Motor Vehicle Sensors Market the factors that are expected to be mainly responsible for driving market growth in the next few years

With advancements in technology, motor vehicles are now equipped with numerous sensors to provide information on different parameters and to ensure safety, security and comfort. Various types of sensors used in motor vehicles are inductive, hall, ultrasonic and other sensors. These sensors are used to detect the physical parameters such as heat and speed and then convert into equivalent electrical signal for corrective measures. Motor vehicle sensors are used to detect various parameters such as speed of the vehicle, parking distance, direction for navigation, light intensity and others. These sensors are also used to detect the temperature of the engine so as to prevent damage to the vehicle due to overheating. Further, motor vehicle sensors are also used in steering systems to detect the skidding of the vehicle on sharp turnings. The sensors automatically apply brakes if skidding is detected and the vehicle is controlled. In addition to this, motor vehicle sensors are used to ensure seat belt fastening and door locks for the driver’s safety. The application of motor vehicles sensors is expected to increase substantially over the forecast period due to the increasing concerns regarding safety in vehicles. The report study on “Motor Vehicle Sensor Market – Global Industry Analysis, Size, Share, Growth and Forecast, 2012 – 2018,” analyzes this market based on its applications, product types and major geographies. It identifies the factors that are expected to be mainly responsible for driving market growth in the next few years. The report also provides an extensive analysis of the on-going market trends, restraints, and potential opportunities for the growth of the motor vehicle sensors industry.
The report analyzes geographies such as North America, Asia Pacific, Europe, and Rest of the World. The regional analysis concludes that there is significant demand for motor vehicle sensors in emerging economies in Asia Pacific. The Porter’s five force analysis provides insights into industry competition and market dynamics. The market attractiveness analysis provides a quick view of the emerging areas that are expected to offer sizeable opportunities to global market players.
The report also includes strategies for emerging and existing players and talks about the entry barriers for new entrants. To help in business decisions, the report covers company profiles of the key players in motor vehicle sensor manufacturing and explains the business strategies and recent developments in the industry. Apart from the cross sectional analysis of the motor vehicle sensor market, the report also provides competitive profiling of major players engaged in manufacturing motor vehicle sensors, their market positioning, business strategies, and various recent developments. Some of the major players profiled in the report include Continental AG, Hitachi Ltd., Valeo, Delphi, Denso Corporation, Robert Bosch GmbH and others. The report also provides a better understanding of the market with the help of different levels of the value chain. In all, the report provides a detailed analysis of the global motor vehicle sensors market along with the forecast, in terms of revenue (USD million) for all the market segments during the forecast period from 2012 to 2018.