Position Sensor Market

Position Sensor Market with COVID-19 Impact Analysis by Type (Linear and Rotary), Application (Machine Tools, Robotics, Motion Systems, Material Handling, TEST Equipment), Contact Type, Output, End-User Industry, and Geography - Global Forecast to 2025

Report Code: SE 4190 Aug, 2020, by marketsandmarkets.com

[244 Pages Report] This market is expected to reach from USD 4.7 billion in 2020 to USD 7.3 billion by 2025, at a CAGR of 9.2%. The position sensor is primarily used to measure the distance travelled by an object from its reference position. The output is often given as feedback to the control system to take desired actions. A linear position sensor is used to measure the movement of an object along a straight line, while a rotary position sensor is used to measure the angular movement of an object.

Position Sensor Market

Position Sensor Market Forecast to 2025

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These two types of position sensors work on different principles and have diverse applications. Rotary position sensors measure the rotational or angular movement of an object used in robotics, test and measurement equipment, medical equipment, as well as small engines, which has contributed to the leading position of this segment in the market. With advancements in technologies in various industries, application areas for position sensors are on the rise. Position sensors, such as encoders, potentiometers, and resolvers, are widely used in robotics for sensing and controlling the position of robots, which will lead to the highest growth rate of robotics application segment in the coming years.

Position Sensor Market Dynamics:

Driver: Increasing focus of manufacturing industry on accurate measurements and detailed inspection

The manufacturing industry requires a high degree of accuracy to comply with industry standards. Manufacturers focus on two important parameters to produce high-quality products: the accuracy of measurements and detailed inspection. Profiling, width, height, step, gap, V-gap, edge, angle, bend, groove, and surface are among a few of the crucial parameters that a position sensor measures. These sensors also detect, measure, and evaluate the profiles on different object surfaces and are suitable for various industrial applications, including HVAC systems, transportation systems, industrial equipment, mobile hydraulics, smart buildings, heavy-duty machinery, and construction equipment. Many measurement tasks become easier when the position sensor is integrated with the analytics software. Thus, the position sensor is useful where displacement, distance, length, or position parameters need to be measured for automating, testing, or monitoring processes. Currently, contactless position sensors performing automatic scanning are available to facilitate the exact fault finding. The rising requirements for accurate measurements and detailed inspection activities in the manufacturing industry drive the demand for position sensors. The most common types of position sensors used in the manufacturing industry include LVDT position sensors, magneto strictive position sensors, capacitive position sensors, and encoders.

Restraint: High cost of ownership

A position sensor is manufactured/assembled using numerous components, such as position magnets, sensing rods, electronics housing fixtures, diagnostic light-emitting diodes (LEDs), and connectors, which are supplied by multiple vendors. Profitability primarily depends on the availability and cost of raw materials and components, as well as on the time taken to launch the product on the market. The major challenge for the companies operating in this segment is to increase their manufacturing capabilities, provide improved quality products, as well as reduce the overall cost of production.

Position sensors could be custom-made as they are designed according to the requirements of the end users. The specification for these sensors varies according to every application, thereby increasing the cost of a sensor. However, OEMs expect that the sensor manufacturers provide the best possible technology at a lower cost. This factor increases the pricing pressure on the position sensor manufacturers, thereby reducing their profits.

Opportunity: Accelerated trend of industrial automation

With the rapid adoption of advanced technologies, such as Industry 4.0, manufacturers are inclined toward the automation of industrial processes. According to the International Federation of Robotics (IFR), nearly 422 thousand units of industrial robots were shipped globally in FY 2018. Moreover, according to Organization Internationale des Constructeurs d'Automobiles (OICA), the global sale of automotive vehicles increased from seventy-five million in FY 2010 to 91 million in FY 2019. Therefore, manufacturers from different regions across various industries are investing primarily in improving their manufacturing infrastructure by using fully automated machine tools, which, in turn, encourages the rapid growth in the demand for position sensors. Manufacturers are seeking automation in their production process as a solution to reduce the labor pool and high wages, as well as boost productivity. Moreover, automated machinery offers benefits such as high-speed, efficiency, and lower process time than traditional machinery. Accelerated production speed can lead to dynamic errors, such as placing them inappropriately on the assembly line, thereby hampering the quality of finished products, which makes position sensors an integral part of the automated machinery. Position sensors provide precision and control during the production process, along with high accuracy and reliability under various operational and environmental conditions. Position sensors ensure proper machine operations. Thus, the drift toward industrial automation is likely to provide growth opportunities to the position sensor market.

