Automotive Position Sensors Market Leading Companies, Growth Potential, Global Size, Forecast 2023
Automotive Position Sensors Market Research 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
Automotive Position Sensors Market Overview:
The growth in the Automotive Industry directly translates into increasing demand in the Automotive Position Sensor market. Recent trends in the automotive industry with rapid technological development and revolutionized automotive industry through automation and digitization is going to provide ample opportunities for growth and development.
The changing focus of the Automotive Industry to technological trends such as autonomous driving, connectivity and electrification is expected to boost the demand in the Automotive Position Sensors market. Increasing integration of position sensors in vehicles portray a positive outlook of continuous growth in the Automotive Position Sensor market. Stringent Government regulations regarding automobile safety and increasing global car production at a rate of 4% have also significantly contributed to the growth of this market.
Automotive Position Sensor Market is expected to register high growth at a rate of around 8% and reach USD 2 billion by 2022.
The prominent players in the Automotive Position Sensors Market are-
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 Technoliges, TRW Automotive INC, Stoneridge INC.
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Automotive Position Sensors Market Segmentation:
The Automotive Position Sensor market has been segmented on the basis of type as Multi-axis, Angular, and Linear. On the basis of Vehicle type the market has been segmented as High end, Mid End, Low End and electric.
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%
Study Objectives of Automotive Position Sensors Market
To provide detailed analysis of the market structure along with forecast for the next 6 years of the various segments and sub-segments of the Global Automotive Position Sensors Market
To analyze and provide insights about factors affecting the market growth
To Analyze the Global Automotive Position Sensors Market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
To provide historical and forecast revenue of the market segments and sub-segments with respect to respect to regions and their respective key countries
Regional Analysis of Automotive Position Sensors
Europe and North America has been the leading regions for the Automotive Position Sensor market mainly due to the existence of various major players in this region. With rapid technological development the Position sensor market in this region is expected to show high growth. Asia-Pacific is another region which is showing high potential mainly due to the increase in the number of passenger vehicles in this region.
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Automotive Sensors manufacturing companies
Automotive Sensors service providers
Automotive industry Consultants and Investment bankers
Government as well as Independent Regulatory Authorities
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