Global Automotive Throttle Position Sensor (TPS) Market 2017-2021

Overview of the global automotive throttle position sensor (TPS) market

According to Technavio's research analysis, the rising popularity of CIPOS will be one of the major factors that will have a positive impact on the growth of the global automotive throttle position sensor (TPS) market till 2021. The preference for contactless inductive position sensor (CIPOS) introduced by HELLA is increasing in the automotive market and has increased the revenue for TPS suppliers. The CIPOS technology provides precision and easy-to-use position sensor and enables the flexible designing of a measurement range of both linear and angular sensors. Additionally, these sensors are also easy to assemble and are not sensitive to the mechanical misalignment. The rising demand for CIPOS in the automotive market is mainly due to its ability to enable position measurement in complete values and transferring the measured value to the control unit of the vehicle. With the rising adoption of CIPOS technology, the demand for automotive TPS will subsequently increase during the forecast period. Our market research analysts predict that this market will grow at a CAGR of close to 6% by 2021.

The rising development of smart position sensors is one of the key trends that will contribute to this market's growth in the coming years. One of the prominent vendors Methode Electronics has already introduced an innovative sensor technology that allows the direct position sensing of a metallic target by taking out the need for magnets. This technology offers high flexibility in geometric configuration, sensing range, electrical interference, and operational environmental conditions. Moreover, these position sensors also have in-built self-diagnostics that constantly monitor internal failures. With the introduction of such smart position sensors, the automotive throttle position sensor market will witness measurable growth in the coming years.

Competitive landscape and key vendors  

The global automotive TPS market has the presence of many international vendors. The rising competition among the automobile manufacturers is compelling them to adopt advanced technologies such as ETC. This will drive the growth of the players in the TPS market. Moreover, the focus of automobile manufacturers towards autonomous technology will also propel the growth of the players in the automotive throttle position sensor industry.

The leading vendors in the market are ?

• Bosch
• Continental
• Delphi
• DENSO
• HELLA

The other prominent vendors in the market are CTS, Infineon Technologies, Keihin, Magneti Marelli, Methode Electronics, Mitsubishi Electric, and Sensata Technologies.

Segmentation by vehicle type and analysis of the automotive TPS market

• Passenger cars
• CVs

During 2016, the passenger cars segment accounted for the major share of the automotive TPS market. Factors such as the higher penetration of advanced powertrain and engine control systems, and the growing sales of passenger cars, will contribute to the growth of the automotive throttle position sensor market in this segment.

Geographical segmentation and analysis of the automotive TPS market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the automotive TPS market throughout the forecast period. The availability of attractive market opportunities for automotive OEMs and the growing investments in technology and modern mass production systems, will drive the growth of the automotive throttle position sensor industry in this 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 throttle position sensor (TPS) market?
• What are the key market trends impacting the growth of the global automotive throttle position sensor (TPS) market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive throttle position sensor (TPS) market?
• What are the market opportunities and threats faced by the vendors in the global automotive throttle position sensor (TPS) 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 throttle position sensor (TPS) market?

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

To help clients gain a competitive advantage, Technavio offers a broad range of research reports from automotive industry and provide a complete market landscape of the automotive electronics sector. The upcoming research report on the global automotive throttle position sensor (TPS) market provides business intelligence facts and figures such as growth potential, key market players, competitive landscape, and market size, which helps the clients in gaining critical knowledge to increase its revenue.

Research analysts at Technavio go through a rigorous analysis of telephone surveys and interviews, expert opinions, research journals, and client survey to oversee primary and secondary research. The information thus collected helps the client achieve their business objectives by serving as an essential information tool which accurately forecasts the growth potential of the market. Bosch, HELLA, Delphi, Facet, Elta Automotive, Wells Vehicle, TE Connectivity, and Melexis are some of the vendors covered in this market research report.

The upcoming report on the global automotive throttle position sensor (TPS) market also considers the growth of related markets such as the EV charging adapter market and automotive launch control system market which are expected to grow at the rate of 50% and 5%, respectively, for the forecast period of 2017 to 2021. This upcoming report on the global automotive throttle position sensor (TPS) market also analyzes the market and its growth potential for by covering geographical segments such as the Americas, EMEA, and APAC, which assists the client resource allocation decisions.

The upcoming industry research report on the global automotive throttle position sensor (TPS) market also accurately maps the technological advancements, total market size, major vendors, as well as the constraints that the automotive electronics sector currently experiences. The report also covers insights and information from the related sectors such as automotive manufacturing, wheels and tires, and auto accessories.

Our market research methodology for the global automotive throttle position sensor (TPS) market

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