Global Two-Wheeler Position Sensor Market 2017-2021 by Two-Wheeler Type - Development of Easy-To-Use Position Sensors is Increasing Position Sensor Adoption

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Feb 13, 2018, 02:15 ET

DUBLIN, Feb. 13, 2018 /PRNewswire/ --

The "Global Two-wheeler Position Sensor Market 2017-2021" report has been added to ResearchAndMarkets.com's offering.

Global two-wheeler position sensor market to grow at a CAGR of 16.73% during the period 2017-2021.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is Development of smart position sensors. Position sensors are finding increased application in modern vehicles. The growing electrification of mechanical components has led to higher number of automotive sensors in modern vehicles, and the position sensor is one the crucial sensors among them. Position sensors have evolved from contact position sensor to contactless sensors, and the magnetic sensors in the contactless segment are becoming quite popular in the automotive market. However, magnetic sensors are exposed to stray field interference, and this is a serious challenge for their adoption.

According to the report, one of the major drivers for this market is the development of easy-to-use position sensors is increasing position sensor adoption. The position sensor is a crucial component in the engine management system of modern vehicles. HELLA has developed contactless inductive position sensors (CIPOS), which is gaining popularity in the market and leading to increased adoption of position sensors. The CIPOS provide better precision and are easy-to-use, and the measurement range of both linear and angular sensors can be flexibly designed. In addition to flexibility, these sensors are easy to assemble and are not sensitive to mechanical misalignment.

Further, the report states that one of the major factors hindering the growth of this market is Impact on suppliers' working capital due to low profitability. Manufacturers in the consumer electronics and automotive sectors operate at extremely low profit margins and tend to reduce their variable manufacturing costs. One of the components of variable costs is raw materials where manufacturers tend to bargain with suppliers during purchase. This intense bargaining from position sensor vendors has resulted in reduced profitability for suppliers. Further, position sensor vendors are forced to lower their product costs to remain competitive in the market. There is a high concentration of vendors in the market, which is likely to raise issues like reduction in the size of customer base and profit margins.

Key Vendors

Bosch
Continental
DENSO
Delphi

Other Prominent Vendors

Hyundai KEFICO
Pucheng Sensors
CTS
Infineon Technologies
Methode Electronics
ZF Friedrichshafen
Sensata Technologies

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation by Two-Wheeler Type

Part 07: Geographical Segmentation

Part 08: Key Leading Countries

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Key Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/9tdvg5/global?w=5

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SOURCE Research and Markets