info@marketresearchfuture.com   📞 +1 (855) 661-4441(US)   📞 +44 1720 412 167(UK)   📞 +91 2269738890(APAC)
Certified Global Research Member
Isomar 1 Iso 1
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

US Automotive Position Sensors Market Research Report By Type (Chassis, Powertrain, Vehicle Body) and By Application (Engine, Power Transmission, Gear Box, Steering & Pedals, Others) - Forecast to 2035


ID: MRFR/AM/13502-HCR | 100 Pages | Author: Garvit Vyas| December 2023

US Automotive Position Sensors Market Overview:


As per MRFR analysis, the US Automotive Position Sensors Market Size was estimated at 1 (USD Billion) in 2023. The US Automotive Position Sensors Market Industry is expected to grow from 1.25(USD Billion) in 2024 to 2.5 (USD Billion) by 2035. The US Automotive Position Sensors Market CAGR (growth rate) is expected to be around 6.504% during the forecast period (2025 - 2035).


Key US Automotive Position Sensors Market Trends Highlighted


The US Automotive Position Sensors Market is experiencing significant growth due to several key market drivers including the increasing adoption of advanced driver assistance systems (ADAS) and automation in vehicles. With ongoing advancements in technology, automakers are integrating various sensors into vehicles to enhance safety and improve vehicle performance. As a result, these sensors are becoming critical components in modern automotive designs. Additionally, the push for electric vehicles (EVs) is stimulating demand for vehicle position sensors, which are essential for effective battery management and overall vehicle control. In recent times, there is a growing trend toward the development of smart sensors that enable better interfacing with vehicles' electronic control units.This trend enhances accuracy and reliability, crucial for both performance and safety.

The increasing focus on sustainability and energy efficiency is also driving innovations in sensor technology. Opportunities to be explored include the integration of IoT technologies, which can provide real-time data analytics, thus improving vehicle maintenance and operational efficiency. Furthermore, ongoing investments from government initiatives aimed at promoting clean energy alternatives provide an avenue for substantial growth in this sector. As the US automotive industry continues to evolve, the need for effective position sensing technologies will become even more critical, signaling a promising trajectory for the market.Collaboration among industry players, technology providers, and regulatory bodies will also play a vital role in shaping the future landscape of automotive position sensors in the US. Overall, the combination of safety, performance enhancements, and sustainability pursuits positions this market on an upward trend.


US Automotive Position Sensors Market size

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


US Automotive Position Sensors Market Drivers


Growing Demand for Electric Vehicles


The transition toward electric vehicles (EVs) in the United States significantly influences the US Automotive Position Sensors Market Industry. As of recent reports, EV sales in the U.S. surged by nearly 200% from 2019 to 2022, highlighting a substantial shift in consumer preferences towards environmentally friendly transportation. Notably, the U.S. government aims for EVs to constitute 50% of all vehicle sales by 2030, according to official statements from the Department of Energy.As EV technology evolves, the need for precise position sensors, crucial for battery management, automatic driving systems, and improved safety features, is expected to grow to meet the demands of new vehicle architectures. Major automotive manufacturers like Tesla and Ford are actively investing in the development of advanced position sensors to enhance vehicle performance, thereby pushing the growth of this market segment.


Technological Advancements in Sensor Technologies


Technological innovation plays a pivotal role in the growth of the US Automotive Position Sensors Market Industry. The integration of advanced technologies, such as MEMS (Micro-Electro-Mechanical Systems) sensors, is revolutionizing automotive applications. The Society of Automotive Engineers stated that the adoption of MEMS sensors could lead to an expected efficiency improvement in automation techniques by about 30% in the next few years. Additionally, significant improvements in sensor accuracy and miniaturization are enabling vehicle manufacturers to enhance the overall driving experience by incorporating features like adaptive cruise control and automated parking.Leading companies like Bosch and Honeywell are at the forefront of these innovations, driving the rapid evolution of position sensor technologies in the automotive sector.


Rising Focus on Vehicle Safety and Regulations


Increasing commitment to vehicle safety regulations in the United States is compelling manufacturers to integrate advanced position sensors into their vehicles. The National Highway Traffic Safety Administration reported that approximately 36,096 individuals lost their lives in motor vehicle traffic crashes in 2019, prompting tighter regulations to enhance vehicle safety standards. Under new regulations, vehicles must include specific safety features, such as lane departure warning and collision avoidance systems, which rely heavily on accurate position sensing technology.This regulatory push translates to increased demand for automotive position sensors, as manufacturers like General Motors and Toyota strive to meet the stringent safety standards set forth by government agencies, thus highlighting a critical driver in the US Automotive Position Sensors Market Industry.


