Position Sensor Market

Position Sensor Market by Type (Linear Sensor and Rotary Sensor), Application (Machine Tools, Robotics, Motion Systems, Material Handling, Test Equipment), Contact Type, Output, End-User Industry, and Geography - Global Forecast to 2024

Report Code: SE 4190 Jun, 2019, by marketsandmarkets.com

[209 Pages Report] The overall position sensor market is expected to grow from USD 4.7 billion in 2018 to USD 7.3 billion by 2024; it is estimated to grow at a CAGR of 8.0% during the forecast year. Key factors driving the growth of this market include the increasing focus of manufacturers on accurate measurements and detailed inspection, rising adoption of position sensors in the aviation & aerospace industry, and growing demand for position sensors to deploy them in modern automobiles.

Position Sensor Market

Rotary position sensors accounted for larger share of position sensor market in 2018

Rotary position sensors accounted for a larger share of the position sensor market in 2018. The leading position, in terms of market size, of rotary position sensors can be attributed to their wide adoption in various applications or industries, such as automotive, manufacturing, healthcare, packing, and consumer electronics. A rotary position sensor converts the rotary mechanical position into electric signals. They are also known as angular position sensors. Rotary position sensors measure the rotational or angular movement of an object.

Non-contact type position sensors held larger market share in 2018

Non-contact type position sensors held a larger market in 2018. The leading position, in terms of market size, of the non-contact type position sensors can be attributed to their increased utilization in the field of precision measurement, longer lifespan, ease of use, reliable measurements, resistance to contamination, and high accuracy. Non-contact position sensors find their applications in several industries, ranging from automotive to industrial to consumer electronics.

Digital output captured larger share of position sensor market in 2018

Digital output accounted for a larger share of the position sensor market. The leading position of the digital output segment, in terms of market size, can be attributed to its increasing popularity of digital sensors as discrete signals are less susceptible to potential interference and result in higher quality and more reliable measurement values and output, thereby fulfilling the requirements of complex systems.

Machine tools application held larger share of position sensor market in 2018

Based on the application segment, machine tool applications accounted for the largest share of the position sensor market in 2018. The reasons behind the largest share of this application is the increasing use of position sensors in machine tools, which include assembly and welding robots, automated guided vehicles, bending presses, laser cutting machines, coil storage and handling solutions, and sheet metal processing equipment, to make the entire production process safe, fast, and transparent.

Manufacturing end-user industry to lead position sensor market during forecast period

The manufacturing industry is likely to account for the largest share of the position sensor market during 2019–2024. The leading position of this vertical, in terms of market size, can be attributed to the increasing usability of linear variable differential transformer (LVDT) position sensors, magnetostrictive position sensors, capacitive position sensors, and encoders in the manufacturing industry. Several manufacturers of consumer goods, intermediate goods, and capital goods use different types of position sensors, including angular sensors, magnetic sensors, and linear Hall effect sensors for commutations, safety, and monitoring applications.

Position Sensor Market

Market in APAC expected to grow at highest rate during 2019–2024

Continuous demand for cost-effective and highly efficient position sensors from electronics, automotive, manufacturing, medical and healthcare, and packaging industries is expected to drive the growth of the position sensor market in APAC in the coming years. Increasing population, rising R&D investments, and growing manufacturing and electronics sectors in the region are expected to boost the demand for position sensors in APAC.

Key market players

Honeywell (US), SICK AG (Germany), ams AG (Austria), TE Connectivity (Switzerland), MTS Systems (US), Vishay (US), Infineon Technologies (Germany), STMicroelectronics (Switzerland), Bourns (US), and Allegro MicroSystems (US) are a few major companies in the position sensor market. Organic growth strategies, such as product launches, is a focus of many of the companies mentioned above.

Prominent players have adopted product launches, followed by mergers and acquisitions as the key business strategy to expand their share in the position sensor market. For instance, in August 2017, Honeywell launched the IHM series of proximity sensors, specifically designed for the aerospace industry, to improve the performance of aircraft systems and reduce their maintenance costs. During the same period, the company launched Linear Variable Differential Transformers (LVDTs), which are electromechanical transducers and can measure movements ranging from a few millionths of an inch up to several inches.

