Press release
Position Sensor Market Size & Share for Automotive- Industry Trend and Forecast 2018 - 2026
The main objective of this report is to define, describe, and forecast the global “Position Sensor Market for Automotive” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Position sensors are used in vehicles to check the position of a component of the system with respect to its reference point. Position sensors allow the occupant of the vehicle to take required action according to the signal of the sensor.
Demand for position sensors for automotive is expected to rise at a significant pace during the forecast period due to high demand for convenience features in vehicles. The demand for the position sensors for transmission and accelerator pedal has increased at a rapid rate as they provide convenience to the driver. The market of the position sensors for automotive can be affected by arrival of the autonomous vehicles in the market as it may result in the removal of the position sensors from some systems of the vehicle.
However, position sensors for automotive involve high costs and cannot be used in vehicles where cost cutting is a prime focus. This is anticipated to restrain the automotive position sensor market in the near future.
The automotive position sensor market can be segmented based on motion, application, vehicle, and region.
Based on motion the position sensor market for automotive can be divided into two categories among which the linear position sensors for automotive are expected to hold the major share of the market. Linear position sensors are used in applications where the linear motion of the component is monitored e.g. throttle position sensor. The linear position sensor segment holds a major share of the automotive position sensor market due to its application in most of the systems and are expected to grow at remarkable pace due to increasing production of the vehicles.
In terms of application, the automotive position sensor market can be classified into six major segments out of which the gear position sensor and throttle position sensor hold the major share of the market. Accelerator pedal sensor is also known as throttle position sensor and is helpful in determining the position of the accelerator. Gear position sensor and throttle position sensor have gained popularity in last few years and have a high expansion potential during the forecast period.
Based on vehicle, the automotive position sensor market can be split into three segments among which the passenger vehicle segment holds a major share of the automotive position sensor market due to higher application of the position sensors along with the high production of passenger vehicles.
In terms of region, the position sensor for automotive market can be categorized into five major categories. The position sensors market for automotive in Asia Pacific is expected to be dominant during the forecast period due to rise in production of vehicles in the region whereas position sensors has gained high popularity in the Europe region.
Key players in the automotive position sensor market are Robert Bosch GmbH, Hirschmann Automotive GmbH, Sensata Technologies, Inc., HELLA GmbH & Co. KGaA, Hitachi Ltd., Mitsubishi Electric Corporation, DENSO CORPORATION, and Continental AG.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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