Global 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 Global Position Sensor Market size is expected to reach $8 billion by 2025, rising at a market growth of 8.6% CAGR during the forecast period.
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.
Global Position Sensor Market Size
The Position Sensor market is one of the outstandingly increasing markets due to increasing investment in manufacturing infrastructure, integration of Position Sensor in modern automobiles, and growing adoption of Position Sensor in the aerospace industry. Position Sensor are used to measure the movement of a body from its reference or initial position. They measure the linear or angular position about a fixed point or arbitrary reference. Automation taking place in manufacturing and industrial units and it is one of the major drivers of the Position Sensor market. Position Sensor are used in an extensive variety of industrial and commercial applications, from Aerospace, Manufacturing, and ICT.
Global Position Sensor Market Share
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 Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
KBV Cardinal Matrix
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. The major strategies followed by the market participants are Product launches and Partnerships & Collaborations. Based on the Analysis presented in the Cardinal matrix, Honeywell International, Inc., Denso Corporation and Continental AG are some of the forerunners in the Position Sensor market.
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
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
- 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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