In-vehicle sensors are semiconductor components that gather and process information and provide input to the control systems of the vehicle. In-vehicle sensors form an essential component of electronic control systems performing various functions in vehicles. They control engine performance, provide convenience, comfort and safety to passengers, and also check the gas emissions and fuel efficiency of the vehicle. As cars are getting smarter, each vehicle on an average has 70-100 sensors on board and this is expected to increase to nearly 200 sensors per vehicle.
Analysts forecast the Global In-vehicle Sensors market will grow at a CAGR of 9.14 percent over the period 2014-2018.
The recognizes the following companies as the key players in Global In-vehicle Sensors Market: Continental AG, Delphi Automotive PLC, Denso Corp., Robert Bosch Gmb, Allegro MicroSystems Inc., Analog Devices Inc., Autoliv Inc., CTS Corp., Freescale Semiconductor Inc., Infineon Technologies AG, Melexis Microelectronic Systems, NXP Semiconductors N.V., Sensata Technologies Inc., TRW Automotive Holdings Corp.
Smart sensors are extensively used in airbag safety systems in automobiles, especially in passenger cars. Conventional airbags are not very effective in sensing collisions, whereas smart sensors can quickly sense an impending crash, its nature, the vehicle's position, and also determine the type of airbag to be used and the speed of its deployment. This helps in minimizing injuries sustained by the passengers. Therefore, in many cars, conventional sensors are being replaced by smart sensors, leading to a growth in the demand for smart sensors and to the growth of the Global In-vehicle Sensors market. For instance, the Global Smart Sensors market was valued at US$4.37 billion in 2013 and is expected to reach US$7.88 billion by 2018, growing at a CAGR of 12.9 percent.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global In-vehicle Sensors market for the period 2014-2018.
Global In-vehicle Sensors Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report segments Global In-vehicle Sensors market into three divisions: Vehicle Management, Safety and Control, and Alternate Fuel Engine Management. The segmentation is based on the application of sensors. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global In-vehicle Sensors market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, Government regulations on fuel economy and gas emission standards are one of the major drivers of the Global In-vehicle Sensors market. With developed and developing markets adopting these standards, vendors are installing sensors to track various aspects of the automobile to ensure fuel efficiency and reduce harmful emissions.
Further, the report states that changes in standards and regulations demand new and improved sensors to suit the latest norms. But developing these sensors within a stipulated timeframe could be difficult for vendors.
