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According to Technavio’s market research report, the growing application of optical position sensor in the automotive industry will be one of the major factors that will have a positive impact on the global optical position sensor market during the forecast period. The increasing usage of optical sensors in the automobile industry improves the vehicle safety while driving and aid during emergencies such as accidents. These sensors are presently used in automatic headlamp dipswitch and steering wheel rotation sensor in automobiles. Also, the rise in safety concerns in the automotive industry has further driven the optical sensors market. The government laws and regulations in Europe and the Americas emphasize on the requirement for enhanced safety in automobiles. Our market research analysts predict that this optical position sensor market will grow at a CAGR of more than 10% by 2022.
The rising concept of autonomous cars is one of the key trends that will contribute to the market’s growth in the forthcoming years. The increasing integration of optical position sensors due to its advantages in self-driving cars is rising in the market. They are used in parking assistance, collision avoidance, lane keeping assistance, and passenger airbags systems that are major safety necessities for self-driving cars. These sensors are increasingly being used in individual driver safety and assistance systems.
Characterized by the presence of several players, the optical position sensor market appears to be fragmented. This industry research report offers information about the competitive environment among the players in the linear position sensor market and offers an analysis of key companies and their products. Additionally, the report also offers information about key areas the players currently focus on and the strategies they follow to sustain the competition.
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY PRODUCT
PART 08: MARKET SEGMENTATION BY END-USER
PART 09: REGIONAL LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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