Global Automotive Position Sensor Market 2024-2028
The automotive position sensor market is forecasted to grow by USD 3.43 bn during 2023-2028, accelerating at a CAGR of 8.82% during the forecast period. The report on the automotive position sensor market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing number of vehicles-in-use, increasing adoption of emission norms, and increasing product launch.
Technavio's automotive position sensor market is segmented as below:By ChannelOEM
Aftermarkets
By Vehicle TypePassenger car
Light commercial vehicle and heavy commercial vehicle
By GeographyEurope
APAC
North America
Middle East and Africa
South America
This study identifies the increasing demand for vehicle and environmental safety as one of the prime reasons driving the automotive position sensor market growth during the next few years. Also, the application of hall effect sensors in automobiles and developments in electronic sensor applications in automobiles will lead to sizable demand in the market.
The report on the automotive position sensor market covers the following areas:Automotive position sensor market sizing
Automotive position sensor market forecast
Automotive position sensor market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive position sensor market vendors that include Allegro MicroSystems Inc., Analog Devices Inc., Autoliv Inc., BorgWarner Inc., Continental AG, CTS Corp., Elmos Semiconductor AG, Infineon Technologies AG, NXP Semiconductors NV, OmniVision Technologies Inc., ON Semiconductor Corp., Panasonic Holdings Corp., Quanergy Systems Inc., Robert Bosch GmbH, Sensata Technologies Inc., STMicroelectronics International N.V., TE Connectivity Ltd., Toyota Motor Corp., Valeo SA, and ZF Friedrichshafen AG. Also, the automotive position sensor market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.