Market Scenario
Automotive industry is growing with rapid pace where position sensor is used to measure the distance between two moving objects. There are different types of position sensors that are used for displacement of objects such as resistance based sensor, linear voltage sensor, optical position sensor among others.
The reasons contributing to the growth of the position sensor market are increasing adoption of new technologies such as integrated control system for consumer electronics, increasing demand for plant automation, adoption of sensors in various industries and high investments by manufacturers. Also, the demand for the growing usage of position sensor in aircraft manufacturing and strict government law emissions are expected to boost the market over the forecast period, 2016-2022.
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Geographically, Europe accounted for the largest market share in the global position sensor market, whereas Asia-Pacific is expected to grow at a fast pace over the forecast period, 2016-2022.
The global Position Sensor Market Growth is expected to reach approximately USD 6 billion by the end of 2022 with 8% CAGR during forecast period 2016-2022.
Key Players
The key players in the global position sensor market 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.
Segments
For the purpose of this study, Market Research Future has segmented the market of position sensor into contact type, type, output, industries and region.
Contact Type
- Contact
- Non-Contact
Type
- Linear Position Sensor
- Rotary Position Sensor
Output
- Analog
- Digital
Industry
- Aerospace
- Consumer Electronics
- Manufacturing
- Healthcare
- Packaging
- Automotive
- Others
Region
- North-America
- Europe
- Asia-Pacific
- RoW
Regional Analysis-
Regionally, Europe accounted for the largest market share, because of the strict law emissions in the European countries, increasing usage of linear and rotary position sensors for the automobile industry and increasing automobile production.
However, Asia-Pacific is expected to grow over the forecast period majorly due to high adoption of new technological solutions, increasing demand for consumer electronics and increasing focus towards the automotive industry.
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Intended Audience
- Original Equipment Manufacturers
- Distributors
- Research firms
- Consultancy firms
- Semiconductor Manufacturers
- End-user sectors
- Technology Investors
About Market Research Future:
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