Global Crankshaft Sensor Market Forecasts to 2030
According to Stratistics MRC, the Global Crankshaft Sensor Market is accounted for $2.9 billion in 2023 and is expected to reach $5.1 billion by 2030 growing at a CAGR of 8.4% during the forecast period. A crankshaft sensor is an automotive sensor that monitors the rotational speed and position of the crankshaft in an internal combustion engine. It detects the crankshaft's revolutions per minute (RPM) and provides crucial data to the engine control unit (ECU). This information aids in optimizing ignition timing, fuel injection and other engine functions. The crankshaft sensor is vital for engine performance, fuel efficiency and emission control in modern vehicles.
This report analyzes the Crankshaft Sensor Market from 2022 to 2030. It uses a combination of detailed sales and revenue data with insights from industry experts. The report goes beyond just market size and growth rate. It also dives into different market segments, such as region, type, application, etc. This provides a comprehensive picture of how the market breaks down across various categories.
As COVID-19 has reshaped the world economy, our team has been keeping a careful eye on its effects on the market. Beyond the pandemic, we take into account other important variables such as the general state of the economy, local conflicts, and news and regulations unique to the industry. This guarantees a comprehensive perspective on the market.
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Market Dynamics:
Driver:
Increasing demand for fuel efficiency and emission reduction
The rising demand for fuel efficiency and emission reduction is a key driver in the crankshaft sensor market. As automotive regulations become more stringent, the need for precise engine control systems intensifies. Crankshaft sensors play a crucial role in monitoring engine speed and position, optimizing combustion and enhancing fuel efficiency. Manufacturers are thus investing in advanced sensor technologies to meet environmental standards, driving the market's growth as the automotive industry strives for cleaner and more efficient vehicles.
Restraint:
Fluctuations in raw material prices
The key components of crankshaft sensors are sensitive to material costs. Price volatility can disrupt manufacturing processes and increase production expenses. Manufacturers may face challenges in maintaining profit margins and competitive pricing. Additionally, uncertainty in raw material costs can hinder long-term strategic planning, impacting investment decisions and overall market stability.
Opportunity:
Growing popularity of hybrid and electric vehicles
The growing popularity of hybrid and electric vehicles presents a significant opportunity in the crankshaft sensor market. As these vehicles become increasingly prevalent, the demand for advanced sensor technologies, including crankshaft sensors, rises. Crankshaft sensors play a crucial role in monitoring engine performance, enhancing efficiency, and enabling optimal functioning of hybrid and electric powertrains. This expanding market signifies a key growth avenue for sensor manufacturers, creating opportunities for innovation and development in response to the evolving automotive landscape.
Threat:
Increasing competition from low-cost manufacturers
The crankshaft sensor market faces a significant threat from increasing competition among low-cost manufacturers. As these competitors enter the market with cost-effective solutions, established manufacturers may experience pricing pressure and reduced profit margins. The influx of lower-priced alternatives can compromise the perceived value of existing products, leading to a potential loss of market share for established players, which limits market growth.
Covid-19 Impact:
The COVID-19 pandemic has significantly impacted the crankshaft sensor market by disrupting global supply chains, causing production delays, and affecting consumer demand. This has resulted in a reduced demand for crankshaft sensors, affecting the market's growth. However, companies are adapting strategies to navigate these challenges, emphasizing resilience, digital solutions and strategic partnerships to mitigate the pandemic's adverse effects on the crankshaft sensor market.
The OEM (Original Equipment Manufacturer) segment is expected to be the largest during the forecast period
The OEM (Original Equipment Manufacturer) segment is anticipated to dominate during the forecast period in the crankshaft sensor market due to its direct association with automotive and machinery production. As OEMs are integral to the initial manufacturing of vehicles and equipment, the demand for crankshaft sensors is inherently linked to their production volumes. The growth in automotive manufacturing, coupled with the increasing integration of advanced sensor technologies in new vehicles, is expected to drive segment growth.
