Asia Pacific Position Sensor Market By Type (Rotary and Linear) By Application (Machine Tools, Test Equipment, Motion Systems, Material Handling, Robotics and Others) By Contact Type (Non-Contact Type and Contact Type) By Output (Digital and Analog) By End User (Manufacturing, Automotive, Aerospace, Packaging, Healthcare, Consumer Electronics and Others)
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Market Report Description
The Asia Pacific Position Sensor Market would witness market growth of 9.7% CAGR during the forecast period (2019-2025).
The basic principles of Position Sensor operation have transformed over the years. The market for these sensors is driven by smaller form factor, less power consumption, higher feature integration, and low cost. Currently, significant investments in R&D by key players have helped to develop smart and intelligent sensor systems for different novel applications in automotive, aerospace & defense, electronics, and healthcare. For instance, Balluff announced to launch Micropulse hazardous area linear Position Sensor, which offers new features such as non-contact, wear-free, magnetostriction technology for long-term reliability, and better performance.
The industry is anticipated to witness growth owing to ongoing technological innovations in optical Position Sensor. This technology is leading to the development of smaller and efficient chipsets and modules with added functions. Escalating needs for implementation of high-speed precision control and measurement of the machines in manufacturing operations are expected to provide new growth avenues. The expansion of active vehicle safety to create an advanced driver assistance system is estimated to augment industry growth.
Based on Type, the market is segmented into Rotary and Linear. Based on Application, the market is segmented into Machine Tools, Test Equipment, Motion Systems, Material Handling, Robotics and Others. Based on Contact Type, the market is segmented into Non-Contact Type and Contact Type. Based on Output, the market is segmented into Digital and Analog. Based on End User, the market is segmented into Manufacturing, Automotive, Aerospace, Packaging, Healthcare, Consumer Electronics and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sick AG, Balluff GmbH, Honeywell International, Inc., NXP Semiconductors N.V., STMicroelectronics N.V., Denso Corporation, Emerson Electric Co., Continental AG, ZF Friedrichshafen AG and Infineon Technologies AG.
Scope of the Position Sensor Market Analysis
- Machine Tools
- Test Equipment
- Motion Systems
- Material Handling
By Contact Type
- Non-Contact Type
- Contact Type
By End User
- Consumer Electronics
- South Korea
- Rest of Asia Pacific
- Sick AG
- Balluff GmbH
- Honeywell International, Inc.
- NXP Semiconductors N.V.
- STMicroelectronics N.V.
- Denso Corporation
- Emerson Electric Co.
- Continental AG
- ZF Friedrichshafen AG
- Infineon Technologies AG
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