About Automotive Engine Oil Level Sensor
A sensor is an electronic device that detects changes in its environment by picking stimulus and updates in the system electronically. Sensors are engineered to detect physical, chemical, and process changes. Engine oil level sensors are used in both industrial and automotive applications to gather information about the oil level inside the engine and ensure that they send information to the driver when the oil level inside the engine is low. The sensor is located inside the oil pan, and its job is to measure the oil inside the pan before the engine gets started.
Technavio’s analysts forecast the global automotive engine oil level sensor market to grow at a CAGR of 4.65% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive engine oil level sensor 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 Engine Oil Level Sensor Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive engine oil level sensor market: Bosch, Continental, Delphi Automotive, and HELLA.
Other Prominent Vendors in the market are: ACDelco, Cummins Filtration, Fozmula, HERTH+BUSS, SMD Fluid Controls, TE Connectivity, and Texas Instruments.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is HELLA’s combi sensor for oil quality and oil level management. The traditional method of measuring engine oil level in a vehicle is by locating the dipstick in engine oil pan, pulling it out, and reading the dipstick measurement. Two lines are present on dipstick, namely the upper line and the lower line. Oil level should not cross the upper line as it is the maximum mark, whereas the lower line represents the minimum mark and it represents that oil level is low.”
According to the report, one driver in the market is rapidly increasing electronic content per vehicle. With the growing consumer concerns about the safety, comfort, performance, and stability, OEMs have been trying to include advanced features in vehicles. This evolution has reduced the utility of mechanical component in the automotive industry and increased the growth of electronics. Manufacturers started equipping special features in cars to highlight product differentiation to sustain in the competitive market. Over 90% of advanced features in any car is possible only through the addition of electronic content in the vehicle.
Further, the report states that one challenge in the market is low-cost manufacturing countries to lose low-cost advantage. In the automotive industry value chain, the OEMs have been absorbing the liability for most of the warranty costs and price pressure from the demand side in the past. However, this situation has changed over the past 5-6 years, where the OEMs have pushed liabilities on Tier 1 suppliers who in return push to component manufacturers. This has led to cost optimization across the industry to maintain profitability. One such means was to outsource manufacturing activities to countries, with low operational costs such as Taiwan, China, South Korea, and India. These countries are among the largest manufacturers of automotive components in the world.
Bosch, Continental, Delphi Automotive, and HELLA, ACDelco, Cummins Filtration, Fozmula, HERTH+BUSS, SMD Fluid Controls, TE Connectivity, and Texas Instruments.