Scope of the Report:

Report Metric

Details

Market size available for years

2016–2024

Base year

2018

Forecast period

2019–2024

Forecast Unit

Value (USD Billion)

Segments covered

Type, Contact Type, Output, Application, End-User Industry, and Region

Geographic regions covered

North America, APAC, Europe, and RoW

Companies covered

Honeywell (US), SICK AG (Germany), ams AG (Austria), TE Connectivity (Switzerland), MTS Systems (US), Vishay (US), Infineon Technologies (Germany), STMicroelectronics (Switzerland), Bourns (US), and Allegro MicroSystems (US)

This report categorizes the position sensor market based on type, contact type, output, application, end-user industry, and region.

By Type:

  • Linear Position Sensors
  • Rotary Position Sensors

By Contact Type:

  • Non-Contact Type
  • Contact Type

By Output:

  • Digital Output
  • Analog Output

By Application:

  • Machine Tools
  • Robotics
  • Motion Systems
  • Material Handling
  • Test Equipment
  • Others (Inspection Systems and Measurement)

By End-user Industry:

  • Manufacturing
  • Automotive
  • Aerospace
  • Packaging
  • Healthcare
  • Electronics
  • Others (Power and Mining Industries)

By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe (Russia, Italy, Netherlands, Denmark, Switzerland, Slovenia, Sweden, Finland, Norway, Romania, Bulgaria, Spain, and Poland)
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • South Korea
    • Rest of APAC (Australia, Singapore, Malaysia, and Thailand)
  • Rest of the World (RoW)
    • Middle East & Africa
    • South America

Major Market Developments

  1. In December 2018, TE Connectivity (Switzerland) launched KMXP, a magnetoresistive position sensor that enables contactless point measurement, through TTI, Inc., its leading specialty distributor of electronic components.
  2. In November 2018, SICK AG (Germany) launched the AHS/AHM36 IO-Link absolute encoder, with a single-turn resolution of 12 bits and a multi-turn resolution of 24 bits. Its compact design makes it ideal in applications where space is limited. 
  3. In September 2018, MTS Systems (US) received purchase orders for the delivery of advanced technology sensors to be used in the systems for the U.S. Department of Defense. The total value of this order is around USD 187 million. The delivery is expected to begin in 2019 and will be completed within the next 5 to 7 years.

Key Questions Addressed by the Report

  1. Where will all these developments take the industry in the mid-to-long term?
  2. What are the upcoming trends in the position sensor market?
  3. What are the opportunities for the existing players, as well as for those who are planning to enter at various stages of the position sensor value chain?
  4. How will inorganic growth strategies implemented by key players impact the growth of the position sensor market, and who will have the undue advantage?
  5. What are the emerging industrial applications of position sensors?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 21)
    1.1 Study Objectives
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 25)
    2.1 Research Data
           2.1.1 Secondary and Primary Research
                    2.1.1.1 Key Industry Insights
           2.1.2 Secondary Data
                    2.1.2.1 List of Major Secondary Sources
                    2.1.2.2 Secondary Sources
           2.1.3 Primary Data
                    2.1.3.1 Primary Interviews With Experts
                    2.1.3.2 Breakdown of Primaries
                    2.1.3.3 Primary Sources
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 34)

4 Premium Insights (Page No. - 40)
    4.1 Attractive Opportunities in Position Sensor Market
    4.2 Market in Europe, By Country and End-User Industry
    4.3 Market, By Application
    4.4 Market, By Type
    4.5 Market, By Contact Type, 2024
    4.6 Market, By Output, 2024
    4.7 Market, By End-User Industry
    4.8 Market, By Country

5 Market Overview (Page No. - 45)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Focus of Manufacturing Industry on Accurate Measurements and Detailed Inspection
                    5.2.1.2 Growing Adoption of Position Sensors in Aviation and Aerospace Industry
                    5.2.1.3 Rising Demand for Position Sensors for Modern Automobiles
           5.2.2 Restraints
                    5.2.2.1 High Cost of Ownership
           5.2.3 Opportunities
                    5.2.3.1 Growing Trend of Industrial Automation
                    5.2.3.2 High Potential for Industrial Robotics Applications
           5.2.4 Challenges
                    5.2.4.1 Lack of Proper Standards to Measure Performance Indicators
    5.3 Value Chain Analysis

