Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Automotive Position Sensor Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Automotive Position Sensor Market Growth?
The market size of the automotive position sensor has experienced significant growth in the past years. The market size will increase from $5.68 billion in 2024 to $6.01 billion in 2025, with a compound annual growth rate (CAGR) of 5.8%.
What Is the Predicted Industry Size and CAGR of the Automotive Position Sensor Market in 2029?
The Automotive Position Sensor Global Market is predicted to grow to a size of $7.58 billion by 2029, with a compound annual growth rate (CAGR) of 6.0%.
Download the Free Sample Now:
Which Factors Are Driving Growth in the Automotive Position Sensor Market?
The key drivers in the automotive position sensor market are:
• Rising demand for electric vehicles
• Increase in vehicle electrification and hybridization
• Growing government initiatives supporting automotive industry
• Increasing demands for compact and energy-efficient sensors
Which Segment Trends Are Covered in the Automotive Position Sensor Market Forecast?
The automotive position sensor market covered in this report is segmented –
1) By Type: Multi-Axis, Angular, Linear, Other Types
2) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
3) By Sales Channels: Original Equipment Manufacturers (OEMs), After market
4) By Applications: Clutch, Brake And Accelerator Pedals, Engine, Transmission And Suspension, Gear Shifters, Chassis, Other Applications
Explore the Complete Market Report:
What Are the Current Market Trends in the Automotive Position Sensor Industry?
The key trends in the automotive position sensor market are:
• The demand for electrical vehicles and the rise of vehicle electrification and hybridization is influencing the automotive position sensor market.
• Increased government initiatives and heightened demand for vehicle and environmental monitoring are shaping the market trend.
• There is a rising demand for compact, energy-efficient sensors in the automotive industry.
• The integration of IoT and connectivity, vehicle miniaturization, technological convergence, and advanced ADS systems are key trends emerging in this market.
Who are the Key Companies in the Automotive Position Sensor Market?
Major players in the automotive position sensor market are:
• Robert Bosch GmbH
• Panasonic Corporation
• Denso Corporation
• ZF Friedrichshafen AG
• Continental AG
• Magna International Inc.
• Mitsubishi Electric Corporation
• Honeywell International Inc.
• Texas Instruments Incorporated
• Aptiv Plc
• Schaeffler AG
• TE Connectivity
• STMicroelectronics N.V.
• Infineon Technologies AG
• Murata Manufacturing Co. Ltd.
• NXP Semiconductors
• BorgWarner Inc.
• Amphenol Corporation
• Analog Devices Inc.
• HELLA GmbH & Co. KGaA
• Sensata Technologies Inc.
• Allegro MicroSystems Inc.
• Stoneridge
• Melexis
• CTS Corporation
What are the Regional Trends Across the Automotive Position Sensor Market?
Asia-Pacific was the largest region in the automotive position sensor market in 2024
