Automotive Position Sensor Market: Current Analysis and Forecast (2022-2028)

Global Automotive Position Sensor Market is expected to grow at a significant rate of around 14% during the forecast period. Position sensors are used in automobiles to determine the steering wheel position, pedal positions, seat positions, and the position of various valves, knobs, and actuators. These sensors use a variety of technologies, such as wiper-arm potentiometers, optical reflection or imaging, and Hall-effect sensors, to detect their location. With continuous advancements and innovations in technology, the demand for more convenient and easy driving options will lead to increasing demand for electronic sensors in the automotive market. The growing inclination of consumers toward alternative fuel vehicle to reduce GHG emissions and surging consumer demand for vehicle safety are some other factors propelling the demand for automotive sensors across the globe. For instance, In USA registrations for new EVs soared 60% in the first three months of 2022 even though new car registrations were actually down 18% on the whole, Automotive News and Car and Driver reported, citing Experian data. EVs now account for 4.6% of all passenger vehicles being sold in the U.S.

Analog Devices Inc., Broadcom Inc., Bosch Sensortec Gmbh, Bourns Inc., Continental AG, CTS Corporation, BorgWarner Inc., DENSO CORPORATION, HELLA GmbH & Co, and Infineon Technologies AG. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst product type, liner category is anticipated to hold prominent share during the forecast period"

Based on product type, the market is divided into multi-axis, angular, linear and others. Linear position sensor holds a prominent share in the automotive position sensor market. The demand for linear position sensors in automotive applications is largely driven by government regulations for safety & efficiency and driver assistance and integration of position sensors in non-commercial vehicles.

"Amongst vehicle type, the Passenger cars segment to hold a significant share in the market in 2020"

Based on vehicle type, the market is divided into passenger cars, light commercial vehicle, and heavy commercial vehicle. The passenger car segment holds the largest share by vehicle type. The growth of segment is fueled by rising popularity of electric, hybrid and autonomous vehicles.

"Amongst application type, the powertrain segment is anticipated to hold prominent share during the forecast period"

Based on application type, the market is divided into power train, safety & security, body electronics, chassis, others. The Power train segment holds prominent share by application. Stringent emission regulations and fuel-efficiency norms formulated by governments of various countries drives the growth of automotive sensors in powertrain application.

"Asia Pacific to hold a significant share in the automotive position sensor market"

Asia Pacific dominated the automotive car sensor market in 2020 and expected to account for highest growth of automotive sensor market in coming years. The main factors which support growth of automotive sensors market in Asia Pacific region is due to large number of population and growth in the production of commercial vehicles, increasing purchasing power of consumer, surging demand for more efficient and safer vehicles, increasing use of electric vehicles and the growing adoption of advanced driver-assistance systems (ADAS) and autonomous cars owing to the stringent vehicle emission standards.

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Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional and country-level analysis of the industry.

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