The linear position sensors market for automotive and industrial application is expected to grow from USD 3,174.74 million in 2016 to USD 4,457.7 million in 2022, at a CAGR 5.8% between 2016 and 2022.
The growth of the linear position sensors market is driven by the factors such as government regulations for safety, efficiency, driver assistance, and increase in vehicle electrification, convenience, and comfort. Emerging economies such as China and India are likely to be the key source of growth for the industry. Sensors are increasingly being utilized to provide comfort and convenience to passengers, which are expected to contribute to the growth of the market. Since the last several years, the automotive industry has increased its focus on advanced control systems. These systems are being implemented for transmissions, engine control, emissions monitoring, and safety applications.
Linear position sensors are used in multiple applications such as brake pedal position sensing, clutch pedal position sensing, accelerator pedal position sensing, seat and headrest position, electric roof position, sunroof position, windscreen wiper position, crash sensing, valve position sensing, gear shift position sensing, headlight position sensing, manifold flap position sensing, seat position sensing, and many others. Magnetic sensors and inductive sensors are used for automotive applications. Some of the technologies used for position sensors are potentiometric, Hall-effect based, anisotropic magnetoresistance based (AMR), giant magnetoresistance based (GMR), and inductively coupled.
Position sensors are the basic sensors used in the automotive sector. The increasing number of suppliers for level/position sensors has increased the competition in the industry. China is the main reason for the competition in the market as it manufactures low-cost cars which use basic sensors. The aggressive participation of suppliers in producing level/position sensors has reduced the sensors’ price significantly. This acts as a driver for the industry.
The factor restraining the market growth is the increasing pricing pressure, In the near future, varying prices of sensors would be the major restraining factor for the market.
This research study involves the extensive use of secondary sources, directories, and databases (such as annual reports, press releases, journals, company websites, and paid databases) to identify and collect information useful for this study. The entire procedure includes the study of the financial reports of the top market players. After arriving at the overall market size, the total market has been split into several segments and sub-segments and confirmed with the key industry experts such as CEOs, VPs, directors, and marketing executives.
The major players in linear position sensors for automotive and industrial applications are TE connectivity Ltd. (Switzerland), Omron Corporation (Japan), MTS Systems Corp. (U.S.), Honeywell international Inc. (U.S.), Keyence Corp. (Japan), Emerson Electric Co. (U.S.), Sick AG (Germany), National Instruments Corp. (U.S.), Vishay Intertechnology, Inc. (U.S.), Hans Turck GMBH CO.KG. (Germany) among others.
Credit: MicroMarket Monitor
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