Advancement in the integrated circuit (IC) fabrication technology, or micro-fabrication, is one of the major factors for the increasing market penetration of sensors for automotive application. Micro-fabrication facilitates large scale integration of mechanical systems, with electronic devices to develop high-performance closed-loop-controlled sensors suited particularly for automotive application.
According to MEMS Journal Inc., in 2014, roughly, 85 million new light vehicles (light trucks and passenger cars) have been shipped worldwide. The annual shipment of light vehicles is expected to reach 110 million, by 2020. On an average each vehicle uses 60-100 on board sensors. With growing market of electric and hybrid cars, and upsurge in government concern towards passenger safety, the number of sensors used in the vehicle is expected to reach 200 per car by the end of 2020.
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The physical property segment is expected to become the largest market segment, during the forecast period. They are used in monitoring of moisture, pressure, temperature, and others. Powertrain was the largest market by application in 2014 which is expected to retain its leadership position, during the forecast period owing to their increased use in measuring essential parameters, including fuel injection pressure, intake air temperature, oil pressure, and coolant temperature.
Asia pacific was the largest and fastest growing automotive sensor market in 2014. The market dominance of Asia Pacific is attributed to significant growth in automotive manufacturing capacity in developing countries, such as China and India. Moreover increasing demand of passenger vehicle in developing countries also boosted up the demand of automotive sensor in the region. North America is also witnessing considerable growth in the passenger car segment after recovering from economic slowdown. The U.S., Germany, Italy, Japan, China, India, the U.K., Brazil, and France are some of the major automotive sensor market.
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Automobile manufacturers are facing crucial issues related to safety requirements from long time. As a result, the government regulation towards the passenger safety and environment has become stringent, in the recent years. Several new and advanced safety features, such as electronic stability control (ESC), advanced driver assistance systems, (ADAS), tire pressure monitoring systems (TPMS), anti-lock braking system (ABS) and others are used in passenger car and light motor vehicles globally. The vehicle safety regulation in western countries are more stringent as compared to the developing countries; however with increasing number of privately owned vehicles and increasing incidences of safety violations by the vehicle manufacturers, the vehicle safety norms and standards in the developing countries is also expected to become strict, during forecast period.
Some of the competitors in the automotive sensor market are Texas Instruments, Tekscan, Sensata Technologies, Robert Bosch GMBH, Measurement Specialties, Maxim Integrated, Infineon Technologies, GE Measurement & Control Solutions, Freescale Semiconductor, Denso Corporation, ATI Industrial Automation, Asahi Kasei Corporation, and Analog Devices.
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