Automotive Position Sensor Market: Analysis and Forecast Report (2022-2028) | UnivDatos

According to a new report published by UnivDatos, the Automotive Position Sensor Market was valued at more than USD 25 billion in 2020 and is expected to grow at a CAGR of around 14% from 2022-2028. The analysis has been segmented into Product Type (Multi-Axis, Angular, Linear and others); Vehicle type (Passenger cars, Light commercial vehicle, and Heavy commercial vehicle); Application type (Power Train, Safety & Security, Body Electronics, Chassis, Others); Region/Country. 

The Automotive Position Sensor Market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Automotive Position Sensor Market. The Automotive Position Sensor Market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Automotive Position Sensor Market at the global and regional levels.  

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Market Overview 

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 are also helpful in replacing mechanical and reed switches in seat belt buckle switches, seat position sensors, and other vehicle components. Additionally, the need for automotive position sensors is being driven up by the rising popularity of autonomous, self-driving cars. Additionally, there have been several product breakthroughs because of the growing integration of position sensors with GPS, AI, and Internet of Things (IoT)-based vehicle components. 

COVID-19 Impact  

The onset of the COVID-19 pandemic exhibits a negative influence on the global Automotive position sensor market. The stringent lockdown regulations across several nations have led to temporary shutdown of several manufacturing facilities for automotive position sensors, thereby resulting in supply chain disruptions, slow growth in the automotive industry due to COVID-19 pandemic adversely affected the automotive position sensor market. 

• 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 the automotive application is largely driven by government regulations for safety & efficiency and driver assistance and integration of position sensors in non-commercial vehicles. 
• 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. 
• 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. 

Have a Look at the Chapters  

Online Dating Market Geographical Segmentation Includes: 

• North America (United States, Canada, and Rest of North America) 
• Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe) 
• Asia-Pacific (China, Japan, India, Australia, and the Rest of Asia-Pacific)  
• Rest of the World 

Asia Pacific dominated the automotive position sensor market with a share of more than 45% in 2020. The prime factors attributed to this are rising demand for enhanced safety vehicle coupled with increasing purchasing power in the region. Emerging economies in the Asia Pacific such as India and China experience significant demand for automotive sensors. Large consumer base and green revolution drives in the region have flourished the application of sensor technology in automotive industry prominently. 

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The major players targeting the market include: 

• Analog Devices Inc. 
• Broadcom Inc. 
• Bosch Sensortec Gmbh  
• Bourns Inc.  
• Continental AG 
• CTS Corporation 
• BorgWarner Inc. 
• DENSO CORPORATION 
• HELLA GmbH & Co 
• Infineon Technologies AG 

Competitive Landscape 

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Automotive Position Sensor Market. The major players have been analyzed by using research methodologies for getting insight views on global competition. 

Key questions resolved through this analytical market research report include: 

• What are the latest trends, new patterns, and technological advancements in the Automotive Position Sensor Market? 

• Which factors are influencing the Automotive Position Sensor Market over the forecast period? 

• What are the global challenges, threats, and risks in the Automotive Position Sensor Market? 

• Which factors are propelling and restraining the Automotive Position Sensor Market? 

• What are the demanding global regions of the Automotive Position Sensor Market? 

• What will be the global market size in the upcoming years?  

• What are the crucial market acquisition strategies and policies applied by global companies? 

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