The global automotive yaw rate market size is expected to gain momentum backed by the increasing road accidents and the stringent government regulations to reduce the road fatalities that is likely to drive the adoption of advanced automotive yaw rate sensors globally. This information is published by Fortune Business Insights in its upcoming report, titled, “Automotive Yaw Rate Market Size, Share & Industry Analysis, By Product Type (Piezoelectric Type, Micromechanical (MEMS) Type), By Vehicle Type (Passenger Cars, Commercial Vehicles) and Regional Forecast 2020-2027.”
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The negative effect of the global pandemic, COVID-19, has been felt across several economies facing unprecedented loss. Owing to the lockdown announced by the government agencies, several industries have been at a standstill with limited operational activities. However, a collective effort from the government and the industries is likely to bring the economy back on track and aid in the resumption of industrial activities.
The automotive yaw rate sensor is a type of gyroscopic device that is extensively used to identify the angular velocity of the vehicle across its vertical axis. The main purpose of this sensor is to maintain lateral stability of the automotive, an important parameter for the safety of the vehicle occupants.
List of the Companies Profiled in the Global Market for Automotive Yaw Rate:
- 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.
- LORD MicroStrain Sensing Systems
- Among others
Stringent Government Regulations in North America to Augment Growth
Among all the regions, North America is expected to hold the highest position in the global automotive yaw rate market during the forecast period. This is attributable to stringent government regulations regarding the passengers’ safety that is propelling the manufacturers to develop safety features such as automotive yaw rate in the region.
On the other hand, Europe is expected to hold the second position in the market backed by significant investments in developing automotive technology by the companies in the region between 2020 and 2027.
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Product Innovation by Prominent Companies to Strengthen Their Market Positions
The global market for automotive yaw rate is consolidated by the presence of major companies that are striving to maintain their presence by innovating novel sensor systems. Moreover, other key players are adopting organic and inorganic strategies that will favor the market growth during the forecast period.
- January 2020 – BMW in partnership with Bosch announced the development of Active Cruise Control (ACC) system. This autonomous system regulates the bike speed and consists of radars that detect the yaw rate, along with the speed of the vehicle to determine the path.
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