Asia Pacific Sensor Controlled Vehicle Market Report (2019-2024) - Market Size, Share, Price, Trend and Forecast

Oct 21 2019 / By Sunny Denis


The Asia Pacific Sensor Controlled Vehicle market revenue is forecast to grow at a CAGR of over 12% through 2019 to 2024. This growth is attributed to the increasing demand of automotive, stricter emission standards and the increased demand of safety features in the automotive. In 2018, the market was valued at $26.08 billion with Safety Sensors generating over $5 billion in 2018. The Americas region accounted for a major revenue in the asia pacific sensors market generating over 4,068.60 in 2018. With many safety standards being issued, European region is poised to witness a CAGR of 15.25% during the forecast period 2019-2024.

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Major Players:

Denso Corporation, continental Ag, Texas instruments, Infineon technologies AG and others.

Major applications:

The end users are mainly the vehicle drivers like cars, trucks, buses and two wheelers. Sensors are used in almost all the parts like engines, chassis, brakes, clutch, transmission, safety and control. There are different types of sensors like pressure sensors, speed sensors, temperature sensors, Humidity sensors, safety sensors and others. Pressure sensors have their applications in engine, fuel and safety. There are different types of pressure sensors like air conditioning pressure sensor, fuel pressure sensor, oil pressure sensor and manifold pressure sensor. In the engine pressure sensors are used to to regulate power delivered by the engine whenever the vehicle is accelerated or brakes are applied and also monitor the oil and coolant pressure. For safety purpose the pressure sensors adapt to road terrain and prevent skidding of vehicles. Humidity sensors detects and measures water vapor and also detects fogged up wind screens.

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Importance of sensors:

Sensors play an important role in automotives. These enable greater degrees of vehicle automation and futuristic designs. For example, at manufacturing units, sensorised robotic arms are used for painting car bodies and measuring the thickness of the coatings being applied. Manufacturers can simply monitor the thickness of the paint being sprayed on instruments, airbag claddings and various internal parts of the vehicles using sensors.

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  • The study provides an in-depth analysis of the asia pacificsensors market to elucidate the prominent investment pockets in the market.
  • Current trends and future estimations have been outlined to determine the overall attractiveness, and to single out profitable trends to gain a stronger foothold in the market.
  • The report provides information regarding key drivers, restraints, and opportunities along with their impact analysis.
  • The market is analyzed based on various regions namely, North America, Europe, Asia-Pacific, and LAMEA.