US Automotive Position Sensors Market Segment Insights:


Automotive Position Sensors Market Type Insights


The US Automotive Position Sensors Market, characterized by its Type segmentation, showcases a dynamic landscape essential for enhancing vehicle functionality and safety. Within this market, the categories of Chassis, Powertrain, and Vehicle Body emerge as critical components, each contributing uniquely to the automotive ecosystem. Chassis position sensors play a vital role in the precision of vehicle handling and stability, ensuring safety during dynamic maneuvers. They aid in functionalities like adaptive suspension systems and electronic stability control, which have become increasingly significant in modern vehicles, especially with the rise of electric and hybrid models.Powertrain sensors, on the other hand, have gained prominence for their ability to monitor various engine parameters, thereby influencing fuel efficiency and performance.

As regulatory standards tighten around emissions and fuel economy in the US, the reliance on sophisticated position sensors in the powertrain will likely continue to grow. Furthermore, Vehicle Body sensors are integral for systems such as advanced driver-assistance systems (ADAS) and various comfort features. These sensors ensure that consumers receive the reliability and convenience they expect in contemporary automobiles.The ongoing technological advancements and shifts towards automation and electrification in the automotive sector are fostering opportunities for these segments, paving the way for innovative applications and enhanced performance metrics. Overall, the ongoing evolution within the sub-segments in the US Automotive Position Sensors Market reflects broader trends in the automotive industry focused on safety, efficiency, and innovation, positioning it well for future growth and development.


US Automotive Position Sensors Market segment

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Automotive Position Sensors Market Application Insights


The US Automotive Position Sensors Market is experiencing significant growth across various applications, driven by the increasing demand for high-performance vehicles and advancements in automotive technologies. In this market, applications are categorized into key areas such as Engine, Power Transmission, Gear Box, Steering and Pedals, among others. The Engine application segment plays a crucial role in optimizing vehicle performance, influencing efficiency and emissions control, which is vital given the strict regulations imposed by US environmental authorities.Similarly, the Power Transmission segment significantly enhances the reliability and safety of vehicle operation, making it indispensable in modern automotive engineering. The Gear Box application is essential for ensuring smooth shifting and overall drivability, while the Steering and Pedals applications contribute to improved driver control and comfort. Additionally, the "Others" category encompasses various innovative uses that reflect the evolving landscape of automotive technologies. Overall, the ongoing shift toward electrification and automation in the automotive industry presents numerous opportunities for growth within these application segments, showcasing the critical role that position sensors play in the future of mobility in the US.


US Automotive Position Sensors Market Key Players and Competitive Insights:


The US Automotive Position Sensors Market is characterized by fierce competition among several prominent players, each vying for market share and striving to innovate in both product development and technology. This sector has gained considerable traction due to the increasing demand for advanced automotive technologies and the growing need for efficient vehicle performance. Position sensors play a crucial role in modern automobile systems, ensuring optimal functionality across various applications, including engine management, chassis control, and safety systems. As automotive manufacturers transition toward electrification and automation, the demand for high-quality position sensors is expected to rise, leading to heightened competition and continuous efforts in research and development. Companies that can offer reliable, accurate, and cost-effective sensing solutions are positioned advantageously in capturing market share while addressing the dynamic requirements of the automotive industry.

Bosch stands out as a major player within the US Automotive Position Sensors Market, leveraging its extensive engineering expertise and innovative technological capabilities. Known for its commitment to quality and performance, Bosch has established a strong market presence through the development of a diverse portfolio of position sensors tailored for various applications including gas pedal, brake, and throttle position sensing. The company’s strengths lie in its robust research and development framework, allowing it to consistently bring advanced, cutting-edge solutions to the market. Additionally, Bosch's strong relationships with automotive manufacturers facilitate a deeper understanding of market needs, allowing the company to stay ahead of trends and adapt its product offerings accordingly.

Furthermore, Bosch’s global operational reach enhances its supply chain efficiency, providing a competitive edge when meeting the demands of the US automotive sector.Magneti Marelli has also made a significant impact in the US Automotive Position Sensors Market, known for its broad range of sensor technologies that support both conventional and electric vehicle platforms. The company’s offerings include position sensors that ensure accurate measurement and precise control, catering to the growing trend of vehicle electrification and automation. Magneti Marelli’s strengths include its commitment to innovation and sustainability, positioning it well to respond to the changing landscape of the automotive industry in the United States. The company has actively pursued partnerships and acquisitions to enhance its technological capabilities and product offerings, allowing it to maintain a competitive edge. By focusing on developing advanced sensor solutions with the latest technology, Magneti Marelli strengthens its market position while simultaneously expanding its reach within the automotive sector in the US, addressing the increasingly complex demands of modern vehicle systems.


