The latest market research report by Technavio on the global automotive engine oil level sensor market predicts a CAGR close to 5% during the period 2017-2021. This report provides a detailed illustration of the major factors influencing the market.
The key findings of the global automotive engine oil level sensor market:
- Rapidly increasing electronic content per vehicle: a major market driver
- In 2016, the OEMs segment dominated the market by occupying almost 85% share
- APAC dominated the global automotive engine oil level sensor market with 50% share in 2016
- Bosch, Continental, Delphi Automotive, and HELLA are the leading players in the market
This market analysis says the development of ultrasonic level sensors for diesel and biodiesel vehicles. These will be one of the major factors. That will have a positive impact on the global automotive engine oil level sensor market.
Ultrasonic fuel level sensors are specifically made for diesel and biodiesel vehicles. But these sensors can also be utilized in other vehicles. Features such as long service life, increasing use in harsh environmental conditions due to their wire-free transmitter will drive its adoption. Also, the receiver principle and long installation length of up to 1,200 mm will drive its adoption in the global market.
These will drive the growth of automotive engine oil level sensor market during the forecast period.
The availability of customized oil level sensors for OEMs by different manufacturers is one of the key trends. That will contribute to the market growth in the forthcoming years.
The customization of sensors according to customer necessities has become a major trend. And it is expected to bring in few partnerships between car manufacturers and OEMs in the coming years.
The automotive engine oil level sensor market is concentrated with the presence of major players. The players in this engine oil sensor market will witness rapid growth during the forecast period and the level of competition among the players will intensify.
The leading vendors in the market are Bosch, Continental, Delphi Automotive, and HELLA. The other prominent vendors in the market are ACDelco, Cummins Filtration, Fozmula, HERTH+BUSS, SMD Fluid Controls, TE Connectivity, and Texas Instruments.
Segmentation by end-user and analysis of the automotive engine oil level sensor market are OEMs and Aftermarket.
During 2016, the OEMs segment accounted for the major shares of the automotive engine oil level sensor market.
Factors such as the utilization of engine oil level sensors as a standard fitment in vehicles will work strongly. The presence of government regulations will contribute to the growth of this industry segment in the coming years.
Geographical segmentation is Americas, APAC, and EMEA.
APAC will be the major revenue contributor to the automotive engine oil level sensor market throughout the forecast period.
The rising demand for automobiles and the increasing investments in production and R&D activities on new technologies by global players will drive the market growth in the region.