Market Research Future (MRFR) predicted in the report that Automotive Position Sensors Market would cross USD 2 Billion at a CAGR of 8% by 2022. The global market is expected to show significant changes in the industry. Various factors like the development of top-class technologies and its easy inclusion in the mainframe, investment opportunities to boost the research segment, participation of eminent players, and stringent regulations to boost the security are expected to make sure that the market witnesses’ proper growth.
Segmentation:
The automotive position sensor market has been studied by MRFR experts on the basis of a segmentation that includes type and vehicle type.
By type, the global market study on the automotive position sensor market has been segmented into multi-axis, angular, and linear.
By vehicle type, the study of the automotive position sensor market includes a study of high end, mid end, low end and electric. The electric vehicle sensors are expected to outpace others by clocking a CAGR of 22.2% during the forecast period. The segment is getting traction as the rising environmental concerns are boosting the uptake of such cars.
Competitive Landscape:
Avago Technologies, Analog Devices Inc, Bourns Inc, Continental Corporation, Bosch Sensortec GMBH, Delphi Automotive, CTS Corporation, GE Measurement & Control Solutions, Denso Corporation, Hella KGAA, Infineon Technologies, NXP Semiconductors, Gill Sensor& Control, TRW Automotive INC, Sensata Technologies, Stoneridge INC., are some companies making a notable impact on the global automotive position sensors market.
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Regional Analysis:
The technological brilliance of Europe and North America and a surge in the adoption of electric cars are expected to set the automotive position sensor market on an upward trajectory. The burgeoning automotive sector of Asia Pacific would also assist the automotive position sensor market growth.
Industry News:
In August 2020, Allegro MicroSystems (Allegro), an eminent company in the field of sensing and power semiconductor technology, announced they had acquired Voxtel, Inc, a company with specialized knowledge of advanced photonic and 3D imaging technology. This also includes an understanding of long-range, eye-safe Light Detection and Ranging (LiDAR). This acquisition would ensure a merging of Voxtel’s laser and imaging expertise with Allegro’s automotive leadership. This will help the company in enabling the next generation of Advanced Driver Assistance Systems (ADAS). This blend is expected to ensure a strong foothold for Allegro in the automotive sector.
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Major Highlights of TOC Covers:
- Executive Summary
- Key Business Trends
- Regional Trends and Growth
- Product Trends
- End-use Trends
- Definition and Forecast Parameters
- Automotive position sensors Market Segmentation
- Automotive position sensors Market Landscape
- Vendor Matrix
- Company Profiles
- Business Overview
- Financial Data
More…
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The global Position Sensors Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the position sensors market include TE Connectivity, Honeywell, Althen Sensors, Gill Sensors & Controls Limited, Cambridge Integrated Circuits, Tekscan, Inc., Sensata Technologies, Inc., Bourns, NewTek Sensor Solutions, Novotechnik Inc., Positek Limited.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Position Sensors Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/position-sensors-market/download-sampleMarket DynamicsThe increasing focus on accurate measurements and detailed inspection in manufacturing industries is the key factor driving the market growth of position sensors.
The rising adoption of position sensors in the aviation and aerospace industry and the increasing demand to deploy these sensors in modern automobiles will propel the growth of this market.
Furthermore, the rapid adoption of advanced technologies and the rising inclination towards the automation of industrial processes will boost the market growth of position sensors.
Automotive Position Sensors Market Information Report by Type (Multi-axis, Angular, and Linear), vehicle type (High end, Mid End, Low End and electric) and by Region - Global Forecast to 2022The automotive position sensor market is getting steam from mainly the automotive sector.
The sophisticated automotive position sensors add an extra technological trend such as autonomous driving, connectivity, and electrification, which is gaining ultimate traction.
The global automotive position sensor market to triple its market valuation by acquiring USD 2 billion, asserts Market Research Future (MRFR), at a CAGR of 8% CAGR, during the forecast period (2018-2022).
The study is well-analyzed that includes a detailed description of the drivers and segments and presents a proper perspective of the market in the coming years.
Key PlayersThe well-known vital players in the automotive position sensor market are listed as 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 Technologies, TRW Automotive INC, Stoneridge INC.Target AudienceAutomotive Sensors manufacturing companiesAutomotive Sensors service providersAutomotive industry Consultants and Investment bankersGovernment as well as Independent Regulatory AuthoritiesKey FindingsThe 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 2014The global market value of automotive position sensors accounted for almost $1 billion in 2014Electric vehicles sensors will be growing at the fastest CAGR at around estimated CAGR of 22.2%Market Drivers & TrendsOne of the major driving factors in the market is the growth of the automotive industry, which is motivating the increasing demands of position sensors.
Apart from these, the market has also welcomed an array of opportunities for growth and development, which is now anticipated to expand more in the coming years.Coming to the automotive domain, the changing focus of the industry towards technological trends such as driving, connectivity, and electrification is expected to boost the demand in the automotive position sensors market.
COVID-19 Impact Analysis on Optical Position Sensors Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.
The report encompasses data regarding market share and recent developments by key players.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Optical Position Sensors Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/optical-position-sensors-market/download-sampleMarket DynamicsThe increasing application of optical position sensors in medical devices and automotive systems is the major factor driving the optical position sensors market.
The rising demand for tablets and smartphones leads to high market demand from several industries.
Moreover, the emergence of smart gadgets and virtual reality and constantly growing research and development projects in the virtual reality segment and are likely to create growth opportunities for key players of the optical position sensors market in the coming years.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
