Global Automotive Chassis Sensors Market 2017-2021
About Automotive Chassis Sensors
A sensor is a device that detects changes in its environment by picking stimulus changes and sending this data to the system electronically. It is designed to detect physical, chemical, and process changes in an environment. A chassis sensor is ideally used to detect the wheel position to enable closed-loop chassis control. The chassis sensor is mounted between the chassis and the sprung components to measure the vehicle suspension travel. Other applications of chassis sensors include the pedal position, transmission gear selection, and adaptive headlight aiming systems.
Technavio’s analysts forecast the global automotive chassis sensors market to grow at a CAGR of 2.85% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive chassis sensors market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Chassis Sensors Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive chassis sensors market: Bosch, Continental AG, DENSO, Infineon Technologies, Sensata Technologies, Delphi, and NXP Semiconductors.
Other Prominent Vendors in the market are: TE Connectivity, STMicroelectronics, Amphenol, EPCOS, and Allegro Microsystems.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing demand for MEMS and NEMS technology. The use of MEMS and nano-electromechanical systems (NEMS) technologies has led to the development of more compactable smart sensors. These technologies involve the use of electromechanical and mechanical components using microfabrication techniques. The size of these devices varies from one micron to a few millimeters. NEMS is the further modification of MEMS technology.”
According to the report, one driver in the market is growing acceptance of sensor technology. Sensors have shown exponential growth in the last couple of years. The demand for smart sensors is increasing in the automotive industry. These sensors provide more accurate and reliable data owing to their advanced technologies and high compatibility with different applications. They form an integral part of the IoT ecosystem, which is a necessity in connected vehicles. The data processed by a smart sensor is assigned a unique identifier that can be transmitted via the Internet or other similar networks. Currently, a wireless sensor and actuator network (WSAN) protocol is used to disseminate data across the network.
Further, the report states that one challenge in the market is use of poor-quality raw materials resulting in malfunctioning of sensors. OEMs source raw material from different vendors to manufacture sensors. The materials procured from suppliers may not survive in all situations. The resistor may corrode or break due to excess vibrations, leading to operational failure. Manufacturers must be careful while procuring materials from the supplier. As manufacturers tend to bargain, suppliers may give low quality material, which leads to malfunctioning of the sensor. The use of poor quality material affects the efficiency and lifespan of sensors.
Bosch, Continental AG, DENSO, Infineon Technologies, Sensata Technologies, Delphi, NXP Semiconductors, TE Connectivity, STMicroelectronics, Amphenol, EPCOS, and Allegro Microsystems.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook