Published On: Nov 06, 2015
The report, titled “Motor Vehicle Sensor Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018”, published by market research company Transparency Market Research presents a comprehensive overview of the global motor vehicle sensors market. As computer controlled systems became commonplace in vehicles, monitoring the operating conditions of vehicles through sensors and allowing many minor operations to be undertaken far more accurately and quickly than mechanical systems, the importance of a variety of sensors in motor vehicles has also increased manifold over the past years.
Browse the full Motor Vehicle Sensor Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018 report at https://www.transparencymarketresearch.com/motor-vehicle-sensors.html
The report states that the global market for motor vehicle sensors is expected to expand at a healthy 11.90% CAGR between 2012 and 2018 and rise to a valuation of US$25.4 bn by 2018. The report provides a 360-degree view of the global motor vehicle sensors market.The report segments the global motor vehicle sensors market on the basis of three criteria: application, product type, and geography. On the basis of application, the market is segmented into engine and drivetrain, emission control, safety and security, and others. On the basis of product type, the market is segmented into physical property, proximity and positioning, process variable, chemical property, and others. On the basis of geography, the market is segmented into North America, Asia Pacific, Europe, and the Rest of the World (RoW).
Of the key applications of motor vehicle sensors studied in the report, the market segment of engine and drivetrain held the largest share in the global market, an estimated 34%, in 2012. Over the report’s forecast period, however, the market segment of safety and security sensors is projected to expand at the fastest pace, an estimated 12.90% CAGR.
On the basis of product type, the market segment of physical property sensors is expected to acquire a major share in the market, and expand at a 12.10% CAGR over the report’s forecast period. Market valuation of this segment is expected to surpass US$8 bn by 2018. The market segment of proximity and positioning sensors is expected to expand at the fastest pace, an estimated 12.60% CAGR, over the report’s forecast period. The rising consumer focus on safety of vehicles from thefts and accidents will drive the overall demand for proximity and positioning sensors.
Geographically, the market segment of Asia Pacific led the global motor vehicle sensors market, accounting for nearly 40% of the market in 2012. Asia Pacific has lately become the hub of the global motor vehicle manufacturing sector. In 2011, China accounted for the production of over 18 mn and Japan accounted for over 8 mn vehicles of the nearly 65 mn vehicles manufactured across the globe. As the automobile industry continues to grow at a rapid pace in Asia pacific, the global market for motor vehicle sensors is expected to gain more traction in the region in coming years.
The report also presents a detailed overview of the competitive landscape of the global motor vehicle sensors market. The competitive landscape of the market is studied on the basis of detailed company profiles and recent developments in the market. Some of the key businesses operating in the market are Hitachi Automotives, Valeo, Bosch, Continental AG, and Denso.
The global motor vehicle sensor market is segmented 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)
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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