TechNavio recognizes the following companies as the key players in the Global Automotive Magnetic Sensors Market: Asahi Kasei Corp., Allegro MicroSystems Inc., Infineon Technologies AG, and Micronas Semiconductor Holding AG.
Commenting on the report, an analyst from TechNavio’s Automotive team said: ”The various initiatives taken by the EU to increase passenger safety has led to the increased demand and application of automotive sensors in the Automobile sector, which drives the demand for magnetic sensors used in vehicles. In 2008, Euro NCAP made it necessary for manufacturers to use electronic stability control in cars for obtaining five-star rating. Further, the EU has decided to make the use of electronic stability control systems mandatory in vehicles. According the Regulation No 661/2009 passed by the European Parliament and of the Council of 2009, all new vehicles should be equipped with electronic stability control from November 2011. These initiatives have accelerated the demand for safety system electronic control units, leading to the growth of the Global Automotive Magnetic Sensors market.”
According to the report, one of the main drivers in this market is the growth of the rising demand for automobiles. The increasing demand for automobiles has a direct positive influence on the demand for automotive advanced systems which are integrated with sensors, thus resulting in an increasing demand for magnetic sensors.
Further, the report states that one of the main challenges in this market is the recent economic slowdown, which affects the overall automobiles sales and thus, the Global Automotive Magnetic Sensors market.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Melexis Microelectronic Systems, NXP Semiconductors N.V., and MEMSIC Inc.
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. For further information on this report, please visit https://www.technavio.com/content/global-automotive-magnetic-sensors-mark…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Automotive market research, please visit https://www.technavio.com/automotive
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report – Global Automotive Magnetic Sensors Market 2012-2016