The digital segment is expected to have the highest CAGR during the forecast period
The digital segment is projected to experience a significant growth rate during the forecast period in the crankshaft sensor market. This growth is attributed to the increasing adoption of digital sensor technologies, which offer enhanced precision, reliability and performance compared to their traditional analog counterparts. Furthermore, the automotive industry's shift towards more sophisticated engine management systems and the demand for higher efficiency and accuracy in sensing applications contribute to the anticipated rapid growth of the segment.
Region with largest share:
The Asia-Pacific region is poised to secure the largest market share in the crankshaft sensor market due to robust industrialization, rapid economic growth and a thriving automotive sector. Countries like China and India are witnessing substantial demand for automobiles, driving the need for advanced engine management systems. Additionally, increasing awareness of fuel efficiency and environmental regulations contributes to the adoption of crankshaft sensors in the region, positioning Asia-Pacific as a key player in the global crankshaft sensor market.
Region with highest CAGR:
The Europe region is poised for rapid growth in the crankshaft sensor market due to stringent emission regulations and the automotive industry's inclination towards adopting advanced technologies. As European countries prioritize environmental concerns and fuel efficiency, the demand for sophisticated engine management systems, is on the rise. Additionally, the region's focus on electric and hybrid vehicles further propels the demand for precise sensing technologies, contributing to the anticipated growth in the crankshaft sensor market in Europe.
Key Developments:
In November 2023, Molex has built a new medical device campus in Poland in a $110m project that adds high power busbar and battery interconnect for its electrification business. The new Molex facility Katowice, Poland, has an initial 23,000 square-meter manufacturing space for advanced medical devices for Phillips-Medisize as well as electric vehicle and electrification interconnect for Molex customers. The site will have advanced medical device assembly, packaging and injection molding and also manufacture interconnect battery solutions for electric vehicles and high-power busbar solutions for Molex’s electrification business.
In May 2022, Taoglas has signed a partnership agreement with Dejerao. The company will help Dejerao’s customers by providing best-in-class RF antennas for cellular bonding devices used in mobile applications.
In March 2022, Amphenol Corporation has expanded its SURLOK Plus Series to include 8 mm and 10.3 mm right-angle connectors, with a voltage range of 1500 VDC to meet energy storage and high-power connection and transfer requirements.
Leading Industry Players in the Crankshaft Sensor Market Worldwide:
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Global Crankshaft Sensor Market Segmentation
The Crankshaft Sensor Market segmentation encompasses various dimensions, including type, technology, sales channel, application, region, and competitors. By type, the market includes various categories, each designed to meet specific functional requirements. Technological advancements drive the market, enhancing sensor accuracy, durability, and integration capabilities in vehicles. The market is distributed through multiple sales channels, ensuring wide accessibility and availability. Crankshaft sensors are utilized across various automotive applications, highlighting their essential role and broad utility. Geographically, the market is segmented into major regions such as North America, Europe, Asia Pacific, South America, the Middle East and Africa, each exhibiting different market dynamics and growth opportunities. Competitor analysis reveals the competitive landscape, with major players developing new products, strategic partnerships, mergers and acquisitions, and competing for market share. Additional segmentation factors provide a comprehensive understanding of the Crankshaft Sensor Market's structure and potential.
Geographic Regions Covered:
North America: United States, Canada, and Mexico.
Europe: Germany, United Kingdom, Italy, France, Spain, and Rest of Europe.
Asia Pacific: Japan, China, India, Australia, New Zealand, South Korea, and Rest of Asia Pacific.
South America: Argentina, Brazil, Chile, and Rest of South America.
Middle East & Africa: Saudi Arabia, United Arab Emirates, Qatar, South Africa, and Rest of Middle East & Africa.
Key Questions Answered in This Report:
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Table of Contents (TOC) for the Global Crankshaft Sensor Market Research Report (2024-2030)
1 Executive Summary ? ??? ? ??
2 Preface ? ???
2.1 Abstract ? ??
2.2 Stake Holders ? ??
2.3 Research Scope ? ??
2.4 Research Methodology ? ??
2.4.1 Data Mining ???
2.4.2 Data Analysis ???
2.4.3 Data Validation ???
2.4.4 Research Approach ???
2.5 Research Sources ? ??
2.5.1 Primary Research Sources ???
2.5.2 Secondary Research Sources ???
2.5.3 Assumptions ??? ?
3 Market Trend Analysis?????
?3.1 Introduction????
