Automotive Sensors Market Poised to Reach $36.47 Billion by 2020

Increasing demand for safety and control features in the automotive and stricter emission norms to drive the automotive sensors market to $36.47 billion by 2020.

Sensors in automotive are developed to make drive 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. The IndustryARC estimates a strong demand for automotive sensors between 2015 and 2020 facilitated by its rapid penetration with rising automotive manufacturing, need of safety and low emissions.

Sensors such as pressure sensors, position sensors, temperature sensors, speed sensors, MEMS sensors and others majorly find application in powertrain. With the implementation of Euro 6 standards each vehicle will require nearly 20 odd sensors per engine. The powertrain uses maximum number of sensors but the growth rate of sensors used for safety & control will be 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 2,246.95 million units by 2020. According to such progression in safety & control sensors volume, its revenue will increase at a CAGR of 11.99%.

American region is the biggest market for automotive sensors; however, APAC is likely to surpass America by 2018. APAC market volume 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.

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Telematics is the fastest growing application of safety & control segment; Telematics is a crash-resistant black box which receives wireless information and processes the data using the fundamentals of telecommunication. The location based technology, vehicle monitoring system, entertainment and mobile communication together form application of telematics. It is used in all vehicle types such as cars, buses, and trucks. This system proves to be more beneficial for the fleet management. 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 is the prioritized service by the end-users. Use of telematics allows making an automatic call to the service center or any other emergency calls. Moreover, this facility also affects the insurers to increase customer acquisition, reduce claim cost and create new revenue streams.

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.

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“Automotive Sensors Market Forecast – IndustryARC”

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