Product Insights
Product segment comprises of chemical property, proximity and positioning, process variable and physical
property. Chemical property devices scale pH levels, NOx, oxygen and information of other gases. Owing to
rising popularity of ADAS (Advanced Driver Assistance Systems), image-sensing devices of vehicles have
observed an acute rise in the past few years. ADAS examples are automated parking, adaptive cruise control,
and lane departure warning.
Devices of proximity and positioning are employed for controlling electronic stability in information display
along with control. Process variable comprises of flow and level, temperature and pressure sensing devices. In
2014, the segment was valued at USD 4.60 billion and is anticipated to grow at a CAGR of 8.2% from 2015 to
2022.
Physical property devices are utilized to measure physical parameters like speed, motion, vibration, and force.
The segment has a revenue share of 24% in 2014 and is anticipated to dominate throughout the forecast period.
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Application Insights
The application segment comprises of safety and security, emission control and engine and drivetrain. Safety
and security accounted for over 24% of overall revenue in 2014 and is anticipated to grow at a CAGR of 10.4%
from 2015 to 2022. Sensing devices for security and safety applications evaluate tire inflation of occupant
position along with the speed of the wheel.
For example, Jaguar F-type makes use of these sensors to monitor blind spot and closed vehicle sensing devised
to make the driver alert regarding the existence of another vehicle in an near lane through a visual indicator
that gives warning in the door’s mirror.
These applications are important for the growth of industry due to the rising adoption of features which includes
anti-lock brake, rollover detection, electronic stability control and TPMS. Engine and drivetrain segment lead
the global revenue share of USD 6.66 billion in 2014.
Devices based on MEMS show the most promising growth due to their reduced costs and their diverse
applications range in chassis, control, security, and powertrain and body electronics. They measure pressure,
flow, inertia and other parameters.