Market Research Reports : Transparency Market Research published new market report "Motor Vehicle Sensor Market - Global Industry Analysis, Size,
Share, Growth and Forecast, 2012 - 2018," the global motor vehicle
sensors market is expected to reach a value of USD 25.4 billion by 2018, at a
CAGR of 11.9% from 2012 to 2018. Asia Pacific held more than 40% share in the
global motor vehicle sensors market in 2012 and is expected to continue
dominating the global market in the coming years. The need for control and
safety measures in motor vehicles is driving the market for motor vehicle
sensors, globally. In addition, the rise in income levels and need for motor
vehicles with advanced features are expected to contribute to the growth of the
motor vehicle sensors market.
Browse the full report at http://www.transparencymarketresearch.com/motor-vehicle-sensors.html
The applications
of motor vehicle sensors include engine and drivetrain, safety and security,
and emission control applications along with other smaller applications. Engine
and drivetrain application is the largest application segment and accounted for
34% share of the total motor vehicle sensors market in 2012. This segment is
expected to reach a value exceeding USD 8.2 billion by 2018. Safety and
security application is expected to remain the fastest growing segment for this
market, and is expected to grow at a CAGR of 12.9% during the forecast period.
There are
different types of sensors used in motor vehicles depending on their end use.
The major product segments of motor vehicle sensors include - physical property
sensors, process variable sensors, proximity and positioning sensors, chemical
property sensors, and other sensors. Physical property sensors are widely
deployed in motor vehicles since they are used to measure vital physical
properties such as force, speed, and vibration among others.
Physical property
sensors is the largest product segment of the motor vehicle sensors market and
is expected to exceed a value of USD 8 billion by 2018, at a CAGR of 12.1%
during the forecast period. Proximity sensors are used in motor vehicles for
detecting the presence of any nearby objects without any physical contact,
while positioning sensors help in detecting the exact position of the vehicle.
Proximity and positioning sensors is the fastest growing segment in this
market, registering a CAGR of 12.6% during the same forecast period. High
growth of this segment is the result of increased focus on vehicle safety from
accidents and thefts.
Some of the major
players manufacturing motor vehicle sensors include Bosch, Denso, Valeo,
Continental AG, Delphi Automotives, and Hitachi Automotives, among others.
Bosch was leading the global motor vehicle sensors market with 13.0% share
followed by Denso in 2011.
The global motor
vehicle sensors market is segmented as below:
Motor Vehicle
Sensors Market
By application
·
Engine
and drivetrain
·
Safety
and security
·
Emission
control
·
Others
By product
·
Physical
property
·
Process
variable
·
Proximity
and positioning
·
Chemical
property
·
Others
By geography
·
North
America
·
Europe
·
Asia
Pacific
·
Rest
of the World (RoW)
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