Automotive Throttle Position Sensor (TPS) Market
Automotive Throttle Position Sensor (TPS) Market
Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Automotive Throttle Position Sensor (TPS) Market Size and Growth
The Automotive Throttle Position Sensor (TPS) market is witnessing steady growth, driven by increasing vehicle production and the rising demand for advanced engine management systems. The global market size is projected to reach approximately $2 billion by 2025, reflecting a CAGR of around 6% from 2023 to 2025, amidst evolving automotive technologies.
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Companies Covered
(Covid 19 Impact Covered)
◍ Bosch
◍ Continental
◍ Delphi
◍ DENSO
◍ HELLA
◍ CTS
◍ Infineon Technologies
◍ Keihin
◍ Magneti Marelli
◍ Methode Electronics
◍ Mitsubishi Electric
◍ Sensata Technologies
The Automotive Throttle Position Sensor (TPS) market features key players like Bosch, Continental, and DENSO, driving innovation and efficiency. These companies enhance TPS technology, contributing to vehicle performance and emissions control. For instance, Bosch reported sales of approximately $88 billion in 2022, reflecting strong automotive sector growth.
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