Friday, 11 December 2015

Automotive Sensors Market to Grow due to Rising Demand for Automation in Automobiles : TMR

Sensors are utilized in measuring, recording, and detecting physical phenomena and consequently responding via initiating changes or transmitting information. Automotive sensors are amongst the most significant components utilized in a modern vehicle. On an average, there are approximately 60 to 80 sensors in a vehicle that provide data to the central electronic control unit (ECU).

Automotive sensors are a vehicle’s integrated part and are made for transmitting, analyzing, detecting, and displaying information on the vehicle’s performance to the driver as well as sometimes other vehicles. Automotive sensors are broadly utilized in various types of automobiles ranging from two wheelers to heavy range vehicles.

Browse Full Global Automotive Sensors Market Research Report With Complete TOC @

Factors such as the steady development of electronic sensor technology and consequently an increase in their application, rising demand for automation within automobiles, increasing safety concerns, and rising utilization of sensors within electric, semi-hybrid, and hybrid cars are amongst the prime factors augmenting the development of the automotive sensors market. Furthermore, the rising preference for a luxurious lifestyle is also predicted to fuel the market for automotive sensors in the forthcoming years.

MEMS Sensors Dominate Global Market owing to Advanced Features of ABS and VDC

On the basis of type, the global automotive sensors market is segmented into temperature sensors, pressure sensors, motion sensors, gas sensors, and micro-electro-mechanical system (MEMS) sensors. Amongst these, MEMS sensors dominated the market owing to the widespread application of electronic stability programs (ESP), anti-lock braking systems (ABS), and vehicle dynamic control (VDC) in almost every modern four-wheeler. ABS systems are also common in two wheelers these days, further improving the growth prospects of this segment.

On the basis of component, the automotive sensors market is segmented into body electronics, powertrain, safety and control, and chassis. Amongst these, the segment of powertrain sensors led the market. Powertrain components comprise oxygen sensors, crankshaft position sensors, fuel pressure sensors, exhaust gas recirculation valve position sensors, and fuel temperature sensors. In general, prime applications of automotive sensors include their usage in wipers, dashboard electronics, lighting, sunroofs, rain sensors, seats, parking, tilt alarm, climate control systems, tailgate closure and release, rear door monitoring, trailer management, anti-theft alarms, and radios, among others.

Europe Automotive Sensors Market Emerges as the Biggest Market in 2014

On the basis of geography, the automotive sensors market is segmented into Europe, Asia Pacific, North America, and Rest of the World (RoW). Amongst these, Europe held the biggest share in the global market in 2014. The reasons for the growth of the automotive sensors market in Europe include the expeditious development of the logistics industry, rising awareness about automobile safety, and the establishment of low emission zones (LEZs) in the European Union. On the other hand, Asia Pacific is the most swiftly developing market owing to government regulations supporting driver safety features. Increasing support for occupant comfort and safety has given rise to advanced technologies such as headlight leveling, automatic wipers, parking assistance, and automatic climate control systems, among others. These factors have fuelled the automotive sensors market in Asia Pacific.

Denso Corporation, Sensata Technologies Inc., Infineon Technologies AG, Continental AG, and Standex Electronics, among others, are amongst the prominent players operating in the market.

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