Challenge: Lack of proper standards to measure performance indicators

Defining a standard for a particular technology/component and developing these standards is a rigid process. Currently, terms such as precision, non-linearity, accuracy, and resolutions have not been precisely defined, and they vary widely across manufacturers and researchers. Moreover, the design and fit of position sensors change from application to application. Most of the key players in the industry have their own approach for constructing these sensors. Hence, the lack of universal standards makes it difficult to predict the performance of a position sensor from a set of specifications. This factor is also hampering the adoption of position sensors in various applications because OEMs cannot use these sensors interchangeably for multiple applications. Moreover, the lack of standards and the absence of adequate value proposition may discourage further investments in this market. Currently, the emphasis is on improving sensor design and standardizing the performance scale. Proper standardizing would help manufacturers to develop new products, which would comply and fulfill emerging demand for position sensors across several applications.

Position Sensor Market Segment Insights:

Position Sensor Market

Non-contact position sensors segment to dominate the position sensor market during forecast period

Contactless or non-contact position sensors are likely to continue to lead the position sensor market both in terms of market size and growth rate during the forecast period from 2020 to 2025. The market for non-contact position sensors was valued at USD 4,665 million in 2019 and is projected to reach USD 6,841 million by 2025; it is expected to grow at a higher CAGR of 9.4% during the forecast period. Non-contact technology offers ease of use, reliable measurements, resistance to contamination, and high accuracy to end users. Contactless position sensors have a longer lifespan and are capable of higher resolution than sensors using contact technology. Moreover, non-contact position sensors come in a wide range of sizes, shapes, and measurement principles and can be used in varieties of applications, from automotive to industrial to consumer electronics owing to which contactless position sensors are expected to continue to account for the leading position in this market.

Regional Insights:

Europe to account for the largest size of the overall Position Sensor System Market during forecast period

Europe held the largest share of ~40% of the position sensor market in 2019 and is expected to retain its position as the largest during the forecast period from 2020 to 2025. The market in Europe is expected to grow at a CAGR of 8.2% from 2020 to 2025. Germany, the UK, France, and Italy are the major contributors to the growth of the position sensor market in Europe. Europe has a strong industrial base and is globally recognized for its outstanding engineering capabilities, quality workforce, and R&D activities. The presence of prominent automotive, aerospace & defense, and medical companies in the region, such as Volkswagen (Germany), Daimler (Germany), Airbus (Netherlands), Dassault Aviation (France), and Novartis (Switzerland), is expected to support the growing demand for laser products and solutions. Key companies in the Europe that offers position sensors include Renishaw (UK), TE Connectivity (Switzerland), DR. JOHANNES HEIDENHAIN (Germany), ams AG (Austria), Infineon Technologies (Germany), and STMicroelectronics (Switzerland). These key players are taking initiatives to launch advanced position sensors to meet the rising demand from end users. All these factors would propel the position sensor market growth in Europe.

Position Sensor Market  by Region

Position Sensor Market by Region

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Key Market Players:

Some of the Major players in the Position Sensor Market are Honeywell (US), SICK AG (Germany), ams AG (Austria), TE Connectivity (Switzerland), MTS Systems (US), Vishay (US), Infineon Technologies (Germany), STMicroelectronics (Switzerland), Bourns (US), Allegro MicroSystems (US), and so on.

Honeywell (US):

In 2019, Honeywell stood first in the global position sensor market, primarily due to its product portfolio, R&D investments, market penetration, and geographic reach. Honeywell is one of the leading companies providing sensing technologies. It has a strong presence in the position sensor market. The company offers 5 major types of position sensors, namely, potentiometers, magnetic position sensors, resolvers, mechanical and optical encoders, proximity sensors, and aerospace position sensors. Honeywell has a presence in regions such as Asia Pacific (APAC), Europe, North America, South America, and the Middle East and Africa. The company has its operations at about 970 sites in over 70 countries. Honeywell Safety Products Europe SAS (France), Honeywell Japan Inc. (US), Honeywell Technology Solutions Lab Pvt. Ltd. (India), Life Safety Distribution AG (Switzerland), Honeywell Korea Ltd. (South Korea), and Honeywell Ltd. (Australia) are among a few of its major subsidiaries.

