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The global position sensor market is anticipated to expand from USD 5.7 billion in 2020 to USD 11.9 billion by 2026 at a CAGR of 7.0% during the forecast period of 2021-2026.
The shift towards industrial processing automation leads to a strong demand for position sensors. Further, its demand is increasing as it can be used in a broad range of automotive and industrial applications, including position sensing of the steering wheel, float level sensing, and gearbox encoder for transmission.
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A position sensor is a tool used for position measurement, where measurements of displacement, distance, position, or length are used for automating, testing, or monitoring procedures. It can either be an absolute or relative position sensor. They are commonly used in computer game joysticks, hard drives and CD / DVD disks, steering wheels, industrial, and robotics, among others. The position sensor market can be divided on the basis of segments like type, technology, application, contact type, output, and end-use.
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The industry can be divided on the basis of its type as linear and rotary position sensors. The linear type is subdivided into linear encoders, linear variable differential transformers, magnetostrictive sensors, linear potentiometers, and laser position sensors. The rotary position sensors are subdivided into rotary encoders, rotary potentiometers, rotary variable differential transformers, and resolvers. The industry can be divided on the basis of its technology as photoelectric, rotary, linear, and proximity. The industry can be broadly categorised based on its application into:
The industry can be divided on the basis of its contact type as non-contact and contact types. The industry can be divided based on its output as digital output and analogue output. The industry can be segmented on the basis of its end-use as:
The EMR report looks into the regional position sensor markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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The global position sensor industry is being driven by factors like manufacturers’ increasing focus on accurate measurements and detailed inspection, further resulting in the increased adoption of position sensors in the aviation and aerospace industry, and increased demand for position sensors to be deployed in modern automobiles. Lower power consumption, greater feature integration, and low price drive the market for these sensors. Significant R&D investments by important players have contributed to the development of smart and intelligent sensor technologies for various new applications in sectors like automotive, aerospace and defence, electronics, and healthcare.
The report presents a detailed analysis of the following key players in the global position sensor market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Technology, Contact Type, Output, Applications, End Use, Region|
|Breakup by Type||Linear Type, Rotary Position Sensors, Others|
|Breakup by Technology||Photoelectric, Rotary, Linear, Proximity, Others|
|Breakup by Contact Type||Non-Contact Type, Contact Type|
|Breakup by Output||Digital Output, Analogue Output|
|Breakup by Applications||Machine Tools, Robotics, Motion Systems, Material Handling, Test Equipment, Others|
|Breakup by End Use||Automotive, Aerospace & Defence, Electronics, Healthcare, Manufacturing & Packaging, Others|
|Breakup by Region||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Market Dynamics||SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||Honeywell, SICK AG, AMS AG, TE Connectivity, MTS Systems, Vishay, Infineon Technologies, ST Microelectronics, Bourns, Allegro Micro Systems, Others|
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Key Industry Trends
3.3 Market Scope and Segmentation
3.4 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Position Sensor Market Analysis
6.1 Global Position Sensor Historical Market (2016-2020) & Forecast (2021-2026)
6.2 Global Position Sensor Market Breakup by Type
6.2.1 Linear Type
184.108.40.206 Linear Encoders
220.127.116.11 Linear Variable Differential Transformers
18.104.22.168 Magnetostrictive Sensors
22.214.171.124 Linear Potentiometers
126.96.36.199 Laser Position Sensors
6.2.2 Rotary Position Sensors
188.8.131.52 Rotary Encoders
184.108.40.206 Rotary Potentiometers
220.127.116.11 Rotary Variable Differential Transformers
6.3 Global Position Sensor Market Breakup by Type: Historical Market (2016-2020) & Forecast (2021-2026)
6.3.1 Linear Type
18.104.22.168 Linear Encoders
22.214.171.124 Linear Variable Differential Transformers
126.96.36.199 Magnetostrictive Sensors
188.8.131.52 Linear Potentiometers
184.108.40.206 Laser Position Sensors
6.3.2 Rotary Position Sensors
220.127.116.11 Rotary Encoders
18.104.22.168 Rotary Potentiometers
22.214.171.124 Rotary Variable Differential Transformers
6.4 Global Position Sensor Market Breakup by Technology
6.5 Global Position Sensor Market Breakup by Technology: Historical Market (2016-2020) & Forecast (2021-2026)
6.6 Global Position Sensor Market Breakup by Contact Type
6.6.1 Non-Contact Type
6.6.2 Contact Type
6.7 Global Position Sensor Market Breakup by Contact Type: Historical Market (2016-2020) & Forecast (2021-2026)
6.7.1 Non-Contact Type
