The global position sensor market is anticipated to expand from USD 4.59 Billion in 2023 to USD 8.51 Billion by 2032 at a CAGR of 7.10% during the forecast period of 2024-2032.
Base Year
Historical Year
Forecast Year
Value in USD Billion
2024-2032
Position Sensor Market Outlook
*this image is indicative*
| Global Position Sensor Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 4.59 |
| Market Size 2032 | USD Billion | 8.51 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 7.1% |
| CAGR 2024-2032 - Market by Region | Latin America | 7.7% |
| CAGR 2024-2032 - Market by Country | India | 8.3% |
| CAGR 2024-2032 - Market by Country | Brazil | 8.1% |
| CAGR 2024-2032 - Market by Contact Type | Non-Contact Type | 7.9% |
| CAGR 2024-2032 - Market by Output | Digital Output | 8.4% |
| Market Share by Country 2023 | Germany | 4.5% |
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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.
The industry can be divided on the basis of its type as:
The industry can be divided on the basis of its technology as:
The industry can be broadly categorised based on its application into:
The industry can be divided on the basis of its contact type as:
The industry can be divided based on its output as:
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.
| CAGR 2024-2032 - Market by | Country |
| India | 8.3% |
| Brazil | 8.1% |
| China | 7.6% |
| Saudi Arabia | 7.6% |
| Mexico | 7.5% |
| USA | XX% |
| Canada | 7.3% |
| Germany | XX% |
| France | XX% |
| Italy | XX% |
| Japan | XX% |
| Australia | XX% |
| UK | 6.9% |
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.
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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.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global position sensor market attained a value of nearly USD 4.59 Billion.
The market is projected to grow at a CAGR of 7.10% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 8.51 Billion by 2032.
The major market drivers include manufacturers’ increasing focus on accurate measurements and detailed inspection, the increasing adoption of position sensors in the aviation and aerospace sectors, and the surging usage of position sensors in modern automobiles.
The key trend guiding the growth of the market includes the significant R&D investments by major players.
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 market.
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 segments of position sensor.
The various applications of position sensor include machine tools, robotics, motion systems, material handling, and test equipment, among others.
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 market players are Honeywell International Inc., SICK AG, AMS AG, TE Connectivity Corporation, MTS Systems Corporation, Vishay Intertechnology, Inc., Infineon Technologies, and Bourns, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Technology |
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| Breakup by Contact Type |
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| Breakup by Output |
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| Breakup by Applications |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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