A position sensor is a device that can detect, measure, record and spot the physical movement of an object and translate these it into signals suitable for processing, transmission or control. In an automotive, a position sensor is an integrated part of the vehicle system and serves various applications, such as cornering or bending light position sensors, seat position sensors, brake pedal position sensors, accelerator position sensors, chassis position sensors, clutch pedal position sensors, motion shaft position sensors, motor shaft position sensors, etc.
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. Hence, the market for automotive position sensors is anticipated to witness significant growth during the forecast period.
Growing automotive industry, especially in developing regions, is expected to be the key driver for the automotive position sensor market. Increasing road accidents are leading to rising concern regarding driver as well as passenger safety, which in turn, will also propelling the demand for automotive position sensor across the globe.
Growing demand for automation coupled with continuous developments in electronic sensor applications in automobiles is another major driver for the growth of automotive position sensor market during the forecast period. Rising environmental and health concerns have led to the introduction of stringent emission norms in several countries. The rapid adoption of various emission norms will drive the demand for automotive position sensors during the forecast period.
The challenge faced by the manufacturers in the global market for automotive position sensors is the lack of aftermarket sales channel.
The application of Hall Effect sensors in automobiles is the ongoing trend gaining traction in the automotive position sensor market. Hall Effect position sensors are used in various applications, such as crankshaft sensors to determine the firing angle of the spark plug and to set the position of the car seats and seat belts as well as in sensing the speed for anti-lock braking systems (ABS). Other technologies in the automotive position sensor market include inductive, potentiometric, magnetoresistive, reed switch, electrolytic and capacitive sensing
Changing focus of the automotive industry towards technological trends including electrification of mechanical components and autonomous driving is estimated to propel the demand for automotive position sensor market across the globe. High adoption of position sensor systems will contribute to the growth of the automotive position sensor market.
Growing automotive industry in the developing countries of Asia Pacific is expected to drive the demand for automotive position sensors during the forecast period. Existence of several major players in the automotive industry in North America and Europe is expected to be a major contributor for the growth of automotive position sensor market in the coming years.
Latin America and Middle East and Africa region are also expected to witness significant growth in the automotive industry in the coming years, which in turn, is estimated to contribute to the automotive position sensor market during the forecast period.
Examples of some of the market participants identified across the value chain of the global automotive position sensor market include:
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The global automotive position sensor market can be segmented by vehicle type, application and sales channel.
By vehicle type, the global automotive position sensor market can be segmented into:
By application, the global automotive position sensor market can be segmented into:
By Sales channel, the global automotive position sensor market can be segmented into:
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Automotive Position Sensor Market
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