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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Market Research Future (MRFR) predicted in the report that Automotive Position Sensors Market would cross USD 2 Billion at a CAGR of 8% by 2022.
The global market is expected to show significant changes in the industry.
Various factors like the development of top-class technologies and its easy inclusion in the mainframe, investment opportunities to boost the research segment, participation of eminent players, and stringent regulations to boost the security are expected to make sure that the market witnesses’ proper growth.Segmentation:The automotive position sensor market has been studied by MRFR experts on the basis of a segmentation that includes type and vehicle type.By type, the global market study on the automotive position sensor market has been segmented into multi-axis, angular, and linear.
The electric vehicle sensors are expected to outpace others by clocking a CAGR of 22.2% during the forecast period.
The segment is getting traction as the rising environmental concerns are boosting the uptake of such cars.
Competitive Landscape:Avago Technologies, Analog Devices Inc, Bourns Inc, Continental Corporation, Bosch Sensortec GMBH, Delphi Automotive, CTS Corporation, GE Measurement & Control Solutions, Denso Corporation, Hella KGAA, Infineon Technologies, NXP Semiconductors, Gill Sensor& Control, TRW Automotive INC, Sensata Technologies, Stoneridge INC., are some companies making a notable impact on the global automotive position sensors market.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/1679Regional Analysis:The technological brilliance of Europe and North America and a surge in the adoption of electric cars are expected to set the automotive position sensor market on an upward trajectory.
According to the latest research report published by Dhirtek Business Research, the global automotive position sensors market report provides detailed information on the factors driving the growth of the automotive position sensors market.
This pandemic is having an impact on various sectors of the economy.
It predicts that the global economy will suffer as a result of the loss of trillions of dollars.
To compete in a competitive market, the companies must identify product opportunities based on their strengths.
This study provides a platform for understanding the various exciting and rising prospects in the field of automotive position sensors, and it will help every producer, distributor, or even user understand and succeed in this burgeoning industry.
Obtain a Sample Report and the Table of Content for the Automotive Position Sensors Market Report:https://www.dhirtekbusinessresearch.com/market-report/Automotive-Position-Sensors-Market/request-for-sample-report Study Goals and Objectives of Global Automotive Position Sensors Market The report provides information on the market impact of automotive position sensors.
automotive position sensors market is growing at a rapid pace; mainly due to the improving economic conditions, worldwide that are increasing the consumers’ purchasing power and access to the quality of life.
Moreover, technological trends such as autonomous driving, connectivity, and electrification are boosting the demand in the automotive position sensors market, allowing the market to grow by leaps and bounds.According to a recently published study report by Market Research Future (MRFR), the global automotive position sensors market is projected to grow over USD 2 BN by 2022, registering approximately 8 % CAGR during the forecast period (2016 – 2022).
Additional factors substantiating market growth include growing usages of position sensors such as gear-shift position detection, brake & accelerator position detection, and steering-angle detection.Moreover, advancement of silicon-based position sensors and development of wireless sensing for automotive application are providing impetus to the market growth of automotive position sensors.
An essential factor promoting growth in this market is the end user's concerns about vehicle security and occupant and environment safety.On the other hand, factors such as the high investment required in the research and development are impeding the growth of the global automotive position sensors market.
Moreover, the increasing population with high disposable income is a major driving force behind the growth of the automotive position sensors market in these regions.
Furthermore, factors such as the stringent government regulations on vehicles’ safety, the strong increase in vehicle production and sales along with continued demand for safety and comfort features drive the market growth in these regions.The US market backed by its third largest share in global automotive position sensors market dominates the regional market.
The global Position Sensors Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the position sensors market include TE Connectivity, Honeywell, Althen Sensors, Gill Sensors & Controls Limited, Cambridge Integrated Circuits, Tekscan, Inc., Sensata Technologies, Inc., Bourns, NewTek Sensor Solutions, Novotechnik Inc., Positek Limited.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Position Sensors Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/position-sensors-market/download-sampleMarket DynamicsThe increasing focus on accurate measurements and detailed inspection in manufacturing industries is the key factor driving the market growth of position sensors.
The rising adoption of position sensors in the aviation and aerospace industry and the increasing demand to deploy these sensors in modern automobiles will propel the growth of this market.
Furthermore, the rapid adoption of advanced technologies and the rising inclination towards the automation of industrial processes will boost the market growth of position sensors.
