2014-01-30 06:00:03 - Global Automotive Sensors Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global Automotive Sensors market is to grow at a CAGR of 7.89 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for automotive safety systems. The Global Automotive Sensors market has also been witnessing the increasing demand for smart sensors. However, functional and operational issues could pose a challenge to the growth of this market.
Smart sensors are used in air bag safety systems in automobiles, specifically passenger cars. One of the main trends witnessed in the Global Automotive Sensors market is the increasing demand for smart sensors. Conventional air bags are not that effective in sensing accidents, whereas smart sensors can quickly sense an impending crash, its nature, the
vehicle position, and also determine the type of airbag to be used and the speed of its deployment. This helps in minimizing the injuries sustained by the passengers. Therefore, in many cars, conventional sensors are being replaced by smart sensors, leading to the growth of the smart sensors and Global Automotive Sensors market.
One of the main factors driving the market is the increasing adoption of automotive safety systems. The rise in the demand for active safety systems used in automobiles is also one of the major drivers that are leading to the growth of the Global Automotive Sensors market. Active safety systems help to avoid vehicle accidents during critical situations, and protect passengers from any causality.
One of the main challenges is the functional and operational issues. There are a few product-related issues regarding the failure of sensors in critical situations. There had been instances when crash sensors failed during the accident resulting in the failure of the airbag to open.
The key vendors dominating this space include Continental AG, Delphi Automotive plc, Denso Corp., and Robert Bosch GmbH.
The other vendors mentioned are Allegro MicroSystems Inc., Analog Devices Inc., Autoliv Inc., CTS Corp., Freescale Semiconductor Inc., Infineon Technologies AG, Melexis Microelectronic Systems, NXP Semiconductors N.V., Sensata Technologies Inc., and TRW Automotive Holdings Corp.
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