The Automotive Throttle Position Sensor Market Size was valued at USD 29.57 billion in 2022 and is expected to reach USD 68.14 billion by 2030 and grow at a CAGR of 11% over the forecast period 2023-2030.
In internal combustion engines, the throttle position sensor (TPS) is a three-wire potentiometer that delivers a changing resistance depending on the position of the throttle valve (ICE). Because of this, it is referred to as a throttle position sensor, and it is normally positioned on the throttle valve spindle so that it can directly monitor the position of the throttle valve. The throttle position sensor is very resistant to the impurities that are found in the engine compartment, and it stops the creation of moisture in the engine, which would otherwise occur when the moisture in the air condenses into liquid and causes problems for the engine.
Get More Information on Automotive Throttle Position Sensor Market - Request Sample Report
The amount of air that can enter the intake manifold of the engine is controlled by the throttle position, which is measured by a throttle position sensor. This sensor also measures how open the throttle valve is. This information, along with other measurements such as temperature, engine RPM, and mass airflow (MAF), is used by the engine control module to determine the amount of fuel that is being injected into the engine and the spark timing. The throttle position sensor is mounted onto the throttle body and measures the opening and closing movements of the throttle valve. This information is then transmitted to an engine control module.
KEY DRIVERS:
The market's growth is being accelerated by stricter government rules on emission standards and safety
Automobile electrification is on the rise
The increasing use of potentiometer throttle position sensors in passenger cars around the world
In an automated transmission, the demand for TPS has increased
Increasing worries about engine safety are among the main reasons driving the market's expansion
The increasing usage of sensors in automobiles as autonomous vehicles become more commonplace
RESTRAINTS:
Low preference for diesel cars is one of many reasons limiting market expansion
Vehicle sales will be affected by COVID-19, which is expected to have a significant influence on demand
OPPORTUNITIES:
More and more automotive manufacturers and LiDAR service suppliers are collaborating together
The automotive throttle position sensor industry will see new growth prospects as sensor fusion increases
CHALLENGES:
Due to the increasing level of complexity in the design of throttle sensors
The Market is likely to face substantial challenges due to fluctuating costs, and shifting OEM preferences
The Automotive Throttle Position Sensor market is swiftly reaching its pre-COVID levels, and a solid growth rate is predicted to be expected during the projection period. This growth is likely to be driven by the economic resurgence in the majority of emerging nations. The widespread shutdown of public transportation systems, in conjunction with the extremely contagious nature of the virus, contributed to an increase in the demand for passenger automobiles, which in turn led to an increase in the demand for products related to automotive throttle position sensors. However, the unusual circumstances that are predicted to arise as a result of the third and subsequent waves of the pandemic are contributing to a pessimistic attitude. The purpose of this study is to estimate the influence that COVID-19 will have on the future of the Automotive Throttle Position Sensor market from 2021 until 2030 using a variety of alternative scenarios.
The global market has been divided into potentiometer, socket, and comprehensively based on the product type segment. Potentiometers are expected to see significant growth in the market during the forecast period. This is due to the rising demand for TPS in automatic transmissions, as well as growing concerns about engine safety, which is expected to drive market growth during the forecast period. In addition, the market for potentiometers is expected to grow as a result of the rising demand for TPS in automatic transmissions.
Market, By Sales Channel:
The global market has been divided into OEM, and aftermarket based on the sales channel segment. The OEM sector is predicted to grow at the fastest CAGR during the forecast period. Since the OEM is the original manufacturer of a vehicle's components, OEM auto parts are indistinguishable from the components that are used in the manufacturing process of a vehicle.
Market, By Vehicle type:
On the basis of the vehicle type sector, the global market has been split up into two different categories: passenger vehicles and commercial vehicles. The Passenger Cars sector is predicted to grow at the fastest CAGR during the forecast period, owing to rising income levels and a significant difference in the amount of money spent on car safety and security for private-use automobiles.
By Product Type:
Potentiometer
Socket
Comprehensive
By Sales Channel:
OEM
Aftermarket
By Vehicle Type:
Passenger vehicles
Commercial vehicles
Get Customized Report as per your Business Requirement - Ask For Customized Report
The global market for automobile throttle position sensors has been divided into four significant regions: North America, Europe, Asia-Pacific, and the Rest of the World. Due to factors such as an increase in the automotive infrastructure and the demand for automotive electronics in Japan and South Korea, an increase in the use of automotive sensors with the increasing prevalence of autonomous vehicles, and an increase in the number of partnerships and joint ventures in this region, Asia-Pacific currently holds the largest share of the global market for automotive throttle position sensors. Because of the increasing rules and regulations that the United States Environmental Protection Agency applies to automotive and sensor manufacturers in North America, this region is expected to have the highest rate of growth in the automotive throttle position sensor market. The largest consumer base can be found in the North American region.
