Technavio Announces Top Six Vendors in the Global Sensor Module Market in the Automotive Sector Until 2020

Technavio has announced the top six leading vendors for the global sensor module market in the automotive sector in their latest research report. This report also lists four other prominent vendors who are expected to contribute to this market’s growth over the forecast period.

To identify the top vendors, Technavio’s market research analysts have considered the top contributors to the overall revenue of this market. To calculate the market size, it considers revenue generated from the sales of sensor modules to original equipment manufacturers (OEMs) and automotive manufacturers.

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“Fully autonomous or self-driving cars are expected to be launched soon in the market. Companies such as Google and Tesla Motors have launched their autonomous vehicles prototypes, and BMW and Mercedes are working on self-driving features in their vehicles. Apple is also expected to enter the market of autonomous cars with its lesser-known project called Titan, the production of which is expected to start by 2020. Google is incorporating LiDAR sensors in its autonomous cars. These sensors can detect an object at a range of up to 100 meters and provide an accurate map of the vehicle’s surroundings,” said Asif Gani, one of Technavio’s lead analysts for sensors.

Top six leading vendors in the global sensor module market in the automotive sector:

Bosch

Bosch is a German company established in 1886. The company’s business segments include automotive technology, industrial technology, consumer goods, and energy and building technology. The automotive segment consists of powertrain concepts, injection technology for internal combustion engines, active and passive driving safety systems, infotainment systems, and car-to-car and car2x communication. The company is successful in its powertrain business as well as its driver assistance systems. More than 50% of the total revenue of the company comes from the automotive technology segment, followed by the industrial technology segment.

Bosch has been earning highest profits from Europe. The company plans to expand in Asia, mainly in China, India, and Southeast Asia. In March 2016, the company announced that was is planning to build its own cloud computing network and connect everything from cars to smart homes.

Continental

Continental was established in 1871 and is headquartered in Germany. The company generated a total of USD 23.36 billion in revenue in 2014 from its three divisions: chassis and safety, interior, and powertrain. The company’s chassis and safety division contributed the highest revenue of USD 8.38 billion in 2014, followed by the powertrain segment. In 2014, Europe accounted for 54% of the company's total revenue, followed by the Americas with 26%. In March 2016, the company acquired a division of Advanced Scientific Concepts, which is in the business of imaging sensors used in autonomous vehicles. This acquisition will make Continental a strong competitor of Delphi Automotive, which is a big supplier of auto parts. Continental AG is also focusing on lowering the cost of sensors by increasing the number of workers.

Delphi Automotive

Delphi Automotive is a UK-based company established in 1994. The company works in four diversified segments: electrical/electronic architecture, powertrain systems, electronics and safety, and thermal systems. In 2014, electrical and electronic architecture was the largest revenue-generating segment, contributing a total of USD 8.2 billion in revenue. The company’s customer segment includes 25 of the largest automotive OEMs in the world. APAC is the key market for the company, accounting for 23% of the total revenue of the company in 2014. As of December 31, 2014, General Motors was the largest revenue-generating customer, accounting for 17% of the total sales. In 2015, Delphi Automotive invested in Quanergy Systems, a solid-state LiDAR sensor maker.

DENSO

DENSO is a Japan-based company established in 1949. The company works in multiple business segments such as powertrain control, thermal, information and safety systems, electronic, small motors, industrial systems, consumer products, and others. Of all the segments, the powertrain control segment is the major revenue-generating segment. In 2014, this segment contributed a total of USD 12.6 billion in revenue, which rose by 6.7% to reach USD 13.44 billion in 2015. The rise in revenue was due to higher automobile production volume in China, Europe, and North America.

Infineon Technologies

Infineon Technologies is a Germany-based company. The company works through its business segments including automotive, industrial power control, power management and multimarket, chip card and security, and other operating segment. In 2015, APAC accounted for 46% of the total revenue of the company. Automotive was the largest revenue-generating segment in 2015, accounting for 41% of the total revenue of the company. The company has over 10% of the global automotive semiconductor market. The company follows a product-to-system approach, which helps generate economies of scope for its products and technologies.

NXP Semiconductors

NXP Semiconductors is one of the world’s top suppliers of automotive semiconductor systems. The company manufactures in-vehicle networking, car passive keyless entry and immobilization, and car radio and car audio amplifiers. The company’s R&D expenses were USD 747 million in 2014.

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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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