Industry ARC Presented the Automotive Sensors Market Analysis and Forecast
The company reported that the Automotive Sensor Market is going to grow at a CAGR of 14.97% as sensors usage increases in passenger vehicles and buses globally.
Sensors are a type of transducers which detect the difference in its environment due to mechanical change and transfer it as electric signal to the concerned component. Sensors are installed in vehicles to ensure reliability and safety of the passenger. The market for Automotive Sensors has been classified as pressure sensors, temperature sensors, level sensors, oxygen sensors, NOx sensors, safety sensors and more; these sensors are used in cars, trucks, buses and two-wheelers. The most widely used sensors are the position sensors and pressure sensors. Sensors such as pressure sensors, position sensors, temperature sensors, speed sensors, MEMS sensors and others majorly find application in powertrain. Apart from powertrain, the sensors find application in engine, fuel injection and emission system, chassis, safety & control, vehicle security and a few others too.
The Global Market for Automotive Sensors is estimated to reach $17.08 Billion by 2020 growing at a CAGR of 14.97%. The major application in terms of volume will be of Safety Sensors; increasing concern for passenger safety will further drive the demand for Safety Sensors in Automotive Industry. The Market for Safety & Control Sensors is estimated to grow at a CAGR of 18.08% through the forecast period, 2015-2020.
You can find more detailed information at
Mr. Sanjay Matthews
Tel.: 1-614-588-8538 (Ext-101)