U.S. Motor Vehicle Sensors Market is expected to reach USD 6.29 billion by 2020, according to a new study by Grand View Research, Inc. Favourable government mandates pertaining to emission standards and safety are expected to drive the market over the forecast period.
Enhancement of Corporate Average Fuel Economy (CAFE) standards coupled with new regulations mandating the incorporation of Electronic Stability Control (ESC) systems in light vehicles is expected to play a pivotal role in the U.S. motor vehicle sensors market growth. Passage of The Transportation Recall Enhancement, Accountability and Documentation (TREAD) Act, directing adoption of Tire Pressure Monitoring System (TPMS) in new vehicles is expected to increase sensor sales. Owing to the need for periodical replacement of TPMS and oxygen sensors, aftermarket sensor sales are expected to constitute a substantial market share, thereby supplementing the high demand for motor vehicle sensors from OEMs.
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Further key findings from the study suggest:
View all Related Reports from same Category by Grand View Research: http://www.grandviewresearch.com/industry/sensors-and-controls
For the purpose of this study, Grand View Research has segmented the U.S. motor vehicles sensors market on the basis of product and application:
U.S. Motor Vehicles Sensors Product Outlook (Revenue, USD Million, 2012 – 2020)
• Physical Property
• Process Variable
• Proximity & Positioning
• Chemical Property
U.S. Motor Vehicles Sensors Application Outlook (Revenue, USD Million, 2012 – 2020)
• Engine & Drivetrain
• Safety & Security
• Emission Control
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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