Market Overview
The global position sensors market is anticipated to surpass a valuation of USD 6 billion, attaining a CAGR of 8% during the forecast period (2016-2022), Market Research Future (MRFR) reveals in a detailed report. Position sensors are referred to as the sensors which are highly used to measure the distance traveled from its set location. High adoption of position sensors in the aerospace and aviation industries are likely to fuel the market growth globally.
Market Potential and Pitfalls
The Position Sensor Industry is expected to experience a sturdy growth, mainly due to the surging adoption of latest technologies like integrated control system for consumer electronics. The surging demand for plant automation, rising investments by manufacturers, and the rising adoption of sensors across industries are some of the crucial factors for the growth of the market. Position sensors are highly used in aircraft manufacturing, which further encourages the market growth across the globe. Moreover, the growing adoption of wearable medical devices, coupled with the need for high-performance sensors are likely to propel the market growth across the globe.
On the contrary, high cost and the need for multiple technology solutions are some of the major concerns likely to dampen the growth of the Position Sensor Industry in the foreseeable future.
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Key Players
Position Sensor Market key players include- Honeywell International, Inc. (US), Ams AG (Germany), MTS Systems Corporation (US), Renishaw plc. (UK), TE Connectivity Ltd. (Switzerland), Vishay Intertechnology, Inc. (US), Allegro MicroSystems, LLC (US), Panasonic Corporation (Japan), Infineon Technologies AG (Germany), STMicroelectronics N.V. (Switzerland), Qualcomm Technologies, Inc. (US), among others.
Global Position Sensor Market - Segmentation
The position sensor market is segmented on the basis of contact type, output, type, and industries.
- By contact type, the position sensor market is segmented into contact and non-contact. Among these, non-contact position sensor is likely to expect healthy growth. Thus, these position sensors fulfill the requirements of complicated systems.
- By type, the position sensor market is segmented into linear position sensor and rotary position sensor. Of these, linear position sensor is likely to gain significant share due to its surging demand in several applications and equipment, like machine tools, automated machinery, measuring and test equipment, motion systems, and robotics.
- By output, the position sensor market is segmented into analog and digital. Among these, digital output is likely to gain prominence as discrete signals are less prone to potential interference and lead to reliable measurement values and higher quality output.
- By industry, the market is segmented into consumer electronics, aerospace, healthcare, manufacturing, automotive, packaging, and others. Among these, the automotive industry is likely to gain prominence due to the increased adoption of position sensors to gather critical information in the form of output signals to the engine control module, which is deployed in the vehicle to perform actions.
Global Position Sensor Market - Regional Analysis
Geographically, the position sensor market spans across Europe, North America, Asia Pacific, and Rest of the World (RoW).
Considering the global scenario, Europe acquired the largest market share due to the presence of strict law emissions in European countries. The increased production of automobile and surging use of rotary and linear position sensors is likely to contribute to the regional market’s growth.
The Asia Pacific is likely to witness a healthy growth in the foreseeable future owing to the increased adoption of latest technologies, rising focus towards the automotive industry, and surging demand for consumer electronics. The presence of a huge population base, growth in the electronics and manufacturing sectors, and growing investments in R&D are likely to influence the market growth in the region. In this region, highly efficient and cost-effective position sensors have experienced a surging demand from the electronics, automotive, healthcare, medical, and packaging industries, which is predicted to boost the growth of the market.
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TABLE Of CONTENTS:
LIST OF TABLES
Table 1 Global Position Sensor Market, By Contact Type
Table 2 Global Position Sensor Market, By Output
Table 3 Global Position Sensor Market, By Type
Table 4 Global Position Sensor Market, By Industry
Table 5 Global Position Sensor Market, By Geography
Table 6 North America Position Sensor Market, By Contact Type
Table 7 North America Position Sensor Market, By Output
Table 8 North America Position Sensor Market, By Type
Table 9 North America Position Sensor Market, By Industry
Table 10 U.S Position Sensor Market, By Contact Type
Table 11 U.S. Position Sensor market, By Output
Table 12 U.S Position Sensor market, By Type
Table 13 U.S. Position Sensor market, By Industry
Table 14 Canada Position Sensor Market, By Contact Type
Table 15 Canada Position Sensor Market, By Output
Table 16 Canada Position Sensor Market, By Type
Continued…
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Market OverviewThe global market for position sensor exhibits the potential to attain a valuation of roughly USD 6 billion by 2022, says Market Research Future (MRFR).
The market can also obtain a growth rate of 8% from 2016 to 2022, which is the forecast period.Market Boosters and Key BarriersA number of consumer electronic devices like smartphones and tablets make use of integrated control systems, and this use is only going to increase in the coming years.
This technology has given way to the advancement in efficient and smaller chipsets as well as modules with extra functions.Advancing needs to implement high-speed precision control along with measurement of machines in manufacturing operations can also offer the market several growth avenues in the future.
The focus on expanding the active vehicle safety to develop advanced driver assistance system is also believed to be working in favor of the market.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/2774Key PlayersPosition Sensor Market key players include- Honeywell International, Inc. (US), Ams AG (Germany), MTS Systems Corporation (US), Renishaw plc.
(UK), TE Connectivity Ltd. (Switzerland), Vishay Intertechnology, Inc. (US), Allegro MicroSystems, LLC (US), Panasonic Corporation (Japan), Infineon Technologies AG (Germany), STMicroelectronics N.V. (Switzerland), Qualcomm Technologies, Inc. (US), among others.Global Position Sensor Market - SegmentationThe worldwide market for position sensor has been segmented with respect to contact type, type, output and industry.In terms of contact type, the market can be split into contact and no-contact.Type-based segments mentioned in the report are linear position sensor and rotary position sensor.Output-wise, the market can be segregated into analog and digital.The industries that utilize position sensors include consumer electronics, automotive, healthcare, manufacturing, packaging, aerospace, and others.Global Position Sensor Market - Regional AnalysisAsia Pacific (APAC), Europe, North America along with the rest of the world (RoW) are the primary regions with the highest concentration of the position sensor market.Europe has managed to attain the top position with the largest share in the global position sensor market.
The regional market also benefits from the rigid laws that help elevate the use of linear position sensors in various countries across the region.However, it is the APAC market for position sensor that can gain the highest growth rate from 2016 to 2022.
