- Crankshaft sensors are electronic devices in automobile engines. They monitor the position or rotational speed of crankshafts. Engine management systems make use of this information to control engine parameters. A faster-turning engine consumes more fuel. Crankshaft sensors read the engine’s speed. Thus, they are an important constituent of fuel delivery systems.
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According to a new study by Grand View Research, Inc; the crankshaft sensor market will grow at a CAGR of about 16.9% from 2015 to 2022. Technological developments and fuel-economy standards in various parts of the world are anticipated to propel market growth. Ongoing research for attaining higher fuel efficiency and reduced carbon emissions are also estimated to positively impact the market.
Crankshaft sensors face huge demand across vehicle segments. Automobile companies as well as sensor manufacturers are heavily investing in new products to improve the performance of vehicles.
The crankshaft sensor market is segmented according to vehicles, operating technologies, and geographies. The three vehicles sub-segments are light commercial vehicles, heavy commercial vehicles, and passenger cars. Operating technologies include magnetic pickup coils, hall-effect sensors, optical sensors, inductive sensors, and magneto-resistive sensors.
Optical sensors are suitable for high and low speeds. They must remain clean to ensure accurate reading. An incorrect air-to-fuel mixture due to a soiled device will lead the vehicle to run inefficiently. Therefore, optical sensors are not used in passenger cars.
Inductive sensors function as small alternators. The automobile’s ECU – Electric Control Unit detects the engine’s speed based on the pulse frequency generated by these sensors. Crankshaft sensors are also noticing huge demand in BRIC nations. In Asia Pacific; China, Japan, and India will drive the crankshaft sensor market forward.
These countries have a robust automobile sector and abundant manpower. These factors ensure the profitability of local operators. North America and Europe will generate high demand for crankshaft sensors in the forthcoming years. Stringent fuel efficiency norms and rising awareness regarding ecological sustainability in Europe will benefit the regional market.
Notable players in the crankshaft sensor market include Continental AG., Denso Corporation, Allegro MicroSystems Inc., Delphi Automotive PLC, and Infineon Technologies AG. Other participants are LeddarTech, NXP Semiconductors, Micronas Semiconductor Holding AG, Robert Bosch GmbH, and Takata Corporation.
Information Source: Grand View Research
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