Japan Automotive Sensors Market - Growth, Trends and Forecasts (2017 - 2022)
The Japan automotive sensors market is expected to touch $1.77 billion by 2018 at a CAGR of 10.72% over the period 2017 -2022. Sensors help to reduce fuel consumption and harmful emissions. They play a crucial part in boosting engine efficiency and vehicle safety to ensure greater driving comfort. Sensors fulfil the task of capturing and transmitting data. Sensors need to be resistant to temperature, moisture, dirt and chemicals. Increased research and development in the sensor industry is creating opportunities for technological advancements that open up new horizon for sensor applications. The autonomous car technology along with the growing importance of connected car technology significantly contributed to the growth of the sensor market in Japan. Various technological-solution provider like Ladder Technology has extensively developed detection and ranging technology that are integrated into standard automotive components such as headlamps, rear lamps, or side view mirrors, enabling the development and deployment of highly-optimized ADAS sensing solutions.
The major trend driving the Japan automotive sensor market is miniaturization and improved communication capabilities, which enables their integration into vehicles without interfering with the basic functionalities of the vehicle. Sony plans to offer image sensors for automotive cameras, aiming to tap a new growth market, amid the drive toward smart cars and driverless vehicles. The company had developed a sensor 10 times as sensitive to light as existing chips, allowing for easier detection of objects in dark environments. The global annual production of connected cars is expected to reach 100 million vehicles by 2025, which would help the sensor market to grow significantly. The new applications for sensor technologies utilizing the micro technology would help to grow the automotive sensor market in Japan, during the forecast period. However decline in the value of Yen, resulted in the drop of revenue and affected the suppliers of automotive sensor manufacturers and suppliers in Japan, who are operating globally.
The Japan Automotive Sensors Market is segmented on the basis of Type (Temperature, Pressure, Speed, Level/Position, MEMS, Magnetic, Gas, and Inertial), Application (Powertrain, Body Electronics, Vehicle Security Systems, Alternative Fuel Vehicle, and Telematics). Among the type, automotive MEMS would witness the maximum market share during the forecast period. MEMS include micro-electromechanical sensors for vehicles including accelerometers, gyroscopes, digital compasses, inertial modules, pressure sensors, humidity sensors, smart sensors and sensor hubs, UV index sensors, temperature sensors and touch sensors. Among the application, vehicle’s safety and security system would constitute the majority of the automotive sensor by application market. Camera and radar sensing technologies are opening up a landscape in the world of automotive safety and security systems in the light of growing concerns of vehicular safety in the country.
This report describes a detailed study of the Porters five forces analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players which includes the key growth strategies and competition analysis. Denso from Japan, is one of the biggest suppliers of automotive sensors in the domestic market as well as in the global automotive sensor market.