?3.2 Drivers????
?3.3 Restraints????
?3.4 Opportunities????
?3.5 Threats????
?3.6 Technology Analysis????
?3.7 Application Analysis????
?3.8 Impact of Covid-19???? ?????
4 Porters Five Force Analysis?????
?4.1 Bargaining power of suppliers????
?4.2 Bargaining power of buyers????
?4.3 Threat of substitutes????
?4.4 Threat of new entrants????
?4.5 Competitive rivalry???? ???????
5 Global Crankshaft Sensor Market, By Type?????
?5.1 Introduction????
?5.2 Magnetic????
?5.3 Hall Effect????
?5.4 Optical????
?5.5 Piezoelectric????
?5.6 Other Types???? ???????
6 Global Crankshaft Sensor Market, By Technology?????
?6.1 Introduction????
?6.2 Analog?????
?6.3 Digital???? ?????
7 Global Crankshaft Sensor Market, By Sales Channel?????
?7.1 Introduction????
?7.2 OEM (Original Equipment Manufacturer)????
?7.3 Aftermarket????
8 Global Crankshaft Sensor Market, By Application?????
?8.1 Introduction????
?8.2 Internal Combustion Engines????
? 8.2.1 Diesel Engines???
? 8.2.2 Gasoline Engines???
?8.3 Hybrid and Electric Vehicles????
?8.4 Off-Highway Vehicles????
?8.5 Marine Engines????
?8.6 Industrial Machinery????
?8.7 Other Applications????
Continued…
List of Tables ? ? ?
1 Global Crankshaft Sensor Market Outlook, By Region (2021-2030) ($MN)?????
2 Global Crankshaft Sensor Market Outlook, By Type (2021-2030) ($MN)?????
3 Global Crankshaft Sensor Market Outlook, By Magnetic (2021-2030) ($MN)?????
4 Global Crankshaft Sensor Market Outlook, By Hall Effect (2021-2030) ($MN)?????
5 Global Crankshaft Sensor Market Outlook, By Optical (2021-2030) ($MN)?????
6 Global Crankshaft Sensor Market Outlook, By Piezoelectric (2021-2030) ($MN)?????
7 Global Crankshaft Sensor Market Outlook, By Other Types (2021-2030) ($MN)?????
8 Global Crankshaft Sensor Market Outlook, By Technology (2021-2030) ($MN)?????
9 Global Crankshaft Sensor Market Outlook, By Analog (2021-2030) ($MN)?????
10 Global Crankshaft Sensor Market Outlook, By Digital (2021-2030) ($MN)?????
11 Global Crankshaft Sensor Market Outlook, By Sales Channel (2021-2030) ($MN)?????
12 Global Crankshaft Sensor Market Outlook, By OEM (Original Equipment Manufacturer) (2021-2030) ($MN)?????
13 Global Crankshaft Sensor Market Outlook, By Aftermarket (2021-2030) ($MN)?????
14 Global Crankshaft Sensor Market Outlook, By Application (2021-2030) ($MN)?????
15 Global Crankshaft Sensor Market Outlook, By Internal Combustion Engines (2021-2030) ($MN)?????
16 Global Crankshaft Sensor Market Outlook, By Diesel Engines (2021-2030) ($MN)?????
17 Global Crankshaft Sensor Market Outlook, By Gasoline Engines (2021-2030) ($MN)?????
18 Global Crankshaft Sensor Market Outlook, By Hybrid and Electric Vehicles (2021-2030) ($MN)?????
19 Global Crankshaft Sensor Market Outlook, By Off-Highway Vehicles (2021-2030) ($MN) ?????
20 Global Crankshaft Sensor Market Outlook, By Marine Engines (2021-2030) ($MN)?????
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21 Global Crankshaft Sensor Market Outlook, By Industrial Machinery (2021-2030) ($MN)?????
