What is Automotive Position Sensors Market Scope?
The growth in the Automotive Industry directly translates into increasing demand in the Automotive Position Sensor market. Recent trends in the automotive industry with rapid technological development and revolutionized the automotive industry through automation and digitization are going to provide ample opportunities for growth and development. The changing focus of the Automotive Industry to technological trends such as autonomous driving, connectivity, and electrification is expected to boost the demand in the Automotive Position Sensors market.
The Automotive Position Sensors market study is being classified by Type (Multi-axis, Angular and Linear), by Application (Passenger Vehicle and Commercial Vehicle) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Players from United States will contribute to the maximum growth of Global Automotive Position Sensors market throughout the predicted period.
Analog Devices (United States), Avago Technologies (United States), Bosch Sensortec (Germany), Bourns (United States), Continental Corporation (Germany), CTS Corporation (United States), Delphi Automotive (Ireland), Denso Corporation (Japan), GE Measurement & Control Solutions (United States) and Gill Sensor& Control (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Hella (Germany), Infineon Technologies (Germany), NXP Semiconductors (Netherlands), Sensata Technoliges (United States), TRW Automotive (United States) and Stoneridge (United States).
Analyst at AMA have segmented the market study of Global Automotive Position Sensors market by Type, Application and Region.
On the basis of geography, the market of Automotive Position Sensors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Influencing Market Trend
- The emerging trend towards plant automation in process industries is generating high demand for position sensors
- Increasing electrification in automobiles
- Increasing the use of alternative fuel vehicles
- Stringent government regulations regarding emission standards and safety
- The growing use of automotive sensors with increasing autonomous vehicles
- Increasing the integration of position sensors in vehicles portray a positive outlook of continuous growth in the Automotive Position Sensor market.
- Low preference for diesel cars
- Safety threats in autonomous cars
Key Target AudienceAutomotive Sensors manufacturing companies, Automotive Sensors service providers, Automotive industry Consultants and Investment bankers, Government as well as Independent Regulatory Authorities and Others
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