Market World Automotive Sensor Market | Page 3

For monitoring and regulating combustion temperatures, emission control devices are used. Compulsions of government for controlling emission globally are expected to have a contribution to the growth of revenue throughout the forecast period. The regulations of Environmental Protection Agency in 2007 and 2010 greatly minimize the allowable discharge of fuel nitrogen oxides along with diesel particulate matter. Regional Insights Due to the existence of major automobile manufacturers in the Asia Pacific region, particularly India and China, the automotive sensor market of Asia-Pacific was the largest regional segment and is anticipated to grow at a CAGR of 9.9% from 2015 to 2022. It is followed by Europe which accounted for over 22% of the revenue share in 2014. North America also had a substantial share of revenue and is anticipated to grow at a CAGR of 8.6% from 2015 to 2022. The growth is owing to the pleasant legal situations particularly in U.S. The U.S. FMCSA (Federal Motor Carrier Safety Administration) has a goal to minimize the commercial vehicle crashes by integrating with the truck industry to provide, test and monitoring the use of onboard safety systems. Competitive Market Share Insights The key players in the industry are Delphi Automotive, Analog Devices, Freescale Semiconductor, Sensara, Denso Corporation and Robert Bosch. Denso Corporation and Robert Bosch dominated the overall share of automotive sensor market at over 25% in 2013. Market Segment: Automotive Sensor Product Outlook (Revenue, USD Million, 2012 - 2022) • Physical Property • Process Variable • Proximity & Positioning • Chemical Property • Others Automotive Sensor Application Outlook (Revenue, USD Million, 2012 - 2022) • Engine & Drivetrain • Safety & Security