Dynamic Automotive Sensors Market Forecast to Grow
24 March 1999
Frost & Sullivan - Dynamic Automotive Sensors Market Forecast to Grow Due to Emerging ProductsMOUNTAIN VIEW, Calif., March 23 -- Today's cars are equipped with numerous sensors, ranging from mature to emerging products. On the one end of the spectrum are several long-used devices such as fuel level, vehicle speed, oil pressure and coolant temperature sensors. Emerging sensors include oil condition, torque and yaw rate sensors. According to upcoming strategic research conducted by Frost & Sullivan (http://www.frost.com), North American Automotive Sensor Markets, revenues in the original equipment market totaled over $1.9 billion in 1998. Although weaker demand for new vehicles is anticipated in the near term, vehicle production is forecast to grow from 2002 on. Revenues in the automotive sensors market should grow again, despite pressure for lower prices from automakers. The automotive sensors market is dynamic even in terms of mature applications. Additional position sensors are being used for pedal and steering position sensing in drive-by-wire systems that replace mechanical linkages with electronic systems. Hall effect and magnetoresistive speed sensors that provide more information to electronic control modules are challenging variable reluctance devices. Systems such as stability control are generating demand for additional pressure sensors, and for new devices such as yaw rate sensors. Other market trends are the anticipated use of more functional oxygen sensors and the rapid transition from electromechanical to electronic accelerometers for crash sensing. Better oxygen sensors (known as universal exhaust gas oxygen or UEGO sensors) will help the engine electronic control module better manage the air/fuel ratio, fuel injector timing, spark timing and exhaust gas recirculation. Electronic accelerometers have reduced the cost of airbag systems not only because they are less expensive, but also because fewer are needed and because they simplify airbag system design and installation. This upcoming study by Frost & Sullivan, North American Automotive Sensor Markets, details position, speed, pressure, temperature, oxygen, oil condition, torque and yaw rate sensors, as well as high- and low-G accelerometers. Provided in the study are revenue forecasts, market and technology trends, competitive issues, and strategies. Frost & Sullivan presents Market Engineering Awards to recognize companies that have made positive contributions to the automotive sensors industry. Winners are selected from an in-depth analysis of market competitors and interviews with the companies that make up the industry. The 1999 Market Engineering Product Innovation Award is granted to Continental Teves for its development of tires that act as sensors. The 1999 Market Engineering Entrepreneurial Company Award is given to Siemens Automotive for development of innovative technologies such as a side-impact airbag system triggered by pressure sensors and an occupant position sensing system based on under-seat strain gauges. This automotive industry research has integrated the Market Engineering consulting philosophy into the entire research process. Critical phases of this research include: Identification of industry challenges, market engineering measurements, strategic recommendations, planning and market monitoring. All of the vital elements of this system help market participants navigate successfully through the automotive sensors industry. Frost & Sullivan is an international marketing consulting company that monitors the automotive industry for market trends, market measurements and strategies. This ongoing research is utilized to update a series of online research subscriptions such as the Automotive OEM Custom Subscription, and to support industry participants with customized consulting needs. Free executive summaries of all Frost & Sullivan reports are available to the press. Visit Frost & Sullivan's Web site: http://www.frost.com North American Automotive Sensor Markets Report: 5919-18 Publication Date: April 1999 Price: $3950