22 Global Crankshaft Sensor Market Outlook, By Other Applications (2021-2030) ($MN)?????
23 North America Crankshaft Sensor Market Outlook, By Country (2021-2030) ($MN)?????
24 North America Crankshaft Sensor Market Outlook, By Type (2021-2030) ($MN)?????
25 North America Crankshaft Sensor Market Outlook, By Magnetic (2021-2030) ($MN)?????
26 North America Crankshaft Sensor Market Outlook, By Hall Effect (2021-2030) ($MN)?????
27 North America Crankshaft Sensor Market Outlook, By Optical (2021-2030) ($MN)?????
28 North America Crankshaft Sensor Market Outlook, By Piezoelectric (2021-2030) ($MN)?????
29 North America Crankshaft Sensor Market Outlook, By Other Types (2021-2030) ($MN)?????
30 North America Crankshaft Sensor Market Outlook, By Technology (2021-2030) ($MN)?????
31 North America Crankshaft Sensor Market Outlook, By Analog (2021-2030) ($MN)?????
32 North America Crankshaft Sensor Market Outlook, By Digital (2021-2030) ($MN)??
33 North America Crankshaft Sensor Market Outlook, By Sales Channel (2021-2030) ($MN)?? ???
34 North America Crankshaft Sensor Market Outlook, By OEM (Original Equipment Manufacturer) (2021-2030) ($MN)?????
35 North America Crankshaft Sensor Market Outlook, By Aftermarket (2021-2030) ($MN)????????
36 North America Crankshaft Sensor Market Outlook, By Application (2021-2030) ($MN)?????
37 North America Crankshaft Sensor Market Outlook, By Internal Combustion Engines (2021-2030) (MN)?????
38 North America Crankshaft Sensor Market Outlook, By Diesel Engines (2021-2030) ($MN)?????
39 North America Crankshaft Sensor Market Outlook, By Gasoline Engines (2021-2030) ($MN)?????
40 North America Crankshaft Sensor Market Outlook, By Hybrid and Electric Vehicles (2021-2030) ($MN)?????
41 North America Crankshaft Sensor Market Outlook, By Off-Highway Vehicles (2021-2030) ($MN)?????
42 North America Crankshaft Sensor Market Outlook, By Marine Engines (2021-2030) ($MN)?????
43 North America Crankshaft Sensor Market Outlook, By Industrial Machinery (2021-2030) ($MN)?????
44 North America Crankshaft Sensor Market Outlook, By Other Applications (2021-2030) ($MN)?????
45 Europe Crankshaft Sensor Market Outlook, By Country (2021-2030) ($MN)?????
46 Europe Crankshaft Sensor Market Outlook, By Type (2021-2030) ($MN)?????
47 Europe Crankshaft Sensor Market Outlook, By Magnetic (2021-2030) ($MN)?????
48 Europe Crankshaft Sensor Market Outlook, By Hall Effect (2021-2030) ($MN)?????
49 Europe Crankshaft Sensor Market Outlook, By Optical (2021-2030) ($MN)?????
50 Europe Crankshaft Sensor Market Outlook, By Piezoelectric (2021-2030) ($MN)?????
51 Europe Crankshaft Sensor Market Outlook, By Other Types (2021-2030) ($MN)?????
52 Europe Crankshaft Sensor Market Outlook, By Technology (2021-2030) ($MN)?????
53 Europe Crankshaft Sensor Market Outlook, By Analog (2021-2030) ($MN)?????
54 Europe Crankshaft Sensor Market Outlook, By Digital (2021-2030) ($MN)?????
55 Europe Crankshaft Sensor Market Outlook, By Sales Channel (2021-2030) ($MN)?????
56 Europe Crankshaft Sensor Market Outlook, By OEM (Original Equipment Manufacturer) (2021-2030) ($MN)?????
57 Europe Crankshaft Sensor Market Outlook, By Aftermarket (2021-2030) ($MN)?????
58 Europe Crankshaft Sensor Market Outlook, By Application (2021-2030) ($MN)?????
59 Europe Crankshaft Sensor Market Outlook, By Internal Combustion Engines (2021-2030) ($MN)?????
60 Europe Crankshaft Sensor Market Outlook, By Diesel Engines (2021-2030) ($MN)?????
