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.
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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.
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.
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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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