Knock Sensor Market Size, Share, Opportunities, And Trends By Type (Piezoelectric Resonant Sensor, Piezoelectric Non-Resonant Sensor), By End-Users (Automotive, Construction, Industrial, Others), And By Geography - Forecasts From 2023 To 2028
- Published : Jan 2024
- Report Code : KSI061615174
- Pages : 142
The global knock sensor market is estimated to grow at a CAGR of 3.45% during the forecast period.
A knock sensor is a device used in internal combustion engines to detect and respond to engine knock or vibration, which can cause damage to the engine, and the knock sensor sends signals to the engine control unit (ECU), which then adjusts the ignition timing and fuel injection to prevent knocking. A knock sensor comes in different types, such as piezoelectric resonant and piezoelectric non-resonant sensors, and can be used in automotive, construction, and industrial applications. The market for knock sensors is mainly driven by the increasing demand for fuel-efficient vehicles, stricter emission regulations, the increasing production and sales of automobiles worldwide, and demand for heavy equipment and machinery in construction and industrial applications.
The increasing automotive production and growing construction activities are augmenting the knock sensor demand during the forecast period.
Knocking can cause damage to the automobile engine components, such as the pistons and connecting rods, leading to costly repairs or even engine failure. A knock sensor is a vital component of modern engine management systems in automobiles as it is used to detect and prevent the knocking in the engine, and these can improve engine performance, efficiency, the engine's lifespan, and fuel economy and reduce emissions. The increasing production and usage of automobiles and stricter emission regulations will increase the demand for the knock sensor.
Knock sensors, such as generators, compressors, and heavy machinery, are also used in construction and industrial applications to improve engine performance, efficiency, and reliability. In industrial and construction applications, engines are often subject to heavy loads and harsh operating conditions, which can increase knocking and other forms of abnormal combustion. The knock sensors help to ensure that the engine operates within safe limits and maintains optimal performance under challenging conditions, thereby reducing its maintenance costs and prolonging its performance life. Overall, the demand for knock sensors increases with growth in industrial and construction activities. According to the Association of Equipment Manufacturers (AEM's) "2021 Equipment Market Outlook" report, North America's industrial equipment and heavy machinery sales increased by 6% from 2020 to 2021.
The Asia Pacific region is expected to hold a significant market share in 2021.
Asia-Pacific region is expected to hold a significant market share due to the growing automotive industry in countries such as China, South Korea, and India, increasing government regulations regarding emissions and fuel efficiency, and increasing construction activities. In May 2021, the Chinese government released an "Automotive Industry Development Plan (2021-2025)" to support the development of advanced manufacturing technologies in the automotive industry in China over the next five years, which require knock sensors for engine management and efficiency. In 2020, the Indian government launched the Production Linked Incentive (PLI) Scheme with an allocation of INR 51,311 crores for ten manufacturing sectors, including automobiles, electronic products, pharmaceuticals, textiles, and others. The government of South Korea launched the "Korean New Deal" program in 2020 with plans to invest KRW 1.7 trillion (approximately USD 1.4 billion) over the next five years in the development of advanced powertrain technologies, including knock sensors and other components that are critical for improving the efficiency and performance of the engine.
Market Developments:
- May 2021: Bosch launched a new knock sensor, "Bosch sensor 2," for gasoline engines, which provides more accurate knock detection and helps to improve engine performance.
- In April 2021: Denso announced the launch of its new knock sensor, "JFK21," with improved sensitivity and durability, suitable for use in high-performance engines.
- February 2021: Continental introduced its new knock sensor, "KSCO 3.0", which can detect knock and reduce engine damage caused by high temperatures and pressure.
Knock Sensor Market Scope:
Report Metric | Details |
Growth Rate | CAGR of 3.45% from 2021 to 2028 |
Base Year | 2021 |
Forecast Period | 2023 – 2028 |
Forecast Unit (Value) | USD Billion |
Segments Covered | Type, End-User, and Geography |
Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
Companies Covered | CTS Corporation, Delphi Technologies (Birg Warner), Facet Srl, Hella GmbH Co & KGaA, INZI Control Co. Ltd, Niterra Co. Ltd (Niterra Group), Robert Bosch LLC, Tridon Australia, Vitesco Technologies Gm, Walker Products |
Customization Scope | Free report customization with purchase |
Market Segmentation:
- By Type
- Piezoelectric Resonant Sensor
- Piezoelectric Non-Resonant Sensor
- By End-User
- Automotive
- Construction
- Industrial
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- UK
- Germany
- France
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Other
- North America
Frequently Asked Questions (FAQs)
The knock sensor market is estimated to grow at a CAGR of 3.45% during the forecast period.
Prominent key market players in the knock sensor market include CTS Corporation, Delphi Technologies (Birg Warner), Facet Srl, Hella GmbH Co & KGaA, and INZI Control Co. Ltd, among others.
The global knock sensor market has been segmented by type, end-users, and geography.
The increasing automotive production and growing construction as well as industrial activities will boost the knock sensor market growth.
Asia-Pacific region is expected to hold a significant share of the knock sensor market due to the growing automotive industry in the region.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porter’s Five Force Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitutes
4.4.5. Competitive Rivalry in the Industry
4.5. Industry Value Chain Analysis
5. KNOCK SENSOR MARKET BY TYPE
5.1. Introduction
5.2. Piezoelectric Resonant Sensor
5.3. Piezoelectric Non-Resonant Sensor
6. KNOCK SENSOR MARKET BY END-USER
6.1. Introduction
6.2. Automotive
6.3. Construction
6.4. Industrial
6.5. Others
7. KNOCK SENSOR MARKET BY GEOGRAPHY
7.1. Introduction
7.2. North America
7.2.1. USA
7.2.2. Canada
7.2.3. Mexico
7.3. South America
7.3.1. Brazil
7.3.2. Argentina
7.3.3. Others
7.4. Europe
7.4.1. Germany
7.4.2. UK
7.4.3. France
7.4.4. Spain
7.4.5. Others
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.5.2. UAE
7.5.3. Others
7.6. Asia Pacific
7.6.1. China
7.6.2. Japan
7.6.3. South Korea
7.6.4. India
7.6.5. Australia
7.6.6. Others
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.1. CTS Corporation
9.2. Delphi Technologies (Birg Warner)
9.3. Facet Srl
9.4. Hella GmbH Co & KGaA
9.5. INZI Control Co. Ltd
9.6. Niterra Co. ltd (Niterra Group)
9.7. Robert Bosch LLC
9.8. Tridon Australia
9.9. Vitesco Technologies GmbH
9.10. Walker Products
CTS Corporation
Delphi Technologies (Birg Warner)
Facet Srl
Hella GmbH Co & KGaA
INZI Control Co. Ltd
Niterra Co. ltd (Niterra Group)
Robert Bosch LLC
Tridon Australia
Walker Products
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