61 Europe Crankshaft Sensor Market Outlook, By Gasoline Engines (2021-2030) ($MN)?????
62 Europe Crankshaft Sensor Market Outlook, By Hybrid and Electric Vehicles (2021-2030) ($MN)?????
63 Europe Crankshaft Sensor Market Outlook, By Off-Highway Vehicles (2021-2030) ($MN)?????
64 Europe Crankshaft Sensor Market Outlook, By Marine Engines (2021-2030) ($MN)?????
65 Europe Crankshaft Sensor Market Outlook, By Industrial Machinery (2021-2030) ($MN)?????
66 Europe Crankshaft Sensor Market Outlook, By Other Applications (2021-2030) ($MN)?????
67 Asia Pacific Crankshaft Sensor Market Outlook, By Country (2021-2030) ($MN)?????
68 Asia Pacific Crankshaft Sensor Market Outlook, By Type (2021-2030) ($MN)?????
69 Asia Pacific Crankshaft Sensor Market Outlook, By Magnetic (2021-2030) ($MN)?????
70 Asia Pacific Crankshaft Sensor Market Outlook, By Hall Effect (2021-2030) ($MN)?????
71 Asia Pacific Crankshaft Sensor Market Outlook, By Optical (2021-2030) ($MN)?????
72 Asia Pacific Crankshaft Sensor Market Outlook, By Piezoelectric (2021-2030) ($MN)?????
73 Asia Pacific Crankshaft Sensor Market Outlook, By Other Types (2021-2030) ($MN)?????
74 Asia Pacific Crankshaft Sensor Market Outlook, By Technology (2021-2030) ($MN)?????
75 Asia Pacific Crankshaft Sensor Market Outlook, By Analog (2021-2030) ($MN)?????
76 Asia Pacific Crankshaft Sensor Market Outlook, By Digital (2021-2030) ($MN)?????
77 Asia Pacific Crankshaft Sensor Market Outlook, By Sales Channel (2021-2030) ($MN)?????
78 Asia Pacific Crankshaft Sensor Market Outlook, By OEM (Original Equipment Manufacturer) (2021-2030) ($MN)?????
79 Asia Pacific Crankshaft Sensor Market Outlook, By Aftermarket (2021-2030) ($MN)?????
80 Asia Pacific Crankshaft Sensor Market Outlook, By Application (2021-2030) ($MN)?????
81 Asia Pacific Crankshaft Sensor Market Outlook, By Internal Combustion Engines (2021-2030) ($MN)?????
82 Asia Pacific Crankshaft Sensor Market Outlook, By Diesel Engines (2021-2030) ($MN)?????
83 Asia Pacific Crankshaft Sensor Market Outlook, By Gasoline Engines (2021-2030) ($MN)?????
84 Asia Pacific Crankshaft Sensor Market Outlook, By Hybrid and Electric Vehicles (2021-2030) ($MN)?????
85 Asia Pacific Crankshaft Sensor Market Outlook, By Off-Highway Vehicles (2021-2030) ($MN)?????
86 Asia Pacific Crankshaft Sensor Market Outlook, By Marine Engines (2021-2030) ($MN)?????
87 Asia Pacific Crankshaft Sensor Market Outlook, By Industrial Machinery (2021-2030) ($MN)?????
88 Asia Pacific Crankshaft Sensor Market Outlook, By Other Applications (2021-2030) ($MN)?????
89 South America Crankshaft Sensor Market Outlook, By Country (2021-2030) ($MN)?????
90 South America Crankshaft Sensor Market Outlook, By Type (2021-2030) ($MN)?????
91 South America Crankshaft Sensor Market Outlook, By Magnetic (2021-2030) ($MN)?????
92 South America Crankshaft Sensor Market Outlook, By Hall Effect (2021-2030) ($MN)?????
93 South America Crankshaft Sensor Market Outlook, By Optical (2021-2030) ($MN)?????
94 South America Crankshaft Sensor Market Outlook, By Piezoelectric (2021-2030) ($MN)?????
95 South America Crankshaft Sensor Market Outlook, By Other Types (2021-2030) ($MN)?????
96 South America Crankshaft Sensor Market Outlook, By Technology (2021-2030) ($MN)?????
97 South America Crankshaft Sensor Market Outlook, By Analog (2021-2030) ($MN)?????
98 South America Crankshaft Sensor Market Outlook, By Digital (2021-2030) ($MN)?????
