Two-Wheeler Position Sensor Market to grow at a CAGR of 16.730% during 2017-2021: Bosch, Continental, DENSO, and Delphi

MarketResearchNest.com adds “Global Two-Wheeler Position Sensor Market 2017-2021” new report to its research database. The report spread across 87 pages with table and figures in it.

Research analysts forecast the global two-wheeler position sensor market to grow at a CAGR of 16.730% during the period 2017-2021.

About Two-wheeler Position Sensor
Progressive growth of technologies has driven OEMs to equip two-wheelers with high performance engines and sophisticated controls, sensors, and electronic control units (ECUs) for optimizing performance. Modern two-wheelers are equipped with sensors that relay information regarding the output to the ECU. The position sensors are used for measuring a linear or rotary displacement in various applications like the clutch, brake, and accelerator pedals. The sensors include a pedal position sensor, throttle position sensor, camshaft position sensor, crankshaft position sensor. The growing demand for fuel efficiency is pushing developments in the engine control system, and position sensor, being an important component, is gaining significant adoption. Sensors play an important role in the performance of a two-wheeler. For instance, an oxygen sensor or lambda sensor is an electronic device that gauges the amount of unburnt oxygen left in the exhaust after combustion. The information is then sent to the ECU to alter the air-fuel mixture to optimize combustions and limit emissions.

Covered in this report
The report covers the present scenario and the growth prospects of the global two-wheeler position sensor market for 2017-2021. To calculate the market size, the report considers the sales revenue of two-wheeler position sensors across the geographies.

Browse full table of contents and data tables at
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The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio's report, Global Two-wheeler Position Sensor Market 2017-2021 , has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Technavio recognizes the following companies as the key players in the global two-wheeler position sensor market: Bosch, Continental, DENSO, and Delphi

Other Prominent Vendors in the market are: Hyundai KEFICO, Pucheng Sensors, CTS, Infineon Technologies, Methode Electronics, ZF Friedrichshafen, and Sensata Technologies.

Commenting on the report, an analyst from Research team said: “The latest trend gaining momentum in the market is Development of smart position sensors. Position sensors are finding increased application in modern vehicles. The growing electrification of mechanical components has led to higher number of automotive sensors in modern vehicles, and the position sensor is one the crucial sensors among them. Position sensors have evolved from contact position sensor to contactless sensors, and the magnetic sensors in the contactless segment are becoming quite popular in the automotive market. However, magnetic sensors are exposed to stray field interference, and this is a serious challenge for their adoption.”

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According to the report, one of the major drivers for this market is Development of easy-to-use position sensors is increasing position sensor adoption. The position sensor is a crucial component in the engine management system of modern vehicles. HELLA has developed contactless inductive position sensors (CIPOS), which is gaining popularity in the market and leading to increased adoption of position sensors. The CIPOS provide better precision and are easy-to-use, and the measurement range of both linear and angular sensors can be flexibly designed. In addition to flexibility, these sensors are easy to assemble and are not sensitive to mechanical misalignment.

Further, the report states that one of the major factors hindering the growth of this market is Impact on suppliers' working capital due to low profitability. Manufacturers in the consumer electronics and automotive sectors operate at extremely low profit margins and tend to reduce their variable manufacturing costs. One of the components of variable costs is raw materials where manufacturers tend to bargain with suppliers during purchase. This intense bargaining from position sensor vendors has resulted in reduced profitability for suppliers. Further, position sensor vendors are forced to lower their product costs to remain competitive in the market. There is a high concentration of vendors in the market, which is likely to raise issues like reduction in the size of customer base and profit margins.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;

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