According to a new market report published by Lucintel, the future of the global automotive position sensor market looks promising with opportunities in the passenger car and commercial vehicle segments. The global automotive position sensor market is expected to decline in 2020 due to the global economic recession led by the COVID-19 pandemic. 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 an increase in global car production.
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In this market, multi-axis, angular, and linear are the major motion types of sensors used in various vehicles. On the basis of comprehensive research, Lucintel forecasts that linear position sensors will remain the largest motion type 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 over the forecast period due to increasing urbanization, infrastructure development, implementation of emission norms, and continuous rising production of commercial and passenger vehicles.
Robert Bosch GmbH, Hirschmann Automotive GmbH, Sensata Technologies, Inc., HELLA GmbH & Co. KGaA, Hitachi Ltd., Mitsubishi Electric Corporation, DENSO CORPORATION, and Continental AG are among the major suppliers of automotive position sensors.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive position sensor market by vehicle type, motion type, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Automotive Position Sensor Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. 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
Europe
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
About Lucintel
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