Press release
Yaw Rate Sensors Market Extensive Growth Opportunities to be Witnessed by 2017 to 2027
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.
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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:
Aerospace
Automotive
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.
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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
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