Technavio’s market research report on the global automotive displacement sensor market sees that market growing at a CAGR of more than 6% from 2017 to 2021. The report analyzes business dimensions and presents a comprehensive breakdown in terms of market segmentation by application which includes the powertrain and engine systems, and braking systems. As projected in 2016, 55% of the market share originated from powertrain and engine systems segment. The powertrain and engine systems dominated the market mainly because of the adoption of safety systems in the automotive industry and the growing need to reduce emissions.
Based on vehicle type, the global automotive displacement sensor market has been segmented into passenger cars and commercial vehicles. As of 2016, over 85% of the market share came from the passenger cars segment. Research indicates the high dominance of the passenger car segment is primarily because of the high penetration rate and demand for automatic and semi-automatic transmission gearboxes in these cars than commercial vehicles. Also, the global high-volume sales of passenger cars in comparison to commercial vehicles makes automated gearboxes more prevalent in the passenger cars segment.
The global automotive displacement sensor market has globally-distributed vendor, however, manufacturers are coming up with different technologies to gain the largest share of the market. The market is expected to grow at a steady pace for the coming years owing to the growing competition between the players. They are using engine control systems and emission reduction technologies as differentiating factors. In addition, the need to comply with regulatory standards by governments are driving manufacturers toward advanced and autonomous technologies. Bosch, FTE automotive, KEYENCE, MICRO-EPSILON, and OMRON as the key vendors in the global automotive displacement sensor market.
Other report topics include:
• Rising demand for non-contact displacement sensors
• Electrification of mechanical components in modern vehicles
• Cost pressures on automotive OEMs
• Impact on working capital of suppliers lowering profitability
• Increasing demand for Hall effect sensors
• Development of single-channel displacement sensing system
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