6 Market, By Type (Page No. - 53)
    6.1 Introduction
    6.2 Linear Type
           6.2.1 Linear Encoders
                    6.2.1.1 Optical Linear Encoders
                               6.2.1.1.1 Optical Linear Encoders are Most Commonly Used in Industrial Automation Applications
                    6.2.1.2 Magnetic Linear Encoders
                               6.2.1.2.1 Magnetic Linear Encoders are Designed for Harsh Environments in Applications Such as Packaging, Woodworking, Metalworking, Automation, and Assembly Systems
                    6.2.1.3 Inductive Linear Encoders
                               6.2.1.3.1 Inductive Linear Encoders are Non-Contact Encoders That are Suitable for Measuring Linear Displacement of Metallic Objects
                    6.2.1.4 Capacitive Linear Encoders
                               6.2.1.4.1 Capacitive Linear Encoders Offer High Resolution Even at Nanometer Levels
           6.2.2 Linear Variable Differential Transformers
                    6.2.2.1 LVDTs are Highly Accurate Devices for Measuring Linear Displacement Wherein Output is Proportional to Position of Its Movable Core
           6.2.3 Magnetostrictive Sensors
                    6.2.3.1 High Flexibility and Precision, as Well as Low Cost and Maintenance Requirements, are Technical Advantages of Magnetostrictive Position Sensors
           6.2.4 Linear Potentiometers
                    6.2.4.1 Linear Potentiometers are Compact, Inexpensive, Easy to Use, as Well as Consume Less Power
           6.2.5 Laser Position Sensors
                    6.2.5.1 Laser Position Sensors are Useful in High-Speed and Long-Distance Measurement and Monitoring Tasks in Automation, Automotive, and Robotics Applications
    6.3 Rotary Position Sensors
           6.3.1 Rotary Encoders
                    6.3.1.1 Optical Rotary Encoders
                               6.3.1.1.1 Optical Rotary Encoders are Used in Motion Control Systems Owing to Their High Precision and Reliability, Long Lifecycle, and High Resistance to Shocks/Vibrations
                    6.3.1.2 Magnetic Rotary Encoders
                               6.3.1.2.1 Contactless Magnetic Rotary Encoders are Best Suited for High Temperatures and Environments With Extreme Shock, Vibration, and Contamination
                    6.3.1.3 Mechanical Rotary Encoders
                               6.3.1.3.1 Mechanical Rotary Encoders are Widely Used in Transportation Equipment, Avionics, Agricultural, and Construction Equipment
                    6.3.1.4 Capacitive Rotary Encoders
                               6.3.1.4.1 Capacitive Rotary Encoders are Widely Used in Industries Such as Medical, Automotive, Consumer Electronics, and Renewable Energy
           6.3.2 Rotary Potentiometers
                    6.3.2.1 Rotary Potentiometers are Compact, Robust, and Thick-Film Devices
           6.3.3 Rotary Variable Differential Transformers
                    6.3.3.1 RVDTs Provide Long Life and High Position Sensing With Infinite Resolution
           6.3.4 Resolvers
                    6.3.4.1 Use of Resolvers in Harsh Industrial Environments is Driven By Their Design to Sustain Shock Ratings of Up to 200 G and Vibration Ratings of Up to 40 G
    6.4 Overview of Other Major Technologies in Market
           6.4.1 Proximity Sensors
                    6.4.1.1 Ultrasonic Position Sensors
                               6.4.1.1.1 Ultrasonic Position Sensors Detect Presence Or Absence of Target Components Using Ultrasonic Waves Combined With Light and Frequency Reading
           6.4.2 Photoelectric Sensors
                    6.4.2.1 Photoelectric Sensors Use Beams of Light to Detect Whether Object is Present Or Absent
           6.4.3 Displacement Sensors
                    6.4.3.1 Displacement Sensors Can Be Used for Dimension Measurement to Determine Height, Thickness, Width, and Travel Range of Objects
           6.4.4 3D Sensors
                    6.4.4.1 Gesture Recognition, Motion Detection, and Virtual Reality are Important Features of 3D Sensors

7 Market, By Contact Type (Page No. - 70)
    7.1 Introduction
    7.2 Non-Contact Type
           7.2.1 Demand for Contactless Position Sensors is Driven By Their Benefits Such as Ease of Use, Reliable Measurements, Resistance to Contamination, and High Accuracy
    7.3 Contact Type
           7.3.1 Ability to Convert Mechanical Displacement Into Electrical Signals Drives Demand for Contact Position Sensors

