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The global automotive position sensor market grew at a CAGR of around 8% during 2014-2019. Position sensor refers to a device that detects and converts the movement of an object from its reference position into signals. In automobiles, position sensors enable the engine control modules (ECM) to identify the position of a component and act according to the sensor signals. Automotive position sensors are widely available in the form of linear sensors, proximity sensors, photoelectric sensors, and rotary sensors. The sensors offer multiple benefits in automobiles, such as machine tool monitoring, precision stage positioning of equipment, low power consumption, and high feature integration.
The expanding automobile sector coupled with the increasing adoption of automotive position sensors for steering wheel positioning, throttle controlling, automatic gear selection, and managing vehicle stability, is primarily driving the market growth. Furthermore, the growing focus towards vehicle safety has catalyzed the usage of position sensors in advanced driver assistance systems (ADAS). Additionally, the market is further driven by the emergence of smart hall-effect position sensors that find extensive applications in speed sensing for anti-lock braking systems (ABS). These sensors also aid in replacing reed and mechanical switches in automotive shift selectors, seat belt buckle switches, seat position sensors, etc. Moreover, the growing popularity of autonomous, self-driven vehicles is also augmenting the demand for automotive position sensors. Additionally, the rising integration of position sensors with GPS-, AI-, and Internet-of-Things (IoT)-based automotive components has led to numerous product innovations. Furthermore, the implementation of favorable government regulations to increase fuel efficiency and reduce carbon emissions is further catalyzing the use of automotive position sensors to ensure vehicle compliance with several emission standards. In the coming years, the introduction of magnetic positioning and silicon-based automotive sensors is expected to drive the market growth.
The sudden outbreak of the COVID-19 pandemic, in early 2020, however, has negatively impacted the market for automotive position sensors. The stringent lockdown regulations across several nations has led to temporary shutdown of several manufacturing facilities for automotive position sensors, thereby resulting in supply chain disruptions. The global automotive position sensor market, however, is expected to revive from 2021 and continue its moderate growth for the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive position sensor market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, type, vehicle type, sales channel and application.
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The competitive landscape of the industry has also been examined with some of the key players being Aptiv PLC, Continental AG, CTS Corporation, Delphi Automotive, Denso Corporation, HELLA GmbH & Co. KGaA, Infineon Technologies AG, Mitsubishi Electric Corporation, NXP Semiconductors N.V., OMRON Corporation, Robert Bosch GmbH, TE Connectivity Inc., Texas Instruments Incorporated and Vishay Intertechnology, Inc.
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