Position sensors are used in automobiles to determine the steering wheel position, pedal positions, seat positions, and the position of various valves, knobs, and actuators. These sensors use a variety of technologies, such as wiper-arm potentiometers, optical reflection or imaging, and Hall-effect sensors, to detect their location. With continuous advancements and innovations in technology, the demand for more convenient and easy driving options is rising continuously, which ultimately increases the demand for electronic sensors. The growing inclination of consumers toward alternative fuel vehicle to reduce GHG emissions and surging consumer demand for vehicle safety are some other factors propelling the demand for automotive sensors across the globe. Growth of all sensors is expected to grow in the forecasted period due to high level of investment for technological advancement and revolutionized products.

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The Automotive Position Sensor Market is expected to grow at a steady rate of around 14% during the forecast period (2022-2028). The growing need for automotive position sensors for steering wheel positioning, throttle control, automatic gear selection, and maintaining vehicle stability is largely responsible for the market’s expansion. A further factor driving the use of position sensors in advanced driver assistance systems is the rising emphasis on vehicle safety (ADAS). The development of sophisticated hall-effect position sensors, which have wide applications in speed detection for anti-lock brake systems, is another factor driving the market (ABS).

Based on product type, the market is divided into multi-axis, angular, linear and others. Linear position sensor holds a prominent share in the automotive position sensor market. The demand for linear position sensors in the automotive application is largely driven by government regulations for safety & efficiency and driver assistance and integration of position sensors in non-commercial vehicles.

Based on vehicle type, the market is divided into passenger cars, light commercial vehicle, and heavy commercial vehicle. The passenger car segment holds the largest share by vehicle type. The growth of segment is fueled by rising popularity of electric, hybrid and autonomous vehicles.

Based on application type, the market is divided into power train, safety & security, body electronics, chassis, others. The Power train segment holds a prominent share by application. Stringent emission regulations and fuel-efficiency norms formulated by governments of various countries drives the growth of automotive sensors in powertrain application.

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For a better understanding of the market adoption of the automotive position sensor industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), Rest of World. Asia Pacific dominated the automotive position sensor market with a share of more than 45% in 2020. The prime factors attributed to this are rising demand for enhanced safety vehicle coupled with increasing purchasing power in the region. Emerging economies in the Asia Pacific such as India and China experience significant demand for automotive sensors. Large consumer base and green revolution drives in the region have flourished the application of sensor technology in automotive industry prominently.

Some of the major players operating in the market include Analog Devices Inc., Broadcom Inc., Bosch Sensortec Gmbh, Bourns Inc., Continental AG, CTS Corporation, BorgWarner Inc., DENSO CORPORATION, HELLA GmbH & Co, Infineon Technologies AG. The market is diversified with a large number of global and regional market players.

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Global Automotive Position Sensor Market Segmentation

Market Insight, by Product Type

•Multi-Axis
•Angular
•Linear
•Others

Market Insight, by Vehicle Type

·         Passenger Cars

·         Light Commercial Vehicle

·         Heavy Commercial Vehicle

Market Insight, by Application

·         Power Train

·         Safety & Security

·         Body Electronics

·         Chassis

·         Others

Market Insight, by Region

·         North America

o     US

o     Canada

o     Rest of North America

·         Europe

·         Germany

·         United Kingdom

·         France

·         Italy

·         Spain

·         Rest of Europe

·         Asia-Pacific

o    China

o    Japan

o    India

o    Australia

o    Rest of Asia-Pacific

·         Rest of the World

Top Company Profiles

·         Analog Devices Inc.

·         Broadcom Inc.

·         Bosch Sensortec Gmbh

·         Bourns Inc. 

·         Continental AG

·         CTS Corporation

·         BorgWarner Inc.

·         DENSO CORPORATION

·         HELLA GmbH & Co

·         Infineon Technologies AG