Automotive Crankshaft and Camshaft Position Sensors - Market: Size, Share, Growth, Analysis, Key Players, Revenue, | Valuates Reports

Automotive Crankshaft and Camshaft Position Sensors - Market
The Crankshaft Position Sensor (CKP) and Camshaft Position Sensor (CMP) are used to monitor the position or rotational speed of the engine's internal rotating components, such as the camshaft(s) and crankshaft. This precise measurement is used to accurately identify the relationship between the pistons and valves in the engine.Generally, there are four types of crankshaft or camshaft position sensors: magnetic pick-up coils, Hall-effect sensors, magneto-resistive element (MRE) sensors, and optical sensors.
The global Automotive Crankshaft and Camshaft Position Sensors market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Automotive Crankshaft and Camshaft Position Sensors in various end use industries. The expanding demands from the Commercial Vehicle and Passenger Vehicle, are propelling Automotive Crankshaft and Camshaft Position Sensors market. Magnetic Sensor, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Hall Effect Sensor segment is estimated at % CAGR for the next seven-year period.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.

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Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Automotive Crankshaft and Camshaft Position Sensors, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.

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by Application

• Commercial Vehicle
• Passenger Vehicle

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