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Chassis Sensors Market Introduction

Chassis sensors are used to measure acceleration, pressure, temperature, and speed of the vehicle. This information is transmitted to the chassis control unit, which processes the information and initiates corrective actions. Chassis sensors are generally mounted on the suspension components and measure the acceleration of the body and wheel, speed, and height. In advanced technologies, such as active chassis control, chassis sensors also detect pedal position, gear selection, and work in conjunction with advance driver assistance systems

Chassis Sensors Market - Competitive Landscape

In May 2019, DENSO CORPORATION announced an investment of US$ 290 Mn to build a new plant in Guangzhou, China. Production is expected to commence from 2021, and the plant is expected to manufacture chassis control systems and components, engine controls systems, filters, and molds.

In 2016, Robert Bosch started expansion of its development center at Abstatt, Stuttgart, Germany, which is headquarter of the company’s chassis systems control division. The center is responsible for the development of chassis sensors for automotive applications.

DENSO CORPORATION                               

Established in 1949, DENSO CORPORATION, with headquarters in Kariya, Japan, is a major OE and aftermarket supplier of automotive systems, components, and technology. The company is a key player that provides chassis sensors and control systems for chassis and safety systems.

Continental AG

Continental AG is a major supplier of automotive and rubber products. The company is a key provider of chassis and safety systems globally. Continental AG has a global presence and operates through various business verticals such as powertrain, tires, chassis and safety and services.

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Robert Bosch GmbH

Established in 1886, Robert Bosch is leading supplier of automotive products to the OE and aftermarket. The company’s headquarters are located in Stuttgart, Germany and has presence in 120 locations around 60 countries. The company’s business segment covers industrial technology, consumer good, mobility solution, and energy and building technology

Chassis Sensors Market Dynamics

Increased consumer awareness and rise in demand for ride comfort

Chassis sensors enhance maneuverability and control of the vehicle. Consumers are aware of vehicle features and safety ratings and take these aspects into consideration before purchase. Rise in affordability has increased the demand for ride comfort, which in turn is driving the chassis sensor market.

Rise in demand for safety and advanced driver assistance systems

Chassis sensors help take corrective actions and consequently, improve vehicle stability. Chassis sensors are employed in advance driver assistance systems to determine ride height, acceleration and sudden decelerations. Rising demand for safety has led to the adoption of ADAS, which in turn is driving the chassis sensor market.

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Chassis Sensors Market Segmentation

Based on the sensor type, the chassis sensors market can be segmented into

  • Speed Sensor
  • Pressure Sensor
  • Position Sensor
  • Acceleration Sensor
  • Temperature Sensor

Based on the vehicle type, the chassis sensors market can be classified into

  • Passenger Vehicle
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

Based on the sales channel, the chassis sensors market can be bifurcated into

  • OEM
  • Aftermarket

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Chassis Sensors Market

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