Posted in | News | Automotive Sensors

Global Crankshaft Sensor Market Forecast to Grow at 18.92% CAGR

Research and Markets has announced the addition of the "Global Crankshaft Sensor Market Report" 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.

The report, Global Crankshaft Sensor Market Report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Crankshaft Sensor market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

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.

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.

Source: http://www.researchandmarkets.com/

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