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U.S. Motor Vehicle Sensors Market Analysis, 2020 | Industry Report

U.S. Motor Vehicle Sensors Market Analysis Report By Product, By Application And Segment Forecasts From 2014 To 2020

Report ID: MN17619770  |  Published: May 2020  |  No of Pages: 70
Format: Electronic (PDF)  |  Industry: Sensors  |  Publisher: Grand View Research

Industry Insights

The U.S. motor vehicle sensors market size is projected to grow at a significant rate of CAGR over the forecast period, 2014-2020. Rising number of initiatives by the government for passenger security and safety is a key factor propelling the market growth. These sensors help in detecting parameters like heat and speed which helps in taking preventive measures to avoid any damage.

U.S. motor vehicle sensors market

In addition, growing demand from the automobile sector is expected to positively impact the market growth. Moreover, stringent regulatory and legal policies have made the use of sensors mandatory in vehicles which in turn is projected to boost the market growth. For example, the National Highway Traffic Safety Administration (NHTSA), has established a set of standards for the installation of tire pressure monitoring systems. This helps in detecting whether the tires of the vehicle are under-inflated. Moreover, increasing consumer awareness about environment and safety is also anticipated to propel the demand for the product.

Product Insights

Based on the product, the U.S. motor vehicle sensors market is divided into process variables, physical property, chemical property, and proximity & positioning. These sensor systems are used for several applications such as cylinder deactivation, direct fuel injection, variable valve system, and tire pressure monitoring system.

Physical property type sensors are helpful to monitor physical properties like temperature, pressure, and moisture. For instance, General Motors provides an oil life system that keeps track of oil and operating temperature and also indicates when the oil should be changed. The position and proximity sensors help in providing electronic stability control in display of information. This information control allows the user to drive the vehicle with measured operating conditions.

Application Insights

Major application segments include emission control, safety & security, and engine & drivetrain sensor categories. The engine & drivetrain segment is projected to grow at a significant rate during the forecasted period. These sensors have various functions like speed monitoring, airflow monitoring, pedal monitoring with fuel adjustments. In addition, these sensors are useful in monitoring magnetic fluid levels HVAC, transmission, and coolant temperature. They also help in reducing emission and combustion temperature. Security & safety sensor monitors occupant position, tire inflation, and wheel speed. For example, these sensors are extensively used in Jaguar F-Type to send alerts to the driver for blind-spot monitoring in case of lane change.

U.S. Motor Vehicle Sensors Market Share Insights

Leading players in the market include, General Electric, Denso Corporation, Delphi Corporation, Bosch, Johnsons Controls, Agilent Technologies, Honeywell international, Northrop Grumman, Tyco International, and Rockwell Collins.

Top companies in the market are engaged in new product launch and strategic partnerships to diversify their product portfolio and enhance their consumer reach. For instance, Ford has partnered with GE to develop a sensor for monitoring battery life of vehicle. GE has also developed the sensor for Formula One cars which helps in tracking extreme conditions such as vibrations, heat, shock, and acceleration.

Report Scope

Attribute

Details

Base year for estimation

2013

Actual estimates/Historical data

2012

Forecast period

2014 - 2020

Market representation

Revenue USD Million and CAGR from 2014 to 2020

Country scope

U.S.

Report coverage             

Revenue forecast, company share, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis on the latest industry trends and opportunities in each of the sub-segments from 2012 to 2020. For the purpose of this study, Million Insights has segmented the U.S. motor vehicle sensors market report on the basis of product, application, and region:

• Product Outlook (Revenue, USD Million, 2012 - 2020)
    • Physical Property
    • Process Variable
    • Proximity & Positioning
    • Chemical Property
    • Others

• Application Outlook (Revenue, USD Million, 2012 - 2020)
    • Engine & Drivetrain
    • Safety & Security
    • Emission Control
    • Others

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Ryan Manuel
Ryan Manuel

Research Support Specialist, USA

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