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Passenger Car Sensors Market Would Register a Healthy Growth Rate During the Forecast 2021

Press Release   •   Feb 22, 2017 00:34 EST

The stringent regulations are creating space for the advanced features in passenger cars including tire pressure monitoring system, electronic stability control and occupant detection. The Original Equipment Manufacturers (OEMs) have been put on constant pressure to equip their vehicles with the advanced safety systems. North America, Japan, China and South Korea are the major countries where these regulations have been imposed. Increasing customer interest for info-travelling is increasing the demand for sensors such as GPS systems, humidity sensors and adaptive lighting sensors. However, there are some restraints associated with the passenger car sensors market including their high prices. Low penetration in the developing countries and electrification of powertrain segment are the areas of opportunity for passenger car sensor market. Introduction of ADAS is another opportunity for growth of passenger car sensors market wherein the driver safety increases to a great extent by minimizing the effects of diver’s flaws. ADAS works as a co-driver system providing situation based instructions, advice and warnings to the driver as well as information related to traffic safety norms.

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Europe was the market leader in passenger car sensors market in 2013 followed by North America. However, Asia Pacific is growing at the fastest pace due to the increasing per capita income of people in the region which is enabling them to use high end passenger cars and safety technologies. The recent financial crisis in Europe is encouraging passenger car manufacturers to focus on the emerging parts of the globe where the passenger car population in countries like China and India are increasing at a fast pace. The major companies operating in the passenger car sensors market are Robert Bosch GmbH, Continental AG, Denso Corporation, Delphi Automotive PLC, Allegro Microsystems LLC, Analog Devices Inc., CTS Corporation, Elmos Semiconductors, Infineon Technologies and TRW Automotive.

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Key geographies evaluated in this report are:

  • North America
    • U.S
    • Canada
  • Europe
    • France, Germany, Italy, Spain, and the UK
    • Eastern Europe
    • CIS
  • APAC
    • China
    • India
    • Japan
    • Australia
    • Others
  • Latin America
    • Argentina
    • Brazil
    • Others

Key features of this report

  • Drivers, restraints, and challenges shaping the Passenger Car Sensors market dynamics
  • Latest innovations and key events in the industry
  • Analysis of business strategies of the top players
  • Passenger Car Sensors market estimates and forecasts(2015 -2021)

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