Product launch is the key strategy adopted by the company to grow in the market. For instance, in August 2017, the company launched the IHM series of proximity sensors, specifically designed for the aerospace industry, to improve the performance of aircraft systems and reduce 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.

Honeywell also focuses on expansion to enhance its market presence. For instance, in September 2016, the company opened a new software center in the US for its home and building technologies. Additionally, in May 2016, the company invested USD 100 million to expand its R&D facility and regional headquarters in China. The company invests a significant amount in R&D activities. For 2019, 2018, and 2017, the company invested USD 1.56 billion, USD 1.81 billion, and USD 1.84 billion, respectively, in R&D. This huge investment in R&D is explicitly made for designing innovative products to fulfill customer needs and explore new opportunities in the market to drive its growth and profitability. The presence of Honeywell in multiple industries, such as construction, retail, manufacturing, automotive, healthcare, and chemicals, signifies the broad application areas and capabilities of its offerings, along with explaining its image as a diversified company.

TE Connectivity (Switzerland):

In 2019, TE Connectivity ranked second in the global position sensor market. TE Connectivity offers a diversified product portfolio through its operating business segments. The company has established its presence globally with a business portfolio of market-leading connectivity solutions and sensors that provide the company with a significant competitive advantage. The company’s global presence of production facilities helps it to reduce costs and increase margins. The company’s position sensor portfolio includes linear and rotary position sensors, magnetic sensors, and encoders, among others, along with digital component sensors. These products find a wide range of applications in industries, such as aerospace, automotive, and defense & military. This robust product portfolio in the position sensor market provides significant growth opportunities.

TE Connectivity seeks to expand its market presence through technological developments and product launches. For instance, in December 2018, the company launched KMXP, a new magneto resistive position sensor that enables contactless point measurement. The company has a broad customer base, operates in over 140 countries, and sells its products primarily through direct selling to manufacturers, along with third-party distributors. As of December 2019, the company has a total of 38 manufacturing plants globally for its sensors business, which meets the demand of customers across geographies. TE Connectivity has its presence in the Americas, Europe, the Middle East, and Africa (EMEA), and Asia Pacific (APAC). TE Connectivity HK Ltd. (Hong Kong), TE Connectivity Solutions GmbH (Switzerland), TE Connectivity Germany GmbH (Germany), TE Connectivity Corporation (US), and Tyco Electronics Japan G.K. (Japan) are a few of the subsidiaries of the company.

ams AG (Austria):

ams AG is a well-known company in the global position sensor market. With its diversified product portfolio, the company has succeeded in acquiring a significant market share. The company’s position sensor portfolio includes magnetic rotary position sensors, linear magnetic position sensors, and proximity detection sensors. These products are used in consumer electronics, industrial, and automotive sectors, among many others. Product launch is one of the key strategies adopted by the company for business development and technological advancements. For instance, in January 2019, the company launched a distance measurement and proximity sensing module for smartphones that can detect objects placed up to 60 cms from the screen. Also, in June 2018, the company launched a dual-die magnetic rotary position sensor that can be used for position detection applications in hybrid, battery-powered, and conventional vehicles. ams AG operates in more than 20 countries, with sales offices in all the major regions, including the Americas, Asia Pacific (APAC), Europe, and the Middle East and Africa. The company serves about 8,000 customers, has 22 design centers, and more than 25 sales channel partners across Europe, Asia, and the US. ams France S.a.r.l. (France), ams Italy S.r.l. (Italy), ams Sensors Germany GmbH (Germany), ams Sensors Asia Pte. Ltd. (Singapore), and ams Japan Co., Ltd. (Japan) are among a few of its major subsidiaries.

ams AG invests heavily in R&D for designing innovative products to match the market needs and exploring new opportunities in the market to drive its growth and profitability. For instance, for 2019, the company invested around 14% of its revenue in R&D activities. The company is continuously increasing its product line and improving its manufacturing capabilities in emerging countries to leverage growth opportunities. For instance, in September 2017, the company expanded its manufacturing operations in Singapore to meet the global demand for optical sensor solutions. Strong geographic presence, through globally spread distribution channels, has given the company a wide scope to tap the unexplored market. The company is planning to focus more on sensing technologies that are necessary to develop innovative products and help companies to differentiate their product offerings.

