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Increasing Adoption of Automotive Safety Systems Drive Global Automotive Sensors Market

Reviewed

Mar 25 2014

Research and Markets has announced the addition of the "Global Automotive Sensors Market" report to their offering.

The analysts forecast the Global Automotive Sensors market to grow at a CAGR of 7.89 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for automotive safety systems. The Global Automotive Sensors market has also been witnessing the increasing demand for smart sensors. However, functional and operational issues could pose a challenge to the growth of this market.

The report, the Global Automotive Sensors Market 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market in the Americas, and the EMEA and APAC regions; it also covers the Global Automotive Sensors market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Smart sensors are used in air bag safety systems in automobiles, specifically passenger cars. One of the main trends witnessed in the Global Automotive Sensors market is the increasing demand for smart sensors. Conventional air bags are not that effective in sensing accidents, whereas smart sensors can quickly sense an impending crash, its nature, the vehicle position, and also determine the type of airbag to be used and the speed of its deployment. This helps in minimizing the injuries sustained by the passengers. Therefore, in many cars, conventional sensors are being replaced by smart sensors, leading to the growth of the smart sensors and Global Automotive Sensors market.

According to the report, one of the main factors driving the market is the increasing adoption of automotive safety systems. The rise in the demand for active safety systems used in automobiles is also one of the major drivers that are leading to the growth of the Global Automotive Sensors market. Active safety systems help to avoid vehicle accidents during critical situations, and protect passengers from any causality.

Further, the report states that one of the main challenges is the functional and operational issues. There are a few product-related issues regarding the failure of sensors in critical situations. There had been instances when crash sensors failed during the accident resulting in the failure of the airbag to open.

The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Allegro MicroSystems Inc., Analog Devices Inc., Autoliv Inc., CTS Corp., Freescale Semiconductor Inc., Infineon Technologies AG, Melexis Microelectronic Systems, NXP Semiconductors N.V., Sensata Technologies Inc., and TRW Automotive Holdings Corp.

Key Topics Covered:

1. Executive Summary

2. List of Abbreviations

3. Introduction

4. Market Research Methodology

5. Scope of the Report

6. Market Landscape

7. Market Segmentation

8. Geographical Segmentation

9. Vendor Landscape

10. Buying Criteria

11. Market Growth Drivers