Automotive Throttle Position Sensor Market 2021 Industry Size, Share, Trends, Company Profiles, Future Prospects and Forecast by 2027

Market Overview

The Automotive Throttle Position Sensor Market research is a comprehensive analysis of the global throttle position sensor market. The research report covers all the major factors that are helping the Automotive Sensors Market to grow and also includes information about the elements that are creating an obstacle for market growth. Along with all these, this report also has factors like segment-wise data, regional market data, competitor analysis, and more. As per this report, the global automotive throttle piston sensor market will grow at a 7 percent of CAGR.

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With time, all most all the vehicles are getting more sophisticated, and the manufacturers are now integrating sensors that can identify the external as well as internal operating conditions. One of such major sensors is the throttle position sensor. Speaking about TPS, it is one type of three-wire potentiometer that offers the variable resistance, based on the throttle value position in the ICE- Internal Combustion Engines. It is generally installed on the throttle valve spindle to effectively monitor the position.

The Automotive Throttle Position Sensor Market Size are quite effective against engine bay contaminants and effectively prevent the formation of moisture in the vehicle engine. Besides, they come in dual-channel as well as single-channel solutions to offer maximum safety. This is a major factor that is projected to propel the growth of the global automotive throttle position sensor. On the other hand, in developed and developing countries, the automotive infrastructure is also developing, boosting the market expansion rate. The introduction of the contactless position sensor is also a propelling factor.

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Market Segmentation

Speaking about the segmentation of the global Automotive Throttle Position Sensor Market Share, it is segmented on the basis of three major factors, i.e., by sales channels, by product type, and by vehicle type. On the basis of product type, the global ATPS market is divided int comprehensive, socket, and potentiometer. The potentiometer category is projected to dominate the market during the forecasting period. On the basis of vehicle type, the market is categorized under commercial vehicles and passenger vehicles. The passenger vehicle segment is anticipated to enjoy maximum growth. Now, based on the sales channel, the ATPS market has two categories, i.e., aftermarket and OEM.

Regional Overview

Regionally, the global Automotive Throttle Position Sensor Market is divided into four main regions. These are Asia Pacific, Europe, North America, and the Rest of the World. Among all these regions, the Asia Pacific regional market is projected to witness the maximum growth during the forecast period. The major reason behind this is expected to be the increasing number of automotive infrastructures. Besides, in countries like South Korea, India, and Japan, the demand for automotive electronics is also increasing. On the other hand, the strict rules imposed by various authorities related to vehicle safety is also a major propelling factor.

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Key Players

The prominent players in the Global Automotive Throttle Position Sensor Industry include Continental AG (Germany), Delphi Technologies (Ireland), Robert Bosch GmbH (Germany), Denso Corporation (Japan), HELLA GmbH & Co. (Germany), Magneti Marelli S.p.A (Italy), Infineon Technologies AG (Germany), Sensata Technologies, Inc. (US), Mitsubishi Electric Corporation (Japan), and CTS Corporation (US).

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