Global Position Sensor Market - Overview
A Position sensor helps in tracking the movement of an object and converting the data into suitable form for processing, transmission and control. They help in identifying the piston movement in pneumatic actuators by direct and non-direct contact method. Position sensors finds various applications in the area of automobile and industrial applications which primarily covers steering wheel position sensing, transmission gearbox encoder, float level sensing and many others. The key players in the market are investing in research and development activities and undergoing through various merger and acquisition activities in order to generate cost effective product portfolio.
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The rising awareness of position sensors in manufacturing industries, increasing in adoption among aviation and aerospace industries are primarily driving the market. The rising trend of automation across industries and evolution of industry 4.0 are fuelling the market growth. However, lack of performance issues and high initial deployment costs are hampering the market growth.
Key Players
The key players in the global Position Sensor Market Growth 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 - Competitive Analysis
The Market of position sensor appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal RD and, most of all, in acquiring other firms. Prominent vendors of position sensors market are targeting to invest more in technology and research and development activities to innovate their already existing technology.
Position Sensor Market
According to Market Research Future, market has been segmented into output, contact type, type, 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
Market Research Future Analysis
The global position sensor market is expected to grow significantly over the forecast period, 2016-2022 majorly due to adoption of new technological solutions. The market is highly application basis. Automobile segment of position sensor market globally drives the market. The market is expected to have higher growth rate as compared to the previous years.
European region accounted for the largest market share because of technological advancements, increasing demand by various sectors, large investments by automobile manufacturers for implementing position sensor and strict laws for implementing linear position sensor in the European countries.
However, Asia-Pacific region is expected to grow over the forecast period, 2016-2022 because of being the manufacturing hub and increasing focus by manufacturers to implement position sensor in various sectors.
Industry News
April. 2018 - Micro-Epsilon, precision sensor manufacturer, launched miniature draw wire position sensor specially designed for high volume mobility applications like elevators and cranes. The sensor is compact in size and benefits in measuring displacement and position of components and machine parts.
March, 2018 – Melexis, global supplier of micro-electronic semiconductor solutions launched automatic position sensors, which consist of analog to digital signal conditioner, digital signal processor for advanced signal processing and output stage driver. The device is suitable for space and cost constrained automotive applications.
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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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