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The global automotive camshaft position sensor market size will grow by USD 643.34 million during 2019-2023 at a CAGR of over 4%. The increasing adoption of DOHC engines and the development of smart position sensors are some of the factors expected to drive market growth. This market report provides a detailed analysis of the market by application (passenger cars and commercial vehicles) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Continental AG, DENSO Corp., Hella GmbH & Co. KGaA, Robert Bosch GmbH, and Valeo SA.
Automotive camshaft position sensor is an engine sensor which is used to control the intake and exhaust valves based on the position of the camshaft. Inductive sensors, hall effect sensors, and alternating current (AC) output sensors are the three different types of automotive camshaft position sensors.
Key Insights from Automotive Camshaft Position Sensor Market – Global Forecast 2019-2023
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The automotive camshaft position sensor market has witnessed the transition from contact sensors to contactless sensors to magnetic position sensors. The development of smart position technology will further boost the evolution of automotive camshaft position sensors. The inbuilt self-diagnostics available in smart position sensors continuously monitor internal failures, thereby reducing the need for additional sensing elements and frequent ECU monitoring. This technology also provides high flexibility in terms of geometric configuration, electrical interference, sensing range, and operational conditions. Although the smart sensor technology has been developed only for clutch pedal position and accelerator pedal position sensors, it is expected to be increasingly adopted in automotive camshaft position sensors in the near future. The development of smart position sensors will be one of the critical automotive camshaft position sensor market trends, which will have a positive impact on the growth of the market.
With the increase in a number of valves in an engine, the flow of intake and exhaust gases and the cooling of the engine head also improves. Hence, automotive engines with multiple valves offer better combustion, volumetric efficiency, and power output. DOHC uses two camshafts and two camshaft position sensors on each shaft to make these multiple engine valves function effectively. As a result, automotive manufacturers in several countries, including the US, China, India, and Germany, are increasingly adopting DOHC engines to enhance fuel economy and vehicle performance. This increasing adoption of DOHC engines will be a significant factor fueling the growth of the automotive camshaft position sensor market at a CAGR of over 4% during the forecast period.
The application segment has been segregated into passenger cars and commercial vehicles. The passenger cars segment accounted for the highest automotive camshaft position sensor market share in 2018. During the forecast period, this segment will grow at a slower pace than the overall automotive cam position sensor market. The commercial vehicles segment will grow at a faster pace than the overall market.
The increasing adoption of DOHC engines in passenger cars is one of the significant factors boosting the demand for automotive camshaft position sensors in passenger cars. The rising incorporation of electric content in automobiles will also contribute to the automotive camshaft position sensor market growth in this segment.
APAC accounted for the highest market share in 2018. Though the market’s growth in this region will be slower than the growth of the market in MEA and South America, the region will account for the largest automotive camshaft position sensor market share throughout the forecast period. China is a key market for automotive camshaft position sensors in this region.
The increasing demand for ICE-based commercial vehicles in APAC will fuel the growth of the automotive camshaft position sensor in this region. The automotive camshaft position sensor market in APAC will be affected by stringent emission regulations and increasing demand for HCVs in the region.
The market is concentrated. To help clients improve their position, this automotive camshaft position sensor market analysis report provides information on the competitive landscape and the products offered by various companies. Moreover, this automotive camshaft position sensor market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.
The report offers a detailed analysis of several leading automotive camshaft position sensor manufacturers, including:
Automotive camshaft position sensor market by application
Automotive camshaft position sensor market by region
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