According to IMARC Group’s latest report, titled “Automotive Position Sensor Market Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global automotive position sensor market to continue its strong growth during the next five years.
Automotive Position sensor stands for a device which detects and converts the movement of an object from its reference position into signals. In automobiles, these sensors enable the engine control modules (ECM) to identify the position of a component and act respective to the sensor signals. Automotive position sensors offer numerous benefits in automobiles, such as precision stage positioning of equipment, machine tool monitoring, low power consumption, high feature integration, etc.
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The expanding automobile sector, coupled with the rising adoption of automotive position sensors for steering wheel positioning, automatic gear selection, throttle controlling, and managing vehicle stability, is primarily augmenting the market growth. Additionally, the growing replacement of reed and mechanical switches with these sensors in automotive shift selectors, seat positioning systems, seat belt buckle switches, etc., is also propelling the market on a global level. Apart from this, the rapid integration of position sensors with GPS-, AI-, and Internet-of-Things (IoT)-based automotive components has led to various product innovations that will continue to drive the market growth in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive position sensor market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, type, vehicle type, sales channel and application.
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/automotive-position-sensor-market
Breakup by Type:
Breakup by Vehicle Type:
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Breakup by Sales Channel:
- Original Equipment Manufacturers (OEMs)
Breakup by Application:
- Clutch, Brake and Accelerator Pedals
- Transmission and Suspension
- Gear Shifters
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined with some of the key players being Aptiv PLC, Continental AG, CTS Corporation, Delphi Automotive, Denso Corporation, HELLA GmbH & Co. KGaA, Infineon Technologies AG, Mitsubishi Electric Corporation, NXP Semiconductors N.V., OMRON Corporation, Robert Bosch GmbH, TE Connectivity Inc., Texas Instruments Incorporated and Vishay Intertechnology, Inc.
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