Global Sensor Module for Automotive Market 2016-2020
May 9, 2016 | Business WireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "Global Sensor Module for Automotive Market 2016-2020"report to their offering.
The global sensor module market in the automotive sector is expected to grow at a CAGR of 6.08% during the period 2016-2020.
The demand for electric cars is increasing because of government promotions of campaigns and a decline in the cost of building electric vehicle batteries. These batteries are expected to cost less than the internal combustion engine in the coming years, thus making consumers shift toward electric cars. The prices of the batteries of electric cars fell by 35% in 2015. This could hamper the oil market and lead to a reduction in the price of sensor modules.
According to the report, sensors help increase the safety of passengers by providing assistance to drivers. Different types of sensors are used in the automotive sector to ensure passenger safety, including anti-collision, anti-lock braking, hall-effect, image, and inertial sensors. These sensors collect data from the car and its immediate surroundings and raise an alarm in case of any expected accident or emergency.
Further, the report states that the market is likely to face challenges in developing countries such as Latin America, Southeast Asia, and Africa due to lack of stringent crash regulations and a low level of awareness among consumers.
Suggested Items
IDTechEx Report Unveils 3D Electronics Status and Opportunities
04/22/2024 | PRNewswire3D electronics is an emerging manufacturing approach that enables electronics to be integrated within or onto the surface of objects. 3D electronic manufacturing techniques empower new features, including mass customizability, greater integration, and improved sustainability in the electronics industry.
IDTechEx Examines the Opportunities for Wearables in Digital Health
04/19/2024 | IDTechExIDTechEx’s report, “Digital Health and Artificial Intelligence 2024-2034: Trends, Opportunities, and Outlook”, covers this ongoing trend in the consumer health wearables market and includes analysis of the opportunities and roadmap for biometric monitoring.
Real Time with... IPC APEX EXPO 2024: Pluritec's Expansion and Growth in the North American Market
04/19/2024 | Real Time with...IPC APEX EXPONicola Doria, president of Pluritec, discusses the company's strategic focus on the North American market, their investment in a new sales organization, service expansion, and a new process integration line. The conversation also covers market response and future installations, as well as Pluritec's new partnership with IEC.
Mycronic Releases Interim Report January–March 2024
04/18/2024 | MycronicNet sales increased 39 percent to SEK 1,692 (1,219) million. Based on constant exchange rates, net sales increased 42 percent.
Real Time with... IPC APEX EXPO 2024: Exploring Silicone Solutions with R&D Director of CHT
04/17/2024 | Real Time with...IPC APEX EXPOIn this interview, Gerry Ellis, the R&D director for CHT, discusses the product range offered by his company. He explains the challenges in creating base formulations, the drive to make products more user-friendly, and the various application techniques involved. Ellis also highlights the key market segments and the significance of providing efficient solutions to customers.