What is Sensor Module for Automotive Market?
Increasing need of performance, safety, comfort and convenience are driving the market growth. Sensors are converts the physical quantities into the output signal which act as the input to control systems. The sensors such as pressure sensor, temperature, air flow sensor, and others are used in automotive. In addition more than 30 sensors systems are installed in top model of a vehicle. Over the past few years new sensors are added along with new applications such as electrically powered steering, semi active ride control and adaptive cruise control. These sensors are contributing towards the improvement of performance and safety features of the vehicle
Highlights from Sensor Module for Automotive Market Study
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Allegro Microsystems (United States), Bosch (Germany), Continental (Germany), Denso Company (Japan), Elmos Instruments (Germany), Hyundai Mobis (South Korea), Infineon Technologies (Germany), Magna International (Canada), NXP Semiconductors (Netherlands) and Panasonic Corporation (Japan) |
Infineon Technologies AG is a global semiconductor manufacturer that supplies sensor modules to the automotive industry. The company's sensor modules are used for a range of applications, including powertrain control, safety systems, and driver assistance systems. Research Analyst at AMA predicts that Germany, United States Vendors will contribute to the maximum growth of Global Sensor Module for Automotive market throughout the forecasted period.
Allegro Microsystems (United States), Bosch (Germany), Continental (Germany), Denso Company (Japan), Elmos Instruments (Germany), Hyundai Mobis (South Korea), Infineon Technologies (Germany), Magna International (Canada), NXP Semiconductors (Netherlands) and Panasonic Corporation (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Renesas Electronics (Japan), Sensata (United States), Sony Semiconductor Solutions Corporation (Japan), STMicroelectronics (Switzerland), Texas Instruments (United States), TRW Automotive (United States) and Valeo (France). Sensor Module for Automotive Market Segmentation:
Scope | Sub-Segments |
---|
Application / End User | Engine, Transmission, Steering, Suspension, Breaking and stability, Occupant safety and Others |
Type | Temperature sensor, Magnetic sensors, Pressure sensor, Knock sensor, Air flow sensor and Others |
Vehicle type | Passenger,Commercial |
Distribution channel | OEM,Aftermarket |
On the basis of geography, the market of Sensor Module for Automotive 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction of Advanced Electronic Systems
Market Growth Drivers:
Growing requirement of high accuracy systems in vehicle is driving the market. The sensors are used in anti-blocking system, vehicle stability control, radar, airbag and tire pressure monitoring systems. Moreover, the usage of semiconductor sensors is increasing and are used in engine, transmission and other applications.
Challenges:
Complexity of Electronic Systems
Restraints:
High Costs Associated with Installation of Advanced Electronic Systems
Opportunities:
Increasing Usage of Electronically Controlled Electrically Actuated Systems in Automobile and Increasing Production of Automobile
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organizations, Government Agencies and Organizations
Market Leaders & Development Strategies
In January 2018, Bosch has announced to acquire the stake in HERE. This acquisition will boost the Bosch’s services business line.
On 2nd January 2020, Bosch has announced that it is ready to start lower costs sensor production for automated drive vehicles. In addition, long range lidar which is called light detection and ranging is suitable for the use in automotive.
Sensor modules must meet various safety standards to ensure that they do not pose a risk to the driver or passengers