Automotive Position Sensor Market: Current Analysis and Forecast (2022-2028)

Automotive Position Sensor Market: Current Analysis and Forecast (2022-2028)

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 is rising continuously, which ultimately increases the demand for electronic sensors. 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. EVs now account for 4.6% of all passenger vehicles being sold in the U.S.

The growing need for automotive position sensors for steering wheel positioning, throttle control, automatic gear selection, and maintaining vehicle stability is largely responsible for the market's expansion. A further factor driving the use of position sensors in advanced driver assistance systems is the rising emphasis on vehicle safety (ADAS). The development of sophisticated hall-effect position sensors, which have wide applications in speed detection for anti-lock brake systems, is another factor driving the market (ABS).

These sensors are also helpful in replacing mechanical and reed switches in seat belt buckle switches, seat position sensors, and other vehicle components. Additionally, the need for automotive position sensors is being driven up by the rising popularity of autonomous, self-driving cars. Additionally, there have been several product breakthroughs because of the growing integration of position sensors with GPS, AI, and Internet of Things (IoT)-based vehicle components. The employment of automobile position sensors to ensure that vehicles comply with various emission requirements is also being stimulated by the installation of favorable government laws to improve fuel efficiency and reduce carbon emissions. Magnetic positioning and silicon-based automotive sensors are anticipated to fuel market expansion in the upcoming years.

• 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 the automotive application is largely driven by government regulations for safety & efficiency and driver assistance and integration of position sensors in non-commercial vehicles.
• 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.
• Based on application, 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.
• For a better understanding of the market adoption of the automotive position sensor industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), Rest of World. 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.
• Some of the major players operating in the market include 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. The market is diversified with a large number of global and regional market players.