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European Automotive Original Equipment Position, Pressure and Temperature Sensors Markets - 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
European Automotive Original Equipment Position, Pressure and Temperature Sensors Markets

 

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.

   
 
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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.

If you are interested in a virtual brochure, which provides manufacturers, end users and other industry participants with an overview of the European Automotive Original Equipment Position, Pressure and Temperature Sensors Markets, then send an email to Vanessa Quezada, Corporate Communications, at vanessa.quezada[.]frost.com with your full name, company name, title, telephone number and email address. Upon receipt of the above information, an overview will be sent to you by email.

“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.

European Automotive Original Equipment Position, Pressure and Temperature Sensors Markets is part of the Automotive & Transportation Subscription, which also includes research in the following markets:

• European Automotive Original Equipment (OE) Heating Ventilation and Air Conditioning (HVAC) Systems Markets
• Transmission Technologies and Features - Voice of Customer Study
• Executive Report on the European OE and Aftermarket for CAF

All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics and demographics.

 
 
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European Automotive Original Equipment Position, Pressure and Temperature Sensors Markets

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