Market Research Future (MRFR) predicted in the report that Automotive Position Sensors Market would cross USD 2 Billion at a CAGR of 8% by 2022. The global market is expected to show significant changes in the industry. Various factors like the development of top-class technologies and its easy inclusion in the mainframe, investment opportunities to boost the research segment, participation of eminent players, and stringent regulations to boost the security are expected to make sure that the market witnesses’ proper growth.
The automotive position sensor market has been studied by MRFR experts on the basis of a segmentation that includes type and vehicle type. These segments and the inputs gleaned from it can help the market players in coming up with innovative strategic mechanisms.
By type, the global market study on the automotive position sensor market has been segmented into multi-axis, angular, and linear.
By vehicle type, the study of the automotive position sensor market includes a study of high end, mid end, low end and electric. The electric vehicle sensors are expected to outpace others by clocking a CAGR of 22.2% during the forecast period. The segment is getting traction as the rising environmental concerns are boosting the uptake of such cars.
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Avago Technologies, Analog Devices Inc, Bourns Inc, Continental Corporation, Bosch Sensortec GMBH, Delphi Automotive, CTS Corporation, GE Measurement & Control Solutions, Denso Corporation, Hella KGAA, Infineon Technologies, NXP Semiconductors, Gill Sensor& Control, TRW Automotive INC, Sensata Technologies, Stoneridge INC., are some companies making a notable impact on the global automotive position sensors market.
The technological brilliance of Europe and North America and a surge in the adoption of electric cars are expected to set the automotive position sensor market on an upward trajectory. The burgeoning automotive sector of Asia Pacific would also assist the automotive position sensor market growth.
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Major Highlights of TOC Covers:
1. Executive Summary
2. Key Business Trends
3. Regional Trends and Growth
4. Product Trends
5. End-use Trends
6. Definition and Forecast Parameters
7. Automotive position sensors Market Segmentation
8. Automotive position sensors Market Landscape
9. Vendor Matrix
10. Company Profiles
11. Business Overview
12. Financial Data
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