Motor Vehicle Sensor Market
Motor Vehicle Sensor Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018
Press Release :
Motor vehicle sensors are the sensing devices that detect the variation or change in any parameter that is to be monitored in a motor vehicle. The global sensors market is witnessing a surge in growth, fuelled by demand for motor vehicle sensors, which in present economic scenario is the most fertile end use market for the sensor manufacturers. It provides strong base for the global sensors market growth. The motor vehicle sensors market has witnessed an upsurge over the past few years with the increased usage of sensors in safety and control applications. Rising emphasis on vehicle fuel efficiency and powertrain performance is resulting in increase in demand for different sensors such as accelerometer sensors, reverse parking sensors, and pressure sensors among others.
Sensors in motor vehicles find applications in different electrical and electronic systems designed for better comfort and safety. Motor vehicle manufacturers are now-a-days making use of advanced technology and electronic elements to provide fuel-efficiency, eco-friendliness, and safety. Estimates suggest that the increasing demand for electronically controlled systems on vehicles will consequently contribute to the growth of the automotive sensor market. On an average, each motor vehicle comprises 30 electronic systems and over 100 sensors. With the advancements made in automotive technologies, many parameters have been developed, with all aimed towards improving the safety and driving experience. There are different types of sensors available for monitoring the variations in these parameters, resulting in market growth multiplication.
Some of the important applications of sensors in motor vehicles include engine and drivetrain applications, safety and security applications, emission control applications and other smaller applications. Among all, sensors with safety and security applications, is the fastest growing segment in the global motor vehicle sensors market. The need for better safety and security is currently pushing the market demand for these sensors.
Based on product type, global motor vehicle sensors market can be categorized into physical property sensors, process variable sensors, proximity and positioning sensors, chemical property sensors, and others. The sensors in the motor vehicles used for measuring physical properties such as force, motion, vibration, and speed among others are termed as physical property sensors. It is the largest product segment in motor vehicle sensors market.
Geographically, Asia Pacific is the base of many automobile manufacturers and as a result is the largest consumer of motor vehicle sensors. It alone accounts for near about fifty percent market share of the global motor vehicle sensors market. China, which is the largest economy in the region, is also the world’s largest automotive production market. Owing to large population base and low production cost, Asia Pacific region is seeing surge in new production bases by global manufacturers. China and India individually produced more than 10 million vehicles in the year 2011.
Eyeing the lucrative growth opportunities, many players are venturing in the market. As a result, the global market for motor vehicle sensors has become highly fragmented with large number of players holding small market share Players such as Bosch, Denso, Valeo are among the leading players in the global motor vehicle sensors market Other important players engaged in motor vehicle sensors manufacturing include Continental, Delphi, Hitachi, and Analog Devices, among others.
With advancements in technology, motor vehicles are now equipped with numerous sensors to provide information on different parameters and to ensure safety, security and comfort. Various types of sensors used in motor vehicles are inductive, hall, ultrasonic and other sensors. These sensors are used to detect the physical parameters such as heat and speed and then convert into equivalent electrical signal for corrective measures. Motor vehicle sensors are used to detect various parameters such as speed of the vehicle, parking distance, direction for navigation, light intensity and others. These sensors are also used to detect the temperature of the engine so as to prevent damage to the vehicle due to overheating. Further, motor vehicle sensors are also used in steering systems to detect the skidding of the vehicle on sharp turnings. The sensors automatically apply brakes if skidding is detected and the vehicle is controlled. In addition to this, motor vehicle sensors are used to ensure seat belt fastening and door locks for the driver’s safety. The application of motor vehicles sensors is expected to increase substantially over the forecast period due to the increasing concerns regarding safety in vehicles. The report study on “Motor Vehicle Sensor Market - Global Industry Analysis, Size, Share, Growth and Forecast, 2012 – 2018,” analyzes this market based on its applications, product types and major geographies. It identifies the factors that are expected to be mainly responsible for driving market growth in the next few years. The report also provides an extensive analysis of the on-going market trends, restraints, and potential opportunities for the growth of the motor vehicle sensors industry.
The report analyzes geographies such as North America, Asia Pacific, Europe, and Rest of the World. The regional analysis concludes that there is significant demand for motor vehicle sensors in emerging economies in Asia Pacific. The Porter’s five force analysis provides insights into industry competition and market dynamics. The market attractiveness analysis provides a quick view of the emerging areas that are expected to offer sizeable opportunities to global market players.
The report also includes strategies for emerging and existing players and talks about the entry barriers for new entrants. To help in business decisions, the report covers company profiles of the key players in motor vehicle sensor manufacturing and explains the business strategies and recent developments in the industry. Apart from the cross sectional analysis of the motor vehicle sensor market, the report also provides competitive profiling of major players engaged in manufacturing motor vehicle sensors, their market positioning, business strategies, and various recent developments. Some of the major players profiled in the report include Continental AG, Hitachi Ltd., Valeo, Delphi, Denso Corporation, Robert Bosch GmbH and others. The report also provides a better understanding of the market with the help of different levels of the value chain. In all, the report provides a detailed analysis of the global motor vehicle sensors market along with the forecast, in terms of revenue (USD million) for all the market segments during the forecast period from 2012 to 2018.
This research study is particularly designed to estimate and evaluate the demand and performance of different product types of motor vehicle sensors. The report also presents a comprehensive assessment of the strategies adopted by stakeholders by segmenting the global motor vehicle sensor market as follows:
- Engine and drivetrain
- Safety and security
- Emission control
- Physical property
- Process variable
- Proximity and positioning
- Chemical property
Additionally, the report also analyzes the global motor vehicle sensor market based on geographical markets such as:
- North America
- Rest of the world (RoW)
The in-depth research and high level analysis will allow motor vehicle sensor manufacturers, lawmakers, research and development agencies, and large retailers to make informed decisions about manufacturing, designing, and marketing of motor vehicle sensors and deciding the growth strategies for gaining competitive advantage.