Thursday, 4 February 2016

Increasing Trend towards Luxurious Lifestyle Due to Automotive Sensors

Automotive sensors are one of the important components used in a vehicle. The Electronic Control Unit (ECU) manages and controls multiple electrical systems in the vehicle. The various sensors present in the vehicle provide data to the ECU. In an average there are 60 – 80 sensors present in a vehicle. The sensor manages fuel economy, cam shaft position, oxygen content in the exhaust stream, air flow in engine, and coolant temperature among others. The primary focus of the sensors is to manage powertrain applications, mileage and engine emission among others.

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. ”

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.

key players
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.

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