Automotive Position Sensors Research Report - Global Forecast to 2022
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Summery: Global Automotive Position Sensors Market Analysis by Type (Multi-axis, Angular, and Linear), vehicle type (High end, Mid End, Low End and electric) and by Region - Global Forecast to 2022 See Table of Content Here:
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Automotive Position Sensors Market Overview: The growth in the Automotive Industry directly translates into increasing demand in the Automotive Position Sensor market. Recent trends in the automotive industry with rapid technological development and revolutionized automotive industry through automation and digitization is going to provide ample opportunities for growth and development. The changing focus of the Automotive Industry to technological trends such as autonomous driving, connectivity and electrification is expected to boost the demand in the Automotive Position Sensors market. Increasing integration of position sensors in vehicles portray a positive outlook of continuous growth in the Automotive Position Sensor market. Stringent Government regulations regarding automobile safety and increasing global car production at a rate of 4% have also significantly contributed to the growth of this market. Key Players: Some of the key players in the Automotive Position sensor market are Analog Devices Inc, Avago Technologies, Bosch Sensortec GMBH, Bourns Inc, Continental Corporation, CTS Corporation, Delphi Automotive, Denso Corporation, GE Measurement & Control Solutions, Gill Sensor& Control, Hella KGAA, Infineon Technologies, NXP Semiconductors, Sensata Technoliges, TRW Automotive INC, Stoneridge INC.
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Automotive Position Sensor Market is expected to register a high growth at a rate of around 8% and reach USD 2 billion by 2022..
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Automotive Position Sensor Market Segmentation: The Automotive Position Sensor market has been segmented on the basis of type as Multiaxis, Angular, and Linear. On the basis of Vehicle type the market has been segmented as High end, Mid End, Low End and electric. Regional Analysis of Automotive Position Sensors Europe and North America has been the leading regions for the Automotive Position Sensor market mainly due to the existence of various major players in this region. With rapid technological development the Position sensor market in this region is expected to show high growth. Asia-Pacific is another region which is showing high potential mainly due to the increase in the number of passenger vehicles in this region. Key Findings The key findings of the report “Global Automotive Position Sensors Market” includes: • • •
The global market volume for automotive position sensors was around 1.3 billion units in 2014 The global market value of automotive position sensors accounted for almost $1 billion in 2014 Electric vehicles sensors will be growing at the fastest CAGR at around estimated CAGR of 22.2%
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