Automotive Position Sensors Market to Surpass USD 2 Billion Mark by 2022
PUNE, India, Oct. 19, 2016 /PRNewswire/ -- Market Research Future Published a Cooked Research Report on Automotive Position Sensors Market.
The global market for Automotive Position Sensors is expected to grow at a CAGR of about 8% between 2016 and 2022.
Market Highlights
The changing focus of the Automotive Industry to technological trends such as autonomous driving, connectivity and electrification is expected to boost the demand in the Automotive Position Sensors market. Increasing integration of position sensors in vehicles portray a positive outlook of continuous growth in the Automotive Position Sensor market.
Taste the market data and market information presented through more than 40 market data tables and figures spread over 80 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on "Global Automotive Position Sensors Market Research Report -Forecast to 2022".
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Automotive Position Sensors Market:
Increasing integration of position sensors in vehicles portray a positive outlook of continuous growth in the Automotive Position Sensor market. Stringent Government regulations regarding automobile safety and increasing global car production at a rate of 4% have also significantly contributed to the growth of this market.
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The major participants of this market are Analog Devices Inc, Avago Technologies, Bosch Sensortec GMBH, Bourns Inc, Continental Corporation, CTS Corporation, Delphi Automotive, Denso Corporation, GE Measurement & Control Solutions, Gill Sensor& Control, Hella KGAA, Infineon Technologies, NXP Semiconductors, Sensata Technoliges, TRW Automotive INC, Stoneridge INC.
Market Research Analysis:
Increasing focus towards production optimization, and growing number of mature oil fields are major driving factors for the Automotive Position Sensors market. North America held the largest share within the global Automotive Position Sensors market is expected to be the dominant market during he forecast period as well. Electric submersible pumps contribute a major part within the global Automotive Position Sensors Market as compared to other lift types. With rapid technological development the Position sensor market in North America region is expected to show high growth. Asia-Pacific is another region which is showing high potential mainly due to the increase in the number of passenger vehicles in this region.
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