Automotive Sensors are Making a Huge Position in Global Market due to Highest Demand for Safety
The automobile sector is one of the fastest growing sectors globally. The rising government regulations for driver safety and emission norms, the market for automotive sensors is set to increase globally. Automotive sensors are core element of a vehicle in powertrain, chassis and body electronics components. Modern vehicles are equipped with various sensors which provide critical data relating to performance, comfort, safety and convenience. The first automotive sensor found its application for the measurement of inlet manifold absolute pressure (MAP) in early ignition and fuelling control systems which are still being used. Many other sensors such as exhaust gas sensor, crankshaft position sensor, temperature sensors and air mass flow sensors are used to enhance powertrain performance. Exponential growth in government regulations owing to emission norms and vehicle driver safety is one of the major factors fueling demand of the automotive sensors market.
Automotive Sensors Market has been segmented into five segments based on type.
> Pressure Sensor
> Temperature Sensor
> Gas Sensor
> Motion Sensor
> MEMS Sensor
Out of all the types of automotive sensors in the market, the micro-electro-mechanical (MEMS) sensors segment held the biggest share due to growing demand for electronic stability programme (ESP), vehicle dynamic control (VDC), and anti-lock braking system (ABS) in emerging economies of Asia Pacific. Amongst the components, the powertrain segment held the dominant share in the global automotive sensors market. Automotive sensors are also used in climate control, airbag restraint systems, engine management systems, power steering systems, crankshaft position sensors, and camshaft position sensors.
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Powertrain segment held the largest market share in the automotive sensors market. Powertrain components include camshaft and crankshaft position sensors, fuel temperature, fuel pressure, oxygen sensor and exhaust gas recirculation (EGR) valve position among others. Among the various types, micro-electro-mechanical (MEMS) sensors held the largest market share. Increasing vehicle safety features such as Anti-lock Braking System (ABS) and Electronic Stability Programme (ESP) and vehicle dynamic control (VDC) in developing countries of Asia Pacific is one of the major factors fueling demand of MEMS sensors market. India and China are the major markets for passenger cars in Asia Pacific. In addition, increasing trend towards luxurious lifestyle is also expected to boost demand in the automotive sensors market during the forecast period. However, increasing demand for Hybrid Electric Vehicle (HEVs) and Fuel Cell Vehicle (FCVs) have resulted in the growth of current sensor, motor speed sensor and gas detection sensors in HEVs and FCVs market.
In 2014, Europe accounted for the largest market share in the automotive sensors market. Exponential growth in the logistics industry, in addition to increasing information about safety, and setup of Low Emission Zones (LEZs) in European Union is fueling the demand for HEVs which is also boosting demand of automotive sensors in this region. Asia Pacific is one of the fastest growing markets because of government regulations concerning about driver safety features. Rise in driver and occupant comfort has resulted in implications of advanced technologies. Some of the techlologies such as automatic wipers, headlight leveling, automatic climate control and parking assistance among others have resulted in the growth of automotive sensors in Asia Pacific. In addition, increasing awareness about driver safety systems such as anti-lock braking systems, electronic stability control and adaptive cruise control among others are also boosting growth of the automotive sensors market in Asia Pacific.