Know How Automotive Sensor Market to Set Phenomenal Growth from 2020 to 2025
Why to use Automotive Sensor:
Automotive sensors help in the detection of parameters which
include speed and heat and take preventive measure when in danger, thus it
becomes an important part of automobiles. Owing to technological improvement
vehicles are provided with various sensing devices which give information on
numerous parameters thus confirming security, safety, and comfort.
Due
to the increasing demand of consumers for comfort and fuel-efficiency as well
as agreeable regulations of government on safety along with emission standards,
there has been an increase in the number of devices used per vehicle.
The
switch for self-driving cars could notably drive the market of automotive
sensors as some devices are required to process intelligent data for making
autonomous decisions. For instance, Google’s self-driving cars make use of
quad-core PCs which process 1.3M laser measurements thus comes to the 20
driving decisions every second.
Request Sample Copy of This Market Research @
https://www.millioninsights.com/industry-reports/automotive-sensor-market/request-sample
Product Insights
Product
segment comprises of chemical property, proximity and positioning, process
variable and physical property. Chemical property devices scale pH levels, NOx,
oxygen and information of other gases. Owing to rising popularity of ADAS
(Advanced Driver Assistance Systems), image-sensing devices of vehicles have
observed an acute rise in the past few years. ADAS examples are automated
parking, adaptive cruise control, and lane departure warning.
Devices
of proximity and positioning are employed for controlling electronic stability
in information display along with control. Process variable comprises of flow
and level, temperature and pressure sensing devices. In 2014, the segment was
valued at USD 4.60 billion and is anticipated to grow at a CAGR of 8.2% from
2015 to 2022.
Physical
property devices are utilized to measure physical parameters like speed,
motion, vibration, and force. The segment has a revenue share of 24% in 2014
and is anticipated to dominate throughout the forecast period.
Application Insights
The
application segment comprises of safety and security, emission control and
engine and drivetrain. Safety and security accounted for over 24% of overall revenue
in 2014 and is anticipated to grow at a CAGR of 10.4% from 2015 to 2022.
Sensing devices for security and safety applications evaluate tire inflation of
occupant position along with the speed of the wheel.
For
example, Jaguar F-type makes use of these sensors to monitor blind spot and
closed vehicle sensing devised to make the driver alert regarding the existence
of another vehicle in an near lane through a visual indicator that gives
warning in the door’s mirror.
These
applications are important for the growth of industry due to the rising
adoption of features which includes anti-lock brake, rollover detection,
electronic stability control and TPMS. Engine and drivetrain segment lead the
global revenue share of USD 6.66 billion in 2014.
Devices
based on MEMS show the most promising growth due to their reduced costs and
their diverse applications range in chassis, control, security, powertrain and
body electronics. They measure pressure, flow, inertia and other parameters.
Browse Full Research Report @
https://www.millioninsights.com/industry-reports/automotive-sensor-market
For
monitoring and regulating combustion temperatures, emission control devices are
used. Compulsions of government for controlling emission globally are expected
to have a contribution to the growth of revenue throughout the forecast period.
The regulations of Environmental Protection Agency in 2007 and 2010 greatly
minimize the allowable discharge of fuel nitrogen oxides along with diesel
particulate matter.
Regional Insights
Due
to the existence of major automobile manufacturers in the Asia Pacific region,
particularly India and China, the automotive sensor market of Asia-Pacific was
the largest regional segment and is anticipated to grow at a CAGR of 9.9% from
2015 to 2022.
It
is followed by Europe which accounted for over 22% of the revenue share in
2014. North America also had a substantial share of revenue and is anticipated
to grow at a CAGR of 8.6% from 2015 to 2022. The growth is owing to the
pleasant legal situations particularly in U.S.
The
U.S. FMCSA (Federal Motor Carrier Safety Administration) has a goal to minimize
the commercial vehicle crashes by integrating with the truck industry to
provide, test and monitoring the use of onboard safety systems.
Competitive Market Share Insights
The
key players in the industry are Delphi Automotive, Analog Devices, Freescale
Semiconductor, Sensara, Denso Corporation and Robert Bosch. Denso Corporation
and Robert Bosch dominated the overall share of automotive sensor market at
over 25% in 2013.
Market Segment:
Automotive
Sensor Product Outlook (Revenue, USD Million, 2012 - 2022)
• Physical Property
• Process Variable
• Proximity & Positioning
• Chemical Property
• Others
Comments
Post a Comment