Posted in | News | Automotive Sensors

Global Crankshaft Sensor Market Expected to Grow at 18.92% CAGR During 2012-2016

Research and Markets has announced the addition of the "Global Crankshaft Sensor Market 2012-2016" report to their offering.

The analysts forecast the Global Crankshaft Sensor market to grow at a CAGR of 18.92 percent over the period 2012-2016. One of the key factors contributing to this market growth is the reinforcement of fuel economy standards globally. The Global Crankshaft Sensor market has also been witnessing the increasing demand for crankshaft sensors from BRIC countries. However, the slow growth of automobile sales in the world could pose a challenge to the growth of this market.

Key vendors dominating this market space are Allegro MicroSystems Inc., Asahi Kasei Corp., Continental AG, Delphi Automotive plc, Denso Corp., Infineon Technologies AG, Micronas Semiconductor Holding AG, and Robert Bosch GmbH.

Commenting on the report, an analyst from the team said: Automobile manufacturers are focusing on new customer-centric business models to provide better customer service and experience in response to the increasing competitive pressure in the market. Therefore, automobile manufacturers are increasingly developing vehicles that provide more comfort, good maneuverability, and an easy and smooth driving experience for customers to achieve better customer relationships and brand loyalty. This is leading to increased sales of automobiles and increasing the demand for automotive sensors and thus crankshaft sensors.

According to the report, one of the main drivers in this market is the implementation of stringent fuel efficiency standards. The tightening of fuel economy standards globally has a direct positive influence on the demand for automotive advanced systems which are integrated with sensors, thus resulting in increasing demand for crankshaft sensors.

Further, the report states that one of the main challenges in this market is the recent economic slowdown, which has affected the overall sales of automobiles and in turn, the Global Crankshaft Sensor market.

For more information visit http://www.researchandmarkets.com/research/6xstxs/global_crankshaft

Source: http://www.researchandmarkets.com

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