Position Sensor Market by Type (Linear and Rotary), Contact Type (Contact and Non-Contact) Output (Analog and Digital), Application (Machine Tools, Robotics, Motion Systems, Material Handling), Industry, and Geography - Global Forecast to 2022

The position sensor market is expected to reach USD 5.98 Billion by 2022, at a CAGR of 6.27% between 2017 and 2022. This report provides the market size and future growth potential of the market across different segments such as type, contact type, output, application, industry, and geography. The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and industry-specific challenges for the market. It also profiles the key players operating in the market. The growth of this market is propelled by the increasing demand for measurement and inspection applications in the manufacturing industry and growing demand of position sensors in manufacturing of high-tech aerospace and military equipment. The base year considered for the study is 2016 and the market size forecast is provided for the period between 2017 and 2022.

The research methodology used to estimate and forecast the position sensor market begins with capturing data on key vendor revenues through secondary research. Some of the secondary sources include associations such as Center for Advanced Sensor Technologies, International Frequency Sensor Association (IFSA, Spain), Semiconductor Equipment and Materials International (SEMI, US).The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the size of the overall market from the revenue of the 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 primary research by conducting extensive interviews with key experts such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown 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 the profiles of primary respondents is depicted in the following figure:

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

The position sensor market ecosystem includes research design and development institutions such as Carnegie Mellon University (The Robotics Institute, US), Institute of Microtechnology (Braunschweig, Germany), and Institute of Electrical and Electronics Engineers (IEEE); raw material suppliers and other component providers; OEMs such as ams AG (Germany), Honeywell International, Inc. (US), 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), Bourns, Inc. (US), and Dr. Johannes Heidenhain GmbH (Germany).

Key Target Audience

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

Scope of the Report

The position sensor market, in terms of type, contact type, output, application, industry, and geography has been covered in detail in this report. To provide a holistic picture, the current market demand and forecasts have also been included in the report. The sensor market has been segmented as follows:

By Type:

• Linear Position Sensor
  • Linear Encoder
    • Optical Linear Encoder
    • Magnetic Linear Encoder
    • Inductive Linear Encoder
    • Capacitive Linear Encoder
  • Linear Variable Differential Transformer (LVDT)
  • Magnetostrictive Sensor
  • Linear Potentiometer
  • Laser Position Sensor
• Rotary Position Sensor
  • Rotary Encoder
    • Optical Rotary Encoder
    • Magnetic Rotary Encoder
    • Mechanical Rotary Encoder
    • Capacitive Rotary Encoder
  • Rotary Potentiometer
  • Rotary Variable Differential Transformer (RVDT)
  • Resolver

By Contact Type

• Contact
• Non-Contact

By Output

• Analog
• Digital            

By Application:

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

By Industry

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

Region:

• North America
• Europe
• Asia Pacific (APAC)
• Rest of the World (RoW) (South America and the Middle East and Africa)

Available Customizations

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

• Market size for 2019 and 2021 for segments such as type, contact type, output, industry, application, and geography.
• Company information: Detailed analysis and profiling of additional five market players.

Table of Contents

1 Introduction (Page No. - 18)
    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 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 22)
    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
                    2.2.1.1 Revenue of Companies in the Position Sensor Market
                    2.2.1.2 Analysis of Asps for the Position Sensors
                    2.2.1.3 Shipments Analysis for Position Sensors
           2.2.2 Top-Down Approach
                    2.2.2.1 Estimating Value and Volume From Secondary Treasures
                    2.2.2.2 Validating Derived Results With Companies’ Revenue and Primaries
                    2.2.2.3 Mapping Segment-I With the Remaining Segments Individually Through the ‘Water-Fall Model’
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 33)

4 Premium Insights – Position Sensor Market (Page No. - 39)
    4.1 Attractive Growth Opportunities for the Market
    4.2 Market for Key Applications (2017–2022)
    4.3 Market, By Industry and Region – (2017–2022)
    4.4 Market, By Region (2017–2022)
    4.5 Market, By Type (2017–2022)
    4.6 Market, By Output (2017–2022)
    4.7 Position Sensor, By Contact Type (2017-2022)

