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The future of the global automotive position sensor market looks promising with opportunities in passenger cars and commercial vehicle segments. The global automotive position sensor market is expected to decline in 2020 due to the global economic recession led by COVID-19. However, the market will witness recovery in the year 2021 and it is expected to grow 9%-11% from 2021 to 2026. The major drivers for this market are stringent rules and regulations on harmful emission control, rising demand for convenience features in vehicles, stricter government regulations regarding automobile safety and increase in global car production.
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