According to the research report titled ‘Global Automotive Linear Positions Sensors Market Size study, by Type (Chassis, Powertrain, Vehicle body), Vehicle Type (High-end, Mid-end, Low-end, Electric), by Application (Engine, Power Transmission, Gear Box, Steering, Pedals, Others), by End-Use (Passenger Vehicle, Commercial Vehicle) and Regional Forecasts 2020-2027’, available with Market Study Report, global automotive linear positions sensors market reached a valuation of USD 1.6 billion in the year 2019 and is expected to grow with a CAGR of 8.2% between 2020 and 2027.
 

Increasing production and sales of commercial as well as passenger vehicles along with rising adoption of digitization and automation solutions in automotive sector are key factors fueling the growth of global automotive linear positions sensors market. In fact, the OICA (International Organization of Motor Vehicle Manufacturers) stated that around 67.1 million passenger vehicles were produced globally in the year 2019, as compared to 65.7 million units in 2013.
 

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For those uninitiated, automotive linear position sensors are employed in vehicles to measure the position of the component with regards to its reference point. The product is widely adopted to examine the position of various actuators, valves, and knobs as well as to measure steering wheel position, pedal position, and seat position. These sensors enable the vehicle occupant to take necessary actions with respect to the sensor signal.
 

Integration of these sensors in automotive components such as wiper-arm potentiometers, hall-effect sensors, and optional reflection applications are further facilitating worldwide automotive linear positions sensors industry outlook. However, high cost associated with the product may act as a restraining factor to the overall market growth.
 

The unexpected outbreak of COVID-19 has adversely affected the automation, control, and sensor industry vertical. Additionally, the pandemic has postponed the capital investments in automation sector, which in turn may negatively influence global automotive linear positions sensor market dynamics.
 

From the regional point of view, North America currently holds the largest market share and is predicted to showcase similar growth in the forthcoming years, primarily driven by high concentration of major companies across the region and technological breakthroughs in automotive position sensors. Meanwhile, Asia-Pacific automotive linear positions sensors market is slated to record the highest CAGR through 2027, owing to increasing automotive production as well as sales across the region.
 

The key participants in global automotive linear position sensors industry are Stoneridge Inc., Sensata Technologies Inc., NXP Semiconductors N.V., Infineon Technologies AG, Hella KGaA Hueck & Co., CTS Corporation, Continental AG, Bourns Inc., Bosch Sensortec GmbH, and Analog Devices Inc. among others.