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.
automotive-sensor-market
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
Request
a Sample of this Report :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=230
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Us
Transparency
Market Research (TMR) is a global market intelligence company,
providing global business information reports and services. Our
exclusive blend of quantitative forecasting and trends analysis
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gather and analyze information.
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information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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