According to a new market report by Lucintel, the future of the global crankshaft position sensor market looks promising with opportunities in the automotive and aerospace industries. The global crankshaft 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 with a CAGR of 8% from 2020 to 2025. The major growth drivers for this market are increasing production of automobiles and stringent vehicle emission regulations around the globe.
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In this market, linear position sensor, rotary position sensor, and proximity sensor are the major sensor types. Lucintel forecasts that the rotary position sensor segment will witness the highest growth during the forecast period due to strong growth in the automotive industry and rapid modernization of vehicles.
Within the crankshaft position sensor market, automotive will remain the largest end use industry, and it is expected to witness the highest growth over the forecast period due to increasing production volume of automobiles globally.
APAC is expected to witness the highest growth over the forecast period, supported by the growth in the automotive industry.
ACDelco Corporation, Delphi Automotive PLC, Robert Bosch GmbH, Denso Corporation, and Honeywell International Inc. are among the major manufacturers of the crankshaft position sensor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the crankshaft position sensor market by sensor type, technology, contact type, output, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Crankshaft Position Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data on the crankshaft position sensor market by sensor type, technology, contact type, output, end use industry, and region as follows:
By Sensor Type [$M shipment analysis for 2014 – 2025]:
Linear Position Sensor
Rotary Position Sensor
Proximity Sensor
By Technology [$M shipment analysis for 2014 – 2025]:
Hall-Effect Sensor
Magnetoresistive Sensor
By Contact Type [$M shipment analysis for 2014 – 2025]:
By Output [$M shipment analysis for 2014 – 2025]:
By End Use Industry [$M shipment analysis for 2014 – 2025]:
Automotive
Aerospace
Others
By Region [$M shipment analysis for 2014 – 2025]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
China
Japan
India
South Korea
Rest of the World
This 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 visit us at helpdesk@lucintel.com.
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