HOME Top Market Reports Position Sensor Market by Type (Linear & Rotary), Contact Type (Contact & Non-Contact), Output, Application (Test Equipment, Material Handling, Machine Tools, Motion Systems, & Robotics), Industry, and Region - Global Trend and Forecast to 2022

Position Sensor Market by Type (Linear & Rotary), Contact Type (Contact & Non-Contact), Output, Application (Test Equipment, Material Handling, Machine Tools, Motion Systems, & Robotics), Industry, and Region - Global Trend and Forecast to 2022

By: marketsandmarkets.com
Publishing Date: March 2016
Report Code: SE 4190

 

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The position sensor market was valued at USD 3.89 Billion in 2015 and is expected to grow at a CAGR of 6.1% during the forecast period. The base year used for this study is 2015 and the forecast period is between 2016 and 2022. This report provides a detailed analysis of the position sensor market, based on verticals and regions. The growing trends of industrial automation and increased integration of position sensors in vehicles are two of the major drivers for the market. Additionally, one of significant opportunities in the future for the position sensor is its growing applications in consumer electronics such as smartphones & tablets.

The research methodology used to estimate and forecast the position sensor market begins with capturing data on key vendor revenue through the secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the global market from the revenues of key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments which have been verified through the primary research by conducting extensive interviews of people holding key positions such as CEOs, VPs, directors, and executives. These market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary is depicted in the below figure:

Position Sensor Market

To know about the assumptions considered for the study, download the pdf brochure

The position sensor ecosystem comprises raw material vendors and position sensor manufacturers such as ams AG (Austria), Honeywell International Inc. (U.S.), Renishaw Plc. (U.K.), TE Connectivity Ltd. (Switzerland), Vishay Intertechnology, Inc. (U.S.), Allegro MicroSystems, LLC (U.S.), and others who sell these sensors to end users to cater to their unique requirements; end users are from a wide range of industries such as automotive, aerospace, and manufacturing among others.

The Target Audience:

  • Associations working on position sensors
  • Application industry manufacturers
  • Government bodies such as regulating authorities and policy makers
  • Market research and consulting firms
  • Position sensor manufacturers
  • Position sensor traders/suppliers
  • Raw chemical suppliers and distributors
  • Research institutes and organizations

Study answers several questions for the target audiences; primarily, which market segments to focus in the next two to five years for prioritizing the efforts and investments.

Report Scope:

In this report, the position sensor market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

By Type:

  • Linear position sensors
    • Linear encoders
    • Linear variable differential transformers (LVDTs)
    • Magnetostrictive sensors
    • Potentiometers
    • Others
  • Rotary position sensors
    • Rotary encoders
    • Rotary variable differential transformers (RVDTs)
    • Resolvers
    • Potentiometers

By Specification:

  • Contact type
    • Contact
    • Non-contact
  • Output
    • Analog
    • Digital

By Application:

  • Test equipment
  • Material handling
  • Motion system
  • Machine tool
  • Robotics

By Industry:

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

By Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Rest of the World
    • South America
    • Middle East
    • Africa

 

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 31)

4 Premium Insights – Position Sensor Market (Page No. - 37)
    4.1 Position Sensor Market, 2016–2022 (USD Million)
    4.2 Market for Key Applications (2016–2022)
    4.3 Market, By Type and Region – 2015
    4.4 Market, By Region – 2015
    4.5 Position Sensor, By Type (2016-2022)
    4.6 Position Sensor, By Output(2016–2022)

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Position Sensor Market, By  Type
           5.2.2 Market, By Specification
           5.2.3 Market, By Application
           5.2.4 Market, By Industry
           5.2.5 Market, By Geography
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Growing Trend of Industrial Automation to Drive the Demand for Position Sensors
                    5.3.1.2 Integration of Position Sensors in Automobiles
                    5.3.1.3 Increasing Adoption of Position Sensors in the Aerospace Industry
           5.3.2 Restraints
                    5.3.2.1 Rise in the Pricing Pressures Could Adversely Affect Profitability
           5.3.3 Opportunities
                    5.3.3.1 Emerging Advancements in Consumer Electronics Likely to Act as an Potential Application for Position Sensors
                    5.3.3.2 High Potential From Industrial Robotics Application
           5.3.4 Challenges
                    5.3.4.1 Lack of Proper Standards to Measure Performance Standards

