The global automotive powertrain sensors market is anticipated to grow at a CAGR of 5.6% during the forecast period (2022-2028). The increased demand for sensors in hybrid powertrains, as well as the growing demand for mid-sized cars from developing countries, are driving the automotive powertrain sensors market. Additionally, increased awareness of the importance of reducing vehicle carbon emissions, as well as stricter emission rules, create significant potential prospects for participants in the automotive powertrain sensors market.
Emission standards with low hydrocarbons, NOx, and particulate material, such as soot, have been established as a result of stringent requirements in internal combustion engines. The upcoming emission regulations will cut gasoline sulfur content and exhaust emissions. These criteria are expected to improve ultimate powertrain design (engine, gearbox, and exhaust), as well as compel manufacturers to monitor and regulate methods for meeting pollution limits and improving fuel efficiency. Sensors are required by these control systems to track and monitor various aspects of the powertrain, resulting in the rise of the automotive powertrain sensors market.
Consumer demand for more product variety, better performance, increased safety, tougher emission requirements, and cheaper costs drives manufacturers’ R&D expenditure. As a result, there has been an increase in mid-range automobiles with improved fuel efficiency and electrification technologies, which is projected to stimulate demand for powertrain sensors. The increasing adoption of hybrid electric powertrains for optimizing the use of combustion engines for low-speed cruising, tough emission requirements in Europe and the US, and improvements in battery technology manufacture are all contributing to the electric vehicle segment’s quick rise.
Some major players in the market include Denso Corp., Infenion Technologies, Mitsubishi Electric Corp., Robert Bosch GmbH, and Texas Instruments, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market.
Robert Bosch GmbH offers a Crankshaft speed sensor for commercial vehicles. There are two types of crankshaft speed sensors: Hall and inductive. A trigger wheel is installed on the crankshaft, which the sensor reads using a non-contact approach. A missing element in the trigger wheel determines the reference point.
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Market Coverage
The market number available for – 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Sensor Type
By Powertrain Subsystems
By Vehicle Type
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape-
Denso Corp., Infenion Technologies, Mitsubishi Electric Corp., Robert Bosch GmbH, Texas Instruments, among others.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
A full report of automotive powertrain sensors market is available at:
https://orionmarketreports.com/global-automotive-powertrain-sensors-market/102457/
Global Automotive Powertrain Sensors Market Report by Segment
By Sensor Type
Temperature
Position
Pressure
Others
By Powertrain Subsystems
Engine Management
Transmission Management
Power Steering Sensors
By Vehicle Type
Internal Combustion Engines
Electric Vehicles
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