MarketResearchNest.com adds “Global Automotive Throttle Position Sensor (TPS) Market 2017-2021” new report to its research database. The report spread across 77 pages with table and figures in it.
Research analysts forecast the global automotive throttle position sensor (TPS) market to grow at a CAGR of 5.70% during the period 2017-2021.
About Automotive Throttle Position Sensor (TPS) Market
TPS is a crucial category of position sensors, which monitor the position of the valve in the vehicle engine. TPS are most common in ICE-vehicles nowadays. Currently, the global automotive TPS market is at the maturity stage, and their demand is coming from new vehicle productions and aftermarkets for replacement parts. Government regulations on vehicle emissions, fuel efficiency, and safety will continue to contribute to the growing number of position sensors per vehicle, and TPS is one of the crucial sensors among them.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive throttle position sensor (TPS) market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
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The market is divided into the following segments based on geography:
Technavio’s report, Global Automotive Throttle Position Sensor (TPS) Market 2017-2021, 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.
Technavio recognizes the following companies as the key players in the global automotive throttle position sensor (TPS) market: Bosch, Continental, Delphi, DENSO, and HELLA.
Other Prominent Vendors in the market are: CTS, Infineon Technologies, Keihin, Magneti Marelli, Methode Electronics, Mitsubishi Electric, and Sensata Technologies.
Commenting on the report, an analyst from Research team said: “One trend in the market is growing popularity of flip-chip for ETC application. A flip-chip, which is also known as a controlled collapse chip connection (C4), is a method for interconnecting semiconductor devices, such as IC chips and MEMS, to external circuitry with solder bumps that have been deposited onto the chip pads. For mounting onto the external circuit boards or other chips/wafers, the chip is flipped over so that its top side faces downward, and aligned so that its pads align with matching pads on the external circuit, and then the solder is reflowed to complete the interconnection. Owing to this side-flipping process, it is also known as flip-chip.”
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According to the report, one driver in the market is growing popularity of CIPOS. TPS is the crucial component in the engine management system of modern vehicles. Hence, it is standard fitment in most of the vehicles manufactured after 1996. Additionally, the contactless inductive position sensor (CIPOS) by HELLA is gaining popularity in the global automotive market and leading to increased revenue for TPS suppliers. The CIPOS technology offers precision and easy-to-use position sensor, and a 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 the mechanical misalignment.
Further, the report states that one challenge in the market is high maintenance cost associated with TPS. TPS is the standard fitment in modern vehicles and has to be replaced once a failure occurs. Although most skilled mechanics can replace TPS, the cost associated with the replacement is the issue for most of the customers, particularly price-sensitive customers in emerging markets. For instance, aftermarket price of TPS ranges from $50 to $200, and emerging markets are flooded with cheap sensors ranging as low as $10. However, the price of the sensor is not alone the issue for customers, its fitment cost (labor cost) ranges between $50 and $75. Hence, the total cost of the replacement of TPS from aftermarket goes above $100 when high-quality sensors are used and can go above $60 in case of the fitment of cheap sensors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;
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