6 Industry Trends (Page No. - 50)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Trends in Position Sensor Market
           6.3.1 Growing Popularity of Non-Contacting Position Sensors
    6.4 Porter’s Five Forces Model
           6.4.1 Threats of New Entrants
           6.4.2 Threats of Substitutes
           6.4.3 Bargaining Power of Suppliers
           6.4.4 Bargaining Power of Buyers
           6.4.5 Industry Rivalry

7 Market Analysis, By Type (Page No. - 59)
    7.1 Introduction
    7.2 Linear Position Sensor
           7.2.1 Linear Encoder
                    7.2.1.1 Optical Linear Encoder
                    7.2.1.2 Magnetic Linear Encoder
                    7.2.1.3 Inductive Linear Encoder
                    7.2.1.4 Capacitive Linear Encoder
           7.2.2 Linear Variable Differential Transformer (LVDT)
           7.2.3 Magnetostrictive Sensor
           7.2.4 Linear Potentiometer
           7.2.5 Laser Position Sensor
    7.3 Rotary Position Sensor
           7.3.1 Rotary Encoder
                    7.3.1.1 Optical Rotary Encoder
                    7.3.1.2 Magnetic Rotary Encoder
                    7.3.1.3 Mechanical Rotary Encoder
                    7.3.1.4 Capacitive Rotary Encoder
           7.3.2 Rotary Potentiometer
           7.3.3 Rotary Variable Differential Transformer (RVDT)
           7.3.4 Resolver
    7.4 Proximity Sensors
           7.4.1 Ultrasonic Position Sensor
    7.5 Technology Type
           7.5.1 Hall-Effect Sensor
           7.5.2 Magnetoresistive Sensor

8 Market Analysis, By Specification (Page No. - 78)
    8.1 Introduction
    8.2 Market, By Contact Type
           8.2.1 Contact
                    8.2.1.1 Contact Sensor is Conventional Sensing Technology
           8.2.2 Non-Contact
                    8.2.2.1 Non-Contact Sensors Gaining Popularity Over Contact Sensors
    8.3 Market, By Output
           8.3.1 Analog
                    8.3.1.1 Advantages of Analog Output
                               8.3.1.1.1 Ease of Implementation
                               8.3.1.1.2 Ease of Troubleshooting
                    8.3.1.2 Disadvantages of Analog Output
                               8.3.1.2.1 Sensitivity to Electric Interference
           8.3.2 Digital
                    8.3.2.1 Advantages of Digital Output
                               8.3.2.1.1 Immunity to Noise
                               8.3.2.1.2 High Reliability
                    8.3.2.2 Disadvantages of Digital Output
                               8.3.2.2.1 Complexity in Troubleshooting

9 Market Analysis, By Application (Page No. - 97)
    9.1 Introduction
    9.2 Test Equipment
           9.2.1 Position Sensors Used for Chassis Tests on Motor Vehicles
           9.2.2 Position Sensors Used for Structural Test During Aircraft Manufacturing
    9.3 Material Handling
           9.3.1 Position Sensors Enable Movement of Materials With High Precision and Accuracy
           9.3.2 Position Sensors Provide Reliable Motion Feedback in Diverse Environments
    9.4 Machine Tools
           9.4.1 Position Sensors Ensure Operational Efficiency of the Assembly Line
           9.4.2 Position Sensors Help to Simplify Tasks at A Lower Cost in the Metalwork Industry
    9.5 Motion Systems
           9.5.1 Position Sensors Provide Accurate Feedback to Motion Systems
    9.6 Robotics
           9.6.1 Encoders, Potentiometers, and Resolver are Most Commonly Used in Robotics

