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.
Yaw Rate Sensors Market: Definition and Introduction
The ever increasing urbanization, coupled with huge demand for automation has mandated the requirement for various safety sensors among different end-use industries and the automobile and aerospace industries are not left untouched from the same. Various sensors are used in automobile and aircrafts, which provide precision as well as ease in operation, while ensuring safety of the vehicles. Yaw rate sensor is a gyroscopic device, which is commonly used in cars, and identifies the angular velocity of vehicles around its vertical axis. It acts as a vital component in vehicles’ electronic stability control systems. Yaw rate sensors are basically classified into two main type i.e. piezoelectric type and micromechanical (MEMS) type. The concept behind installation or function of sensors in the automotive industry is primarily driven by the requirement for safety of passengers and to provide the information to ESC (Electronic Control System) for controlling the yaw moment. The sensors are mainly intended to increase the reliability of the associated systems, a property which is also used as a marketing collateral by manufacturers. Considering these important aspects of applications and relative ease in product availability, the demand for yaw rate sensors is expected to increase over the forecast period (2018–2028), creating significant growth opportunities for manufacturers across the globe.
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 requirement which increases the cost of manufacturing and maintenance of the systems. Maintaining overall vehicle cost at 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: 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)
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 Americas is estimated to provide sizeable opportunities owing to well-established aerospace and automotive industry. The European region has been estimated to hold 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.
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
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.
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 Fact.MR
Fact.MR offers custom research services that help clients to get specific research solutions