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Friday 19 July 2013

Global Motor Vehicle Sensor Market Survey 2012-2018

Motor Vehicle Sensor Market – Global Industry Analysis, Size, Share, Growth and Forecast, 2012 – 2018,” the global motor vehicle sensors market is expected to reach a value of USD 25.4 billion by 2018, at a CAGR of 11.9% from 2012 to 2018. Asia Pacific held more than 40% share in the global motor vehicle sensors market in 2012 and is expected to continue dominating the global market in the coming years. The need for control and safety measures in motor vehicles is driving the market for motor vehicle sensors, globally. In addition, the rise in income levels and need for motor vehicles with advanced features are expected to contribute to the growth of the motor vehicle sensors market.

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The applications of motor vehicle sensors include engine and drivetrain, safety and security, and emission control applications along with other smaller applications. Engine and drivetrain application is the largest application segment and accounted for 34% share of the total motor vehicle sensors market in 2012. This segment is expected to reach a value exceeding USD 8.2 billion by 2018. Safety and security application is expected to remain the fastest growing segment for this market, and is expected to grow at a CAGR of 12.9% during the forecast period.

With advancements in technology, motor vehicles are now equipped with numerous sensors to provide information on different parameters and to ensure safety and comfort. 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.

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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.

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