According to a new
market report published by Transparency Market Research “Automotive
Sensors Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2015 - 2021,” the automotive sensors market was
valued at USD 20.27 billion in 2014, which is expected to reach USD
33.37 billion by 2021, growing at a CAGR of 8.7% from 2015 to 2021.
Browse the full
Automotive Sensors Market report at
http://www.transparencymarketresearch.com/automotive-sensor-market.html
Exponential growth
in government regulations owing to emission norms and vehicle driver
safety is one of the major factors fueling demand of the automotive
sensors market. The automotive sensors market has been segmented into
five segments based on type. These include pressure sensor,
temperature sensor, gas sensor, motion sensor, and MEMS sensor.
Moreover, the automotive sensors market has been segmented into by
components which include powertrain, body electronics, chassis and
safety & control.
Powertrain segment
held the largest market share in the automotive sensors market.
Powertrain components include camshaft and crankshaft position
sensors, fuel temperature, fuel pressure, oxygen sensor and exhaust
gas recirculation (EGR) valve position among others. Among the
various types, micro-electro-mechanical (MEMS) sensors held the
largest market share. Increasing vehicle safety features such as
Anti-lock Braking System (ABS) and Electronic Stability Programme
(ESP) and vehicle dynamic control (VDC) in developing countries of
Asia Pacific is one of the major factors fueling demand of MEMS
sensors market. India and China are the major markets for passenger
cars in Asia Pacific. In addition, increasing trend towards luxurious
lifestyle is also expected to boost demand in the automotive sensors
market during the forecast period. However, increasing demand for
Hybrid Electric Vehicle (HEVs) and Fuel Cell Vehicle (FCVs) have
resulted in the growth of current sensor, motor speed sensor and gas
detection sensors in HEVs and FCVs market.
In 2014, Europe
accounted for the largest market share in the automotive sensors
market. Exponential growth in the logistics industry, in addition to
increasing information about safety, and setup of Low Emission Zones
(LEZs) in European Union is fueling the demand for HEVs which is also
boosting demand of automotive sensors in this region. Asia Pacific is
one of the fastest growing markets because of government regulations
concerning about driver safety features. Rise in driver and occupant
comfort has resulted in implications of advanced technologies. Some
of the techlologies such as automatic wipers, headlight leveling,
automatic climate control and parking assistance among others have
resulted in the growth of automotive sensors in Asia Pacific. In
addition, increasing awareness about driver safety systems such as
anti-lock braking systems, electronic stability control and adaptive
cruise control among others are also boosting growth of the
automotive sensors market in Asia Pacific.
Robert Bosch GmbH,
Denso Corporation, Continental AG, Sensata Technologies Inc, Analog
Devices Inc, Infineon Technologies AG, Asahi Kasei Corporation,
Continental AG, Freescale Semiconductor Inc, and Standex Electronics.
among others, are some of the key players in the automotive sensors
market.
The market has
been segmented as follows:
Global Automotive
Sensors Market: By Type
Pressure Sensor
Temperature
Sensor
Gas Sensor
Motion Sensor
MEMS Sensor
Global Automotive
Sensors Market: By Components
Powertrain
Body Electronics
Chassis
Safety and
Control
The report
provides a cross-sectional analysis of all the above segments with
respect to the below mentioned regions.
Global Automotive
Sensors Market: By Geography
North America
U.S.
Canada
Mexico
Europe
Germany
U.K
Italy
France
Rest Of
Europe
Asia Pacific
China
India
Japan
South Korea
Rest Of Asia
Pacific
Rest of the World
South
America
Middle East
Africa
Get the free
sample report of Automotive Sensors Market at
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=230
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Transparency Market
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