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Scope of the Report

:

Report Metric

Details

Market size available for years

2016–2025

Base year

2019

Forecast period

2020–2025

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

Position Sensor Market Highlights:

Position Sensor Market by Highlights

 What is new?

  • Inclusion of fresh players and change in the market share of existing players – Position Sensor Market

Company profiles: Company profiles give a glimpse of the key players in the market with respect to their business overviews, financials, product offerings, recent developments undertaken by them, and MnM view. In the new edition of the report, we have a total of 22 players (10 major, 12 Startups/SME). Moreover, the share of companies operating in the Position Sensor Market and start-up matrix have also been provided in the report.

  • Updated financial information and product portfolios of players operating in the Position Sensor Market

Newer and improved representation of financial information: The latest edition of the report provides updated financial information in the Position Sensor Market till 2019 for each listed company in the graphical representation in a single diagram (instead of multiple tables). This would help to easily analyze the present status of profiled companies in terms of their financial strength, profitability, key revenue-generating region/country, business segment focus in terms of the highest revenue-generating segment, and investment in research and development activities.

  • Recent market developments of the profiled players

Recent Developments: Updated market developments such as contracts, joint ventures, partnerships & agreements, acquisitions, new product launches, investments, funding, and certification have been mapped for 2016 to 2019.

  • New data points/analysis which was not present in the previous version of the report
  • The Company Profiles section highlights the steps taken by key players to mitigate risks post pandemic scenario.
  • The report includes updated financials and product portfolio of players until 2019 with reference to the market under study for each listed company in graphical representation.
  • The study includes recent market developments of profiled players until December 2019.

Recent Developments

  • In December 2019, ams AG launched the first inductive position sensor for high-speed, automotive, and industrial electric motors. The new rotor position sensing solution based on AS5715R can match the accuracy and latency of resolvers widely used in high-speed motor applications while providing substantial savings in bill-of-materials cost, size, and weight.
  • In September 2018, MTS Systems received purchase orders for the delivery of advanced technology sensors to be used in the systems for the U.S. Department of Defence. The total value of this order is around USD 187 million. The delivery is expected to begin in 2019 and will be spread across the next 5 to 7 years.

Frequently Asked Questions (FAQs):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 32)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION AND SCOPE
           1.2.1 INCLUSIONS & EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
           1.3.2 GEOGRAPHIC SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 38)
    2.1 RESEARCH DATA
           FIGURE 1 POSITION SENSOR MARKET: RESEARCH DESIGN
           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
           FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS
           FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): IDENTIFICATION OF REVENUE GENERATED BY COMPANIES FROM POSITION SENSOR OFFERINGS
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for bottom-up analysis (demand side)
                               FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for top-down analysis (supply side)
                               FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 6 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
           FIGURE 7 ASSUMPTIONS FOR RESEARCH STUDY

3 EXECUTIVE SUMMARY (Page No. - 49)
    FIGURE 8 GLOBAL POSITION SENSOR MARKET (USD MILLION)
    FIGURE 9 MANUFACTURING INDUSTRY ACCOUNTED FOR LARGEST SHARE OF MARKET IN 2019
    FIGURE 10 ROTARY POSITION SENSORS HELD LARGER MARKET SHARE IN 2019
    FIGURE 11 NON-CONTACT POSITION SENSORS ACCOUNTED FOR LARGER MARKET SHARE IN 2019
    FIGURE 12 MACHINE TOOLS HELD LARGEST SIZE OF MARKET, BY APPLICATION, IN 2019
    FIGURE 13 DIGITAL OUTPUT HELD LARGER SIZE OF MARKET IN 2019
    FIGURE 14 POSITION SENSOR MARKET, BY REGION, 2019
    3.1 COVID-19 IMPACT ON POSITION SENSOR MARKET
           TABLE 1 ANALYSIS OF COVID-19 IMPACT ON POSITION SENSOR MARKET, 2017–2025 (USD MILLION)
           FIGURE 15 COMPARATIVE ANALYSIS OF PRE- AND POST-COVID-19 IMPACT ON MARKET

