PRZOOM - /newswire/ -
London, United Kingdom, 2007/09/19 - New analysis from Frost & Sullivan finds that the European Automotive Original Equipment Position, Pressure and Temperature Sensors Markets earned revenues of €887.5 million in 2006 and estimates this to reach €1.15 billion in 2013.
EU commission regulations on emission levels will be the primary driver for the European position, pressure and temperature sensors markets. Moreover, recommendations by the EU commission to vehicle manufacturers (VMs) to offer certain applications as standard, is poised to boost the unit volume sales of sensors.
New analysis from Frost & Sullivan (automotive.frost.com) finds that the European Automotive Original Equipment Position, Pressure and Temperature Sensors Markets earned revenues of €887.5 million in 2006 and estimates this to reach €1.15 billion in 2013.
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“Regulations concerning the emission levels of CO2 are key catalysts for continued growth in the European position, pressure and temperature sensors markets,” notes Frost & Sullivan Research Analyst Roshan Devadoss. “The automotive sensors market is also being driven by widening electronic applications that employ sensors to monitor and control various automotive components.”
The EU commission recommends that VMs offer gearshift indicators and tyre pressure monitoring systems (TPMS) as standard features to reduce emissions by increasing fuel efficiency in their vehicles. The adoption of such recommendations will increase the use of sensors such as pressure sensors, position sensors and temperature sensors in TPMS modules, gear shift indicators and engine management solutions such as EGR, respectively.
Sensors are technologically mature, and applications deploying these sensors drive the market. However, the adoption rate of new applications/technologies is low among VMs that prefer to adopt applications/technologies that have a proven record and do not greatly affect the pricing of the vehicle.
“Mature sensor technologies are still preferred to new alternatives,” explains Roshan. “Costs and reliability are still major concerns while incorporating technology changes in vehicles.”
Creating awareness of the cost-benefit to quality ratio achieved by the use of new technologies/applications will increase their penetration levels. Boosting the reliability and life span of sensors will be another key factor to gaining market share.
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