The automation market majorly focuses on providing safety to consumers. Along with providing seat belts, safety switches, and safety scanners that ensure maximum safety; automation markets also provide yaw rate sensors that not only ensure safety but also help the driver to take correct decisions such as applying brakes to realign the vehicle.
Increasing population and urbanization will increase the growth of the automation and aerospace industries. People are bound to buy cars for comfort, hassle-free rides, and safety. Plus, traveling for various purposes to different countries will boost the demand for flights. Also, the use of yaw rate sensors in the fields of shipping and defense will boost the market.
Key Developments in Yaw Rate Sensor Market
Diversified Technical Systems has invented a product named ARS3 Pro. This ultra-small triaxial angular rate sensor measures a high rate of angular velocity, collects pitches and yaw data in extreme shock and vibration movements. It also measures positions along with RPM virtually in any moving part. Plus this device also meets the requirements of the latest US dynamic performance.
Xsens Technologies product has invented a product named MTi-630. This device is lightweight, cost-effective and easy to integrate. It has a sensor fusion algorithm that delivers data on a drift-free roll, pitch and North referenced yaw. MTi-630 offers seamless integration in two ways; it can either be used as a standalone or can be directly mounted on a PCB.
The only factor that is affecting the yaw rate sensor market is the COVID pandemic. Due to the imposition of the lockdown, the sale of cars has reduced. Plus, various countries had stopped international flights. This has impacted the growth of the automation market and the yaw sensor market.
Automotive and the aerospace industries have undergone a radical change in terms of innovations and development as demand for vehicles and air travel continue to increase. Since the beginning of the era of automation, aftermarkets for automotive and aerospace have gained more ground across developed and emerging economies.
This has supported the proliferation of advanced internal systems such as yaw rate sensors in automobiles and aircrafts, in turn supporting the growth of yaw rate sensors market. Apart from aftermarkets, OEMs have started integration of yaw rate sensors in vehicles providing maximum assurance in terms of vehicle stability. So is the case with aircrafts, wherein yaw rate sensors ensure efficient stability while takeoff and overall flight control.
Safety being a crucial parameter, manufacturers of automobiles have integrated yaw rate sensors with electronic stability control in vehicles. A comparison between predetermined yaw rate and actual yaw rate of vehicle is displayed on screen using which corrective measure can be undertaken to enable vehicle realignment.
That said, increasing number of passenger car manufacturing, particularly across emerging nations such as China and India, is likely to fuel the demand and sales of yaw rate sensors, in turn supporting their market’s growth. In addition, replacement of yaw rate sensors is yet another sales funnel for yaw rate sensors’ manufacturers who can target potential aftermarkets, especially in the United States and countries of Europe.
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Yaw Rate Sensors Market: Dynamic
The global yaw sensors market is highly dependent on the adoption of automation in respective automobile and aircraft systems. Infrastructural growth, mounting urbanization, and increasing per capita income as well as purchasing power capacity of consumers are driving the macroeconomic growth of the automotive industry, in turn creating market space for yaw rate sensors.
The automobile and aerospace systems with better and advanced sensors are gaining traction in the global market, which is further expected to push their market globally. On the other hand, the sensors involve higher technology requirements which increases the cost of manufacturing and maintenance of the systems.
Maintaining overall vehicle cost at a competitive level, along with providing optimum safety and control is therefore expected to remain a key challenge for automobile companies, sequentially shifting part of the pricing pressure on yaw rate sensor market players as well.
Global Yaw Rate Sensor Market: Regional outlook
In order to identify related opportunities based on product type and end-use industries in respective regions, the global yaw rate sensor market is studied under various regional segments. The market in the Americas is estimated to provide sizeable opportunities owing to the well-established aerospace and automotive industry.
The European region has been estimated to hold a significant position in the market on account of stable automotive manufacturing. Rapidly growing urbanization and industrialization has significantly helped the automotive and aerospace industry in the APAC region to grow, with China emerging as a key automobile manufacturer in the world.
For the same, the APAC market is expected to witness high market value as well as growth opportunities over the forecast period 2018–2028.
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Global Yaw Rate Sensor Market: Key Players
Some of the key players identified across the value chain of global yaw rate sensor market are mentioned below:
- Diversified Technical Systems, Inc.
- Epson Europe Electronics GmbH
- InnaLabs Ltd
- Electrovac Hacht & Huber GmbH
- ETLG Inertial Aerosystems
- Kuebler Inc.
- LORD MicroStrain Sensing Systems
- MEMSIC, Inc.
- SMT ELEKTRONIK GmbH
- Texys International
- Sparton Navigation and Exploration
- Xsens Technologies B.V.
- Texys International
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends and Issues and Challenges
- Competition & Companies involved
- Value Chain
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest Of Latin America)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia, Rest Of Eastern Europe)
- South East Asia and Pacific (India, ASEAN, Oceania)
- Middle East and Africa (GCC countries, S. Africa, N. Africa, Rest Of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
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Global Yaw Rate Sensor Market: Segmentation
Global yaw rate sensors market is segmented on the basis of product type, end-use industry and regions as mentioned below.
On the basis of product type, global yaw rate sensors market can be segmented as mentioned below:
- Piezoelectric Type
- Micromechanical (MEMS) Type
On the basis of end-use industries, global yaw rate sensor market can be segmented as mentioned below:
- Passenger Cars (PC)
- Light Commercial Vehicles (LCV)
- Heavy Commercial Vehicles (HCV)
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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