The car sensor is used to indicate pollution level of the car and manage the engine. Due to the introduction of several federal emission norms, the use of sensors in the passenger car market is increasing that drives the original equipment manufacturers (OEMs) to create a balance with government regulations, robustness, and manufacturing ability. The use of sensors in the passenger car has resulted from the complexity of vehicle electronics to new levels. Developed technology helps OEMs to deal with increasing pressure from the government. In order to meet the requirement of the passenger car owners, the passenger car sensors market has witnessed a number of developments. Microprocessor-based sensors initially used to control emissions in the passenger cars and prevent unwanted accidents. These sensors detect any changes that occur in automobile parts and indicate the about same to the user. Passenger car sensors are generally used in body control, powertrain, and chassis where they examine vacuum, pressure, temperature, currents, and other related factors.
The increasing use of sensors in the passenger cars is anticipated to boost the global passenger car sensors market growth globally in the coming years. Stringent government regulations and global pressure for pollution level may hamper the global market growth. The key factor for the growth of the passenger car sensors market is growing safety concern among passenger which will drive the market demand in the near future.
On the basis of sensor type, the global passenger car sensors market is segmented as the temperature sensor, lambda sensor, pressure sensor, position sensor, speed sensor, and so on. The application segment is further divided into advanced driver assist system (ADAS), powertrain, body control, exhaust, safety, and interior. Of which, body control segment accounted for the major market share across the globe owing to weight reduction, multiplex compatibility, and stringent safety regulations.
North America is the dominating market in the global passenger car market owing to its increasing population and stable financial conditions. Additionally, Japan and China are witnessing considerable growth in the passenger car sensors market. The booming market for passenger car sensors in the South Korea is a major driving factor of the market. In addition, Asia Pacific is growing at the fastest pace owing to increasing dual income allowing the use of safety technologies. Unstable financial conditions in Europe encourage other niche markets to grow in countries such as China and India.
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Major Market Players
Some of the major key players in the global passenger car sensors market are Eclipse Recreational Vehicles Inc., LLC, Coachmen Recreational Vehicle Company, Thor Industries Inc., Gulf Stream Coach, Inc., and Heartland Recreational Vehicles. Other key players influencing the global market are Forest River, Inc., Universal Trailer Corporation, Fleetwood RV, Monaco RV, Jayco Inc., Starcraft RV Inc., and Skyline Corporation, LLC, Inc.