10 Market Analysis, By Industry (Page No. - 113)
     10.1 Introduction
     10.2 Automotive
             10.2.1 Body
                        10.2.1.1 Angular Sensors to Detect the Wiper Position
                        10.2.1.2 Linear Sensors to Determine the Position of the Power Seats
             10.2.2 Powertrain
                        10.2.2.1 Liner Sensors Used in Turbo Charger
                        10.2.2.2 Throttle Position Sensors Used in Modem Fuel-Injection Engines
                        10.2.2.3 Variable Valve Position Sensors
                        10.2.2.4 Linear and Rotary Position Sensors Used for Pedal Position Sensing
                        10.2.2.5 Linear Sensors Used in the Gear Stick
                        10.2.2.6 Rotary Sensors Used in the Clutch and Transmission Actuator
             10.2.3 Safety
                        10.2.3.1 Angular Positon Sensors Used in Brake Booster
                        10.2.3.2 Position Sensors Used in the Power Steering to Sense the Steering Angle
                        10.2.3.3 Position Sensors Used to Determine the Chassis Height
     10.3 Aerospace
             10.3.1 Position Sensors are A Vital Component of the “Fly-By-Computer” Systems
     10.4 Electronics
             10.4.1 Position Sensors are Used to Sense the Position of the Smartphone
     10.5 Healthcare
             10.5.1 Electronic Systems in Medical Equipment Rely on Position Sensors for Control Activities
     10.6 Manufacturing
             10.6.1 Industrial Encoders and Hvac Valve Position Sensing
     10.7 Packaging
             10.7.1 Determining the End Position of A Deflector
             10.7.2 Observing the Position of A Moving Machine Part, Such as A Cassette Or Cylinder
             10.7.3 Detecting the Position of A Label Applicator
     10.8 Others

11 Market Analysis, By Region (Page No. - 134)
     11.1 Introduction
     11.2 North America
             11.2.1 U.S.
                        11.2.1.1 U.S.: Expected to Be the Largest Market for Position Sensor in 2016
             11.2.2 Canada
                        11.2.2.1 Canada: Fastest-Growing Position Sensor Market in North America
             11.2.3 Mexico
                        11.2.3.1 Mexico: Improving Manufacturing Infrastructure to Propel the Demand for Position Sensors
     11.3 Europe
             11.3.1 U.K.
                        11.3.1.1 U.K.: A Significant Market for Position Sensors
             11.3.2 Germany
                        11.3.2.1 Germany: Held the Largest Share of the European Position Sensor Market in 2015
             11.3.3 France
                        11.3.3.1 France: Huge Potential for the Development of the Position Sensor Market
             11.3.4 Rest of Europe
                        11.3.4.1 Rest of Europe: Opportunity From Automotive and Electronics Industries
     11.4 Asia-Pacific
             11.4.1 China
                        11.4.1.1 Increase in Industrial Automation is Fueling the Chinese Position Sensor Market
             11.4.2 Japan
                        11.4.2.1 Presence of Key Manufacturers
             11.4.3 India
                        11.4.3.1 Great Scope for Development
             11.4.4 Rest of Asia-Pacific
                        11.4.4.1 Rest of APAC: South Korea & Australia are Emerging Markets With Significant Potential
     11.5 Rest of the World
             11.5.1 South America
                        11.5.1.1 South America: Developing Economies Expected to Drive Future Growth
             11.5.2 Middle East
                        11.5.2.1 Middle East: Infrastructure Development Prevalent in the Middle East
             11.5.3 Africa
                        11.5.3.1 Africa: Held 21% of the RoW Market for Position Sensors

12 Competitive Landscape (Page No. - 156)
     12.1 Overview
     12.2 Market Ranking Analysis, 2015
     12.3 Competitive Situation and Trends
             12.3.1 New Product Launches
             12.3.2 Acquisitions, Collaborations, & Contracts
             12.3.3 Expansions

