Tuesday, July 5, 2016
Motor Vehicle Sensor Market : Global Industry Information, Market Forecast and Structure 2016-2022 by Credence Research
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According to a new market report published by Credence Research
Inc “Motor
Vehicle Sensor Market – Growth, Share, Opportunities,
Competitive Analysis, and Forecast 2015 – 2022,” the motor vehicle sensor
market is expected to reach US$ 28.25 Bn by 2022, with the rising production
and consumption of motor vehicles across the world. Governments of
developed countries are focusing to reduce emission and greenhouse effect which
is driving the demand for motor vehicle sensors. Increasing importance of
vehicle and drivers safety also expected to increase the demand for motor vehicle
sensors used for safety and security application across the world.
Browse Full
Report At http://www.credenceresearch.com/report/motor-vehicle-sensors-market
Based on application, the market
is classified into safety and security, engine and drivetrain, emission control
and other. Engine and drivetrain was the largest application segment for motor
vehicle sensors. The segment is expected to influence the growth of overall motor
vehicle sensors market with rising production of motor vehicles. Sensors used
for safety and security applications in motor vehicles are expected to witness
the fastest growth with rising demand for driver assistance systems and
integration of vehicle safety technologies. In addition, mandatory regulations
to reduce vehicle emission are also driving the demand for motor vehicle
sensors used for emission control application.
Physical property sensors
accounted for the largest revenue share in the overall motor vehicle sensors
market by type. Technology advancement in physical property sensor along with
improved efficiency and affordable price are driving the demand for physical
property sensors. Proximity and positioning segment is expected to witness the
fastest growth with rising demand for driver assistance and GPS systems used in
motor vehicles.
Asia Pacific is the largest as
well as the fastest growing regional market for motor vehicle sensors. China
and India are major markets for motor vehicle sensors in Asia Pacific with
rising production of motor vehicles in these regions. North America and Europe
are matured markets and expected to witness steady growth in the next six years
with improving economic conditions and increasing demand for advanced vehicles
in these regions. In addition, stringent emission control and fuel consumptions
regulations are driving the demand for sensors used for emission control
application in these regions.
The global motor vehicle sensor
industry is highly fragmented with large number of international players. Some
major players in the global motor vehicle sensor market include Denso
Corporation, Robert Bosch, Valeo, Delphi Automotives, Continental AG and Hitachi
Automotives among others.
About Us:
Credence Research is a worldwide
market research and counseling firm that serves driving organizations,
governments, non legislative associations, and not-for-benefits. We offer our
customers some assistance with making enduring enhancements to their execution
and understand their most imperative objectives. Over almost a century, we’ve
manufactured a firm extraordinarily prepared to this task.
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