About Motor Vehicle Sensor
Sensors are critical components of automobile electronic control systems, and are described as devices that convert physical quantities like pressure or acceleration into output signals that control systems use as inputs. Engine sensors are included into vehicles to ensure that the right quantity of gasoline is delivered at all times. The engine control unit keeps track of a huge number of input sensors. Sensor technology is now widely used in contemporary cars. Sensors improve people's safety on board and on the road, regulate vehicle pollutants, and improve vehicle efficiency. Different types of engine sensors utilised in modern automobiles will be discussed in this article.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States & German Players will contribute the maximum growth to Global Motor Vehicle Sensor market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Robert Bosch (Germany), Delphi Automotive (United Kingdom), Elmos Semiconductor SE (Germany), Denso Corporation (Japan), Infineon Technologies (Germany), Sensata Technologies (United States), Allegro Microsystems (United States), Analog Devices (United States), Elmos Semiconductor (Germany) and CTS Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are NXP Semiconductors (Netherlands), Hyundai Mobis (South Korea), Robert Bosch GmbH (Germany), Continental AG (Germany), TRW Automotive Holdings Corp. (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Motor Vehicle Sensor market by Type (Temperature Sensors, Image Sensors, Position Sensors, Pressure Sensors and Others), Application (Powertrain, Chassis, Exhaust, Safety & Control, Body Electronics, Telematics and Others) and Region.
On the basis of geography, the market of Motor Vehicle Sensor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Vehicle, the sub-segment i.e. Passenger Cars will boost the Motor Vehicle Sensor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution, the sub-segment i.e. Original Equipment Manufacturers (OEMs) will boost the Motor Vehicle Sensor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emergence of Advance Sensor Technologies with Improved Precision
Market Growth Drivers:
Increasing Implementation of Alternative Fuel Vehicles, Growing Electric Vehicle Sales and Stringent Safety Regulations
Challenges:
Market Penetration Across New Regions and Technological Limitations
Restraints:
High Initial Investment and Decreasing Demand for Disel Vehicles
Opportunities:
Increasing Demand Across Aisa and European Regions
Market Leaders and their expansionary development strategies
In April, 2020 - Infineon Technologies AG Acquired Cypress Semiconductor Corporation, The Acquisition of Cypress Adds to Infenion's Portfolio a Distinct Array of Microcontrollers, Networking Components, Software Ecosystems, And High-Performance Memory.
In February, 2020 - Sabic Launched Two New Additions to Its Line of Radar Absorbing “LNP STAT-KON” Compounds for Automotive Radar Sensors. The New Grades, Are Composed of Polybutylene Terephthalate (PBT) Resin, May Be Utilised with Radomes Made of PBT Material, Which Has a Higher Resistance to Automotive Chemicals. and In December, 2020 - NXP Introduced a Complete Suite of Radar Sensor Solutions that Can Surround Vehicles in a 360-degree Safety Cocoon Enabling the Identification and Classification Capabilities of Imaging Radar. From NCAP Corner To 4D Imaging Radar, New Sensor Technologies Span All Radar Segments.
Key Target Audience
Motor Vehicle Sensor Manufactures, New Entrants and Investors, Motor Vehicle Sensor Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.