13 Company Profiles (Page No. - 162)
     13.1 Introduction
     13.2 AMS AG
             13.2.1 Business Overview
             13.2.2 Products Offered
             13.2.3 Recent Developments
             13.2.4 MnM View
                        13.2.4.1 SWOT Analysis
     13.3 Honeywell International Inc.
             13.3.1 Business Overview
             13.3.2 Products Offered
             13.3.3 MnM View
                        13.3.3.1 SWOT Analysis
     13.4 MTS Systems Corporation
             13.4.1 Business Overview
             13.4.2 Products Offered
             13.4.3 Recent Developments
             13.4.4 MnM View
                        13.4.4.1 SWOT Analysis
     13.5 Renishaw PLC.
             13.5.1 Business Overview
             13.5.2 Products Offered
             13.5.3 Recent Developments
             13.5.4 MnM View
                        13.5.4.1 SWOT Analysis
     13.6 TE Connectivity Ltd.
             13.6.1 Business Overview
             13.6.2 Products Offered
             13.6.3 Recent Developments
             13.6.4 MnM View
                        13.6.4.1 SWOT Analysis
     13.7 Vishay Intertechnology, Inc.
             13.7.1 Business Overview
             13.7.2 Product Offerings
     13.8 Allegro Microsystems, LLC
             13.8.1 Business Overview
             13.8.2 Products Offered
             13.8.3 Recent Developments
     13.9 Bourns Inc.
             13.9.1 Business Overview
             13.9.2 Products Offered
             13.9.3 Recent Developments
     13.10 Dr. Johannes Heidenhain GmbH
             13.10.1 Business Overview
             13.10.2 Products Offered
             13.10.3 Recent Developments
     13.11 Hans Turck GmbH Co. Kg
             13.11.1 Business Overview
             13.11.2 Products Offered
     13.12 Novotechnik Messwertaufnehmer OHG
             13.12.1 Business Overview
             13.12.2 Products Offered

14 Appendix (Page No. - 190)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Introducing RT: Real-Time Market Intelligence
     14.4 Available Customizations
     14.5 Related Reports


List of Tables (70 Tables)

