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.
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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
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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
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