Automotive Sensors Market to Reach $17.08 Billion by 2020

Increasing demand for safety and control features in the automotive and stricter emission norms to drive the automotive sensors market to $17.08 Billion by 2020.

The Report “Automotive Sensors Market Analysis – By Type (Pressure, Temperature, Speed, Oxygen, NOx, Position); By Application (Fuel Injection & Emission, Chassis, Engine, Powertrain, Safety, Telematics); By Vehicle Type – With Forecast (2015 – 2020)”, published by IndustryARC, the market to reach $17 Billion in revenue by 2020

Browse 85 Market Tables, 20 Figures spread through 275 Pages and an in-depth TOC on “Automotive Sensors Market”:

Sensors in automotives are developed to make driving easy and safe. The safety systems include active safety systems and passive safety systems. Active systems include collision avoidance systems, vision systems, telematics and others whereas passive systems include inflation of airbags during emergency, anti-whiplash and similar other safety systems. A recent report from IndustryARC estimates a strong demand for automotive sensors between 2015 and 2020 facilitated by its rapid penetration with rising automotive shipments, need to meet regulatory standards of low emissions.

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Sensors such as pressure sensors, position sensors, temperature sensors, speed sensors, MEMS sensors and others majorly find application in powertrain systems. With the implementation of Euro 6 standards each vehicle will require nearly 20 sensors per engine. The powertrain uses maximum number of sensors but the growth rate of sensors used for safety & control will be the highest during the forecast period. The awareness of safety among the people and the laws related to environment and safety drive the market of automotive sensors. The sensor volume associated with safety sensors is assessed to reach 2.24 billion units by 2020. According to such progression in safety & control sensors volume, its revenue will increase at a CAGR of 12%.

Telematics is the fastest growing application of safety & control segment and it also includes location based tracking, vehicle monitoring systems and entertainment. It is being used in all vehicle types such as cars, buses, and trucks. This system proves to be more beneficial for the fleet management companies. Besides the location tracing of the vehicle, telematics has the ability to record the mileage of the vehicles. The basic services provided by this system involve diagnostics, entertainment, information and navigation and safety and control. Out of these the safety and control applications are the prioritized service by the end-users. Usage of telematics allows an individual to make an automatic call to the service center or initiate other emergency calls. Moreover, this facility also assists the insurers to increase customer acquisition, reduce claim cost and create new revenue streams.

American region is the biggest market for automotive sensors; however, APAC is likely to surpass America by 2018. APAC market is forecast to grow at a CAGR of 17.06% through 2015-2020. The European market expected to grow at a CAGR of 15.58% in the forecast period.

The Market is analyzed by the following Applications:

  • Fuel Injection and Emission
  • Chassis
  • Engine
  • Powertrain
  • Safety & Control
  • Vehicle Security
  • Others

Following Key Players were also covered as part of the market landscape analysis:

  • Continental AG
  • Delphi Automotive Systems, LLC
  • Denso Corporation
  • Robert Bosch GmbH
  • TRW Automotive, Inc

A detailed description of vehicle type specific sensors is also mentioned which includes vehicles such as cars, buses, trucks and two-wheelers. The overall market is also presented from the perspective of different geographic regions and the key countries for this industry.  Competitive landscape for each of the product types is highlighted and market players are profiled.

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