Automotive Position Sensors Market Trends, Analysis, Future scope, Size, Share, Forecast to 2022

13/gen/2020 08:29:01 Automotive Market Research Reports Contatta l'autore

Automotive Position Sensors Market Information Report by Type (Multi-axis, Angular, and Linear), vehicle type (High end, Mid End, Low End and electric) and by Region - Global Forecast to 2022

The automotive position sensor market is getting steam from mainly the automotive sector. The sophisticated automotive position sensors add an extra technological trend such as autonomous driving, connectivity, and electrification, which is gaining ultimate traction. The global automotive position sensor market to triple its market valuation by acquiring USD 2 billion, asserts Market Research Future (MRFR), at a CAGR of 8% CAGR, during the forecast period (2018-2022). The study is well-analyzed that includes a detailed description of the drivers and segments and presents a proper perspective of the market in the coming years.

 

Key Players

The well-known vital players in the automotive position sensor market are listed as Analog Devices Inc, Avago Technologies, Bosch Sensortec GMBH, Bourns Inc, Continental Corporation, CTS Corporation, Delphi Automotive, Denso Corporation, GE Measurement & Control Solutions, Gill Sensor& Control, Hella KGAA, Infineon Technologies, NXP Semiconductors, Sensata Technologies, TRW Automotive INC, Stoneridge INC.

Target Audience

  • Automotive Sensors manufacturing companies
  • Automotive Sensors service providers
  • Automotive industry Consultants and Investment bankers
  • Government as well as Independent Regulatory Authorities

Key Findings
The key findings of the report “Global Automotive Position Sensors Market” includes:

  • The global market volume for automotive position sensors was around 1.3 billion units in 2014
  • The global market value of automotive position sensors accounted for almost $1 billion in 2014
  • Electric vehicles sensors will be growing at the fastest CAGR at around estimated CAGR of 22.2%

Market Drivers & Trends

One of the major driving factors in the market is the growth of the automotive industry, which is motivating the increasing demands of position sensors. The recent trends in the automotive industry, along with rapid technological development and revolutionized, have improved customer services. Apart from these, the market has also welcomed an array of opportunities for growth and development, which is now anticipated to expand more in the coming years.

Coming to the automotive domain, the changing focus of the industry towards technological trends such as driving, connectivity, and electrification is expected to boost the demand in the automotive position sensors market. Adding on this, the increasing integration of position sensors in vehicles is portraying a positive outlook on the growth of automotive position sensor market. Furthermore, it is the stringent government regulations in concerns with automobile safety and mounting global car production at a rate of 4% have notably contributed to the growth of this market. On the other hand, the constant innovations have also have kept the pipeline busy, and new products are coming out to keep the buyers occupied.

Industry Segmentation

The global automotive position sensor market has been segmented amongst type, vehicle type, and high end.

By the mode of type, the market, as in study has been classified into multi-axis, angular, and linear.

By the mode of vehicle type, the market is now segmented into the high end, mid-end, low end, and electric.

Angular Position Sensors For Automotive Market Detailed Regional Analysis

The regions covered in MRFR’s study on automotive position sensor market include the key regions of North America, Europe, Asia-pacific, and Rest of the World.

Among these, North American and Europe are balanced with having the leading state of the market and would retain its leadership in the forecast period. These regions have the presence of several leading market players that are actively on the rise and adopting technologies in their automotive business to incorporate automotive position sensors. These factors are likely to drive the market significantly during the forecast period.

On the other hand, the Asia-Pacific region is also probable to show a high possibility of expansion mainly due to the surge in the number of passenger vehicles sales and usage in this region.

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