8 Market, By Output (Page No. - 75)
    8.1 Introduction
    8.2 Digital Output
           8.2.1 Digital Sensors are Gaining Popularity Because Discrete Signals are Less Susceptible to Potential Interference and Result in Higher Quality and More Reliable Measurement Values and Output
           8.2.2 Merits of Digital Output
           8.2.3 Demerits of Digital Output
    8.3 Analog Output
           8.3.1 Analog Outputs are Necessary Where Digital Electronics Cannot Survive in Environments Such as High Temperature, Pressure, Or Humidity
           8.3.2 Merits of Analog Output
           8.3.3 Demerits of Analog Output

9 Market, By Application (Page No. - 80)
    9.1 Introduction
    9.2 Machine Tools
           9.2.1 Use of Position Sensors in Machine Tools Enables Higher Degree of Automation and Versatility Along With Improved Safety and Energy Efficiency
    9.3 Robotics
           9.3.1 Position Sensors Provide Meaningful Information to Controllers Via Electronic Signals Enabling Robots to Perform Their Tasks
    9.4 Motion Systems
           9.4.1 Position Sensors in Motion Systems are Used to Measure Absolute Or Incremental Displacement
    9.5 Material Handling
           9.5.1 Material Handling Applications Require Position Sensors to Ensure Safe and Controlled Operations
    9.6 Test Equipment
           9.6.1 Automotive, Aerospace, Industrial, and Medical Sectors Use Position Sensors in Test Their Equipment to Achieve High Accuracy and Precision
    9.7 Others
           9.7.1 Inspection and Measurement Systems Equipped With Position Sensors Operate With High Precision and Accuracy Even Under Severe Conditions

10 Market, By End-User Industry (Page No. - 89)
     10.1 Introduction
     10.2 Manufacturing
             10.2.1 Consumer Goods
                       10.2.1.1 Consumer Goods Sector has Witnessed Increase in Demand for Position Sensors to Perform Position Detection and Motion Control Tasks
             10.2.2 Intermediate Goods
                       10.2.2.1 Position Sensors, Including Angular Sensors, Magnetic Sensors, and Linear Hall Effect Sensors, are Suitable for Commutations, Safety, and Monitoring Applications
             10.2.3 Capital Goods
                       10.2.3.1 Capital Goods Industry Use Position Sensors Owing to Their Ability to Withstand Harsher and Corrosive Environments
     10.3 Automotive
             10.3.1 Position Sensors Provide Crucial Information to Engine Control Module for Smooth and Safe Functioning of Vehicles
     10.4 Aerospace
             10.4.1 Commercial and General Aviation
                       10.4.1.1 LVDTs and RVDTs are Used in Commercial Aircraft to Sense Displacement of Aircraft Components
             10.4.2 Military Aircraft
                       10.4.2.1 Position Sensors are Deployed in Military Aircraft Due to Their Ability to Withstand Harsh Environments
             10.4.3 Space Systems
                       10.4.3.1 Magnetic Position Sensors Find Applications in Space Industry Where Mass, Volume, and Power Savings are Crucial Requirements
     10.5 Packaging
             10.5.1 Linear Encoders, Inductive Position Sensors, and Proximity Sensors are Used in Packaging Industry to Enhance Packaging Machine Performance
     10.6 Healthcare
             10.6.1 Healthcare Industry Requires Highly Reliable Position Sensors That Provide Accurate Information to Ensure Patient Safety
     10.7 Electronics
             10.7.1 In Consumer Electronics Industry, Position Sensors are Used in Smartphones, Gaming Consoles, Digital Cameras, and Home Appliances
     10.8 Others
             10.8.1 Other Industries Including Power and Mining Use Linear and Rotary Sensors

