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South Korea Automotive Sensors Market – Growth, Trends & Forecasts (2015-2020)

The South Korea automotive sensors market is expected to increase to $0.90 billion by 2018 at a CAGR of 8.46% over the period 2015-2020. The low cost & compact size, ecofriendly & bulk manufacturing capability, and energy efficient are the key drivers which are making the automotive sensors market to grow lucratively. Development of new applications for technologies which utilize nano and micro technology will help grow the South Korea automotive sensor market. Increased research and development in the sensor industry is creating opportunities for technological advancements that open up new horizon for sensor applications.

The major trend driving the South Korea automotive sensor market is miniaturization and improved communication capabilities, which enables their integration into vehicles without interfering with the basic functionalities of the vehicle. The South Korean government signed the Korea-Australia Free Trade Agreement (KAFTA) with the Australian government seeking to benefit its numerous industries (automotive) and position itself alongside competitors. Presently South Korea has developed into one of the world\'s largest automobile producers. Hyundai Kia Automotive Group is Korea\'s largest automaker.

The South Korea Automotive Sensors Market is segmented on the basis of Type (Temperature, Pressure, Speed, Level/Position, MEMS, Magnetic, Gas, and Inertial), Application (Powertrain, Body Electronics, Vehicle Security Systems, Alternative Fuel Vehicle, and Telematics).

This South Korea automotive sensors market report describes 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. It 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 South Korea Automotive Sensors Market. Some of the top companies mentioned in the report are Texas Instruments (U.S.), Robert Bosch GmbH (Germany), General Electric Company (U.S.), Analog Devices (U.S.), Infineon Technologies AG (Germany), Freescale semiconductor Inc. (U.S.), and Delphi Automotive PLC (U.K.) and among others.



What the report offers
1. Market Definition for South Korea Automotive Sensors along with identification of key drivers and restraints for the market.
2. Market analysis for the South Korea Automotive Sensors Market, with region specific assessments and competition analysis on a regional scale.
3. Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a regional scale.
4. Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
5. Identification and analysis of the Macro and Micro factors that affect the South Korea Automotive Sensors market on a regional scale.
6. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

Published By: Mordor Intelligence
Published Date: Q1 2016

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