Passenger Car Sensors Market Estimated to Reach $146.5 Billion by 2019
Considering the driving efficiency, stringent emission norms, safety and comfort factors, passenger car sensors have been an integral part playing a vital role in the vehicle. These advancements include tire pressure monitoring systems, occupant detection, electronic stability control, heating and ventilation air conditioning, advanced driver assistance systems and others. The growing demand has led to the growth of this market which in turn is responsible for technological advancements in this area. Sensors are used from engine to exhaust system of the vehicle. Majorly, sensors are used in Powertrain/Drivetrain, chassis, and body control where they monitor temperature, pressure, voltages/currents, vacuum, and other such parameters.
The growth of the automobile sensor market is directly proportional to the growth of automobile industry. One of the important factors driving the market for passenger car sensors is the growth in the vehicle production where China plays a vital role in producing large number of vehicles. The global vehicle production is expected to grow at a CAGR of 7.5% by 2020, thus stimulating the growth of the passenger car sensors markets. In addition to this, the Government regulations for safety and emissions have also supported the growth of this market. In order to meet the stringent norms and regulations for safety and emissions, the sensor manufacturers are striving hard and coming up with a number of technological advancements in electronic stability control and anti-lock braking systems such as deployment of crash avoidance technology. This technology along with others is expected to be a part of almost all the vehicles in matured markets of the U.S. & Europe by 2020. Owing to the customers demand for safety and comfort, the implementation of new technological concept of Advanced Driver Assist system (ADAS) has aided in boosting the safety and drivability factor by mitigating the effects of a driver’s flaws, where sensors have played an important role. This system also acts as a co-driver system providing real time advice, warnings, and instructions to the drivers in order to abide the traffic safety norms. These wide ranges of advantages offered by ADAS have created a positive impact on the sensor markets and boosted its use in the vehicles.
Passenger Car Sensors Market: Overview
The key manufacturers of passenger car sensors are identified as Allegro (U. S.), CTS (U. S.), Robert Bosch (Germany), Delphi (U. K.) among others. These companies contribute a major share in automotive sensor market. However, the demand for the products of these companies highly depends on the automotive OEMs, and the automotive technological advancements.
The report covers passenger car sensors market based on geography (Asia-Pacific, Europe, North America, and ROW), sensor type (pressure, temperature, NOX/O2, speed, position, and others), and application type (Powertrain/drivetrain, exhaust, interior/comfort, driver assistance system, and body control).
Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications’ web site. View the report: Passenger Car Sensors Market by Application, Sensor Type & by Geography – Trends & Forecast to 2019.