The global automotive acceleration sensor market is expected to grow at a significant CAGR during the forecast period (2021-2027). Accelerometers are used in a variety of safety systems in modern automobiles. Airbags are activated by abrupt braking during an accident. Automotive gyroscopes, on the other hand, are used for a variety of functions in advanced cars and are frequently mounted on skid-prevention systems. To detect a vehicle equilibrium, the gyroscope is placed close to the vehicle’s center of gravity. Acceleration sensors and gyroscopes are also utilized in electronic stability control (ESC) systems, which support to maintain the vehicle level when it’s speeding around a corner, and roll sensors, which detect when the vehicle has finally flipped over, allowing the airbags to deploy.
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Miniaturization and increased communication capabilities are the key market drivers, allowing them to be integrated into automobiles without interfering with the vehicle’s core functions. The key element driving the market growth is the rising need for safety and security in automobiles. Owing to increased urbanization and stable economic conditions, automotive production in developing economies are growing at a faster rate than in developed ones. Automobile manufacturers are adding more sensors in low-cost automobiles as consumers are becoming highly concerned about the safety of cars in developing economies such as India and ASEAN countries. This is projected to stimulate demand for acceleration sensors during the forecast period.
The Indian government’s decision to make the installation of specific car sensors mandatory will support boost acceleration sensor usage and demand across the segments in the Indian automobile sector. For instance, the Union Road Transport Ministry recently approved that all cars manufactured after July 1, 2019, must include airbags, seatbelt reminders, and alert systems for speeds exceeding 80 kmph, as well as reverse parking sensors and a manual override over the central locking system in the event of an emergency.
Top automotive technology companies are progressively investing in R&D initiatives and forming strategic alliances with other leading technology companies. Wabco Holdings Inc., for instance, signed a Memorandum of Understanding (MoU) with Valeo in September 2018. Valeo will offer WABCO with sophisticated short and mid-range sensors, including 77GHz radar and solid-state LiDAR, to develop and industrialize the next generation of advanced driver assistance systems (ADAS) as a fundamental building block for vehicle autonomy, as part of this deal.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
- By Type – Single, Double, and Triple
- By Technology – Piezoresistive, Capacitive, and Servo-type
- By Application – Commercial Vehicle and Passenger Vehicle
- Competitive Landscape: Robert Bosch GmbH, Continental AG, Honeywell International Inc., and Others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
- Recovery Timeline
- Deviation from pre-COVID forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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Global Automotive Acceleration Sensor Market Report
By Type
- Single
- Double
- Triple
By Technology
- Piezo-Resistive
- Capacitive
- Servo-Type
By Application
- Commercial Vehicle
- Passenger Vehicle
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
