The latest report by IMARC Group, titled “Automotive Position Sensor Market Report by Type (Multi-Axis, Angular, Linear, and Others), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), Sales Channel (Original Equipment Manufacturers (OEMs), Aftermarket), Application (Clutch, Brake and Accelerator Pedals, Engine, Transmission and Suspension, Gear Shifters, Chassis, and Others), and Region 2024-2032“, The global automotive position sensor market size reached US$ 27.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 51.6 Billion by 2032, exhibiting a growth rate (CAGR) of 7.43% during 2024-2032.
An automotive position sensor plays a crucial role in achieving accurate control and performance in contemporary vehicles. This device is tasked with detecting the position or movement of various components within the vehicle, converting physical changes into electrical signals that can be processed by the vehicle’s electronic control systems. For example, the throttle position sensor (TPS) tracks the position of the throttle valve, providing the engine control unit (ECU) with information regarding the degree to which the throttle is open. This information is vital for optimizing the air-fuel mixture and enhancing engine performance. Furthermore, it aids in promoting safer, more efficient, and environmentally sustainable automotive operations. Currently, automotive position sensors are experiencing significant demand as they ensure that vehicles function with precision and efficiency worldwide.
Automotive Position Sensor Market Trends and Drivers:
The market for automotive position sensors is significantly influenced by the expansion of the automotive sector. Furthermore, the increasing demand for electric vehicles (EVs) and autonomous vehicles (AVs) is further driving the need for position sensors, thereby impacting market development. Electric vehicles necessitate accurate position sensors for the regulation of electric motors and the oversight of battery systems, while autonomous vehicles depend on these sensors for real-time mapping, obstacle detection, and navigation, contributing to market expansion. Additionally, the heightened focus on safety features in vehicles has led to the integration of position sensors as essential elements of advanced driver assistance systems (ADAS), such as lane-keeping assist and adaptive cruise control, which serve as significant factors for market growth. These systems utilize sensors to precisely ascertain the vehicle’s location on the road and its distance from other vehicles, facilitating automated safety measures, including braking or steering modifications. Moreover, position sensors are incorporated into various vehicle components to improve user experience and are utilized in infotainment systems, enabling touchscreens and rotary knobs to deliver haptic feedback, thus making interactions more intuitive and user-friendly, which further propels market growth.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/automotive-position-sensor-market/requestsample
The report has segmented the market into the following categories:
Breakup by Type:
- Multi-Axis
- Angular
- Linear
- Others
Breakup by Vehicle Type:
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Breakup by Sales Channel:
- Original Equipment Manufacturers (OEMs)
- Aftermarket
Breakup by Application:
- Clutch, Brake and Accelerator Pedals
- Engine
- Transmission and Suspension
- Gear Shifters
- Chassis
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Aptiv PLC
- Continental AG
- CTS Corporation
- Delphi Automotive
- Denso Corporation
- HELLA GmbH & Co. KGaA
- Infineon Technologies AG
- Mitsubishi Electric Corporation
- NXP Semiconductors N.V.
- OMRON Corporation
- Robert Bosch GmbH
- TE Connectivity Inc.
- Texas Instruments Incorporated
- Vishay Intertechnology, Inc.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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