According to Technavio’s latest market research study, the global automotive powertrain sensors market is expected to grow at a CAGR of close to 6% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global automotive powertrain sensors market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the sensor type
Source: Technavio
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The top three revenue contributing sensor segments are discussed below
Global process sensors market: Process sensors monitor temperature and pressure and are used for applications pertaining to passenger safety and vehicle security. The growth of the mid- and low-segment vehicle’s market is expected to reflect positively on the demand for process sensors in the global market during the forecast period.
“The demand for pressure sensors in the global market is projected to increase manifold owing to the tightening of emission control standards by authorities across the world,” says Neelam Barua, a lead analyst at Technavio for research on automotive electronics.
Global position sensors market: Position sensors are a standard fitment in the currently available vehicles. Camshaft and crankshaft position sensors have the highest adoption among position sensors in the automotive segment. The growth of the global position sensors market is driven by the need to comply with stringent regulations regarding emission control.
Global motion sensors market: The adoption of motion sensors is expected to experience an upsurge owing to the rise in demand for safety systems such as ABS, TCS, and ESC. The increasing electrification of mechanical components in vehicles is also contributing to the adoption of ABS.
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The top vendors operating in the global automotive powertrain sensors market are:
- Bosch
- Continental
- Sensata Technologies
- Texas Instruments
- NXP Semiconductors
- Murata Manufacturing
Other prominent vendors in the market include Delphi Automotive, DENSO, Infineon Technologies, Mitsubishi Electric, and PCB Piezotronics.
A more detailed analysis is available in the Technavio report titled, ‘Global Automotive Powertrain Sensors Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Automotive Sensors Market 2016-2020
- Global Automotive LIDAR Sensors Market 2016-2020
- Global Sensor Module Market in the Automotive Sector 2016-2020
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