5 Market Overview (Page No. - 44)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Emphasis on Measurement and Inspection in the Manufacturing Industry
                    5.2.1.2 Growing Adoption of Position Sensors in the Aviation and Aerospace Industry
                    5.2.1.3 Amalgamation of Position Sensors in Modern Automobiles
           5.2.2 Restraints
                    5.2.2.1 High Prices of Components and Raw Materials Could Affect the Profitability of Position Sensors
           5.2.3 Opportunities
                    5.2.3.1 Growing Trend in Industrial Automation
                    5.2.3.2 High Potential for Industrial Robotics Application
           5.2.4 Challenges
                    5.2.4.1 Lack of Proper Standards to Measure Performance Indicators

6 Industry Trends (Page No. - 50)
    6.1 Introduction
    6.2 Value Chain Analysis
           6.2.1 Core Industry Segments
                    6.2.1.1 Research and Development Institutions
                    6.2.1.2 Manufacturing and Assembly
                    6.2.1.3 Distribution and Marketing & Sales
                    6.2.1.4 Applications
                    6.2.1.5 Post-Sales Services
    6.3 Key Industry Trends in the Position Sensor Market
    6.4 Patent Analysis
           6.4.1 Introduction
           6.4.2 Patent Analysis of Position Sensors, By Company
           6.4.3 Patent Analysis of Position Sensors, By Region

7 Position Sensor Market, By Type (Page No. - 55)
    7.1 Introduction
    7.2 Linear Position Sensor
           7.2.1 Linear Encoders
                    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 Overview of Other Major Technologies in the Market
           7.4.1 Proximity Sensors
                    7.4.1.1 Ultrasonic Position Sensor
           7.4.2 Photoelectric Sensors
           7.4.3 Displacement Sensors
           7.4.4 3d Sensors

8 Position Sensor Market, By Contact Type (Page No. - 72)
    8.1 Introduction
    8.2 Contact
           8.2.1 Contact Sensor is A Conventional Sensing Technology
    8.3 Non-Contact
           8.3.1 Non-Contact Sensors Replacing Contact Sensors

9 Position Sensor Market, By Output (Page No. - 79)
    9.1 Introduction
    9.2 Analog
           9.2.1 Merits of Analog Output
           9.2.2 Demerits of Analog Output
    9.3 Digital
           9.3.1 Merits of Digital Output
           9.3.2 Demerits of Digital Output

10 Position Sensor Market, By Application (Page No. - 85)
     10.1 Introduction
     10.2 Test Equipment
     10.3 Material Handling
     10.4 Machine Tools
     10.5 Motion Systems
     10.6 Robotics
     10.7 Others

11 Position Sensor Market, By Industry (Page No. - 97)
     11.1 Introduction
     11.2 Automotive
     11.3 Aerospace
     11.4 Consumer Electronics
     11.5 Healthcare
     11.6 Manufacturing
     11.7 Packaging
     11.8 Others

12 Geographic Analysis (Page No. - 113)
     12.1 Introduction
     12.2 North America
             12.2.1 Us
             12.2.2 Canada
             12.2.3 Mexico
     12.3 Europe
             12.3.1 Uk
             12.3.2 Germany
             12.3.3 France
             12.3.4 Italy
             12.3.5 Rest of Europe
     12.4 Asia Pacific
             12.4.1 China
             12.4.2 Japan
             12.4.3 India
             12.4.4 South Korea
             12.4.5 Rest of APAC
     12.5 Rest of the World
             12.5.1 South America
             12.5.2 Middle East & Africa

13 Competitive Landscape (Page No. - 129)
     13.1 Overview
     13.2 Key Players in Sensor Market
     13.3 Dive Chart Analysis: Vendor Assessment of Market
             13.3.1 Vanguards
             13.3.2 Dynamic
             13.3.3 Innovator
             13.3.4 Emerging
     13.4 Overview: Dive Analysis
     13.5 Business Strategy
     13.6 Product Offerings

