Growth Opportunities in the Global Automotive Sensor Market 2016-2021
According to a new market report published by Lucintel, the future of the global automotivesensor market looks good with opportunities in the engine and transmission, safety and security,body, chassis, and driver support applications. The global automotive sensor market is forecast togrow at a CAGR of 4.0% from 2016 to 2021. The major drivers of growth for this market areincreasing automotive production; increasing usage of electronic component per vehicle furtherincreases the number of sensor, and various government regulations for fuel emission andvehicle safety.
In this market, engine and transmission, safety and security, body applications, chassisapplications, and driver support are some of the major segments of automotive sensor. On thebasis of its comprehensive research, Lucintel forecasts that the safety and security and driversupport segments are expected to show above average growth during the forecast period.Within the global automotive sensor market, the engine and transmission segment is expected toremain as the largest market. Continuous implementation of the fuel emission regulations andincreasing sensor content in the engine and transmission applications would spur growth for thissegment over the forecast period.
Asia Pacific is expected to remain the largest market due to high vehicle production, continuousimplementation of regulations on fuel emission and increasing number of sensor per vehicle.Europe and Rest of the World are expected to witness significant growth over the forecast periodbecause of stringent government regulations on fuel emission and safety of vehicles, strongrecovery in vehicle production and sales along with continuous demand for safety and comfortfeatures.
For market expansion, the report suggests innovation and new product development to producehigh-performance and energy-efficient sensor in an environmentally friendly manner. The reportfurther suggests the development of partnerships with customers to create win-win situations anddevelopment of low-cost solutions for customers.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasingusage of sensors in ADAS application, development of advanced magnetic position sensor inelectric power steering application, advancement of silicon based sensor, and development ofwireless sensing for automotive application. Continental AG, Denso Corporation, DelphiAutomotive PLC, ZF TRW Automotive Holdings Corp, and Honeywell International Inc. are themajor sensor manufacturers in the global automotive sensor market. Some companies are optingfor mergers and acquisitions as strategic initiatives for driving growth.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growthopportunities for the global automotive sensor market by applications and region and has comeup with a comprehensive research report, “Global Automotive Sensor Market 2016-2021:Trends, Forecast, and Opportunity Analysis” The Lucintel report serves as a spring board forgrowth strategy as it provides a comprehensive data and analysis on trends, key drivers, anddirections. The study includes a forecast for the global automotive sensor market through 2021,segmented by applications and region as follows:
By applications ($ billion from 2010 to 2021)
Engine and Transmission
Safety and Security
Driver SupportBy region ($ billion from 2010 to 2021)
Rest of the WorldThis report answers following 11 key questions:
Q. 1. What are some of the most promising, high-growth opportunities for automotive sensormarket by application and regions?
Q. 2. Which segments will grow at a faster pace and why?
Q. 3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges ofthe market?
Q.5. What are the business risks and threats of this market?
Q.6. What are emerging trends in this market and reasons behind them?
Q.7. What are some changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading thesedevelopments?
Q.9. Who are the major players in this market? What strategic initiatives are being implementedby key players for business growth?
Q.10. How is the competitive rivalry and threat of substitution in this market?
Q.11. What are M&A activities in the last 5 years in this market? What reasons to theseactivities and how have they impacted the industry?This unique report from Lucintel will provide you with valuable information, insights, and toolsneeded to identify new growth opportunities and operate your business successfully in thismarket. This report will save hundreds of hours of your own personal research time and willsignificantly benefit you in expanding your business in this market. In today’s stringent economy,you need every advantage that you can find.
Features of This Report:
To make business, investment, and strategic decisions, you need timely, useful information. Thismarket report fulfills this core need and is an indispensable reference guide for multinationalmaterials suppliers, product manufacturers, investors, executives, distributors, and many morethat operate in this market.
Some of the features of “Growth Opportunities in the Global Automotive Sensor Market 2016-2021: Trends, Forecast, and Opportunity Analysis” include:
Market size estimates: Global automotive sensor industry size estimation in terms ofvalue ($B).]
Trend and forecast analysis: Global automotive sensor industry trend (2010-2015) andforecast (2016-2021) by region and by segments.
Segmentation analysis: Global automotive sensor industry size by various applicationtypes, such as engine and transmission, safety and security, body applications, chassisapplications and driver support in terms of value.
Regional analysis: Global automotive sensor industry breakdown by key regions, such asNorth America, Europe, Asia Pacific, and Rest of World.
Growth opportunities: Analysis on growth opportunities in different applications andregions.
Strategic analysis: This includes M&A, new product development, competitive landscape,and expansion strategies of global automotive sensor suppliers.
Emerging applications: Emerging applications of global automotive sensor in variousmarkets.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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