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Automotive Displacement Sensor Market - Adoption of Safety Systems to Boost Growth | TechnavioThe global automotive displacement sensor market is expected to grow at a CAGR of more than 6% from 2017-2021, according to a new market research report by Technavio. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171218005514/en/ 
Technavio has published a new market research report on the global automotive displacement sensor market 2017-2021 under their automotive library. (Graphic: Business Wire) Global automotive displacement sensor market segmentation by application and vehicle type Technavio's report on the global automotive displacement sensor market analyses the 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. "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," says Keerthi Balu, a lead analyst at Technavio for automotive electronics research. This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. Automotive displacement sensor market: competitive vendor landscape The global automotive displacement sensor market has vendors that are globally distributed. 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. Looking for more information on this market? Request a free sample report Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. Other topics covered in the report: Market drivers:
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Get a sample copy of the global automotive displacement sensor market report free of cost Access Technavio's continuously growing automotive electronics research library and find expert analysis on hundreds of markets. About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. If you are interested in more information, please contact our media team at [email protected]. View source version on businesswire.com: http://www.businesswire.com/news/home/20171218005514/en/ |
