About Passenger Car Sensors
The Passenger Car Sensors are able to manage the engines of automotive. Its purpose is to detect the actions of the automobiles and provide an equivalent output. Moreover, it also controls the amount of fuel being used in order to run the car engines at extreme efficiency. Passenger car sensors are commonly used in soothing the interior system of cars by giving more functions and features in the car. These sensors are normally installed on the back bumper of the car and these have an average of 60 -100 sensors on board which help in providing better comfort to the consumers. These sensors help in monitoring the system, attaining high control over machines, providing high performance and working automatically with less human efforts. Increasing consumer preference for automobiles will drive the market for passenger car sensors.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Global passenger car sensors market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Analyst at AMA Research estimates that German and United States Players will contribute the maximum growth to Global Passenger Car Sensors 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), Continental AG (Germany), Denso Global (Japan), Delphi Technologies (United Kingdom), Allegro Microsystems (United States), Analog Devices (United States), Sensata Technologies, Inc. (United States), CTS Corporation (United States), STMicroelectronics (Switzerland) and Elmos Semiconductor (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Infineon Technologies (Germany) and TRW Automotive (United States).
Segmentation Overview
AMA Research has segmented the market of Global Passenger Car Sensors market by Type (Pressure Sensors, Temperature Sensors, Speed Sensor, Position Sensor and O2 & Nox Sensor), Application (Powertrain/Drivetrain System Sensors, Exhaust System Sensors, Interior/Comfort System Sensor, Safety/Das Sensors and Body Control Sensors) and Region.
On the basis of geography, the market of Passenger Car Sensors 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 End Market, the sub-segment i.e. OEMs will boost the Passenger Car Sensors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Constant Innovation Such As Concept of Advanced Driver Assist System in the Passenger Car Sensors
Market Growth Drivers:
Increasing Growth of Automotive Industry Globally, Stringent Safety Norms, And New Car Assessment Programs for Passenger Car Sensors and Increasing Safety Concern Worldwide Among the People
Challenges:
Issues Related Between OEMs, System Manufacturers, and Automobile Manufacturers
Restraints:
Issues Related with Malfunctioning of these Sensors and High Prices of the Sensors
Opportunities:
Low Penetration in the Developing Economy, The Rise in Electrification of Powertrain in Automotive Industry and Growing Rules and Regulations about Vehicle Safety around the Globe
Market Leaders and their expansionary development strategies
In September 2017, The Company Sensirion AG Switzerland acquired AUTO INDUSTRIAL CO. LTD., which commonly is expected to expand their geographical presence and enhance its sensor business segment.
In August 2017 - Denso Corporation come up with a new product launch of 24-GHz submillimeter-wave rear and side radar sensor, which helps in improving vehicle safety system. With the launch of this product launch, the company can be able to achieve higher growth and demand from the automotive manufacturers as the demand for sensors in passenger cars have increased.
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.