Automotive Sensors Market

Sensors have become an indispensable component of any automotive electronic control system. Sensors are the devices that transduce physical quantity like pressure or acceleration into output signals that serves as an input for the control systems. The previous devices installed in automobiles were distinct for measuring oil pressure, fuel level, coolant temperature, and others. In 1970’s, to match with theFederal Emission Regulations,  the microprocessor based automotive engine control modules were formed with new sensors such as manifold absolute pressure, air temperature, and exhaust-gas stoichiometricair-fuel-ratio operating point sensors.The increase in demand for luxury, safety, and security features in an automobile has fuelled the need for sensor systems during past few years.

This surge in the sensors market continued to grow, the traditional sensors have been complemented by the addition of new sensors with the new applications such as long range radar, optical steering torque sensors, tire pressure monitoring systems and yaw rate sensors and others. These new technologies demand robustness, accuracy and quality targets from the sensor suppliers. The factors such as, increasing government regulationspertaining to automotive safety, emissions, fuel efficiency & others, and the increasing demand from the buyers for premium luxury and safety features have all fuelled the advancements in the automotive sensor market.

In addition to the aforementioned factors, increase in the competition between automobile manufacturers, and growing vehicle demand, & hence the production across the geographies have boosted advancements in the automotive sensor market. In totality, the automotive sensor market globally is expected to grow at a compounded growth rate of around 7.00% over the period 2013 -2018.

The report encompasses the market for automotive sensors segmented by geography (Asia Pacific, North America, Europe and ROW), vehicle types (passenger vehicles and commercial vehicles), by sensor types (Pressure Sensor, Temperature Sensor, Position Sensor, Lambda Sensor (O2), NOx Sensor, Advanced Driver Assistance System Sensors)

The report features the profiles of the key players of automotive sensors system market covering their market share, financial status, products and services and further insights of their recent market developments and strategies.