*Top 25 Companies Analysed for This Study Are- Honeywell International Inc.; TE Connectivity Ltd.; AMS AG; MTS Systems Corporation; Renishaw PLC.; Vishay Intertechnology, Inc.; Panasonic Corporation; Infineon Technologies AG.; Stmicroelectronics N.V.; Qualcomm Technologies, Inc.; Allegro Microsystems, LLC; Bourns Inc.; Dr. Johannes Heidenhain GmbH; Hans Turck GmbH Co. Kg; Novotechnik Messwertaufnehmer Ohg; Siko GmbH; Sensata Technologies; Piher Sensors & Controls; Zettlex Uk Ltd; Variohm Eurosensor Ltd; Hella KGaA Hueck & Co.; Alliance Sensor Group; Positek Ltd; Netzer Precision; and Posital Fraba

14 Company Profiles (Page No. - 136)
     14.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, MnM View)*
     14.2 AMS AG
     14.3 Honeywell International, Inc.
     14.4 MTS Systems Corporation
     14.5 Renishaw PLC.
     14.6 TE Connectivity Ltd.
     14.7 Vishay Intertechnology, Inc.
     14.8 Panasonic Corporation
     14.9 Infineon Technologies AG.
     14.10 Stmicroelectronics N.V.
     14.11 Qualcomm Technologies, Inc.
     14.12 Allegro Microsystems, LLC
     14.13 Bourns, Inc.
     14.14 Dr. Johannes Heidenhain GmbH
     14.15 Key Innovators
             14.15.1 Hans Turck GmbH & Co. Kg
             14.15.2 Novotechnik Messwertaufnehmer Ohg
             14.15.3 Siko GmbH

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 181)
     15.1 Insights of Industry Experts
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Introducing RT: Real-Time Market Intelligence
     15.5 Available Customizations
     15.6 Related Reports
     15.7 Author Details

List of Tables (70 Tables)