11 Geographic Analysis (Page No. - 124)
     11.1 Introduction
     11.2 North America
             11.2.1 US
                       11.2.1.1 US Held Largest Share of Market in North America
             11.2.2 Canada
                       11.2.2.1 Robust Aviation Industry and Prominent Presence of Manufacturing and Automotive Industries are Likely to Increase Demand for Position Sensors in Canada
             11.2.3 Mexico
                       11.2.3.1 Market in Mexico to Grow at the Highest Growth Rate
     11.3 Europe
             11.3.1 Germany
                       11.3.1.1 Germany Held Most Significant Share of Market in Europe in 2018
             11.3.2 France
                       11.3.2.1 Presence of Prominent Automotive, Aerospace & Defence, and Medical Companies are Likely to Drive Demand for Position Sensors
             11.3.3 UK
                       11.3.3.1 Automotive Sector and Industrial Automation are Likely to Propel Demand for Position Sensors in UK
             11.3.4 Italy
                       11.3.4.1 Prominent Automotive Brands are Expected to Incorporate Position and Motion Technologies in Their Automotive Systems
             11.3.5 Rest of Europe
                       11.3.5.1 RoE Expected to Witness Highest CAGR in European Market
     11.4 Asia Pacific
             11.4.1 China
                       11.4.1.1 China Held Largest Share of Market in APAC in 2018
             11.4.2 Japan
                       11.4.2.1 Undergoing Rapid Industrialization and Modernization Expected to Boost Demand for Position Sensors in Country
             11.4.3 India
                       11.4.3.1 Market in India Expected to Witness Highest CAGR in APAC
             11.4.4 South Korea
                       11.4.4.1 Electronics and Automotive Verticals to Drive Demand for Position Sensors in Country
             11.4.5 Rest of APAC
                       11.4.5.1 Availability of Cheap Labor and High Demand for Technologically Advanced and Innovative Products Attract Investments in Electronics Industry, Which Will Contribute to Market Growth
     11.5 Rest of the World
             11.5.1 Middle East and Africa (MEA)
                       11.5.1.1 MEA Held Larger Share of Market in RoW
             11.5.2 South America
                       11.5.2.1 Market in South America Expected to Grow at Higher CAGR in RoW

12 Competitive Landscape (Page No. - 145)
     12.1 Introduction
     12.2 Ranking Analysis of Players in Market
     12.3 Competitive Leadership Mapping
             12.3.1 Visionary Leaders
             12.3.2 Dynamic Differentiators
             12.3.3 Innovators
             12.3.4 Emerging Companies
     12.4 Strength of Product Portfolio (25 Companies)
     12.5 Business Strategy Excellence (25 Companies)
     12.6 Competitive Scenario
             12.6.1 Expansions
             12.6.2 Product Launches and Developments
             12.6.3 Acquisitions
             12.6.4 Partnerships, Collaborations, Alliances, and Joint Ventures

13 Company Profiles (Page No. - 159)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
     13.1 Key Players
             13.1.1 Honeywell
             13.1.2 SICK AG
             13.1.3 AMS AG
             13.1.4 TE Connectivity
             13.1.5 MTS Systems
             13.1.6 Vishay
             13.1.7 Infineon Technologies
             13.1.8 STMicroelectronics
             13.1.9 Bourns
             13.1.10 Allegro MicroSystems
     13.2 Other Companies
             13.2.1 Renishaw
             13.2.2 Heidenhain
             13.2.3 Hans Turck
             13.2.4 Novotechnik
             13.2.5 Siko
             13.2.6 Piher Sensors
             13.2.7 Alliance Sensors
             13.2.8 Hamamatsu Photonics
             13.2.9 Broadcom
             13.2.10 GE Measurement & Control
             13.2.11 Methode Electronics
             13.2.12 IFM Efector

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 202)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Available Customizations
     14.5 Related Reports
     14.6 Author Details


List of Tables (86 Tables)
 
