Press release
Global Automotive Position Sensor Market SWOT Analysis, Growth Overview, Share And Forecast To 2033
The new report published by The Business Research Company, titled Automotive Position Sensor Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, the automotive position sensor market size has grown strongly in recent years. It will grow from $5.31 billion in 2023 to $5.68 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The automotive position sensor market size is expected to see strong growth in the next few years. It will grow to $7.45 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%.
Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=16350&type=smp
Surging Electric Vehicle Demand Fuels Growth In Automotive Position Sensor Market
The rise in demand for electric vehicles is expected to propel the growth of the automotive position sensor market going forward. Electric vehicles (EVs) are vehicles powered by electric motors that use energy stored in rechargeable batteries or other energy storage devices. The demand for electric vehicles is on the rise due to increasing environmental concerns, advancements in technology, government incentives, and the growing availability of charging infrastructure. Automotive position sensors in electric vehicles are used to accurately monitor and control the position of various components, enhancing performance, safety, and efficiency. For instance, in July 2023, according to the Internal Energy Agency, a France-based autonomous intergovernmental organization, over 2.3 million electric cars were sold in the first quarter of that year, a 25% increase from the same period last year. By the end of 2023, sales are expected to reach 14 million, representing a 35% year-on-year increase, with growth accelerating in the second half of the year. Therefore, the rise in demand for electric vehicles is driving the growth of the automotive position sensor market.
Innovative Hall Technology Sensors Revolutionize Automotive Position Sensing
Major companies operating in the automotive position sensor market are developing innovative products, such as hall technology sensors, to meet the increasing demand for precise and reliable position sensing in vehicles, enhancing performance, safety, and efficiency. Hall technology sensors are devices that detect and measure the presence, strength, and direction of a magnetic field. For instance, in October 2023, TDK Corporation, a Japan-based electronics manufacturing company, launched a new 3D HAL technology-based position sensor known as the HAL 3927. This sensor provides a ratiometric analog output and digital SENT interface based on SAE J2716 rev. 4 standards. It is specifically designed for automotive and industrial applications, offering high-resolution position measurements with a linear, ratiometric analog output and integrated wire-break detection. The HAL 3927 sensor, based on Hall technology, can measure both horizontal and vertical magnetic-field components, allowing for linear and rotary position measurements up to 360°. Additionally, it has an arbitrary programmable output characteristic that enables linearization of the output signal through up to 33 setpoints.
The automotive position sensor market covered in this report is segmented -
1) By Type: Multi-Axis, Angular, Linear, Other Types
2) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
3) By Sales Channels: Original Equipment Manufacturers (OEMs), Aftermarket
4) By Applications: Clutch, Brake And Accelerator Pedals, Engine, Transmission And Suspension, Gear Shifters, Chassis, Other Applications
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=16350&type=discount
Major companies operating in the automotive position sensor market are Robert Bosch GmbH, Panasonic Corporation, Denso Corporation, ZF Friedrichshafen AG, Continental AG, Magna International Inc., Mitsubishi Electric Corporation, Honeywell International Inc., Texas Instruments Incorporated, Aptiv Plc, Schaeffler AG, TE Connectivity, STMicroelectronics N.V., Infineon Technologies AG, Murata Manufacturing Co. Ltd., NXP Semiconductors, BorgWarner Inc., Amphenol Corporation, Analog Devices Inc., HELLA GmbH & Co. KGaA, Sensata Technologies Inc., Allegro MicroSystems Inc., Stoneridge, Melexis, CTS Corporation
Contents of the report:
1. Executive Summary
2. Automotive Position Sensor Market Report Structure
3. Automotive Position Sensor Market Trends And Strategies
4. Automotive Position Sensor Market - Macro Economic Scenario
5. Automotive Position Sensor Market Size And Growth
…..
27. Automotive Position Sensor Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/automotive-position-sensor-global-market-report
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Automotive Position Sensor Market SWOT Analysis, Growth Overview, Share And Forecast To 2033 here
News-ID: 3619865 • Views: …
More Releases from The Business research company
Leading Companies Fueling Innovation and Growth in the Private Network Services …
The private network services sector is set to experience remarkable growth as demand for secure, high-performance connectivity continues to rise across various industries. With advancements in wireless technology and evolving network needs, this market is positioning itself for widespread adoption and innovation over the coming years. Let's explore the market size, key players, driving trends, and segmentation to better understand what lies ahead.
Private Network Services Market Size and Growth Outlook…
In-Depth Examination of Segments, Industry Trends, and Key Competitors in the Po …
The policy control function as a service (PCFaaS) market is on track for substantial expansion over the coming years, driven by technological advancements and increasing demand in telecommunications. This sector is transforming rapidly as operators adapt to next-generation network requirements and cloud-native approaches. Let's delve into the market's expected valuation, key players, emerging trends, and notable segmentations shaping its future.
Significant Growth Forecast for the Policy Control Function As A Service…
Top Players and Competitive Dynamics in the Packet Optical Platform Market
The packet optical platform market is positioned for significant expansion in the coming years, driven by advances in network technology and increasing demand for high-capacity data transmission. As digital infrastructure evolves, this sector is set to play a crucial role in supporting the growing needs of data centers, telecom providers, and cloud services. Let's explore the market's projected size, key players, emerging trends, and the segments contributing to its growth.
Forecasted…
Analysis of Segmentation, Market Trends, and Competitive Landscape in the Open S …
The open source help desk software market is set to experience significant expansion in the coming years, driven by technological advancements and evolving business needs. As organizations increasingly embrace digital customer support, this market is positioned for notable growth through 2030. Below is an in-depth exploration of the market size, leading players, key trends, and segmentation insights.
Projected Market Size and Growth Rate of the Open Source Help Desk Software Market…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
