Posted in | Automotive Sensors

Global Sensors for the Automotive Market Estimated to Grow at 11.7% CAGR from 2013 to 2022

Research and Markets has announced the addition of the "Global Sensors for the Automotive Market to 2022" report to their offering.

In modern automobiles, various sensors fulfill many important tasks ranging from engine performance and passenger safety to comfort and vehicle dynamic behavior. Although rarely visible, they contribute significantly to a vehicle's performance, quality, image and customer appeal. Early sensors were mainly analog devices which had very few applications in automobiles but today's sensors utilize digital technology which means better in efficiency and sensing performance.

The future of automotive sensors is highly dependent on sensor technologies such as MEMS (Microelectromechanical Systems sensors) sensor, wireless sensor, radar and many more. MEMS is the most promising sensor technology, replacing technologies such as magnetic Hall effect and inductive sensing. Automotive safety and control represents a growing and relatively stable market due to influences from national governments, consumers and the automakers themselves. From the perspective of application for global automotive sensors, power train sensors commanded the largest share and will continue to dominate the application market.

The volume of sensors used for automotive applications currently estimated to be 2965.37 million units in 2012 and is expected to rise from 3302.19 million units in 2013 to 8,930 million units by 2022 at an estimated CAGR of 11.7% from 2013 to 2022.

The automotive sensors market is triggered by a variety of factors. For sensors market for automotive application, worldwide vehicle production, technology developments, customer taste and government mandates are acting as a driver where as pricing issues, high expectations from automotive OEM and no availability of aftermarket are acting as a restraints. The increasing demand of advance driver assistance systems (ADAS) and hybrid and electric vehicle are the future opportunities for automotive sensors.

Key Topics Covered:

1 Introduction

2 Executive Summary

3 Market Overview

4 Product Market

5 Application Market

6 Geographical Analysis

7 Competitive Landscape

8 Company Profiles

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