Information contained on this page is provided by an independent third-party content provider. Frankly and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact email@example.com
SOURCE Research and Markets
DUBLIN, Feb. 13, 2018 /PRNewswire/ --
The "Global Two-wheeler Position Sensor Market 2017-2021" report has been added to ResearchAndMarkets.com's offering.
Global two-wheeler position sensor market to grow at a CAGR of 16.73% during the period 2017-2021.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is Development of smart position sensors. Position sensors are finding increased application in modern vehicles. The growing electrification of mechanical components has led to higher number of automotive sensors in modern vehicles, and the position sensor is one the crucial sensors among them. Position sensors have evolved from contact position sensor to contactless sensors, and the magnetic sensors in the contactless segment are becoming quite popular in the automotive market. However, magnetic sensors are exposed to stray field interference, and this is a serious challenge for their adoption.
According to the report, one of the major drivers for this market is the development of easy-to-use position sensors is increasing position sensor adoption. The position sensor is a crucial component in the engine management system of modern vehicles. HELLA has developed contactless inductive position sensors (CIPOS), which is gaining popularity in the market and leading to increased adoption of position sensors. The CIPOS provide better precision and are easy-to-use, and the measurement range of both linear and angular sensors can be flexibly designed. In addition to flexibility, these sensors are easy to assemble and are not sensitive to mechanical misalignment.
Further, the report states that one of the major factors hindering the growth of this market is Impact on suppliers' working capital due to low profitability. Manufacturers in the consumer electronics and automotive sectors operate at extremely low profit margins and tend to reduce their variable manufacturing costs. One of the components of variable costs is raw materials where manufacturers tend to bargain with suppliers during purchase. This intense bargaining from position sensor vendors has resulted in reduced profitability for suppliers. Further, position sensor vendors are forced to lower their product costs to remain competitive in the market. There is a high concentration of vendors in the market, which is likely to raise issues like reduction in the size of customer base and profit margins.
Other Prominent Vendors
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation by Two-Wheeler Type
Part 07: Geographical Segmentation
Part 08: Key Leading Countries
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/9tdvg5/global?w=5
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
View original content:http://www.prnewswire.com/news-releases/global-two-wheeler-position-sensor-market-2017-2021-by-two-wheeler-type---development-of-easy-to-use-position-sensors-is-increasing-position-sensor-adoption-300597982.html
©2017 PR Newswire. All Rights Reserved.