Opps Grow For Automotive Sensors
By Mat Dirjish
Although it goes through minor downs now and then, and usually based on region, the automotive market has always been a big-bucks arena and, as it rides the collar of technology, it’s ever growing and expanding. The researchers at Radiant Insights agree with this observation, claiming the automotive sensors market is set for novel growth opportunities now, and in the future.
The researchers pinpoint a number of growth drivers. These include owner’s concerns for safety and the security of their vehicle, growing electrification of vehicles, and government mandates. For example, the European Union Commission is preparing to order the installation and setup of automatic emergency braking systems in an entire range of cars. As a result, the demand for automotive sensors will escalate in the years to come.
Points of Note
- The development of microcontrollers and sensor technologies are key to developing combination systems that deliver higher levels of vehicle security.
- Higher prices of automotive sensor R&D is the critical aspect limiting the development of the automotive sensors market.
- Asia-Pacific commands the largest share of the market.
- Top players in the Automotive Sensors Market include Hitachi Automotive Systems Americas, Continental Automotive AG, NXP Semiconductors NV, CTS Corporation, Sensata Technologies BV, Robert Bosch GmbH, DENSO Corporation, Little fuse Inc., Analog Devices Inc., Maxim Integrated, Aptiva PLC (Delphi Automotive), Texas Instruments Inc., and Infineon Technologies.
Need to know more about the burgeoning automotive sensors market? Then access the “Global Automotive Sensors Market” report.
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