Global Automotive Position Sensors Market Size, Share, Forecast Report, 2020-2027
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 the automotive industry through automation and digitization are 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 the 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.
Thus the Automotive Position Sensor Market is expected to register a high growth at a rate of around 8% and reach USD 2 billion by 2022. Study Objectives of Automotive Position Sensors Market
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.
The Automotive Position Sensor market has been segmented on the basis of type as Multi-axis, Angular, and Linear. On the basis of Vehicle type the market has been segmented as High end, Mid End, Low End and electric.