North America 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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The North America Position Sensor Market would witness market growth of 8.1% CAGR during the forecast period (2019-2025).
The market is witnessing a steady growth pace in this region due to extensive participation of developed and developing economies. For example, In North America, the United States is expected to be the largest and fastest-growing market owing to the great demand coming from the consumer electronics and automotive sectors, which have been employing 3D sensors for multiple applications in their domains. Players across the region are competing to enhance their ability to deliver new and advanced products in the market.
The healthcare industry requires highly reliable Position Sensor that provide accurate information to ensure patient safety. Sensors can increase the intelligence of medical equipment, such as life-supporting implants, and can enable bedside and remote monitoring of vital signs and other health factors. Aging and expanding population are accelerating the development of new and different types of medical equipment, including various sensors used inside both equipment and patients' bodies. Healthcare organizations want real-time, reliable, and accurate diagnostic results provided by devices that can be monitored remotely, whether the patient is in a hospital, clinic, or at home.
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 U.S., Mexico, Canada, and Rest of North America.
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
- Rest of North America
- 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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