Passenger Car Sensors Market Quadruples Massively By 2022

Pune, India, December, 2017/MRFR Press Release/- Market Research Future published a Half Cooked  research report on “Global Passenger Car Sensors Market Research Report - Forecast to 2022 ” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022 .

Passenger Car Sensors Global Market – Overview
The count of sensors used in automobiles has increased significantly, owing to the increasing demand of safety and environmental concerns both from the perspective of governmental agencies and end-users. Sensors such as pressure, temperature, motion, and position sensors are used across the key end-point applications within an automobile, viz. chassis, power train, and body system. The involvement of semiconductor monoliths such as Bosch, Infineon, and Sensata among others have resulted in a highly competitive market place, raising price wars and rapid technological advancement in the global market.
The global passenger car sensor market has been largely benefiting from the changing paradigms in government regulations and end-users perspective towards enhanced safety in automobiles. In spite of a turbulence caused by the global economic slowdown of 2008, the automotive market had gained back the pre-crisis annual growth rate in 2014. With several driving trends such as miniaturization, growing urban population, increasing environment concerns, and rising disposable income of middle class population, the global passenger car sensor market is poised to grow at an estimated CAGR of 10.21% through the forecast period. The global passenger cars sensor market was dominated by medium end vehicles from companies such as Nissan, Hyundai, and Honda among others. While sensors from medium end vehicles has generated ample revenue in the last few years. The growing popularity of autonomous driving systems in medium and high end vehicles are expected to significantly increase the revenue generation towards the end of the forecast period. Moreover, the upcoming integration of semiconductor and internet of things is further expected to drive the market growth through the forecast period. Since the passenger car sensor market is directly associated to the developments in the automobile market, the revenue generation varies greatly with the geographical locations. While countries like Germany and the U.K. gain dominant share of revenue through the sales of sensors for high end luxury cars, the markets of China and Japan are led by medium end vehicles.
While safety and security features come first in passenger car operation, the performance demands (efficiency as well as comfort) by customers to increase productivity and minimize vehicle downtime are driving OEMs (Original Equipment Manufacturers) to utilize more sensors in passenger vehicles to achieve all of these important goals. Such diverse portfolio of vehicle control and management sensors helps vehicles operate safely, increase productivity and maximize vehicle uptime. Migration of safety and comfort attributes from high-end segment vehicles to mid-range vehicles, growth of new and more complex safety features and advanced driver assistance systems (ADAS) is increasing the average semiconductor content (sensor content) per vehicle.

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Key Players:
Robert Bosch GmbH (Germany), Continental AG (Germany), Denso Corporation (Japan), Delphi (U.K), Allegro Microsystems LLC (U.S.), Analog Devices Inc (U.S.), CTS Corporation (U.S.), Elmos Semiconductors (Germany), Infineon Technologies (Germany), Sensata Technologies (U.S.) and TRW Automotive (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Passenger Car Sensors Market.

Industry News
Leading automotive sensor manufactures such as Bosch, Denso, and Infineon Technologies are active working to provide technologically advanced, safer and secure sensor based products for various automotive applications. For example, Denso is working towards developing two core technologies for improving passenger safety and security: “Sensing technology” that monitors the driving environment/driver/automobile condition on a real time basis; and human machine interface (HMI) technology to provide drivers with requisite video and audio content at the right time and in an easily interpreted format.
In June, 2015 - Analog Devices, Inc. introduced eight SHARC processors as part of a new, high-performance, power-efficient, real-time series that delivers peak performance greater than 24 giga-floating-point operations per second and also introduced an integrated, 4-channel, 24-GHz receiver down converter MMIC with the combination of low-noise performance, high linearity and low-power consumption. These product launches have made a major impact on the global passenger car sensors market growth.
In August, 2017 – Denso Corporation has come up with a new product launch “24-GHz submillimeter-wave rear and side radar sensor” which will improve vehicle safety system. With this product launch, the company can achieve higher growth and demand from the automotive manufacturers as the demand for sensors in passenger cars have increased.
In October, 2016 – Denso Corporation announced to improve and enhance performance of its in-vehicle vision sensors which is provided by provided by Sony Semiconductor Solutions Corporation. The major reason behind this improvement is to strengthen company’s Advanced Driver Assistant systems (ADAS) to prevent traffic accidents. In the recent years, the market for ADAS have grown on a rapid pace therefore it can be predicted that the improvement in in-vehicle sensor would be fruitful for the company as well as market growth.

Passenger Car Sensors Global Market – Segmentation
The scope of global passenger car sensor market is segmented into three major segments which are explained below:
 By Sensor Type
o Pressure
o Temperature
o Speed
o Others
 By Application
o Powertrain/ Drivetrain
o Exhaust
o Interior/Comfort
o ADAS
o Body Control
o Others
 By End Market
o OEMs
o Aftermarket

Passenger Car Sensors Global Market - Competitive Analysis
Essentially all electronic systems used in automotive industry, be it for engine management, in safety systems, or as convenience features – need one or more sensors as input to their signal processing. For instance a luxury car contains more than 100 sensors. Such a scenario and increasing demand for safety & security has led to the growth of passenger car sensor market at the CAGR of 10.21%
Initially, this market emerged as a technology-push product in a high-end model manufactured by OEMs. Later, this technology started getting recognized by public as an improvement in terms of environmental impact or passenger safety and compulsory by law (e.g. airbags). These systems and corresponding sensors are then introduced into all car classes and eventually become a high-volume product. Competition among the market players and to make a mark in the market compelled the existing and emerging market players to come up with different strategies to grow.