What is Automotive Yaw Rate Sensor Market?
Angular rate sensors measure a change in angular velocity about an axis in degrees per second or radians per second. These instruments use vibrating structure gyroscopes and play a key role in electronic stability control systems. Yaw sensor measures vehicle rotation about its vertical axis. Directional Control - achieved by Angular rate sensors – is a function that assists the driver, in the event of understeer and oversteer conditions. Rising demand for autonomous cars has been the major driver. New car sales are predicted to rise by 30% in the US, China, and Europe.
Highlights from Automotive Yaw Rate Sensor Market Study
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Robert Bosch GmbH (Germany), ZF Friedrichshafen (Germany), Continental AG (Germany), General Motors (United States), Kubler Group (Germany), Baumer Group (Switzerland), DTS - Diversified Technical Systems (United States), Epson Europe Electronics GmbH (Germany), Sensonor AS (Norway) and DIS Sensors (Netherlands) |
Research Analyst at AMA predicts that Germans Vendors will contribute to the maximum growth of Global Automotive Yaw Rate Sensor market throughout the forecasted period.
Robert Bosch GmbH (Germany), ZF Friedrichshafen (Germany), Continental AG (Germany), General Motors (United States), Kubler Group (Germany), Baumer Group (Switzerland), DTS - Diversified Technical Systems (United States), Epson Europe Electronics GmbH (Germany), Sensonor AS (Norway) and DIS Sensors (Netherlands) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are InnaLabs (Ireland), Silicon Sensing Systems Ltd (United Kingdom), Xsens Technologies B.V. (Netherlands), ETLG Inertial Aerosystems (United Kingdom), Epson Electronics (Germany) and Electrovac Hacht & Huber GmbH (Germany). Automotive Yaw Rate Sensor Market Segmentation:
Scope | Sub-Segments |
---|
Application / End User | Passenger Car and Commercial Vehicle |
Type | Piezoelectric Type and Micromechanical Type |
On the basis of geography, the market of Automotive Yaw Rate Sensor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Developing Nations Are Fast Growing Markets for Automotive Sector
Market Growth Drivers:
Increase in Automotive Sales Worldwide
Challenges:
Fierce Competition Is Keeping Prices Down
Restraints:
Economic Slowdown Affecting Automotive Sales
Opportunities:
The increasing penetration of autonomous vehicles will have a positive impact on the market and Younger, technically savvy generations will play a key role in driving the automotive industry
Market Leaders & Development Strategies
In June 2021, Vishay Precision Group, Inc., a leading producer of precision sensors and sensor-based systems, acquired California-based Diversified Technical Systems, Inc. (DTS), a leading manufacturer of data acquisition systems and sensors for product and safety was acquired test.