99 South America Crankshaft Sensor Market Outlook, By Sales Channel (2021-2030) ($MN)?????
100 South America Crankshaft Sensor Market Outlook, By OEM (Original Equipment Manufacturer) (2021-2030) ($MN)?????
101 South America Crankshaft Sensor Market Outlook, By Aftermarket (2021-2030) ($MN)?????
102 South America Crankshaft Sensor Market Outlook, By Application (2021-2030) ($MN)?????
103 South America Crankshaft Sensor Market Outlook, By Internal Combustion Engines (2021-2030) ($MN)?????
104 South America Crankshaft Sensor Market Outlook, By Diesel Engines (2021-2030) ($MN)?????
105 South America Crankshaft Sensor Market Outlook, By Gasoline Engines (2021-2030) ($MN)?????
106 South America Crankshaft Sensor Market Outlook, By Hybrid and Electric Vehicles (2021-2030) ($MN)?????
107 South America Crankshaft Sensor Market Outlook, By Off-Highway Vehicles (2021-2030) ($MN)?????
108 South America Crankshaft Sensor Market Outlook, By Marine Engines (2021-2030) ($MN)?????
109 South America Crankshaft Sensor Market Outlook, By Industrial Machinery (2021-2030) ($MN)?????
110 South America Crankshaft Sensor Market Outlook, By Other Applications (2021-2030) ($MN)?????
111 Middle East & Africa Crankshaft Sensor Market Outlook, By Country (2021-2030) ($MN)?????
112 Middle East & Africa Crankshaft Sensor Market Outlook, By Type (2021-2030) ($MN)?????
113 Middle East & Africa Crankshaft Sensor Market Outlook, By Magnetic (2021-2030) ($MN)?????
114 Middle East & Africa Crankshaft Sensor Market Outlook, By Hall Effect (2021-2030) ($MN)?????
115 Middle East & Africa Crankshaft Sensor Market Outlook, By Optical (2021-2030) ($MN)?????
116 Middle East & Africa Crankshaft Sensor Market Outlook, By Piezoelectric (2021-2030) ($MN)?????
117 Middle East & Africa Crankshaft Sensor Market Outlook, By Other Types (2021-2030) ($MN)?????
118 Middle East & Africa Crankshaft Sensor Market Outlook, By Technology (2021-2030) ($MN)?????
119 Middle East & Africa Crankshaft Sensor Market Outlook, By Analog (2021-2030) ($MN)?????
120 Middle East & Africa Crankshaft Sensor Market Outlook, By Digital (2021-2030) ($MN)?????
121 Middle East & Africa Crankshaft Sensor Market Outlook, By Sales Channel (2021-2030) ($MN)?????
122 Middle East & Africa Crankshaft Sensor Market Outlook, By OEM (Original Equipment Manufacturer) (2021-2030) ($MN)?????
123 Middle East & Africa Crankshaft Sensor Market Outlook, By Aftermarket (2021-2030) ($MN)?????
124 Middle East & Africa Crankshaft Sensor Market Outlook, By Application (2021-2030) ($MN)?????
125 Middle East & Africa Crankshaft Sensor Market Outlook, By Internal Combustion Engines (2021-2030) ($MN)?????
126 Middle East & Africa Crankshaft Sensor Market Outlook, By Diesel Engines (2021-2030) ($MN)?????
127 Middle East & Africa Crankshaft Sensor Market Outlook, By Gasoline Engines (2021-2030) ($MN)?????
128 Middle East & Africa Crankshaft Sensor Market Outlook, By Hybrid and Electric Vehicles (2021-2030) ($MN)?????
129 Middle East & Africa Crankshaft Sensor Market Outlook, By Off-Highway Vehicles (2021-2030) ($MN)?????
130 Middle East & Africa Crankshaft Sensor Market Outlook, By Marine Engines (2021-2030) ($MN)?????
131 Middle East & Africa Crankshaft Sensor Market Outlook, By Industrial Machinery (2021-2030) ($MN)?????
132 Middle East & Africa Crankshaft Sensor Market Outlook, By Other Applications (2021-2030) ($MN)????? ???????????????????????????????????
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