Table 1 Position Sensor Market (2014–2022)
Table 2 Position Sensor, By Type, 2014–2022 (USD Million)
Table 3 Position Sensor, By Type, 2014–2022 (Million Units)
Table 4 Linear Position Sensor, By Type, 2014–2022 (USD Million)
Table 5 Linear Position Sensor Market, By Contact Type, 2014–2022 (USD Million)
Table 6 Linear Position Sensor, By Output, 2014–2022 (USD Million)
Table 7 Linear Position Sensor Market, By Application, 2014–2022 (USD Million)
Table 8 Linear Position Sensor Market, By Region, 2014–2022 (USD Million)
Table 9 Linear Position Sensor, By Industry, 2014–2022 (USD Million)
Table 10 Rotary Position Sensor Market, By Type, 2014–2022 (USD Million)
Table 11 Rotary Position Sensor Market, By Contact Type, 2014–2022 (USD Million)
Table 12 Rotary Position Sensor, By Output, 2014–2022 (USD Million)
Table 13 Rotary Position Sensor Market, By Application, 2014–2022 (USD Million)
Table 14 Rotary Position Sensor Market, By Industry, 2014–2022 (USD Million)
Table 15 Rotary Position Sensor Market, By Region, 2014–2022 (USD Million)
Table 16 Position Sensor, By Contact Type, 2014–2022 (USD Million)
Table 17 Position Sensor Market for Contact Type, By Type, 2014–2022 (USD Million)
Table 18 Position Sensor Market for Contact Type, By Industry, 2014–2022 (USD Million)
Table 19 Position Sensor Market for Non-Contact Type, By Type, 2014–2022 (USD Million)
Table 20 Position Sensor Market for Non-Contact Type, By Industry, 2014–2022 (USD Million)
Table 21 Position Sensor Market, By Output, 2014–2022 (USD Million)
Table 22 Position Sensor for Analog Output, By Type, 2014–2022 (USD Million)
Table 23 Position Sensor Market for Analog Output, By Application, 2014–2022 (USD Million)
Table 24 Position Sensor Market for Digital Output, By Type, 2014–2022 (USD Million)
Table 25 Position Sensor Market for Digital Output, By Application, 2014–2022 (USD Million)
Table 26 Position Sensor, By Application, 2014–2022 (USD Million)
Table 27 Position Sensor Market for Test Equipment Application, By Type, 2014–2022 (USD Million)
Table 28 Position Sensor Market for Test Equipment Application, By Output, 2014–2022 (USD Million)
Table 29 Position Sensor Market for Material Handling Application, By Type, 2014–2022 (USD Million)
Table 30 Position Sensor for Material Handling Application, By Output, 2014–2022 (USD Million)
Table 31 Position Sensor Market for Machine Tools Application, By Type, 2014–2022 (USD Million)
Table 32 Position Sensor Market for Machine Tools Application, By Output, 2014–2022 (USD Million)
Table 33 Position Sensor Market for Motion Systems Application, By Type, 2014–2022 (USD Million)
Table 34 Position Sensor Market for Motion Systems Application, By Output, 2014–2022 (USD Million)
Table 35 Position Sensor for Robotics Application, By Type, 2014–2022 (USD Million)
Table 36 Position Sensor Market for Robotics Application, By Output, 2014–2022 (USD Million)
Table 37 Position Sensor Market for Others Application, By Type, 2014–2022 (USD Million)
Table 38 Position Sensor for Others Application, By Output, 2014–2022 (USD Million)
Table 39 Position Sensor Market, By Industry, 2014–2022 (USD Million)
Table 40 Position Sensor Market for Automotive Industry, By Type, 2014–2022 (USD Million)
Table 41 Position Sensor for Automotive Industry, By Contact Type, 2014–2022 (USD Million
Table 42 Position Sensor for Automotive Industry, By Region, 2014–2022 (USD Million)
Table 43 Position Sensor Market for Aerospace Industry, By Type, 2014–2022 (USD Million)
Table 44 Position Sensor for Aerospace Industry, By Contact Type, 2014–2022 (USD Million)
Table 45 Position Sensor for Aerospace Industry, By Region, 2014–2022 (USD Million)
Table 46 Position Sensor Market for Consumer Electronics Industry, By Type, 2014–2022 (USD Million)
Table 47 Position Sensor for Consumer Electronics Industry, By Contact Type, 2014–2022 (USD Million)
Table 48 Position Sensor for Consumer Electronics Industry, By Region, 2014–2022 (USD Million)
Table 49 Position Sensor Market for Healthcare Industry, By Type, 2014–2022 (USD Million)
Table 50 Position Sensor for Healthcare Industry, By Contact Type, 2014–2022 (USD Million)
Table 51 Position Sensor for Healthcare Industry, By Region, 2014–2022 (USD Million)
Table 52 Position Sensor Market for Manufacturing Industry, By Type, 2014–2022 (USD Million)
Table 53 Position Sensor for Manufacturing Industry, By Contact Type, 2014–2022 (USD Million)
Table 54 Position Sensor for Manufacturing Industry, By Region, 2014–2022 (USD Million)
Table 55 Position Sensor Market for Packaging Industry, By Type, 2014–2022 (USD Million)
Table 56 Position Sensor for Packaging Industry, By Contact Type, 2014–2022 (USD Million)
Table 57 Position Sensor for Packaging Industry, By Region, 2014–2022 (USD Million)
Table 58 Position Sensor Market for Others Industry, By Type, 2014–2022 (USD Million)
Table 59 Position Sensor for Others Industry, By Contact Type, 2014–2022 (USD Million)
Table 60 Position Sensor for Others Industry, By Region, 2014–2022 (USD Million)
Table 61 Position Sensor Market, By Region, 2014–2022 (USD Million)
Table 62 Position Sensor Market in North America, By Country, 2014–2022 (USD Million)
Table 63 Position Sensor in North America, By Industry, 2014–2022 (USD Million)
Table 64 Position Sensor Market in Europe, By Country, 2014–2022 (USD Million)
Table 65 Position Sensor in Europe, By Industry, 2014–2022 (USD Million)
Table 66 Position Sensor Market in APAC, By Country, 2014–2022 (USD Million)
Table 67 Position Sensor in APAC, By Industry, 2014–2022 (USD Million)
Table 68 Position Sensor Market in RoW, By Region, 2014–2022 (USD Million)
Table 69 Position Sensor in RoW, By Industry, 2014–2022 (USD Million)
Table 70 Top 5 Players in Position Sensor Market, 2016

