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According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) “Motor Vehicle Sensor Market – Global Industry Analysis, Size, Share, Growth and Forecast, 2012 – 2018,” the global motor vehicle sensors market is expected to reach a value of USD 25.4 billion by 2018, at a CAGR of 11.9% from 2012 to 2018. Asia Pacific held more than 40% share in the global motor vehicle sensors market in 2012 and is expected to continue dominating the global market in the coming years. The need for control and safety measures in motor vehicles is driving the market for motor vehicle sensors, globally. In addition, the rise in income levels and need for motor vehicles with advanced features are expected to contribute to the growth of the motor vehicle sensors market.
Browse the full report at http://www.transparencymarketresearch.com/motor-vehicle-sensors.html
The applications of motor vehicle sensors include engine and drivetrain, safety and security, and emission control applications along with other smaller applications. Engine and drivetrain application is the largest application segment and accounted for 34% share of the total motor vehicle sensors market in 2012. This segment is expected to reach a value exceeding USD 8.2 billion by 2018. Safety and security application is expected to remain the fastest growing segment for this market, and is expected to grow at a CAGR of 12.9% during the forecast period.
