Global Automotive Position Sensor Market 2017-2021 | Passenger Cars Segment Dominates the Global Market | Technavio
Sep. 06, 2018
LONDON--(BUSINESS WIRE)--Sep 6, 2018--According to the latest market research report released by Technavio, the global automotive position sensor market is expected to accelerate at a CAGR of nearly 7% during the forecast period. The development of an easy-to-use position sensor is one of the key factors triggering the growth of the market.
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According to the latest market research report released by Technavio, the global automotive position sensor market is expected to accelerate at a CAGR of nearly 7% until 2021. (Graphic: Business Wire)
This research report titled ‘ ’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
The market research analysis categorizes the global automotive position sensor market into the following vehicle types:Passenger cars Commercial vehicles
In 2016, the passenger cars segment accounted for 85% of the global market and is projected to reach 86% by 2021, exhibiting almost 1% increase in market share.
Global automotive position sensor market: Top emerging trend
Growing popularity of hall-effect position sensor is an emerging trend in the automotive position sensor space. Magnetic sensors are the contactless position sensors, which convert magnetically encoded information into electrical signals. The benefit of contactless wear-free operation in the form of low maintenance and robust design has made magnetic sensors quite popular in the automotive market as the preferred position sensors. Hall effect sensor is the most common magnetic position sensor, and its output is a function of the magnetic field density around the device. Basically, hall effect sensor generates the output voltage once magnetic field density around the sensor exceeds a certain threshold.
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavio’s report provides expert market research on the following topics:
Executive ReportMarket Outline Global Automotive Position Sensor Market Overview
Market InsightsMarket Sizing and Forecasts Market Growth Market Drivers and Challenges Key Emerging Trends
Market Segmentation AnalysisRegional comparison (APAC, Americas, and EMEA) Key leading countries Market segmentation by vehicle type (passenger cars and commercial vehicles)
Vendor LandscapeVendor classification Market positioning of vendors Competitive scenario Analysis of top vendors (Bosch, Continental, DENSO, Delphi Automotive, HELLA KGaA Hueck & Co, and Sensata Technologies)
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SOURCE: Technavio Research
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PUB: 09/06/2018 03:11 PM/DISC: 09/06/2018 03:11 PM