List of Figures (61 Figures)

Figure 1 Market Segmentation
Figure 2 Research Flow
Figure 3 Position Sensor : Research Design
Figure 4 Data Triangulation
Figure 5 Assumptions of the Research Study
Figure 6 Position Sensor Market (2014–2022)
Figure 7 Rotary Position Sensor Likely to Witness Highest Growth Rate Between 2017 and 2022
Figure 8 Machine Tools Application Expected to Account for the Largest Market Size During the Forecast Period
Figure 9 Automotive Industry Expected to Grow at the Highest Rate During the Forecast Period
Figure 10 APAC Expected to Hold the Largest Size of the Sensor Market in 2017
Figure 11 Increasing Demand for Automotive and Aviation and Aerospace Industry to Drive the Growth of the Market Between 2017 and 2022
Figure 12 Machine Tools Expected to Hold the Largest Size of the Market By 2022
Figure 13 Asia Pacific Holds the Largest Share of the Market in 2017
Figure 14 China and Us Expected to Account for the Largest Share of the Market During the Forecast Period
Figure 15 Market for Rotary Position Sensor Expected to Grow at A Higher Rate During the Forecast Period
Figure 16 Position Sensor for Digital Output is Expected to Grow at the Highest Rate Between 2017 and 2022
Figure 17 Position Sensor for Non-Contact Type is Expected to Grow at the Highest Rate Between 2017 and 2022
Figure 18 Strong Demand From Manufacturing Industry Expected to Propel the Growth of the Position Sensor Market
Figure 19 Value Chain Analysis of the Market (2016)
Figure 20 Landscape for Non-Contacting Position Sensors Continues to Evolve Rapidly
Figure 21 Panasonic Corporation Published Most Patents Among the Profiled Companies for Position Sensors and Allied Products/Technologies (2011–2017)
Figure 22 Majority of Patents for Position Sensors and Allied Products/Technologies Were Published in North America During 2011–2017
Figure 23 Rotary Position Sensors is Expected to Grow at A High Rate Between 2017 and 2022
Figure 24 Encoders Expected to Hold the Largest Share of the Linear Position Sensor in 2017
Figure 25 APAC Region Expected to Grow at A High Rate in the Linear Position Sensor Between 2017 and 2022
Figure 26 RVDT Holds the Highest Market Share for Rotary Position Sensors During the Forecast Period
Figure 27 Automotive Industry Expected to Lead the Rotary Position Sensor Between 2017 and 2022
Figure 28 APAC Region Expected to Grow at the Highest Rate During the Forecast Period
Figure 29 Non-Contact Position Sensors are Expected to Lead the Position Sensor Market During the Forecast Period
Figure 30 Healthcare Industry Expected to Grow at the Highest Rate in Contact Type Position Sensor Market During the Forecast Period
Figure 31 Position Sensor Market for Non-Contact Type, By Industry, 2014–2022 (USD Million)
Figure 32 Position Sensors With Digital Output Expected to Lead the Overall Market Between 2017 and 2022
Figure 33 Machine Tools Application Expected to Hold the Largest Size of the Analog Position Sensor Market During the Forecast Period
Figure 34 Robotics Application Expected to Grow at the Highest Rate Between 2017 and 2022
Figure 35 Machine Tools Application Expected to Hold A Major Market Size During the Forecast Period
Figure 36 Digital Position Sensor Expected to Hold A Major Size for Material Handling Application Between 2017 and 2022
Figure 37 Rotary Position Sensor Expected to Grow at the Highest Rate for Motion Systems Application During the Forecast Period
Figure 38 Digital Output in Others Application Expected to Hold A Major Size Between 2017 and 2022
Figure 39 Automotive Application Expected to Grow at the Highest Rate in Overall Position Sensor Market Between 2017 and 2022
Figure 40 APAC Expected to Hold A Major Size of Position Sensor Market for Aerospace Industry Between 2017 and 2022
Figure 41 Rotary Position Sensor Expected to Grow at the Highest Rate in the Manufacturing Industry During the Forecast Period
Figure 42 APAC Region Expected to Hold A Major Size in Position Sensor Market for Packaging Industry Between 2017 and 2022
Figure 43 Geographic Snapshot (2017): Rapidly Growing Countries, Such as India and China, are Emerging as Potential New Markets
Figure 44 Snapshot of Market in North America
Figure 45 Snapshot of Market in Europe
Figure 46 Packaging Industry Expected to Grow at the Highest Rate in Position Sensor Market in Europe Between 2017 and 2022
Figure 47 Snapshot of Market in Asia Pacific
Figure 48 Manufacturing Industry Expected to Lead the Position Sensors Market in RoW Between 2017 and 2022
Figure 49 Companies Adopted New Product Development as the Key Growth Strategy Between 2014 and 2017
Figure 50 Dive Chart
Figure 51 Geographic Revenue Mix of Top Players in the Position Sensor Market
Figure 52 AMS AG.: Company Snapshot
Figure 53 Honeywell International Inc.: Company Snapshot
Figure 54 MTS Systems Corporation: Company Snapshot
Figure 55 Renishaw PLC: Company Snapshot
Figure 56 TE Connectivity Ltd.: Company Snapshot
Figure 57 Vishay Intertechnology, Inc.: Company Snapshot
Figure 58 Panasonic Corporation: Company Snapshot
Figure 59 Infineon Technologies AG: Company Snapshot
Figure 60 Stmicroelectronics N.V.: Company Snapshot
Figure 61 Qualcomm Technologies, Inc.: Company Snapshot