4 PREMIUM INSIGHTS (Page No. - 57)
    4.1 ATTRACTIVE OPPORTUNITIES IN POSITION SENSOR MARKET
           FIGURE 16 INCREASING FOCUS OF MANUFACTURING INDUSTRY ON ACCURATE MEASUREMENTS AND DETAILED DRIVE GROWTH OF MARKET
    4.2 POSITION SENSOR MARKET IN EUROPE, BY COUNTRY AND END-USER INDUSTRY
           FIGURE 17 GERMANY AND MANUFACTURING INDUSTRY HELD LARGEST SHARE OF EUROPEAN POSITION SENSOR MARKET BASED ON COUNTRY AND END-USER INDUSTRY, RESPECTIVELY, IN 2019
    4.3 MARKET, BY APPLICATION
           FIGURE 18 MACHINE TOOLS TO CONTINUE TO ACCOUNT FOR LARGEST SIZE OF POSITION SENSOR MARKET BASED ON APPLICATION DURING 2020–2025
    4.4 MARKET, BY TYPE
           FIGURE 19 LINEAR POSITION SENSORS TO EXHIBIT HIGHER CAGR IN MARKET DURING 2020–2025
    4.5 MARKET, BY CONTACT TYPE, 2025
           FIGURE 20 NON-CONTACT POSITION SENSORS TO CAPTURE LARGER SHARE OF MARKET IN 2025
    4.6 MARKET, BY OUTPUT, 2025
           FIGURE 21 DIGITAL POSITION SENSORS TO ACCOUNT FOR LARGER SHARE OF MARKET IN 2025
    4.7 POSITION SENSOR MARKET, BY END-USER INDUSTRY, 2025
           FIGURE 22 MANUFACTURING INDUSTRY TO HOLD LARGEST SHARE OF MARKET IN 2025
    4.8 POSITION SENSOR MARKET, BY COUNTRY
           FIGURE 23 US ACCOUNTED FOR LARGEST SHARE OF GLOBAL MARKET IN 2019

5 MARKET OVERVIEW (Page No. - 62)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 24 POSITION SENSOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           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
                               FIGURE 25 PASSENGERS TRAVELLED GLOBALLY VIA AIR TRANSPORT (2000–2018)
                    5.2.1.3 Rising demand for position sensors to deploy in modern automobiles
                               FIGURE 26 GLOBAL ELECTRIC CARS IN CIRCULATION (2013–2019)
           5.2.2 RESTRAINTS
                    5.2.2.1 High cost of ownership
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Accelerated trend of industrial automation
                    5.2.3.2 High potential for industrial robotics applications
                               FIGURE 27 INDUSTRIAL ROBOTS ANNUAL SHIPMENT, BY REGION, 2012–2018
           5.2.4 CHALLENGES
                    5.2.4.1 Lack of proper standards to measure performance indicators
    5.3 VALUE CHAIN ANALYSIS
           FIGURE 28 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED DURING MANUFACTURING AND ASSEMBLY STAGES

6 POSITION SENSOR MARKET, BY TYPE (Page No. - 70)
    6.1 INTRODUCTION
           FIGURE 29 POSITION SENSOR MARKET FOR LINEAR SENSORS TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
           TABLE 2 MARKET, BY TYPE, 2016–2019 (USD MILLION)
           TABLE 3 MARKET, BY TYPE, 2020–2025 (USD MILLION)
    6.2 LINEAR SENSORS
           FIGURE 30 ANALYSIS PRE- AND POST-COVID-19 IMPACT ON LINEAR POSITION SENSOR MARKET
           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 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 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 for applications in aerospace, military, nuclear, and industrial verticals
           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 automotive and robotics markets
                               TABLE 4 LINEAR POSITION SENSOR MARKET, BY END-USER INDUSTRY, 2016–2019 (USD MILLION)
                               TABLE 5 LINEAR POSITION SENSOR MARKET, BY END-USER INDUSTRY, 2020–2025 (USD MILLION)
                               TABLE 6 MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 7 MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
                               TABLE 8 MARKET, BY CONTACT TYPE, 2016–2019 (USD MILLION)
                               TABLE 9 MARKET, BY CONTACT TYPE, 2020–2025 (USD MILLION)
                               TABLE 10 LINEAR POSITION SENSOR MARKET, BY OUTPUT, 2016–2019 (USD MILLION)
                               TABLE 11 LINEAR POSITION SENSOR MARKET, BY OUTPUT, 2020–2025 (USD MILLION)
    6.3 ROTARY SENSORS
           FIGURE 31 ANALYSIS OF PRE- AND POST-COVID-19 IMPACT ON ROTARY POSITION SENSOR MARKET
           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 ability to sustain shock ratings of up to 200 g and vibration ratings of up to 40 g
                               TABLE 12 ROTARY POSITION SENSOR MARKET, BY END-USER INDUSTRY, 2016–2019 (USD MILLION)
                               TABLE 13 ROTARY POSITION SENSOR MARKET, BY END-USER INDUSTRY 2020–2025 (USD MILLION)
                               TABLE 14 MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 15 MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
                               TABLE 16 MARKET, BY CONTACT TYPE, 2016–2019 (USD MILLION)
                               TABLE 17 MARKET, BY CONTACT TYPE, 2020–2025 (USD MILLION)
                               TABLE 18 MARKET, BY OUTPUT, 2016–2019 (USD MILLION)
                               TABLE 19 ROTARY POSITION SENSOR MARKET, BY OUTPUT, 2020–2025 (USD MILLION)
    6.4 OVERVIEW OF OTHER MAJOR TECHNOLOGIES IN POSITION SENSOR 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
    6.5 IMPACT OF COVID-19 ON POSITION SENSOR MARKET, BY TYPE

