Emphasis on Product Type (Multi-Axis, Angular, Linear and Others); Vehicle Type (Passenger cars, Light commercial vehicle, and Heavy commercial vehicle); Application Type; (Power Train, Safety & Security, Body Electronics, Chassis, Others) and Region/Country
Global Automotive Position Sensor Market is expected to grow at a significant rate of around 14% during the forecast period. Position sensors are used in automobiles to determine the steering wheel position, pedal positions, seat positions, and the position of various valves, knobs, and actuators. These sensors use a variety of technologies, such as wiper-arm potentiometers, optical reflection or imaging, and Hall-effect sensors, to detect their location. 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. The growing inclination of consumers toward alternative fuel vehicle to reduce GHG emissions and surging consumer demand for vehicle safety are some other factors propelling the demand for automotive sensors across the globe. For instance, In USA registrations for new EVs soared 60% in the first three months of 2022 even though new car registrations were actually down 18% on the whole, Automotive News and Car and Driver reported, citing Experian data. EVs now account for 4.6% of all passenger vehicles being sold in the U.S.
Analog Devices Inc., Broadcom Inc., Bosch Sensortec Gmbh, Bourns Inc., Continental AG, CTS Corporation, BorgWarner Inc., DENSO CORPORATION, HELLA GmbH & Co, and Infineon Technologies AG. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst product type, liner category is anticipated to hold prominent share during the forecast period”
Based on product type, the market is divided into multi-axis, angular, linear and others. Linear position sensor holds a prominent share in the automotive position sensor market. The demand for linear position sensors in automotive applications is largely driven by government regulations for safety & efficiency and driver assistance and integration of position sensors in non-commercial vehicles.
“Amongst vehicle type, the Passenger cars segment to hold a significant share in the market in 2020”
Based on vehicle type, the market is divided into passenger cars, light commercial vehicle, and heavy commercial vehicle. The passenger car segment holds the largest share by vehicle type. The growth of segment is fueled by rising popularity of electric, hybrid and autonomous vehicles.
“Amongst application type, the powertrain segment is anticipated to hold prominent share during the forecast period”
Based on application type, the market is divided into power train, safety & security, body electronics, chassis, others. The Power train segment holds prominent share by application. Stringent emission regulations and fuel-efficiency norms formulated by governments of various countries drives the growth of automotive sensors in powertrain application.
“Asia Pacific to hold a significant share in the automotive position sensor market”
Asia Pacific dominated the automotive car sensor market in 2020 and expected to account for highest growth of automotive sensor market in coming years. The main factors which support growth of automotive sensors market in Asia Pacific region is due to large number of population and growth in the production of commercial vehicles, increasing purchasing power of consumer, surging demand for more efficient and safer vehicles, increasing use of electric vehicles and the growing adoption of advanced driver-assistance systems (ADAS) and autonomous cars owing to the stringent vehicle emission standards.
Reasons to buy this report:
Customization Options:
The global automotive position sensor market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Impact Of Covid-19 On The Automotive Position Sensor Market
6. Automotive Position Sensor Market Revenue (usd Bn), 2020-2028f
7. Market Insights By Product Type
8. Market Insights By Vehicle Type
9. Market Insights By Application
10. Market Insights By Region
11. Automotive Position Sensor Market Dynamics
12. Automotive Position Sensor Market Opportunities
13. Automotive Position Sensor Market Trends
14. Demand And Supply-side Analysis
15. Value Chain Analysis
16. Competitive Scenario
17. Company Profiled
18. Disclaimer
Research Methodology for the Automotive Position Sensor Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global automotive position sensor market were the three major steps undertaken to create and analyze the adoption of automotive position sensor in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the automotive position sensor market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the automotive position sensor market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the automotive position sensor market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as component, protocol, and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the automotive position sensor market. Further, we conducted factor analysis using dependent and independent variables such as product type, vehicle type, and applications of automotive position sensor. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the automotive position sensor market across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global automotive position sensor market, and market shares of the sensor types. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global automotive position sensor market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of the product type, vehicle type and application in the global automotive position sensor market.
The main objective of the Global Automotive Position Sensor Market Study
The current & future market trends of the global automotive position sensor market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
Customers who bought this item also bought
India 3PL Market: Current Analysis and Forecast (2024-2032)
Emphasis on By Services (Domestic Transportation Management, International Transportation Management, Value-Added Warehousing and Distribution); By End User (Automobile, Chemical, Construction, Consumer Retail, Energy, Manufacturing, Life Sciences and Healthcare, Technology, and Others), and Regions (North India, East India, West India, and South India)
November 5, 2024
