This Automotive Throttle Position Sensor Market report also provides data on patterns, improvements, target business sectors, limits and advancements. Furthermore, this research report categorizes the market by companies, region, type and end-use industry. Trends, analysis, SWOT and regional coverage that is available in report offers market intelligence that help readers in strategic choices that business demands. Moreover, this research can be tweaked to cover specific requirements of a client or completely customized for a particular company. The report covers a list of top traders, distributors, and suppliers of industry with research findings, conclusions, and appendix.
The Automotive Throttle Position Sensor Market report offers business overview, product overview, Gypsum Boards market share, supply chain analysis, demand and supply ratio and import/export details and examines considerations such as production value, capacity in a statistical format that accurately reveals a comprehendible picture of the Automotive Throttle Position Sensor Market. Furthermore, all the retrieved information is authorized with the help of primary interviews and questionnaires.
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.
Definition
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
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Key Growth Drivers:
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.
The report emphasizes the participation of key entities, notably:
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.
Key Market Perspectives:
- Thorough examination of prevailing market tendencies
- Updates on the latest product advancements and innovations
- Automotive Throttle Position Sensor MarketCompound Annual Growth Rate (CAGR) for both historic and forecasted years
- Strategies and activities of prominent players and brands in the field
- Insights into the industry landscape for emerging participants
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Key Market Segmentation
By Product Type (Potentiometer, Socket, Comprehensive), Vehicle Type (Passenger Car, Commercial Vehicle), Sales Channel (OEM, Aftermarket)
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