Global Position Sensor Market is Expected to Reach USD 7.8 Billion by 2025

The global position sensor market is expected to reach USD 7.8 billion by 2025, growing at a CAGR of 8.3% during the forecast period. Increasing demand for automation in manufacturing, as well as

other industries in the years to come, will boost the demand for position sensors. Industrial robotics adoption requires the use of a large number of sensors including position sensors for better performance. This will act as an opportunity for the global position sensor market in the near future.

Manufacturing sector segment held the largest share in the position sensor market in 2019

Based on end-user industry, the market is segmented into manufacturing, automotive, aviation & aerospace, electronics, healthcare, and others. The manufacturing sector is expected to account for the highest market share in the current year. However, automotive and consumer electronics are industries expected to grow at the fastest rate during the forecast period.

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Geography Insight

Geographically, Europe is the largest position sensor market with a large number of robotics integration in the manufacturing industry. Besides, the region is home to some of the major automotive manufacturers, this will further upsurge the growth of the position sensor market in years to come.

Competitive Insight

Some of the key players operating in the position, sensor market are Honeywell International Inc., SICK AG, ARMS AG, TE Connectivity Ltd., MTS Systems, Vishay Intertechnology, Inc., Infineon Technologies, STMicroelectronics, Bourns, Inc., and Allegro MicroSystems, LLC.

Key Takeaway from the Report:

• Among all the type, rotary position sensor segment captures higher market share in 2019.
• Of all the contact type, non-contact type sensor accounted for the foremost share in the position sensor market in 2019.
• Among all the application, the machine tools segment accounted for a foremost share in the position sensor market in 2019.
• Of all end-user industry industry, manufacturing sector is expected to account the highest market share in current year.

The Report Offers:

• Historical market estimate for the years 2015–2019 and forecast for the years 2020–2025
• Insight on current market trends, market dynamics, key opportunities and major challenges in the industry
• Market insights by in-depth segmentation with industry dynamics.
• Competitive analysis and benchmarking of the industry leaders and their product offerings
• Profiles of leading players and innovators, their financial overview and product portfolio
• Analysis of key industry trends and recent developments
• Value chain analysis and distribution channel analysis with opportunity assessment
• Market share analysis of major players

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The report provides the market value for the base year 2019 and a yearly forecast till 2025 in terms of revenue (USD Million). The report segments the global position sensor market on the basis of type, contact type, application, end-user industry, and region.

Global Position Sensor Market Coverage

Type Insight and Forecast 2015 – 2025

• Linear Sensor
• Rotary Sensor

Contact Type Insight and Forecast 2015 – 2025

• Contact
• Non-Contact

Application Insight and Forecast 2015 – 2025

• Machine Tools
• Robotics
• Motion Systems
• Material Handling
• Test Equipment

End-User Industry Insight and Forecast 2015 – 2025

• Manufacturing
• Automotive
• Aviation & Aerospace
• Electronics
• Healthcare
• Other

Geographical Segmentation

Position Sensor Market by Region

North America

• By Type
• By Contact Type
• By Application
• By End-User Industry
• By Country – U.S., Canada, and Mexico

Europe

• By Type
• By Contact Type
• By Application
• By End-User Industry
• By Country – Germany, U.K., France, Italy, Spain, and Rest of Europe

Asia-Pacific (APAC)

• By Type
• By Contact Type
• By Application
• By End-User Industry
• By Country – China, Japan, India, South Korea, Singapore, Taiwan, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Type
• By Contact Type
• By Application
• By End-User Industry
• By Country – Brazil, South Africa, Saudi Arabia, and Other Countries

VynZ Research is a market research firm offering research, analytics, and consulting services on business strategies. The company focuses on providing valuable insights on various technology verticals.