Israel’s automotive sensors market is expected to grow to USD 0.33 billion by 2021 at a CAGR of 6.56% over the period 2016-2021. The low cost, compact size, ecofriendly nature, and bulk manufacturing capability are the key drivers that are helping the automotive sensors market grow. The development of new applications for technologies that utilize nano and micro technology will help Israel’s automotive sensor market grow. Increased R&D in the sensor industry is creating opportunities for technological advancements that open up new horizons for sensor applications. With advancements in technologies, cars are getting “smarter”, with greater number of sensors being added to each vehicle. A wireless sensor network in an automotive has significant advantages in terms of cost reduction and fuel efficiency.
The major trend driving Israel’s automotive sensor market is miniaturization and improved communication capabilities, which enable their integration into vehicles without interfering with the basic functionalities of the vehicle. The technologies that will power autonomous vehicles include smart sensing, vision imaging, human machine interface, Wi-Fi, and 4G/LTE communications. Much of these are underway at the Herzliya facility in conjunction with GM’s other R&D facility in Silicon Valley in Israel. The industry is being driven by customer preference and demand. Software-driven technology in the autonomous driving technology would primarily witness greater adoption in the luxury vehicles and relatively less in the mass market models.
Israel’s automotive sensors market is segmented on the basis of type (temperature, pressure, speed, level/position, MEMS, magnetic, gas, and inertial), and application (powertrain, body electronics, vehicle security systems, alternative fuel vehicle, and telematics).
This report gives a detailed study of the Porter’s five forces analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. The report also covers the market landscape of these players, which includes the key growth strategies and competition analysis.
The report also considers key trends that will impact the industry and profiles over 10 leading suppliers of Israel’s automotive sensors market. Some of the top companies mentioned in the report are:
- Analog Devices (U.S.)
- Delphi Automotive PLC (U.K.)
- Freescale Semiconductor Inc. (U.S.)
- General Electric Company (U.S.)
- Infineon Technologies AG (Germany)
- Robert Bosch GmbH (Germany)
- Texas Instruments (U.S.)
What the Report Offers
- Market definition for automotive sensors in Israel along with identification of key drivers and restraints for the market.
- Market analysis for Israel’s automotive sensors market, with region-specific assessments and competition analysis on a regional scale.
- Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a regional scale.
- Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
- Identification and analysis of the macro and micro factors that affect Israel’s automotive sensors market on a regional scale.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
