Automotive position sensors are used to detect changes in physical phenomena such as pressure, temperature, and velocity. Automotive sensors help in monitoring the precise condition of vehicles such as oil pressure, temperature, emission level, coolant level, and fuel consumption. Automotive position sensors are mainly available in the different form of linear sensors, proximity sensors, photoelectric sensors and rotary sensors.

Increasing road accidents and increasing the concern for the safety of drivers as well as passengers, is expected to foster the demand for automotive position sensors across the globe. Increasing demand for automation coupled with continuous developments in electronic sensor applications in automobiles is another major driver for the growth of the automotive position sensor market over the forecast period.

The report " Automotive Position Sensors Market, By Type (Multi-axis, Angular, and Linear), By Application (Passenger Vehicle, and Commercial Vehicle) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2032’’.

Key Highlights:

• In September 2022, Latest Automotive IC “Firsts” Include Ethernet Switches and IMUs. A handful of automotive component developers have introduced new devices to facilitate next-gen automotive system design by enabling end-to-end networks and advanced position sensing technologies.
• In September 2022, 80 reference designs released for motor commutation sensors. Each design for inductive position sensors targets a unique motor shaft or pole-pair configuration and comes complete with design files, measurement reports, tools and guidelines.

Analyst View:

Automotive position sensors market is growing around the world, owing to technology developments in sensors that are far more efficient and cost effective in the vehicle. The market size is expected to grow substantially during the forecast period driven by the advent of position and proximity sensors digitalization. Access to advanced automation technologies in various industry sectors will support the adoption of these sensors in manufacturing facilities.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Automotive Position Sensors Market, By Type (Multi-axis, Angular, and Linear), By Application (Passenger Vehicle, and Commercial Vehicle) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2032”

Key Market Insights from the report:

Automotive Position Sensors Market accounted for US$ 6.6 billion in 2022 and is estimated to be US$ 12.4 billion by 2032 and is anticipated to register a CAGR of 6.7%. The Automotive Position Sensors Market is segmented based on Type, Application and Region.

• Based on Type, Automotive Position Sensors Market is segmented into Multi-axis, Angular, and Linear.
• Based on Application, Automotive Position Sensors Market is segmented into Passenger Vehicle, and Commercial Vehicle.
• By Region, the Automotive Position Sensors Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Automotive Position Sensors Market:

The prominent players operating in the Automotive Position Sensors Market include Analog Devices, Avago Technologies, Bosch Sensortec, Bourns, Continental Corporation, CTS Corporation, Delphi Automotive, Denso Corporation, GE Measurement & Control Solutions, and Gill Sensor& Control. The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

• Explains an overview of the product portfolio, including product development, planning, and positioning
• Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
• Detailed analysis of the market revenue over the forecasted period.
• Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
• Study on the segments that are anticipated to dominate the market.
• Study on the regional analysis that is expected to register the highest growth over the forecast period

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