Key Companies in the US Automotive Position Sensors Market Include:


Bosch


Magneti Marelli


Infineon Technologies


Aptiv


Continental


Renesas Electronics


TE Connectivity


Denso


Fujitsu


Mitsubishi Electric


Analog Devices


Texas Instruments


STMicroelectronics


Honeywell


NXP Semiconductors


US Automotive Position Sensors Market Industry Developments


The US Automotive Position Sensors Market has witnessed significant developments recently, particularly with advancements from key players like Bosch, Infineon Technologies, and Denso, focusing on increasing electronic vehicle (EV) adoption. In October 2023, Bosch announced plans to enhance its portfolio of position sensors to support advanced driver-assistance systems, aligning with the growing demand for safety features in vehicles. In September 2023, Aptiv revealed new innovations in position sensor technology aimed at improving vehicle automation, contributing to the industry’s shift towards autonomous driving.

Additionally, in August 2023, Magneti Marelli completed its merger with a technology firm, strengthening its position in sensor solutions for the automotive sector. Market valuation of companies like Honeywell and NXP Semiconductors has seen growth due to the rising demand for such technologies, influenced by increasing regulatory standards for vehicle emissions and safety. Over the past two years, significant investments in Research and Development have been noted, with major players enhancing their sensor capabilities to meet the needs of a dynamic market. The sustained recovery of the automotive industry post-pandemic is also fueling demand for advanced position sensor technologies, affecting overall market dynamics across the US.


US Automotive Position Sensors Market Segmentation Insights


Automotive Position Sensors Market Type Outlook


Chassis


Powertrain


Vehicle Body


Automotive Position Sensors Market Application Outlook


Engine


Power Transmission


Gear Box


Steering & Pedals


Others

Report Attribute/Metric Source: Details
MARKET SIZE 2018 1.0(USD Billion)
MARKET SIZE 2024 1.25(USD Billion)
MARKET SIZE 2035 2.5(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR) 6.504% (2025 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
MARKET FORECAST PERIOD 2025 - 2035
HISTORICAL DATA 2019 - 2024
MARKET FORECAST UNITS USD Billion
KEY COMPANIES PROFILED Bosch, Magneti Marelli, Infineon Technologies, Aptiv, Continental, Renesas Electronics, TE Connectivity, Denso, Fujitsu, Mitsubishi Electric, Analog Devices, Texas Instruments, STMicroelectronics, Honeywell, NXP Semiconductors
SEGMENTS COVERED Type, Application
KEY MARKET OPPORTUNITIES Growing demand for autonomous vehicles, Increasing adoption of electric vehicles, Technological advancements in sensor accuracy, Rising focus on vehicle safety standards, Expanding applications in ADAS systems
KEY MARKET DYNAMICS Growing electric vehicle adoption, Increasing safety regulations, Advancements in sensor technology, Rising demand for automation, Enhanced vehicle performance requirements
COUNTRIES COVERED US


Frequently Asked Questions (FAQ) :

The expected market size of the US Automotive Position Sensors Market in 2024 is valued at 1.25 billion USD.

By 2035, the projected market value for the US Automotive Position Sensors Market is estimated to reach 2.5 billion USD.

The expected CAGR for the US Automotive Position Sensors Market from 2025 to 2035 is 6.504%.

Major players in the US Automotive Position Sensors Market include Bosch, Magneti Marelli, Infineon Technologies, and several others.

The market value for the Chassis segment of the US Automotive Position Sensors Market in 2024 is expected to be 0.45 billion USD.

The Powertrain segment is expected to be valued at 0.8 billion USD by 2035 in the US Automotive Position Sensors Market.

The anticipated market size for the Vehicle Body segment in 2024 is 0.4 billion USD.

The combined market value for the Chassis, Powertrain, and Vehicle Body segments in 2035 is expected to reach 2.5 billion USD.

Key growth drivers for the US Automotive Position Sensors Market include increasing automotive technology advancements and demand for vehicle safety.

The current global scenario presents both opportunities and challenges but is primarily fostering innovation and adaptation within the US Automotive Position Sensors Market.

Leading companies partner with us for data-driven Insights.

clients

Kindly complete the form below to receive a free sample of this Report

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.
report-img