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In recent years, as the demand for automobiles continues to increase, the innovation and development of the automotive industries have changed dramatically. Since the beginning of the era of automation, the automotive aftermarkets have achieved greater development in advanced and emerging economies. This supports the proliferation of advanced internal systems such as yaw rate sensors in automobiles, which in turn supports the growth of the yaw rate sensor market. In addition to the aftermarket, OEMs have begun to integrate yaw rate sensors in vehicles to provide maximum assurance in terms of vehicle stability.
Safety is a critical parameter, and car manufacturers have integrated yaw rate sensors with the vehicle’s electronic stability control. The increase in the number of manufacturing of passenger car, especially in emerging countries such as China and India, may promote the demand and sales of yaw rate sensors, thereby supporting the growth of their market. In addition, for yaw rate sensor manufacturers, replacing the yaw rate sensor is another sales funnel. These manufacturers can target potential aftermarkets, especially in the United States and European countries.
The growing urbanization process and the huge demand for automation have forced the use of various safety sensors in different end-use industries, and the automotive and aerospace industries should also remain unchanged. Various sensors are used in cars and airplanes. These sensors provide accuracy and ease of operation while ensuring vehicle safety. The yaw angular velocity sensor is a gyroscope device, usually used in automobiles, to identify the angular velocity of the vehicle around its vertical axis.
Key Market Driver -
Stringent safety regulations are expected to drive the growth of the market over the forecast period.
Key Market Restraint -
Fluctuation in signal transmission and high maintenance cost may hinder the growth of this market.
It is an important part of the vehicle electronic stability control system. Yaw rate sensors are divided into two main types, namely piezoelectric and micromechanical (MEMS). In the automotive industry, the concept behind sensor installation or function is driven by the requirements for passenger safety, and its information is provided to the ESC (electronic control system) to control the yaw moment. Sensors are mainly used to improve the reliability of related systems, and this attribute is also used by manufacturers as a marketing guarantee. Taking into account these important aspects of the application and the relative simplification of product availability, the demand for yaw rate sensors is expected to increase during the forecast period, which will create huge growth opportunities for global manufacturers.
The Automotive Yaw Rate Market is segmented by product type, by vehicle type and by region. The product type segment is divided into piezoelectric type and micromechanical (MEMS) Type. The piezoelectric type is anticipated to dominate the segment over the forecast period. The yaw rate sensor is a gyroscope device that measures the angular velocity of a vehicle around its vertical axis. The output is usually measured in degrees per second or radians per second. The angle between the driving direction of the vehicle and the actual direction of the vehicle is called the slip angle, which is related to the yaw rate. This measurement is based on the Coriolis Effect. The Coriolis effect gives accurate reading and précised results, hence it is expected to maintain its dominance in the market. In the micromechanical type, Coriolis acceleration is measured by a micromechanical capture acceleration sensor placed on the oscillating element. The acceleration is proportional to the product of the yaw rate and the oscillation speed, which is electronically maintained at a constant value. By vehicle type the market is segmented into passenger cars and commercial vehicles. Passenger cars segment is anticipated to hold the major share compared to passenger cars. Rising number of roads accidents, traffic congestion and vehicular emission is are few reasons that are expected to maintain the dominance of passenger car segment in this market.
Major players operating in the global Automotive Yaw Rate Market include Diversified Technical Systems, Inc., Texys International, Epson Europe Electronics GmbH, Xsens Technologies B.V, InnaLabs Ltd, Sparton Navigation and Exploration, Electrovac Hacht & Huber GmbH, Texys International, ETLG Inertial Aerosystems, Kuebler Inc and LORD MicroStrain Sensing Systems., among others.
Geographically, the Automotive Yaw Rate Market is segmented into North America, Europe, Asia Pacific, and the rest of the world. The North America holds the maximum share of the global Automotive Yaw Rate Market and is estimated to maintain its dominance over the forecast period. Ruling bodies in this region have come up with stringent regulations in order to maintain the safety of the vehicles. Europe is anticipated to hold the second-largest position in the market. Ruling bodies in this region have heavily invested in technology to alert the driver regarding sudden obstacle. Government in this region is also promoting the use of EVs in order to reduce the vehicular emissions.
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