DUBLIN, June 12, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/fptkdf/europe_automotive) has announced the addition of the "Europe Automotive Sensors Market - Growth, Trends & Forecasts (2014-2020)" report to their offering.
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The Europe automotive sensors market is expected to increase to $6.67 billion by 2018 at a CAGR of 8.04% over the period 2014-2020
The low cost & compact size, ecofriendly & bulk manufacturing capability, and energy efficient are the key drivers which are making the automotive sensors market to grow lucratively. Development of new applications for technologies which utilize nano and micro technology will help grow the Europe automotive sensor market. Increased research and development in the sensor industry is creating opportunities for technological advancements that open up new horizon for sensor applications.
The major trend driving the Europe automotive sensor market is miniaturization and improved communication capabilities, which enables their integration into vehicles without interfering with the basic functionalities of the vehicle. The Europe automotive sensor market has experienced important developments over the past decade resulting in a wide variety of innovative and technologically superior products. There has been an increase in demand for a variety of sensors to perform a multitude of functions as vehicles have become more complex over the last 5 years. Continued growth is anticipated for this market, propelled by enhanced demand for greater driver information, tighter safety controls, and more sophisticated engine management systems to improve fuel economy and reduce emissions. The Europe automotive sensors market is comprised of mostly large global corporations with few small market participants.
The Europe Automotive Sensors Market is segmented on the basis of Type (Temperature, Pressure, Speed, Level/Position, MEMS, Magnetic, Gas, and Inertial), Application (Powertrain, Body Electronics, Vehicle Security Systems, Alternative Fuel Vehicle, and Telematics).
This report describes a detailed study of the Porter's five forces analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players which includes the key growth strategies and competition analysis.
The report also considers key trends that will impact the industry and profiles over 10 leading suppliers of Europe Automotive Sensors Market. Some of the top companies mentioned in the report are Texas Instruments (U.S.), Robert Bosch GmbH (Germany), General Electric Company (U.S.), Analog Devices (U.S.), Infineon Technologies AG (Germany), Freescale semiconductor Inc. (U.S.), and Delphi Automotive PLC (U.K.) and among others.
For more information visit http://www.researchandmarkets.com/research/fptkdf/europe_automotive
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SOURCE Research and Markets