REGIONAL COVERAGE:
North America
The USA
Canada
Mexico
Europe
Germany
The UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Continental AG (Germany), HELLA GmbH & Co. (Germany), Denso Corporation (Japan), Delphi Technologies (Ireland), Robert Bosch GmbH (Germany), Magneti Marelli S.p.A(Italy), Infineon Technologies AG (Germany), Sensata Technologies, Inc. (US), Mitsubishi Electric Corporation (Japan), and CTS Corporation (US) are some of the affluent competitors with significant market share in the Automotive Throttle Position Sensor Market.
Denso Corporation (Japan)-Company Financial Analysis
Report Attributes | Details |
---|---|
Market Size in 2022 | US$ 29.57 Billion |
Market Size by 2030 | US$ 68.14 Billion |
CAGR | CAGR of 11% From 2023 to 2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Data | 2020-2021 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • by Product Type (Potentiometer, Socket, Comprehensive) • by Sales Channel (OEM, Aftermarket) • by Vehicle Type (Passenger Vehicles, Commercial vehicles) |
Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Company Profiles | Continental AG (Germany), HELLA GmbH & Co. (Germany), Denso Corporation (Japan), Delphi Technologies (Ireland), Robert Bosch GmbH (Germany), Magneti Marelli S.p.A(Italy), Infineon Technologies AG (Germany), Sensata Technologies, Inc. (US), Mitsubishi Electric Corporation (Japan), and CTS Corporation (US) |
Key Drivers | •The market's growth is being accelerated by stricter government rules on emission standards and safety. •Automobile electrification is on the rise. |
RESTRAINTS | •Low preference for diesel cars is one of many reasons limiting market expansion. •Vehicle sales will be affected by COVID-19, which is expected to have a significant influence on demand. |
Automotive Throttle Position Sensor Market Size was valued at USD 29.57 billion in 2022.
The forecast period of the Automotive Throttle Position Sensor Market is 2022-2030.
The major players are, Continental AG (Germany), HELLA GmbH & Co. (Germany), Denso Corporation (Japan), Delphi Technologies (Ireland), Robert Bosch GmbH (Germany), Magneti Marelli S.p.A(Italy), Infineon Technologies AG (Germany), Sensata Technologies, Inc. (US), Mitsubishi Electric Corporation (Japan), and others in final report.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automotive Throttle Position Sensor Market Segmentation, By Product Type
8.1 Potentiometer
8.2 Socket
8.3 Comprehensive
9. Global Automotive Throttle Position Sensor Market Segmentation, By Sales Channel
9.1 OEM
9.2 Aftermarket
10. Global Automotive Throttle Position Sensor Market Segmentation, By Vehicle Type
10.1 Passenger vehicles
10.2 Commercial vehicles
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 the USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 the UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Robert Bosch GmbH,
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Continental AG (Germany)
12.3 HELLA GmbH & Co. (Germany)
12.4 Denso Corporation (Japan)
12.5 Delphi Technologies (Ireland)
12.6 Magneti Marelli S.p.A(Italy)
12.7 Infineon Technologies AG (Germany)
12.8 Sensata Technologies, Inc. (US)
12.9 Mitsubishi Electric Corporation (Japan)
12.10 CTS Corporation (US)
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Electric Vehicle Market size was estimated USD 491.7 billion in 2023 and is expected to reach USD 1570.12 billion by 2032 at a CAGR of 12.34% during the forecast period of 2024-2032.
EV Test Equipment Market Size was valued at USD 100.80 million in 2023 and is expected to reach USD 620.32 million by 2031 and grow at a CAGR of 25.5% over the forecast period 2024-2031.
The Pickup Trucks Market Size was valued at USD 228 billion in 2023 and is expected to reach USD 269.24 billion by 2031 and grow at a CAGR of 2.1% over the forecast period 2024-2031.
The Light Car Trailer Market size is expected to reach USD 2.05 Bn by 2030, the market was valued at USD 1.40 Bn in 2022 and will grow at a CAGR of 3.5% over the forecast period of 2023-2030.
The Automotive Parking Sensors Market Size was valued at USD 12.02 billion in 2023 and is expected to reach USD 38.07 billion by 2031 and grow at a CAGR of 15.5% over the forecast period 2024-2031.
The locomotive Market size was valued at USD 20.05 billion in 2023 and is expected to reach at USD 47.65 billion by 2032 and grow at a CAGR of 9.10% over the forecast period of 2024-2032.
Hi! Click one of our member below to chat on Phone