Market study: How smart cars drive demand for sensors: Page 2 of 2

July 12, 2017 // By Christoph Hammerschmidt
Market study: How smart cars drive demand for sensors
In an era when automobiles get ever smarter, the demand for sensors can be expected to rise. But which sensors drive the demand, and how will mass production affect price levels? A recent study from MarketsandMarkets has exact figures.

In 2016, the Asia/Pacific region (APAC) accounted for the largest share of the total automotive sensors market, with growth driven predominantly by developing countries such as India and China. The latter leads the production of automobiles in the world and is expected to lead the automobile production worldwide in the forecast period. China’s government has placed special emphasis on promotion and adoption of energy-efficient plug-in hybrid EV and pure EV. China is expecting 35 million vehicle sales by 2025 and wants new energy vehicles (NEVs) to make up at least 20% of that total market. All these factors will further help in the growth of the automotive sensors market in the region.

The report profiles the most promising players in the automotive sensors market. The key players in the automotive sensors market are Robert Bosch GmbH (Germany), Continental AG (Germany), Denso Corporation (Japan), Analog Devices, Inc. (US), Sensata Technologies, Inc. (US), Delphi Automotive PLC (UK), Infineon Technologies AG (Germany), and STMicroelectronics (Switzerland), among others.

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