Global Automotive Fuel Level Sensor Market 2017-2021
About Automotive Fuel Level Sensor
Fuel level sensors are used to detect the level of fuel in fuel tanks. Various types of fuel level sensors are available in the market. Based on their material used, sensors can be classified as capacitive, resistive, and ultrasonic sensors. With the growing concern of fuel theft and to monitor fuel consumption patterns, smart sensors are being used. Capacitive sensors are mostly used because of the absence of moving parts and their long lifecycle.
Technavio’s analysts forecast the global automotive fuel level sensor market to grow at a CAGR of 1.66% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive fuel 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 Fuel Level Sensor Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive fuel level sensor market: Bosch, Delphi, Continental, Omnicomm, MSIL, and Sensata Technologies.
Other Prominent Vendors in the market are: elobau, OMEGA, FPI Sensors, Gill Sensors & Engine Controls, and Pricol.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing acceptance of the sensor technology. The demand for sensors has been evolving since the last few years. Within a short period of time, sensors have received widespread adoption in the automotive industry. A smart sensor consists of integrated circuits (IC), which processes the received data as input.”
According to the report, one driver in the market is increasing demand for telematics to monitor fuel. The increase of fuel theft and the need for real-time fuel monitoring have led to the development of fuel level sensors equipped with GPS tracking system. The GPS-enabled fuel level sensor is the latest offering in the global automotive fuel level sensor market and is a factor that is driving the market. Using these GPS-enabled fuel level sensors, a person can track his or her vehicle's fuel level from any place at any point of time. The GPS-enabled sensor is connected to a tracking device, which transmits signals to satellites, and those satellites send responses to the vehicle owner's mobile phone or a computer.
Further, the report states that one challenge in the market is compromise in raw material quality leads to sensor breakdown. OEMs source raw materials from different vendors to produce sensors. Fuel level sensors are subjected to varied drastic conditions like high or low temperatures, extreme vibrations, and different type of fuels. No single raw material possesses enough durability to survive in all kind of situations. This often leads to corrosion or breakage of resistors, which cause sensor failure. Manufacturers need to be diligent while procuring materials from suppliers. However, during bargaining process the manufacturers have to compromise on quality of material to maintain the profit margin and this results to poor quality of sensor and sensor breakdown.
Bosch, Delphi, Continental, Omnicomm, MSIL, Sensata Technologies, elobau, OMEGA, FPI Sensors, Gill Sensors & Engine Controls, and Pricol.