Table 1 Position Sensor Market: Drivers
Table 2 Market: Restraints
Table 3 Market: Opportunities
Table 4 Market: Challenges
Table 5 Market Size, By Type, 2013–2022 (USD Million)
Table 6 Linear Position Sensor Market Size, By Type, 2013–2022 (USD Million)
Table 7 Linear Position Sensor Market Size, By Contact Type, 2013–2022 (USD Million)
Table 8 Linear Position Sensor Market Size, By Output, 2013–2022 (USD Million)
Table 9 Linear Position Sensor Market Size, By Application, 2013–2022 (USD Million)
Table 10 Linear Position Sensor Market Size, By Region, 2013–2022 (USD Million)
Table 11 Rotary Position Sensor Market, By Type, 2013–2022 (USD Million)
Table 12 Rotary Position Sensor Market Size, By Contact Type, 2013–2022 (USD Million)
Table 13 Rotary Position Sensor Market Size, By Output, 2013–2022 (USD Million)
Table 14 Rotary Position Sensor Market, By Application, 2013–2022 (USD Million)
Table 15 Rotary Position Sensor Market Size, By Region, 2013–2022 (USD Million)
Table 16 Market Size, By Contact Type, 2013–2022 (USD Million)
Table 17 Contact Position Sensor Market Size, By Type, 2013–2022 (USD Million)
Table 18 Contact Position Sensor Market Size, By Application, 2013–2022 (USD Million)
Table 19 Contact Position Sensor Market Size, By Industry, 2013–2022 (USD Million)
Table 20 Non-Contact Position Sensor Market, By Type, 2013–2022 (USD Million)
Table 21 Non-Contact Position Sensor Market, By Application, 2013–2022 (USD Million)
Table 22 Non-Contact Position Sensor Market, By Industry, 2013–2022 (USD Million)
Table 23 Market Size, By Output, 2013–2022 (USD Million)
Table 24 Analog Output Market Size, By Type, 2013–2022 (USD Million)
Table 25 Analog Position Sensor Market Size, By Application, 2013–2022 (USD Million)
Table 26 Digital Position Sensor Market, By Type, 2013–2022 (USD Million)
Table 27 Digital Position Sensor Market, By Application, 2013–2022 (USD Million)
Table 28 Market Size, By Application, 2013–2022 (USD Million)
Table 29 Market Size for Test Equipment, By Type, 2013–2022 (USD Million)
Table 30 Market Size for Test Equipment, By Output, 2013–2022 (USD Million)
Table 31 Market Size for Material Handling, By Type, 2013–2022 (USD Million)
Table 32 Market Size for Material Handling, By Output, 2013–2022 (USD Million)
Table 33 Market Size for Machine Tools, By Type, 2013–2022 (USD Million)
Table 34 Market Size for Machine Tools, By Output, 2013–2022 (USD Million)
Table 35 Market Size for Motion Systems, By Type, 2013–2022 (USD Million)
Table 36 Market Size for Motion Systems, By Output, 2013–2022 (USD Million)
Table 37 Market Size for Robotics, By Type, 2013–2022 (USD Million)
Table 38 Market Size for Robotics, By Output, 2013–2022 (USD Million)
Table 39 Market Size, By Industry, 2013–2022 (USD Million)
Table 40 Market Size in Automotive Industry, By Contact Type, 2013–2022 (USD Million)
Table 41 Position Sensor Market Size in Automotive Industry, By Region, 2013–2022 (USD Million)
Table 42 Market Size in Aerospace Industry, By Contact Type, 2013–2022 (USD Million)
Table 43 Market Size in Aerospace Industry, By Region, 2013–2022 (USD Million)
Table 44 Market Size in Electronics Industry, By Contact Type, 2013–2022 (USD Million)
Table 45 Market Size in Electronics Industry, By Region, 2013–2022 (USD Million)
Table 46 Market Size in Healthcare Industry, By Contact Type, 2013–2022 (USD Million)
Table 47 Market Size in Healthcare Industry, By Region, 2013–2022 (USD Million)
Table 48 Market Size in Manufacturing Industry, By Contact Type, 2013–2022 (USD Million)
Table 49 Market Size in Manufacturing Industry, By Region, 2013–2022 (USD Million)
Table 50 Market Size in Packaging Industry, By Contact Type, 2013–2022 (USD Million)
Table 51 Market Size in Packaging Industry, By Region, 2013–2022 (USD Million)
Table 52 Position Sensor Market Size in Other Industries, By Contact Type, 2013–2022 (USD Million)
Table 53 Position Sensor Market Size in Other Industries, By Region, 2013–2022 (USD Million)
Table 54 Market Size, By Region, 2013–2022 (USD Million)
Table 55 Market Size in North America, By Country, 2013–2022 (USD Million)
Table 56 Position Sensor Market Size in North America, By  Type, 2013–2022 (USD Million)
Table 57 Market Size in North America, By Industry, 2013–2022 (USD Million)
Table 58 Position Sensor Market Size in Europe, By Country, 2013–2022 (USD Million)
Table 59 Market Size in Europe, By Type, 2013–2022 (USD Million)
Table 60 Position Sensor Market Size in Europe, By Industry, 2013–2022 (USD Million)
Table 61 Market Size in APAC, By Country, 2013–2022 (USD Million)
Table 62 Market Size in APAC, By Type, 2013–2022 (USD Million)
Table 63 Asia-Pacific Market Size, By Industry, 2013–2022 (USD Million)
Table 64 Position Sensor Market Size in RoW, By Country, 2013–2022 (USD Million)
Table 65 Market Size in RoW, By Type, 2013–2022 (USD Million)
Table 66 Market Size in RoW, By Industry, 2013–2022 (USD Million)
Table 67 Position Sensor  Market: Market Ranking Analysis (2015)
Table 68 Most Significant New Product Launches in the Position Sensor Market
Table 69 Most Significant Acquisitions in the Position Sensor Market
Table 70 Most Significant Expansions in the Position Sensor Market


List of Figures (84 Figures)

