Passenger Car Sensors Global Market Gearing Up To Witness Radical Growth By 2022

Market Research Future published a research report on “Passenger Car Sensors Market Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Global Passenger Car Sensors Market, by Sensor Type (Pressure, Temperature, Speed and other), by Application (Powertrain/ Drivetrain, Exhaust, Interior/Comfort, DAS and Body control) – Forecast 2016-2022.


Robert Bosch GmbH, Continental AG, Denso Corporation, Delphi Automotive PLC, Allegro Microsystems LLC, Analog Devices Inc., CTS Corporation, Elmos Semiconductors, Infineon Technologies and TRW Automotive are some of the prominent players in MRFR Analysis and are at the forefront of competition in the Global Passenger Car Sensor Market.


Passenger Car Sensor Global Market   – Overview 

The Global Passenger Car Sensor Market is growing with the rapid pace; mainly due to the increasing population. According to a recent study report published by the Market Research Future, The global Passenger Car Sensor Market is booming and expected to gain prominence over the forecast period growing rapidly. The global Passenger Car Sensor market is forecasted to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).


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Industry/Innovation/Related News 

30 October 2017 – Continental, a technology company announced expansion of its presence in Europe and Builds First Plant in Kaunas, Lithua¬nia. This expansion will help Continental to increase production footprint for the growing demand for automotive electronics on European markets. With this news Continental also discloses its investment plan of €95 million over the next five years. 

October 2017 – The Ministry of Road Transport has passed the mandate in order to better road safety scenario on Indian roads. According to which all four-wheelers including Passenger Car that come off the production line after July 1, 2019 will have to be mandatorily equipped with airbags, seat-belt reminders, reverse parking sensors, and a manual override for the central locking system. The Mandate which has been approved to ensure passenger and pedestrian safety in light of the numerous deaths in road accidents; indicates that the Passenger Car Sensor market in India is surely going to hike up post July 2019. 

September 2017 – Continental, a technology company presented its new fully automated Valet Parking function.  Valet Parking was developed in such a way that a vehicle can find a parking space regardless of the infrastructure in the parking garage. No other changes or investments, such as cameras or contact barriers, are required in the parking garage. The demo vehicle detects its surroundings using four short-range radar sensors, four surround-view cameras and a forward-facing mono camera. The vehicle uses the sensor data and a digital map to determine its exact position in the parking garage and navigate fully automated. As things currently stand and depending on the customer, this sensor-based approach of the Valet Parking function with ramp navigation is expected to be possible by 2022. 

September 2017 – Continental, a technology company introduced two new tire technology concepts that will make for even greater road safety and comfort in the future. The two systems enable continuous monitoring of the tire’s condition, as well as situation-matched adaptation of tire performance characteristics to prevailing road conditions. The technologies, called ContiSense and ContiAdapt, will make their public debut at the 2017 Frankfurt Motor Show (IAA) accompanied by a tire study. ContiSense is based on the development of electrically conductive rubber compounds that enable electric signals to be sent from a sensor in the tire to a receiver in the car. Rubber-based sensors continuously monitor both tread depth and temperature. The ContiSense system will feature additional sensors that can also be utilized individually.


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Passenger Car Sensor Global Market   – Competitive Analysis

Highly competitive market of the Passenger Car Sensor is totally dependent on Passenger Car sales and is driven by the increase in Passenger Car production.  The market appears to be fragmented owing to the presence of several large and small key players accounting for a substantial market share. Well established players incorporate acquisition, collaboration, partnership, expansion, product & technology launch in order to gain competitive advantage in this market and to maintain their market position. The competitive nature of this market is envisaged to intensify as more Passenger Car sensors enter the mass market, which is inevitable in the wake of increasing government regulations and consumer demand for Passenger Car safety and advanced features. These players emphasis upon new product development initiatives, and geographical expansion. The global Passenger Car Sensor market is anticipated to witness relentless innovations and development of new products, eventually resulting into intense competition among the Passenger Car Sensor manufacturers.


Passenger Car Sensor Global Market   – Segmentation

The Passenger Car Sensor   Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation By Sensor Types   : Comprises Pressure Sensor, Temperature Sensor, Speed Sensor, and others.

Segmentation By Application      : Comprises Powertrain/ Drivetrain, Exhaust, Interior/Comfort, DAS and Body control and others.

Segmentation By Regions           : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.


Passenger Car Sensor Global Market   – Regional Analysis:

Passenger car sensors market is highest growing market in Asia pacific. Government announced that soon they will make rear view sensors or backup camera’s mandatory on all new vehicles. Increasing risk to small children and pedestrians from reversing or rolling back vehicles is the major aim behind that. Additionally, sensor innovation such as monitor light, temperature, pressure and other things driving the market of passenger car sensors market and showing opportunity for the development of sensor.

Whereas, Europe is encouraging passenger car manufacturers to focus on the emerging parts of the globe where the passenger car population increasing at a fast pace.


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