NEW YORK, May 9, 2016 /PRNewswire/ -- This BCC Research report studies the areas in the production of an automobile, which have advanced with the use of sensors and the markets for these sensors in various applications and regions. It includes forecasts through 2021.
Use this report to:
Assess current and future market trends concerning automotive sensor technologies by various market segments, such as technology, region, and applications.
Gain insight into design and production of automobile sensors, associated systems and development of new sensor technologies used or to be used in various automobiles.
Identify the areas in the production of an automobile, which have advanced with the use of sensors and the markets for these sensors in various applications and regions.
Understand the trends and approach used by leading manufacturers of autosensors and related equipment and their corporate profiles.
The global market for automobile sensors reached nearly $23.5 billion in 2015, $26.3 billion in 2016, and should reach $43.4 billion by 2021, a five year compound annual growth rate (CAGR) of 10.6% from 2016 to 2021.
The market for sensors in vehicle management systems reached $13.7 billion in 2015, $14.7 billion in 2016, and should reach $21.1 billion by 2021, a CAGR of 7.6% from 2016 to 2021.
The market for sensors in safety and support systems reached $8.0 billion in 2015, and should reach $9.7 billion in 2016 and $19.4 billion by 2021 increasing at a CAGR of 14.9% from 2016 to 2021.
STUDY GOALS AND OBJECTIVE
The global automotive sensor market reached new highs in 2015. The global automotive sensor industry is characterized by increasing electronic content in vehicles, especially for power train and safety sensors. The sensor industry is expected to experience robust growth due to mandatory emission regulations and automotive
electronics, developing potential applications toward enhanced comfort, safety, air conditioning, humidity and climate controls. Because of government regulations in various regions, the market for pressure sensors for TPMS is projected to grow in the next few years, attaining a compliance rate of 70% of all vehicles on the road around the world.
In modern automobiles, different types of sensors are needed for many important tasks, ranging from engine performance and passenger safety to comfort and vehicle dynamic behavior. The need for sensors is continuously evolving and growing. The application market for automotive sensors covers power train, body electronics, vehicle security system, safety and control. The increasing demand of Advance Driver
Assistance Systems (ADAS) and hybrid and electric vehicles are the future opportunities for automotive sensors. Sensor technologies like micro-electromechanical systems (MEMS) sensors, wireless sensors, radars, etc., are the future of automotive sensors.
MEMS sensors represent the largest market for automotive sensors, with electronic stability control (ESC) and airbags accounting for nearly half of the total automotive MEMS sensor market. A distant third in the automotive sensor market are pressure sensors for monitoring manifold air pressure, an important feedback signal to the engine control unit (ECU). ESC systems, aimed at improving vehicle safety by detecting and minimizing skids, involve up to four MEMS sensors, including high-priced gyroscopes and high-performance, low-g lateral accelerators. A new type of combo sensor is available, containing yaw-rate gyroscopes and dual-axis accelerometers with shared application-specific integrated circuits for ESC systems.
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