Global Position Sensors Market Size is estimated to expand rapidly in coming years, at a CAGR of 11.6 % from 2018 to 2025. In 2017, the global market valuation was USD 6.8 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. A position-sensor is a position-measurement tool, used to automate, measure or track procedures with displacement, range, place or length measuring. Either an actual or comparative location detector (acceleration measurement) can be used. They are often used in joysticks, CD / DVD disks, driving gears, manufacturing, and robotics, among many others. They are very popular. The changing trend in handling devices automation in sectors leads to strong supply for location detectors. In a broad range of automotive and manufacturing implementations, position sensors can also be applied, including steering wheel location detection, float level control, and gearbox transmission encoder. 

Increasing embedded monitoring systems are anticipated to give a profitable development possibility during the predicted era for consumer electronic devices like smartphone and tablet. In the system sectors, the evolving tendency towards factory technology generates a strong requirement for location detectors. The use of linear and rotary position detectors is encouraged by stringent emissions legislation in different European nations. These devices perform a key position in maintaining adherence with slated emission drivers by vehicles. Regionally, Asia Pacific region is expected to dominate the global position sensor market and will maintain its dominance over the forecast period.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global position sensors market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global position sensors market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Technology Insights: On the basis of technology, global position sensors market has been segmented into photoelectric, linear, proximity, rotary, and others. Among which proximity segment has established largest share in the global market of position sensors. The most rapidly increasing section over the prediction period will be photoelectric devices. Increased requirement for sensor-based information and data-based production from manufacturing equipment is anticipated to increase photoelectric devices requirement. Due to the wider use of nearby detectors in smartphones to identify random touch panel tapping, linear and proximity sensors are anticipated to be a successful category over the prediction timespan. Furthermore, closeness sensors have become significant technology data procurement instruments in order to supply information to processors in the manner of single system factors.

By Application Insights: On the basis of application, global position sensors market has been segmented into automotive, military & aerospace, electronics & semiconductors, packaging, and others. Over the forecast period, it is anticipated that automotive and electronics & semiconductors will become successful applications. Increasing position sensing needs are expected to drive the car application demand for steering wheel position, throttle control, automated gear selection, and stability management. The advanced aerospace industry invites for highly complex products with highly large electronic parts and the highest safety standards. This has led to the requirement for complicated methods of growth and manufacturing. This method needs contactless detection technologies, thus stimulating the requirement of the sector in the aviation field.

Regional Analysis

The position sensors market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.

The development of APAC's position sensors industry in the coming years is anticipated to fuel continuous requirement for cost-effective and extremely effective place detectors in the electronics, aerospace, production, medical and storage sectors. The region expects to boost demand for position sensors in APAC with a growing population, rising R&D investment, and a growing manufacturing and electronics sector. Further manufacturing operations in North America are anticipated to be expended in low cost emerging nations and are highly demanded in the region for high-quality accuracy machinery and detectors. In order to increase national growth over the coming years, robust manufacturing development and a huge desire for fresh machine tools are anticipated in the European economy.

Global Position Sensors Market Size, Share Analysis by Region 2017

Global Position Sensors Market Study Objective

1. To forecast the market size of position sensors market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of position sensors market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have a major impact on the growth of position sensors market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of position sensors market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the position sensors market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Honeywell, SICK AG, ams AG, TE Connectivity, MTS Systems, Vishay, Infineon Technologies, STMicroelectronics, Bourns, and Allegro MicroSystems are some of the key players in the market of position sensors.

Global Position Sensors Market Study Report Offer You!

The global position sensors market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.