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Global Automotive Throttle Position Sensor Market, By Product Type (Potentiometer, Socket, Comprehensive), Vehicle Type (Passenger Car, Commercial Vehicle), Sales Channel (OEM, Aftermarket), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Automotive throttle position sensor market will reach at an estimated value of USD 54.45 billion and grow at a CAGR of 10.50% in the forecast period of 2021 to 2028. Increasing use of alternative fuel vehicles is an essential factor driving the automotive throttle position sensor market.
Throttle position sensor (TPS) is defined as a three-wire potentiometer, which provides a variable resistance, depending on the position of the throttle valve in internal combustion engines (ICE). Therefore, it is called a throttle position sensor, that is typically positioned on the throttle valve spindle, so that it can directly monitor its position. The throttle position sensor is highly resistant to engine bay contaminants and it prevents moisture formation in the engine as the moisture in the air converts into liquid and affects the engine
Rising stringent government regulations regarding emission standards and safety is a crucial factor accelerating the market growth, also rising electrification in automobiles, rising automotive infrastructure in countries such as Japan, China, Germany, Norway, and the U.S., rise in the adoption of potentiometer throttle position sensors in passenger vehicles, across the globe, rise in the demand for TPS in automatic transmission, and the rising concerns regarding engine safety are the major factors among others boosting the automotive throttle position sensor market. Moreover, rise in the use of automotive sensors with increasing autonomous vehicles, rise in the partnerships and joint ventures of various automobile giants with LiDAR providers and increase in the sensor fusion will further create new opportunities for automotive throttle position sensor market in the forecast period mentioned above.
However, increase in the low preference for diesel cars and underdeveloped aftermarket are the major factors among others restraining the market growth, while rise in the safety threats in autonomous cars and impact of COVID-19 on car sales will further challenge the automotive throttle position sensor market in the forecast period mentioned above.
This automotive throttle position sensor market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive throttle position sensor market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Automotive throttle position sensor market is segmented on the basis of product type, vehicle type and sales channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Automotive throttle position sensor market is analysed and market size, volume information is provided by country, product type, vehicle type and sales channel as referenced above.
The countries covered in the automotive throttle position sensor market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the automotive throttle position sensor market due to rise in the automotive infrastructure and the demand of automotive electronics in Japan and South Korea, rise in the use of automotive sensors with increasing autonomous vehicles and rise in the partnerships and joint ventures in this region. North America is the expected region in terms of growth in automotive throttle position sensor market due to rising rules and regulations imposed by the US Environment Agency applied on automotive and sensor manufacturers in this region.
The country section of the automotive throttle position sensor market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Automotive throttle position sensor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive throttle position sensor market.
The major players covered in automotive throttle position sensor market report are Honeywell International Inc., SICK AG, TE Connectivity, MTS Systems Corporation, ams AG., Vishay Intertechnology, Infineon Technologies AG, STMicroelectronics, Bourns, Inc., Allegro MicroSystems, LLC, Renishaw plc., HEIDENHAIN, Hans Turck GmbH & Co. KG, Novotechnik U.S. Inc., PIHER SENSORS AND CONTROLS SA., Hamamatsu Photonics K.K, Broadcom., General Electric, Methode Electronics. and ifm electronic among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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