Table 1 Position Sensor Market in Terms of Value and Volume, 2016–2024
Table 2 Market, By Type, 2016–2024 (USD Million)
Table 3 Market, By Type, 2016–2024 (Million Units)
Table 4 Linear Position Sensor Market, By End-User Industry, 2016–2024 (USD Million)
Table 5 Linear Market, By Application, 2016–2024 (USD Million)
Table 6 Linear Market, By Contact Type, 2016–2024 (USD Million)
Table 7 Linear Market, By Output, 2016–2024 (USD Million)
Table 8 Rotary Market, By End-User Industry, 2016–2024 (USD Million)
Table 9 Rotary Market, By Application, 2016–2024 (USD Million)
Table 10 Rotary Market, By Contact Type, 2016–2024 (USD Million)
Table 11 Rotary Market, By Output, 2016–2024 (USD Million)
Table 12 Market, By Contact Type , 2016–2024 (USD Million)
Table 13 Market, By Contact Type, 2016–2024 (Million Units)
Table 14 Non-Contact Market, By Sensor Type, 2016–2024 (USD Million)
Table 15 Contact Market, By Sensor Type, 2016–2024 (USD Million)
Table 16 Market, By Output, 2016–2024 (USD Million)
Table 17 Market, By Output, 2016–2024 (Million Units)
Table 18 Digital Market, By Type, 2016–2024 (USD Million)
Table 19 Analog Market, By Type, 2016–2024 (USD Million)
Table 20 Market, By Application, 2016–2024 (USD Million)
Table 21 Market, By Application, 2016–2024 (Million Units)
Table 22 Market for Machine Tools, By Sensor Type, 2016–2024 (USD Million)
Table 23 Market for Robotics, By Sensor Type, 2016–2024 (USD Million)
Table 24 Market for Motion Systems, By Sensor Type, 2016–2024 (USD Million)
Table 25 Market for Material Handling, By Sensor Type, 2016–2024 (USD Million)
Table 26 Market for Test Equipment, By Sensor Type, 2016–2024 (USD Million)
Table 27 Market for Other Applications, By Sensor Type, 2016–2024 (USD Million)
Table 28 Market, By End-User Industry, 2016–2024 (USD Million)
Table 29 Market, By End-User Industry, 2016–2024 (Million Units)
Table 30 Market for Manufacturing Industry, By Sensor Type, 2016–2024 (USD Million)
Table 31 Market for Manufacturing Industry, By Region, 2016–2024 (USD Million)
Table 32 Market for Manufacturing Industry in APAC, By Country, 2016–2024 (USD Million)
Table 33 Market for Manufacturing Industry in Europe, By Country, 2016–2024 (USD Million)
Table 34 Market for Manufacturing Industry in North America, By Country, 2016–2024 (USD Million)
Table 35 Market for Manufacturing Industry in RoW, By Region, 2016–2024 (USD Million)
Table 36 Market for Automotive Industry, By Sensor Type, 2016–2024 (USD Million)
Table 37 Market for Automotive Industry, By Region, 2016–2024 (USD Million)
Table 38 Market for Automotive Industry in APAC, By Country, 2016–2024 (USD Million)
Table 39 Market for Automotive Industry in Europe, By Country, 2016–2024 (USD Million)
Table 40 Market for Automotive Industry in North America, By Country, 2016–2024 (USD Million)
Table 41 Market for Automotive Industry in RoW, By Region, 2016–2024 (USD Million)
Table 42 Market for Aerospace Industry, By Sensor Type, 2016–2024 (USD Million)
Table 43 Market for Aerospace Industry, By Region, 2016–2024 (USD Million)
Table 44 Market for Aerospace Industry in APAC, By Country, 2016–2024 (USD Million)
Table 45 Market for Aerospace Industry in Europe, By Country, 2016–2024 (USD Million)
Table 46 Market for Aerospace Industry in North America, By Country, 2016–2024 (USD Million)
Table 47 Market for Aerospace Industry in RoW, By Region, 2016–2024 (USD Million)
Table 48 Market for Packaging Industry, By Sensor Type, 2016–2024 (USD Million)
Table 49 Market for Packaging Industry, By Region, 2016–2024 (USD Million)
Table 50 Market for Packaging Industry in APAC, By Country, 2016–2024 (USD Million)
Table 51 Market for Packaging in Europe, By Country, 2016–2024 (USD Million)
Table 52 Market for Packaging Industry in North America, By Country, 2016–2024 (USD Million)
Table 53 Market for Packaging Industry in RoW, By Region, 2016–2024 (USD Million)
Table 54 Market for Healthcare Industry, By Sensor Type, 2016–2024 (USD Million)
Table 55 Market for Healthcare Industry, By Region, 2016–2024 (USD Million)
Table 56 Market for Healthcare Industry in APAC, By Country, 2016–2024 (USD Million)
Table 57 Market for Healthcare Industry in Europe, By Country, 2016–2024 (USD Million)
Table 58 Market for Healthcare Industry in North America, By Country, 2016–2024 (USD Million)
Table 59 Market for Healthcare Industry in RoW, By Region, 2016–2024 (USD Million)
Table 60 Market for Electronics Industry, By Sensor Type, 2016–2024 (USD Million)
Table 61 Market for Electronics Industry, By Region, 2016–2024 (USD Million)
Table 62 Market for Electronics Industry in APAC, By Country, 2016–2024 (USD Million)
Table 63 Market for Electronics Industry in Europe, By Country, 2016–2024 (USD Million)
Table 64 Market for Electronics Industry in North America, By Country, 2016–2024 (USD Million)
Table 65 Market for Electronics Industry in RoW, By Region, 2016–2024 (USD Million)
Table 66 Market for Other Industries, By Sensor Type, 2016–2024 (USD Million)
Table 67 Market for Other Industries, By Region, 2016–2024 (USD Million)
Table 68 Market for Other Industries in APAC, By Country, 2016–2024 (USD Million)
Table 69 Market for Other Industries in Europe, By Country, 2016–2024 (USD Million)
Table 70 Market for Other Industries in North America, By Country, 2016–2024 (USD Million)
Table 71 Market for Other Industries in RoW, By Region, 2016–2024 (USD Million)
Table 72 Market, By Region, 2016–2024 (USD Million )
Table 73 Market, By Region, 2016–2024 (Million Units)
Table 74 Market in North America, By Country, 2016–2024 (USD Million)
Table 75 Market in North America, By End-User Industry, 2016–2024 (USD Million)
Table 76 Market in Europe, By Country, 2016–2024 (USD Million)
Table 77 Market in Europe, By End-User Industry, 2016–2024 (USD Million)
Table 78 Market in APAC, By Country, 2016–2024 (USD Million )
Table 79 Market in APAC, By End-User Industry, 2016–2024 (USD Million )
Table 80 Market in RoW, By Region, 2016–2024 (USD Million )
Table 81 Market in RoW, By End-User Industry, 2016–2024 (USD Million )
Table 82 Top 5 Companies in Position Sensor Market
Table 83 Expansions, 2016–2018
Table 84 Product Launches and Developments, 2017–2019
Table 85 Acquisitions, 2016
Table 86 Partnerships, Collaborations, Alliances, and Joint Ventures, 2017–2018
 
