Tuesday 14 April 2015, Amsterdam
The report recognizes the following companies as the key players in the Global Sensors Market: Bosch GmbH, Denso Corp., Freescale Semiconductor Inc., OmniVision Technologies Inc. and STMicroelectronics NV.
Other Prominent Vendors in the market are: ABB, Alpha MOS, Alphasense, AMETEK, Delphi Automotive, Draegerwerk, Emerson Electric, Figaro Engineering, General Electric, Honeywell International, Industrial Scientific, International Sensor Technology, RAE Systems, Samsung, Siemens, Smiths Detection Teledyne Monitor Labs, Sony and Thermo Fisher Scientific.
The report said: “Increased adoption of green energy technologies is one of the major trends upcoming in this market. Sensors are required in several applications related to generating green energy. Investment in R&D and the installation of green energy technologies and applications have been fuelling growth in the sale of sensors in recent years. Green energy technologies and applications are considerably new for the Global Sensors market but are expected to witness immense growth during the forecast period.”
According to the report, the increased adoption of sensors in the automotive segment is one of the major drivers of this market. Sensors offer advanced safety functions, a critical factor that has contributed to the growing demand from this segment. Sensors are used in the powertrain, chassis, and body of a vehicle.
Further, the report states that one of the key challenges that the market faces is the intense competition in the market. Several vendors are producing low-cost sensors to compete with the bigger brands, thus forcing other vendors to follow suit.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.