Orion Market Research Report Automotive Sensor Market | Page 2

A system that can measure any physical, temperature and chemical change in an automobile and sends
the signal to a further processing unit (Actuator or ECU) is known as automobile sensors. An automotive
sensor optimizes the performance of fuel, exhaust gases, and vehicle component, which further enhance
on to ride experience. Factors which are augmenting the automotive sensor market are significant growth
in automobile sector especially in luxury car segment, rising need of curb road accidents, increasing
consumer demand for safety and comfort, favorable government policies towards automobile sensors,
and growing automation in the automobile sector. Additionally, huge investment in the autonomous car
market is also driving the market growth.
Browse the full report on Automotive Sensors Market, By Vehicle Type (Passenger Cars, Commercial
Vehicle, Driverless Car), By Vehicle Component (Engine, Powertrain & Braking System, Steering &
Suspension, Safety, Luxury, Driving Assistance Sensor) – Global Trends, Market Size, Share, Growth,
Research and Forecast 2019-2025 at: https://www.omrglobal.com/industry-reports/automotive-sensor-
market/
High number of road accident is one of the major reasons for the introduction of new technology in the
vehicles such as self-driving vehicle, additionally a number of technologies are used to curb the damage
due to road accident known as active and passive safety system. Active safety systems are used to dodge
road accidents which includes Head-Up Display (HUD), Anti-Lock Braking Systems (ABS), Electronic
Stability Control (ESC), Tire Pressure Monitoring System (TPMS) and so on. The passive safety system is
utilized to control the damage after a collision/ accident. The active safety system includes airbag, seat
belt, child safety system, pedestrian safety system and so on. Apart from this much measures, automotive
accidents have a significant share of overall mortalities globally.
According to Insurance Institute for Highway Safety Highway Loss Data Institute in the US, around 35,100
people died in 2015 in road accident 32,150 crashes involving 48,950 vehicle and mortalities were 7%
higher as compared to 2014. Out of this, about 64% of the death were passenger vehicle occupants, 15%
were pedestrian, and 13% were motorcyclist. A similar trend can be observed in Canada. As per Transport
Canada, the injury rate of Canada is 450 per 100,000 people whereas mortality rate is 5.2 per 100,000 in
2015. The number of fatalities in 2015 was 1,670. About 50% of the total fatalities were faced by the
drivers and 20% by the passenger. As per Ministry of Road Transport and Highways of India, in 2016, about
480,000 road accidents were reported in the country. It caused mortalities to 150,000 people and about
500,000 people reported an injury. Around 46% of the total mortalities were in the age range of 18-35
years. Rising number of road accident, a trend toward safety can be expected which will lead to the
adoption of new technologies in active and passive safety and their electronic system. It will boost the
automotive sensor market during the forecast period globally.