Figure 1 Position Sensor Market Segmentation
Figure 2 Market: Research Design
Figure 3 Position Sensor: Bottom-Up Approach
Figure 4 Position Sensor: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Position Sensor Market Segmentation
Figure 7 Position Sensor  Market Snapshot (2016 vs 2022): the Market for Linear Position Sensor Expected to Account for the Largest Market Share Between 2016 and 2022
Figure 8 Machine Tools Expected to Account for the Largest Market Share During the Forecast Period
Figure 9 Position Sensor Market for the Automotive Industry Expected to Grow at the Highest Rate During the Forecast Period
Figure 10 Europe Expected to Account for the Largest Share of the Positon Sensor Market in 2016
Figure 11 Attractive Growth Opportunities for the Position Sensor Market
Figure 12 Machine Tools  to Hold the Largest Market Share During the Forecast Period
Figure 13 Manufacturing Industry Holds the Largest Share of the Position Sensor Market in 2016
Figure 14 U.S. Expected to Account for the Largest Share of the Market
Figure 15 Market for Linear Position Sensor Accounted for the Largest Share in 2016
Figure 16 Market for Position Sensor With Digital Output is Expected to Grow  at the Highest Rate Between 2016 and 2022
Figure 17 Drivers, Restraints, Opportunities, and Challenges of the Position Sensor Market
Figure 18 Major Value Addition is Done During the Manufacturing and Assembling Phases
Figure 19 Porter’s Five Forces Analysis - 2015
Figure 20 Porters Analysis: Position Sensor Market
Figure 21 Market: Threats of New Entrants
Figure 22 Position Sensor Market: Threats of Substitutes
Figure 23 Market:  Bargaining Power of Suppliers
Figure 24 Market: Bargaining Power of Buyers
Figure 25 Market: Industry Rivalry
Figure 26 Market, By Type
Figure 27 Rotary Position Sensor Market Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 28 Encoders Expected to Account for the Largest Size of the Linear  Position Sensor Market in 2016
Figure 29 Asia-Pacific Market Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 30 RVDTs Expected to Hold the Largest Size of the Rotary Position Sensor Market in 2016
Figure 31 Asia-Pacific Expected to Lead the Rotary Position Sensor Market By 2022
Figure 32 Position Sensor Market, By Specification
Figure 33 Market, By Contact Type
Figure 34 Non-Contact Position Sensors Expected to Lead the Market By 2022
Figure 35 Machine Tools Expected to Account for the Largest Size of the Contact Position Sensor Market By 2022
Figure 36 Market for Robotics Application Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 37 Market, By Output
Figure 38 Position Sensors With Digital Output Expected to Lead the Market By 2022
Figure 39 Machine Tools Expected to Hold the Largest Size of the Analog Position Sensor Market in 2016
Figure 40 Market for Robotics Application Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 41 Position Sensor Market, By Application
Figure 42 Machine Tools Application Expected to Lead the Market By 2022
Figure 43 Rotary Position Sensor to Account for the Largest Market Size By 2022
Figure 44 Linear Position Sensors Led the Market for the Material Handling Segment in 2015
Figure 45 Rotary Position Sensor Market Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 46 Linear Position Sensors Expected to Dominate the Market By 2022
Figure 47 Rotary Position Sensor Market Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 48 Position Sensor Market, By Industry
Figure 49 Automotive Industry Expected to Lead the Position Sensor Market By 2022
Figure 50 Asia-Pacific Expected to Dominate the Market By 2022
Figure 51 Europe Expected to Lead the Market in Aerospace Industry During the Forecast Period
Figure 52 Asia-Pacific Market for Position Sensors in Electronics Industry Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 53 North America Expected to Hold the Second-Largest Size of the Position Sensor Market in Healthcare Industry in 2016
Figure 54 Asia-Pacific Market in Manufacturing Industry Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 55 Europe Expected to Lead the Market in Packaging Industry By 2022
Figure 56 Asia-Pacific Market in Other Industries Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 57 Geographic Snapshot (2016): Rapidly Growing Markets Such as India and China are Emerging as Potential New Markets
Figure 58 Europe Expected to Hold the Largest Market Share of the Position Sensor Market in 2016
Figure 59 North American Market Snapshot: Demand Expected to Be Driven By Aerospace Industry in the Coming Years
Figure 60 North American Market for Position Sensors in Automotive Industry Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 61 Aerospace Industry Expected to Lead the European Market for Position Sensors Between 2016 and 2022
Figure 62 APAC Market Snapshot: Market Expected to Be Driven By the Packaging Application
Figure 63 Manufacturing Industry Expected to Lead the Asia-Pacific Position Sensor Market in 2016
Figure 64 RoW Market for Position Sensors in Packing Industry Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 65 Companies Adopted Product Innovation as the Key Growth Strategy Between 2014 and 2016
Figure 66 Market Evaluation Framework (2014-2015)
Figure 67 Battle for Market Share: New Product Launches Was the Key Strategy
Figure 68 Geographic Revenue Mix of Top Position Sensor Market Players
Figure 69 AMS AG.: Company Snapshot
Figure 70 AMS AG.: SWOT Analysis
Figure 71 Honeywell International Inc.: Company Snapshot
Figure 72 Honeywell International Inc.: SWOT Analysis
Figure 73 MTS Systems Corporation: Company Snapshot
Figure 74 MTS Systems Corporation: SWOT Analysis
Figure 75 Renishaw PLC: Company Snapshot
Figure 76 Renishaw PLC: SWOT Analysis
Figure 77 TE Connectivity Ltd.: Company Snapshot
Figure 78 TE Connectivity Ltd.: SWOT Analysis
Figure 79 Vishay Intertechnology, Inc.: Company Snapshot
Figure 80 Allegro Microsystems, LLC: Company Snapshot
Figure 81 Bourns Inc.: Company Snapshot
Figure 82 Dr. Johannes Heidenhain GmbH: Company Snapshot
Figure 83 Hans Turck GmbH Co. Kg: Company Snapshot
Figure 84 Novotechnik Messwertaufnehmer OHG: Company Snapshot

