Published on : Jun 30, 2016
Automotive sensors are employed in a number of automobile components such as climate control, powertrain control system, airbag restraint system, and crankshaft position sensor, among others. The increasing regulations implemented by governments and the increasing preference of consumers are the key factors propelling the growth of the market for automotive sensors. The soaring demand for hybrid vehicles is also impacting the market positively.
This market includes a number of regional and well-diversified vendors. It has been predicted that the competitive scenario of this market is poised to intensify with the advent of more sensors within the global market. The major players as well as their key contributions in the market have been elaborated upon as under:
- Delphi Automotive: This company is a renowned manufacture of vehicle components and was established in 1994 with its headquarters at Gillingham, in the UK. This company presents electronic and electrical powertrains, thermal technology solutions, powertrain active safety to the automotive and commercial vehicle markets. It is amongst the top companies providing a number of products crosswise the automotive industry. Various vehicles, particularly designed for meeting the safety benchmarks in vehicles, have been provided by this company.
- Sensata Technologies: This company is based out of Alemelo, in the Nethelands. Sensata Technologies manufactures, sells, and develops controls as well as sensors. A wide range of tailor-made advanced controls and sensors made for mission critical applications such as pressure sensors within automotive systems and circuit breakers within aircraft are also provided by this company. The company has its operations in sixteen nations globally.
- Continental: This company came into existence in 1871 and has its headquarters at Hanover in Germany. Continental is amongst the world’s biggest automotive making companies. The company develops, manufactures, sells, and designs industrial tires, light trucks, passenger cars, and other products. Specialization in brake systems, tachographs, powertrain components, and automotive safety has also been established by this company. The chief sensors introduced by this company in the automotive industry are wheel speed sensors, instrumentation sensors, and management sensors.
Thus, the increasing product introductions by the major players in the global automotive sensors market will further augment the growth of the market. However, the increasing cost of repair of automotive sensors may pose a negative impact on the development of this market.