6.7.2 Contact Type
6.8 Global Position Sensor Market Breakup by Output
6.8.1 Digital Output
6.8.2 Analogue Output
6.9 Global Position Sensor Market Breakup by Output: Historical Market (2016-2020) & Forecast (2021-2026)
6.9.1 Digital Output
6.9.2 Analogue Output
6.10 Global Position Sensor Market Breakup by Applications
6.10.1 Machine Tools
6.10.3 Motion Systems
6.10.4 Material Handling
6.10.5 Test Equipment
6.11 Global Position Sensor Market Breakup by Applications: Historical Market (2016-2020) & Forecast (2021-2026)
6.11.1 Machine Tools
6.11.3 Motion Systems
6.11.4 Material Handling
6.11.5 Test Equipment
6.12 Global Position Sensor Market Breakup by End Use
6.12.2 Aerospace & Defence
6.12.5 Manufacturing & Packaging
6.13 Global Position Sensor Market Breakup by End Use: Historical Market (2016-2020) & Forecast (2021-2026)
6.13.2 Aerospace & Defence
6.13.5 Manufacturing & Packaging
6.14 Global Position Sensor Market Breakup by Region
6.14.1 North America
126.96.36.199 United States of America
188.8.131.52 United Kingdom
6.14.3 Asia Pacific
6.14.4 Latin America
6.14.5 Middle East & Africa
184.108.40.206 Saudi Arabia
220.127.116.11 United Arab Emirates
18.104.22.168 South Africa
6.15 Global Position Sensor Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
6.15.1 North America
22.214.171.124 United States of America
126.96.36.199 United Kingdom
6.15.3 Asia Pacific
6.15.4 Latin America
6.15.5 Middle East & Africa
188.8.131.52 Saudi Arabia
184.108.40.206 United Arab Emirates
220.127.116.11 South Africa
7 SWOT Analysis
8 Porter’s Five Forces Analysis
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
9 Competitive Landscape & Supplier Analysis
9.1.1 Company Overview
9.1.2 Financial Analysis
9.2 SICK AG
9.2.1 Company Overview
9.2.2 Financial Analysis
9.3 AMS AG
9.3.1 Company Overview
9.3.2 Financial Analysis
9.4 TE Connectivity
9.4.1 Company Overview
9.4.2 Financial Analysis
9.5 MTS Systems
9.5.1 Company Overview
9.5.2 Financial Analysis
9.6.1 Company Overview
9.6.2 Financial Analysis
9.7 Infineon Technologies
9.7.1 Company Overview
9.7.2 Financial Analysis
9.8 ST Microelectronics
9.8.1 Company Overview
9.8.2 Financial Analysis
9.9.1 Company Overview
9.9.2 Financial Analysis
9.10 Allegro Micro Systems
9.10.1 Company Overview
9.10.2 Financial Analysis
10 Industry Events and Developments
In 2020, the global position sensor market attained a value of nearly USD 5.7 billion.
The market is projected to grow at a CAGR of 7% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 11.9 billion by 2026.
The major drivers of the industry, such as manufacturers’ increasing focus on accurate measurements and detailed inspection, resulting in the increased adoption of position sensors in the aviation and aerospace industry, and the increased demand for position sensors to be deployed in modern automobiles, are expected to aid the market growth.
The key market trend guiding the growth of the market includes the significant R&D investments by major players in the industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Linear type and rotary position sensors are the major types of position sensor in the industry.
Photoelectric, rotary, linear, and proximity, among others, are the significant technologies of position sensor in the market.
Non-contact and contact types are the major contact types of position sensor in the industry.
Digital output and analogue output are the major output sectors of the product in the industry.
Machine tools, robotics, motion systems, material handling, and test equipment, among others, are the significant application sectors of the product in the industry.
Automotive, aerospace and defence, electronics, healthcare, and manufacturing and packaging, among others, are the major end uses of the product in the industry.
The major players in the industry are Honeywell, SICK AG, AMS AG, TE Connectivity, MTS Systems, Vishay, Infineon Technologies, ST Microelectronics, Bourns, and Allegro Micro Systems, among others.
The global position sensor market attained a value of USD 5.7 billion in 2020, driven by manufacturers’ increasing focus on accurate measurements and detailed inspection. Aided by the technological advancements, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 7%. The market is projected to reach USD 11.9 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the global position sensor industry can be segmented into linear type and rotary position sensors. On the basis of technology, the industry is divided into photoelectric, rotary, linear, proximity, and others. By contact types, the industry is segmented into non-contact and contact types. On the basis of output, the industry is bifurcated into digital output and analogue output. Based on applications, the industry is divided into machine tools, robotics, motion systems, material handling, test equipment, and others. On the basis of end use, the industry is categorised into automotive, aerospace and defence, electronics, healthcare, manufacturing and packaging, and others. The major regional markets for position sensors are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Honeywell, SICK AG, AMS AG, TE Connectivity, MTS Systems, Vishay, Infineon Technologies, ST Microelectronics, Bourns, Allegro Micro Systems, and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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