The Automotive Throttle Position Sensor Market is segmented by Product Type (Potentiometer, Socket, and Comprehensive), by Vehicle Type (Passenger Cars and Commercial Vehicles), by Sales Channel Type (OEM and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
The Automotive Throttle Position Sensor Market is segmented by Product Type (Potentiometer, Socket, and Comprehensive), by Vehicle Type (Passenger Cars and Commercial Vehicles), by Sales Channel Type (OEM and Aftermarket), and by Region ...
A throttle position sensor (TPS) is a crucial component in modern automotive engines, particularly those with electronic fuel injection systems. Its primary function is to monitor the position of the throttle valve, which controls the amount of air entering the engine. This information is then relayed to the engine control unit (ECU), allowing the ECU to adjust the fuel delivery and ignition timing accordingly for optimal engine performance and efficiency.
Market Drivers
Factors responsible for the market's growth are improving automotive infrastructure in countries such as China, Japan, Germany, Norway, and the US, the growing adoption of potentiometer throttle position sensors in passenger vehicles, across the globe, and stringent vehicle emission norms. The rising demand for throttle position sensors (TPS) in automatic transmissions, as well as growing concerns about engine safety, contributes to the market's growth. Stringent emission norms such as EURO-6, BHARAT stage-VI, and the US tier-2 regulations have supported using advanced sensor technology, by OEMs, which will further contribute to the market growth during the forecast period.
Segment Analysis
By Product Type
"Potentiometers are expected to witness significant growth in the market"
The market is segmented as potentiometer, socket, and comprehensive. Among these, potentiometers are expected to witness significant growth in the market during the forecast period, owing to the rising demand for TPS in automatic transmissions, as well as growing concerns about engine safety, which is expected to drive the market growth during the forecast period.
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By Region
"Asia-Pacific is estimated to be the leading region in the market"
In terms of regions, Asia-Pacific is estimated to be the leading region in the market during the forecast period. The growth of the region’s market is because it is home to major automobile manufacturers, which are expected to fuel the market growth over the forecast period. The region's growing automotive infrastructure is expected to be the primary reason for the growth of the region's market. Furthermore, the demand for automotive electronics is increasing in countries such as South Korea, India, and Japan, which is expected to provide significant growth opportunities during the forecast period.
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key Players
The following are the key players in the Automotive Throttle Position Sensor (arranged alphabetically)
Note: The above list does not necessarily include all the top players in the market.
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Report Features
This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the global market.
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Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the Automotive Throttle Position Sensor Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market Segment Analysis and Forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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10% free customization
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
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Detailed profiling of additional market players (up to 3 players)
SWOT analysis of key players (up to 3 players)
Market Segmentation
Current market segmentation by any one of the product types by vehicle type.
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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Some of the key players in the automotive throttle position sensor market are Continental AG, CTS Corporation, Delphi Technologies, Denso Corporation, HELLA GmbH & Co., Infineon Technologies AG, Magneti Marelli S.P.A, Mitsubishi Electric Corporation, Robert Bosch GmbH and Sensata Technologies, Inc.