 
List of Figures (63 Figures)
 
Figure 1 Position Sensor Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Assumptions for Research Study
Figure 5 Global Market (USD Million)
Figure 6 Manufacturing Industry Accounted for Largest Share of Market in 2018
Figure 7 Rotary Position Sensors Held Larger Market Share in 2018
Figure 8 Non-Contact Position Sensors Accounted for Larger Market Share in 2018
Figure 9 Machine Tools Held Largest Share of Market, By Application, in 2018
Figure 10 Digital Output Held Larger Share of Market in 2018
Figure 11 Market, By Region, 2018
Figure 12 Increasing Focus of Manufacturing Industry on Accurate Measurements and Detailed Drive Growth of Market
Figure 13 Germany and Manufacturing Industry Held Largest Share of European Market Based on Country and End-User Industry, Respectively, in 2018
Figure 14 Machine Tools Expected to Account for Largest Share of Market Based on Application During 2019–2024
Figure 15 Linear Position Sensors Expected to Exhibit Higher CAGR in Market During 2019–2024
Figure 16 Non-Contact Position Sensors Expected to Capture Larger Share of Market By 2024
Figure 17 Digital Position Sensors are Likely to Account for Larger Share of Market By 2024
Figure 18 Manufacturing Industry Expected to Hold Largest Share of Market By 2024
Figure 19 US Accounted for Largest Share of Market in 2018
Figure 20 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 21 Passengers Travelled Globally Via Air Transport (2000–2017)
Figure 22 Global Electric Cars in Circulation (2013–2017)
Figure 23 Industrial Robots Annual Shipment, By Region, 2012–2017
Figure 24 Value Chain Analysis: Major Value Added During Manufacturing and Assembly Stages
Figure 25 Market for Linear Sensors to Grow at Higher CAGR During Forecast Period
Figure 26 Manufacturing Industry to Account for Largest Size of Linear Market During Forecast Period
Figure 27 Digital Output Expected to Lead Linear Market During Forecast Period
Figure 28 Manufacturing Industry to Hold Largest Size of Rotary Market During Forecast Period
Figure 29 Digital Output to Command Rotary Market During Forecast Period
Figure 30 Non-Contact Position Sensors to Witness Higher CAGR During Forecast Period
Figure 31 Non-Contact Rotary Position Sensors to Account for Larger Market Size By 2024
Figure 32 Digital Output to Continue to Lead Market During Forecast Period
Figure 33 Linear Position Sensors With Digital Output to Exhibit Higher CAGR During Forecast Period
Figure 34 Market for Robotics Applications to Grow at Highest CAGR During Forecast Period
Figure 35 Linear Sensors to Witness Higher CAGR in Market for Machine Tools During Forecast Period
Figure 36 Linear Sensors to Witness Higher CAGR in Market for Material Handling During Forecast Period
Figure 37 Market for the Automotive Industry to Grow at Highest CAGR During Forecast Period
Figure 38 Linear Sensors to Lead Market for Manufacturing Industry During Forecast Period
Figure 39 Germany to Account for Largest Size of European Market for Manufacturing Industry During Forecast Period
Figure 40 Rotary Position Sensors to Account for Larger Size of Market for Automotive Industry During Forecast Period
Figure 41 Germany to Account for Largest Size of European Market for Automotive Industry By 2024
Figure 42 Linear Sensors to Exhibit Higher CAGR in Market for Aerospace Industry During Forecast Period
Figure 43 Germany to Account for Largest Size of European Market for Aerospace Industry By 2024
Figure 44 Linear Sensors to Witness Higher CAGR in Market for Packaging Industry During Forecast Period
Figure 45 Germany to Lead European Market for Packaging Industry, in Terms of Size, During Forecast Period
Figure 46 Linear Sensors to Witness Increasing Demand in Healthcare Industry During Forecast Period
Figure 47 Germany Expected to Continue to Account for Largest Size of European Market for Healthcare Industry During Forecast Period
Figure 48 Linear Market for Electronics Industry to Grow at Higher CAGR During Forecast Period
Figure 49 Germany to Hold Largest Size of European Market for Electronics Industry During Forecast Period
Figure 50 Linear Sensors to Witness Higher CAGR in Market for Other Industries During Forecast Period
Figure 51 Rest of Europe to Exhibit Highest CAGR in European Market for Other Industries During Forecast Period
Figure 52 Geographic Snapshot: Market in India to Grow at Highest CAGR During Forecast Period
Figure 53 APAC to Witness Highest CAGR in Market During Forecast Period
Figure 54 Snapshot of Market in North America
Figure 55 Market in Mexico to Grow at Highest CAGR During Forecast Period
Figure 56 Snapshot of Market in Europe
Figure 57 Market in RoE to Grow at Highest CAGR During Forecast Period
Figure 58 Snapshot of Market in APAC
Figure 59 Market in India to Witness Highest CAGR During Forecast Period
Figure 60 Market in South America to Grow at Higher CAGR During Forecast Period
Figure 61 Major Players in Market Adopted Product Launches as Key Growth Strategy From 2016 to 2018
Figure 62 Market (Global) Competitive Leadership Mapping, 2018
Figure 63 Market Evolution Framework: Product Launches, Followed By Expansions, Fuelled Market Growth (2016–2018)

