Global Automotive Position Sensor Market 2017-2021

Overview of the global automotive position sensor market

Technavio's research analysis on the global automotive position sensor market identifies that the stringent regulations on emission control will be one of the major factors that will have a positive impact on the growth of the market. The rising environmental and health concerns have led numerous countries across the world to introduce strict emission norms. Lowering the automotive emissions and fuel consumption rates is the primary aim of setting tougher emission norms. The rising adoption of various emission norms drives the demand for automotive position sensors. Moreover, these legislations will mandate the implementation of better powertrain technologies that will increase the position sensor adoption in new vehicles. Developing countries like India are also implementing stringent regulations that will positively impact the position sensor market. For instance, in 2016, the Indian government introduced the adoption of BS-VI norms by skipping BS-V norms by 2020. Our market research analysts predict that this market will grow at a CAGR of close to 7% by 2021.

The rising popularity of hall-effect position sensors is one of the key trends that will gain traction in this market during the next few years. Hall-effect sensors are widely used in the automotive market for different applications and will be a vital component for the automotive position sensor market during the forecast period. For instance, hall effect position sensor is increasingly used in applications such as crankshaft sensor for the firing angle of the spark plug which lead to the growth of the crankshaft sensor market. Also, the hall effect position sensors are used to set the positions of the car seats and seat belts, and in detecting wheel speeds for the anti-lock braking system (ABS).

Competitive landscape and key vendors  

The automotive position sensor market consists of numerous international vendors. The market will grow at a rapid pace due to the rising competition among automobile manufacturers since they use engine control systems and emission reduction technologies as a distinguishing factor. Also, the introduction of legislation standards for emission control will also offer significant growth opportunities to vendors in this automotive sensor market.

The leading vendors in the market are ?

• Bosch
• Continental
• DENSO
• Delphi Automotive
• HELLA KGaA Hueck & Co
• Sensata Technologies

The other prominent vendors in the market are CTS, Infineon Technologies, Methode Electronics, Mitsubishi Electric, NXP Semiconductors, and ZF.

Segmentation by vehicle type and analysis of the automotive position sensor market

• Commercial vehicles
• Passenger cars

During 2016, the passenger cars segment accounted for the major shares of the automotive position sensor market. Factors such as the increased introduction of better powertrain systems, engine control systems and high adoption of position sensor systems will contribute to the growth of this automotive sensor market in the passenger cars segment.

Geographical segmentation and analysis of the automotive position sensor market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the automotive position sensor market throughout the forecast period. Significant investments in infrastructure and industrialization and the implementation of emission norms have increased the demand for commercial vehicles and this  in turn, is fueling the demand for automotive position sensors in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global automotive position sensor market?
• What are the key market trends impacting the growth of the global automotive position sensor market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive position sensor market?
• What are the market opportunities and threats faced by the vendors in the global automotive position sensor market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global automotive position sensor market?

Technavio also offers customization on reports based on specific client requirement.

Position sensors are devices which measure how far an object has traveled from its starting reference position, in absolute or relative terms. These sensors then give feedback to the control system, which then takes appropriate action. The upcoming report on the global automotive position sensor market is an essential component of the automotive industry. Our market research report for the automotive electronics sector also comprises of an in-depth analysis of a wide range of business assessment parameters such as market size, growth rate, prominent vendors, and key insights.

Research analyst at Technavio carry out an exhaustive secondary research by thoroughly analyzing proprietary tools and database, research journals, industry reports, and webinars and podcasts. To offer a holistic overview of the market, our market research analysts also carry out primary research to analyze the upcoming trends, identify key drivers, and challenges faced by vendors operating in this market space.

The report on the global automotive position sensor market also presents an overview of the level of competition in the market by covering vendors such as Continental, Bosch, CTS, Delphi, Denso, GE Measurement, Hella, Infineon, NXP, and Sensata. Automobiles are mostly equipped with many position sensors, but the one for the engine provides critical information about the engine status and its performance. This helps detect early warning signs and prolongs the engine life.

The report also provides segment-wise data by taking into account data and insights gathered from geographic regions such as the Americas, EMEA, and APAC. From the collected data and insights, the clients can get information on emerging markets, best performing market, and markets with high growth potential. The upcoming research report on the global automotive position sensor market also recognizes key drivers, emerging trends, technological advancements, and opportunities and challenges experienced by the automotive electronics industry. Technavio also provides deep-dive market assessments into the sectors such as automotive services, wheels and tires, and auto accessories.

Our market research methodology for the global automotive position sensor market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.