Report Feature
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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The study includes trends and forecast for the global automotive position sensor market by vehicle type, motion type, and region as follows:
By Vehicle Type [Value ($ Million) from 2015 to 2026]:
- Commercial vehicles
- Passenger cars
By Motion Type [Value ($ Million) from 2015 to 2026]:
- Multi-axis
- Angular
- Linear
By Region [Value ($ Million) from 2015 to 2026]:
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- APAC
- China
- Japan
- ROW
- Brazil
Some of the automotive position sensor companies profiled in this report include Robert Bosch GmbH, Hirschmann Automotive GmbH, Sensata Technologies, Inc., HELLA GmbH & Co. KGaA, Hitachi Ltd., Mitsubishi Electric Corporation, DENSO CORPORATION, and Continental AG.
Lucintel forecasts that linear position sensors will remain the largest segment and it is also expected to witness the highest growth over the forecast period because linear position sensors are used in various applications in most of the automotive systems.
APAC is expected to remain the largest market and witness the highest growth rate over the forecast period due to increasing urbanization, infrastructure development, implementation of emission norms and continuous rising production of commercial and passenger vehicles.
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Features of the Global Automotive Position Sensor Market |
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This report answers following 11 key questions |
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Q.1 What are some of the most promising potential, high-growth opportunities for the global automotive position sensor market by vehicle type (commercial vehicles, and passenger cars), motion type (multi-axis, angular, and linear), and region (North America, Europe, Asia Pacific, and the Rest of the World? Q.2 Which segments will grow at a faster pace and why? Q.3 Which region will grow at a faster pace and why? Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the global automotive position sensor market? Q.5 What are the business risks and threats to the global automotive position sensor market? Q.6 What are emerging trends in this automotive position sensor market and the reasons behind them? Q.7 What are some changing demands of customers in the automotive position sensor market? Q.8 What are the new developments in the automotive position sensor market? Which companies are leading these developments? Q.9 Who are the major players in the automotive position sensor market? What strategic initiatives are being implemented by key players for business growth? Q.10 What are some of the competitive products and processes in the automotive position sensor market, and how big of a threat do they pose for loss of market share via material or product substitution? Q.11 What M&A activities did take place in the last five years in the global automotive position sensor market? |
| Key Features | Description |
| Base Year for Estimation | 2020 |
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Trend Period (Actual Estimates) |
2015-2020 |
| Forecast Period | 2021-2026 |
| Pages | More than 150 |
| Market Representation / Units | Revenue in US $ Million |
| Regional Scope | North America (USA, and Canada), Europe (Germany and United Kingdom), Asia (China, and Japan), and ROW (Brazil) |
| Report Coverage | Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger, Acquisitions & Joint Venture, and Company Profiling |
| Market Segments | By Vehicle Type (Commercial Vehicles, And Passenger Cars), Motion Type (Multi-Axis, Angular, And Linear) |
| Customization | 10% Customization without Any Additional Cost |
Table of Contents
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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