The position sensor market was valued at USD 3.89 Billion in 2015 and is expected to grow at a CAGR of 6.1% between 2016 and 2022. The growth of this market is propelled due to rapidly growing use of linear and rotary position sensors in the automotive industry. Also, the automotive technology has been undergoing rapid development since the last few years. Moreover, from the vehicles seats to pedals to gear shifters as well as different applications in the engines, position sensors have a vital role to play in ensuring safety and proper working, thus acting as a major driver for the market.

Linear position sensors are leading the position sensor market. The large market share in terms of value of linear position sensors can be attributed to the fact that the linear position sensors are widely used by many end users from various industries such as manufacturing, automotive, healthcare, and others to efficiently and accurately measure the linear movement or displacement of a target. Each type under linear position sensors such as encoders, linear variable differential transformers (LVDTs), potentiometers, and others, working on respective technologies, offers different features which fulfill the requirements and necessity of the various end users. Major companies such as ams AG (Austria), Honeywell International Inc. (U.S.), Renishaw Plc (U.K.), and MTS System Corporation (U.S.) among others offer high-quality and a wide range of linear position sensors.

The market for non-contact technology is expected to grow at a high CAGR during the forecast period. Non-contact technologies are gaining rapid popularity among end users as these technologies overcome the disadvantages of traditional contact technology. It enables a longer sensor life since the wear and tear associated with mechanical contact is eliminated. On the other hand, the position sensors with digital output provide benefits to end users such as high reliability as well as resistance from electric interference which enhances the resolution of the sensor. In addition, digital position sensors also overcome the drawbacks of the analog sensors, thus are expected to grow at the highest rate during the forecast period.

Position Sensor Market

Europe accounted for the largest share of the position sensor market in 2015, while the Asia-Pacific market is expected to grow at a high growth rate during the forecast period. The high growth of the Asia-Pacific region is propelled by the rapid development of industrial automation and growing investments in the manufacturing industry is increasing the use of machine tools and robotics which are two main applications of position sensors.

One of the key restraining factors for companies operating in this industry is to increase their manufacturing capabilities, provide improved quality products, and at the same time, reduce the overall cost of production. OEMs expect the sensor manufacturers to provide the best possible technology at a lower cost. This increases the pricing pressure on the position sensor manufacturer and slims down on profits. In the position sensor market, Honeywell International Inc. (U.S.) is a major player which is well-known as a manufacturing company with diversified technology, serving customers worldwide. The company’s market-leading position is driven by manufacturing value-adding products at competitive prices. The company’s smart position sensors are one of its kinds in the market. They have also invested significantly in R&D activities to maintain its market position and competitive advantage.

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