The study involved 4 major activities in estimating the size of the position sensor market. Exhaustive secondary research has been done to collect information on the market, the peer market, and the parent market. To validate these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.

Secondary Research

The research methodology used to estimate and forecast the position sensor market begins with capturing data on revenues of key vendors in the market through secondary research. This study incorporates extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource) to identify and collect information useful for a technical, market-oriented, and commercial study of the position sensor market. Vendor offerings have also been taken into consideration to determine market segmentations. The entire research methodology includes studying annual reports, press releases, and investor presentations of companies; white papers; and certified publications and articles from recognized authors, directories, and databases.

Primary Research

The position sensor market comprises several stakeholders, such as suppliers of standard components and original equipment manufacturers (OEMs). The demand side of this market is characterized by the development of manufacturing, automotive, aerospace, packaging, healthcare, electronics, and other end-user verticals. The supply side is characterized by advancements in types of position sensors and diverse applications. Various primary sources from both the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.

Position Sensor Market

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

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the position sensor market and its subsegments. The research methodology used to estimate the market size includes the following:

  • Key players in the market have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the estimation processes explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends in both the demand and supply sides of the position sensor market.

Research Objective

  • To describe and forecast the position sensor market, by type, contact type, output, application, end-user, and region, in terms of value and volume
  • To describe and forecast the market, by region—Asia Pacific (APAC), Europe, North America, and Rest of the World (RoW), along with their respective countries, in terms of value and volume
  • To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To study the complete value chain of the market
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the position sensor ecosystem
  • To strategically profile key players and comprehensively analyze their market positions in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
  • To analyze strategic approaches such as product launches, acquisitions, contracts, agreements, and partnerships in the position sensor market

Available Customizations:

Along with the 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 5)

Critical Questions

  • What new application areas are position sensor providers exploring?
  • Who are the key market players, and how intense is the competition?
Report Code
SE 4190
Published ON
Jun, 2019
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