Global Position Sensor Market Report and Forecast 2024-2032

Global Position Sensor Market Outlook

The global position sensor market is anticipated to expand from USD 4.59 billion in 2023 to USD 8.49 billion by 2032 at a CAGR of 7.1% during the forecast period of 2024-2032.

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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.

Market Segmentation

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:

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

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:

• Automotive
• Aerospace and Defence
• Electronics
• Healthcare
• Manufacturing and Packaging
• Others

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.

Market Analysis

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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Competitive Landscape

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:

• Honeywell International Inc.
• SICK AG 
• AMS AG
• TE Connectivity Corporation
• MTS Systems Corporation
• Vishay Intertechnology, Inc.
• Infineon Technologies 
• Bourns
• Others

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.

Key Highlights of the Report