The development of the automotive industry is accredited to the increased demand in automotive position sensormarket size. Market Research Future haspresented the market report related to the automotive industry aims toanalyze the current market scenario better. The automotive position sensormarket size is anticipated to advance at a CAGR of 8% with a valuation of USD 2 billion by 2027.
The escalation in technological developmentand revolutionized automotive industry through automation and digitization isexpected to increase the market share significantly over the years. A position sensor is a device that detects,measures, and records the physical movement of an object and translates into translating it into signals that get suitable for processing, transmission, and control. Inan automotive, a position sensor is a combined part of the vehicle thatserves various applications such as light position sensors, seat position sensors, motion shaft position sensors, motor shaft position sensors and more.
Driving Factors: Automotive position sensormarket size
The increasing and continuous developmentsand innovations in technology, the demand forelectronic sensors for these position sensors in the automotive market is more. Hence, the market for automotive position sensors isanticipated to witness significant growth during the forecast period.In recent times, the changing focus of the automotive industry to technologicaltrends such as electrification, autonomous driving and more has boosted the demand in the automotive position sensors market.
At the same time, the manufacturer’sinclination towards integration of position sensors in vehicles portray a positive outlook of continuous growth in the automotiveposition sensor market size. While increasing stringent governmentregulations regarding automobile safety and global car production have alsosignificantly contributed to the growth of the market.
In addition,growing automotive industry, especially in the developing regions, has beenhighly helpful in improving the subject detection and automatically improving measures in more development, which is, in turn,is expected to be the key driver for the automotive position sensor market size.Rising environmental and health apprehensionshave led to introducing stringentemission norms in several countries. This concern has made a rapid adoption of emission norms which eventually helped the automotive position sensors to increase, hence stimulating the automotive position sensormarket size over the years having a promisingfuture in the years to come.
Automotive position sensor market size: Market Segmentation
The automotive position sensor market sizehas segmented on the type, vehicle type,and high end.
By mode of type, the market, as in reportshave been segmented into multi-axis,angular, and linear.
By mode of vehicle type, the market hasbeen segmented into high end, mid end, low end and electric.
Automotive position sensor market size:Regional Analysis
The regions covered in MRFR’s report on automotiveposition sensor market size include North America, Europe, Asia-pacific andrest of the world.
North American and Europe are poised to lead the market and retain its leadership over the forecast period. The presence of several leading market players inthese regions are actively developing and adopting technologies to integratewith automotive position sensors is likely to drive the market significantly.
Meanwhile, the Asia-Pacific region is likely showing high potential mainly due tothe increase in the number of passenger vehicles operating in this region.
Market Key Players
Some of the key players in the Automotive position sensor market size are Analog Devices Inc, Avago Technologies, BoschSensortec GMBH, Bourns Inc, Continental Corporation, CTS Corporation, DelphiAutomotive, Denso Corporation, GE Measurement Control Solutions, Gill Sensor Control, Hella KGAA, Infineon Technologies, NXP Semiconductors, Sensata Technologies, TRW Automotive INC,Stoneridge INC.
27 November2018 -Melexis has announced a new member to its third-generation magneticsensor family, the MLX90378, which provides robust absolute 3D position sensing forautomotive applications including transmission sensors and gear shifters.
Whatwas the historic market size?
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Whatwill be the growth rate?
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2 SCOPEOF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.2 RESEARCH OBJECTIVE
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
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