According to MarketsandMarkets’ forecast, the position sensor market is expected to reach USD 5.98 Billion by 2022, at a CAGR of 6.27% between 2017 and 2022. The growth of this market is propelled by the increasing investment in manufacturing infrastructure, integration of position sensors in modern automobiles, and growing adoption of position sensors in the aerospace industry. The market is further driven by the growing trend in industrial automation and robotics application.

This report covers the position sensor market based on type, contact type, output, industry, application, and geography. In terms of application, robotics is expected to grow at the highest rate during the forecast period. Position sensors play an essential part in robotic construction. They are used to obtain the position feedback of the moving arm as well as the wheel of a robot, thereby improving the efficiency and reducing errors during its operation. Moreover, with a significant rise in the adoption of robotics in various industries, the demand for these sensors has been growing further.

The position sensor market for the automotive application is expected to grow at the highest rate between 2017 and 2022. Position sensors play an essential role in many parts of a high-tech or branded automobile. Position sensor finds its application in areas such as the body, powertrains as well as safety of the vehicle. Moreover, the growth of the automotive electronic control systems (ECS) due to the rising importance of safety and driver convenience feature is expected to significantly propel the demand for position sensors, thereby driving the growth of this market. Moreover, the market for automotive applications is witnessing an increasing demand across major regions such as APAC and Europe, thus this market is likely to grow with the highest rate between 2017 and 2022.

The position sensor market in Asia Pacific (APAC) is expected to hold the major share between 2017 and 2022. APAC is the major hub for most of the established markets such as consumer electronics and automotive. The investment in these sectors in countries such as India, China, South Korea, and Japan has been on a rise. China being a global manufacturing hub holds an immense potential for the growth of the manufacturing industry. The increase in industrial automation is fueling the growth of the market in China. Hence, the APAC market would continue to hold the largest share and highest growth for the studied market.

The major challenge for the companies is deficient procedures to measure performance standards of position sensors in the studied market. The major manufacturing players in the position sensor market are ams AG (Germany), Honeywell International, Inc. (US), 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), Bourns Inc. (US), and Dr. Johannes Heidenhain GmbH (Germany).

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