

Regional Analysis

By region, the automotive electronics sensor aftermarket market covers growth opportunities and latest trends across Rest of the World, Asia Pacific, Europe and North America. Of these, APAC will have a promising growth in the market over the estimated years. This is owing to the region’s increase in car sales as sensors are utilized to measure the tire pressure monitoring system to improve the fuel efficiency, vehicle safety and engine control. Also, high automotive sales in Indonesia, Australia, South Korea, New Zealand, Japan, India and China will contribute to the market growth here. These sensors are used in different systems of an electric vehicle namely vehicle security and safety, body electronics, powertrain and chassis. Hence, the growth in electric vehicles is predicted to propel the growth of the automotive electronics sensor aftermarket market in this region. Moreover, the increasing regulations laid down by the government concerning emission and vehicle safety and the emphasis to provide electronic sensors in engine emission and advanced driver assistance system in North America and Europe are factors that are predicted to boost the automotive electronics sensor aftermarket market growth over the estimated years. The automotive electronics sensor aftermarket market in Europe will have the second major share in the market. This is owing to the presence of key electronics sensor manufacturers in this region namely Infineon Technologies AG, Continental AG, Robert Bosch Gmbh, and Valeo and offering modules and electronic sensors particularly for premium cars that will boost the demand for electronics sensor.

Key Players

Leading players profiled in the automotive electronics sensor aftermarket market include Sensata Technologies, Inc. (US), Dorman Products (US), Hella GmbH & Co. KGaA (Germany), Denso Corporation (Japan), Continental AG (Germany), Valeo (France), Delphi Technologies (UK), Robert Bosch GmbH (Germany), BorgWarner Inc. (US), NGK Spark Plug CO., LTD (Japan), and Standard Motor Products, Inc. (US).

May 2019 - Bosch has launched a new sensor box “plug-and-play” for air vehicles. The sensor suite comprises of MEMS (microelectromechanical) acceleration sensors which will record the movement of the aircraft together with built-in yaw-rate sensors which will help to track the angle of attack. Pressure sensors will measure the altitude from the barometric pressure that will help in determining the current speed of the vehicle while magnetic field sensors will measure compass headings.

blog comments powered by Disqus
Comunicati.net è un servizio offerto da Factotum Srl