2013-10-05 11:31:59 - (Temperature, Pressure, Speed, Level/Position, Oxygen, Nox) For Automotive Applications (Power Train, Body Electronics, Vehicle Security, Safety and Controls, Alternative Fuel Vehicles and Telematics)
The world has suffered from global recession from 2008-2009. Automotive industry was also hit on a massive scale dropping total automotive production from 68 million units of light vehicle production to 58 million. Recession has changed the world automotive market upside down. Sales in developed markets such as the US, Western Europe and Japan fell nearly by 9%, 2% and 4% per year from 2004 to2009, while emerging markets like Brazil, China, and India grew by almost 14%, 26% and 12% percent respectively per year during the same period. This has made emerging markets a better sensors market for automotive applications as the automotive sensors market is highly dependant on production of respective market.
Developed market such as U.S., U.K. and
Japan has technologically advanced automotive markets due to the presence prominent system suppliers, large semiconductor companies and sensor manufacturers. The size of the region, the affluence of its consumers and the competitiveness of the light vehicle market makes them a good market for sensor manufacturer. On the other hand, emerging markets like china and India, due to sharp increase in light vehicle manufacturing from 2004 till 2009 and expected continues growth in future has a positive impact on demand of automotive sensors which makes them huge market for automotive sensors.
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Government plays a significant role in growing the automotive sensors. Environmental regulations such as Euro 5, Euro 6 in Europe tend to limit pollution caused by road vehicles. These regulations require more complex and additional systems results in more electronic content in automotive. Legislation called TREAD Act in United States has made the installation of TPMS (tire pressure monitoring systems) in all vehicles mandatory. Government of United States also has made passengers airbags and side airbags compulsory which again will drive the pressure sensor market further.
In addition to market sizes and forecasts, the report also provides a detailed analysis of the market trends and factors influencing market growth, offering in-depth geographic analyses of the automotive sensors market, The report draws the competitive landscape of automotive sensors market, providing an in-depth comparative analysis of the technological and marketing strategies the key players are adopting in order to gain an edge over the their competitors.
The revenue for the sensors market for automotive applications is expected to grow from $17.15 billion in 2013 to $33.59 billion in 2022 at an estimated CAGR of 7.8%. 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.
Scope of the Report
This research report categorizes the Global sensors market for automotive on the basis of different types of sensors used in the automotive electronic systems, the applications for which the sensors are used and geographical analysis; forecasting revenues and analyzing trends in the sensors market for automative.
On the basis of product type
In this section, automotive sensors market is divided as per the type of sensors used. Temperature sensors, Pressure sensors, Speed sensors, Level/position sensors, Oxygen sensor and NOx sensor are the prominent sensor type used for various applications. Other sensors include various emerging sensor type like water sensor, Radar etc.
On the basis of automotive applications.
In this section, automotive sensors market is divided as per the applications for which the sensors are used. Powertrain, Body electronics, Vehicle Security System, Safety and Control, Alternative fuel vehicle, Telematics are the prominent automotive applications that consumes sensor to a greater extent.
On the basis of Geography
North America, Europe, Asia-Pacific and ROW are covered in the report.
North America is subdivided into U.S, Canada and Mexico
Europe is further divided into UK, Germany, France and others
Asia-Pacific is divided into China, India, Japan and others
ROW is segmented into Russia, Australia, Brazil and others
Each section will provide market data, market drivers, trends and opportunities, key players, and competitive outlook. This report will also provide market tables for covering the sub-segments and micro-markets. In addition, the report also provides more than 30 company profiles covering all the sub-segments.
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