Government Regulations Drive Automotive Sensors Market

According to the new market research report "Global Automotive Sensors Industry 2016 Market Research Report ", the increasing adoption of automotive sensors to meet strict government regulations on safety, efficiency, and driver assistance and increasing vehicle electrification are the major drivers for the automotive sensors market.

Sensors are used in detecting, measuring or recording physical phenomena and subsequently responding by transmitting information, initiating changes or effecting system control. Automotive sensors is integrated part of vehicle system and is designed to detect, transmit, analyze and display vehicle performance information within internal and external environment of the vehicle.

The increasing demand for automobiles due to the increase in disposable income in Asia Pacific is one of the major factors fueling the demand for automotive sensors. In addition, increasing government safety regulations and emission control is also boosting the automotive sensors market. Body control system, power steering system, climate control and ABS are some of the basic features provided by manufacturers as a standard option in vehicles at present. Moreover, hybrid and fuel cell vehicles have an exponential use of sensors for hydrogen leak detection, current monitoring, motor speed and position among others.

Favorable government initiatives for passenger safety and security in various regions are expected to drive revenue growth. These devices have become an essential part of automobiles, which detect parameters such as heat and speed, and take precautionary measures in case of danger. Due to advancement in technology, vehicles are being equipped with numerous sensing devices that provide information on different parameters ensuring comfort, safety, and security.

The rise in a number of these devices deployed per vehicle has greatly risen owing to the growing consumer demand for fuel-efficiency and comfort as well as favorable government regulations on safety and emission standards.

The continuous development in electronics sensors application and technology, the rising concern for safety, increasing demand of automation in automobiles, demand of concept cars from high income consumers and increasing use of sensors in hybrid semi hybrid and electric cars are boosting the demand of automotive sensors market. Lack of aftermarket for sensors is one of the chief restraints in the developing market of automotive sensors.

Asia Pacific is one of the most attractive regions for the market of automotive sensors market. Demand for luxury vehicles with advanced safety and comfort features are the major factors fueling demand for automotive sensors. However, Europe is the largest market for automotive sensors. The increasing number of government regulations to monitor driver safety and emission in automobiles is boosting growth of this market in Europe.

Some of the major players operating in the automotive sensors market include Bosch GmbH, Continental AG, Delphi Automotive plc, DENSO Corp., Sensata Technologies Inc., Avago Technologies, Bourns, CTS, Faurecia, GE Measurement & Control Solutions, Gill Sensors & Controls, Hamamatsu, Hitachi Automotive Systems Americas, Hyundai KEFICO, Infineon Technologies, Murata, NGK Spark Plug and others.

Browse Market Tables, List of Figures and Key Market Insights of Global Automotive Sensors Industry Research Report 2016 @  

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