7 POSITION SENSOR MARKET, BY CONTACT TYPE (Page No. - 87)
    7.1 INTRODUCTION
           FIGURE 32 NON-CONTACT POSITION SENSORS TO WITNESS HIGHER CAGR DURING FORECAST PERIOD
           TABLE 20 MARKET, BY CONTACT TYPE, 2016–2019 (USD MILLION)
           TABLE 21 MARKET, BY CONTACT TYPE, 2020–2025 (USD MILLION)
    7.2 NON-CONTACT TYPE
           7.2.1 FEATURES SUCH AS EASE OF USE, RELIABLE MEASUREMENTS, RESISTANCE TO CONTAMINATION, AND HIGH ACCURACY BOOST DEMAND FOR NON-CONTACT POSITION SENSORS
                    FIGURE 33 ANALYSIS OF PRE- AND POST-COVID-19 IMPACT ON NON-CONTACT POSITION SENSOR MARKET
                    TABLE 22 NON-CONTACT POSITION SENSOR MARKET, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 23 NON-CONTACT POSITION SENSOR MARKET, BY TYPE, 2020–2025 (USD MILLION)
    7.3 CONTACT TYPE
           7.3.1 ABILITY TO CONVERT MECHANICAL DISPLACEMENT INTO ELECTRICAL SIGNALS DRIVES DEMAND FOR CONTACT TYPE OF POSITION SENSORS
                    FIGURE 34 ANALYSIS OF PRE- AND POST-COVID-19 IMPACT ON CONTACT POSITION SENSOR MARKET
                    TABLE 24 CONTACT POSITION SENSOR MARKET, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 25 CONTACT POSITION SENSOR MARKET, BY TYPE, 2020–2025 (USD MILLION)

8 POSITION SENSOR MARKET, BY OUTPUT (Page No. - 93)
    8.1 INTRODUCTION
           FIGURE 35 DIGITAL OUTPUT TO CONTINUE TO LEAD POSITION SENSOR MARKET DURING FORECAST PERIOD
           TABLE 26 MARKET, BY OUTPUT, 2016–2019 (USD MILLION)
           TABLE 27 MARKET, BY OUTPUT, 2020–2025 (USD MILLION)
    8.2 DIGITAL
           8.2.1 DIGITAL SENSORS OFFER HIGHER QUALITY AND MORE RELIABLE MEASUREMENT VALUES AND OUTPUT
                    FIGURE 36 ANALYSIS OF PRE- AND POST-COVID-19 IMPACT ON DIGITAL POSITION SENSOR MARKET
           8.2.2 MERITS OF DIGITAL OUTPUT
           8.2.3 DEMERITS OF DIGITAL OUTPUT
                    TABLE 28 DIGITAL POSITION SENSOR MARKET, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 29 DIGITAL POSITION SENSOR MARKET, BY TYPE, 2020–2025 (USD MILLION)
    8.3 ANALOG
           8.3.1 ANALOG POSITION SENSORS ARE USED IN HIGH TEMPERATURE, PRESSURE, OR HUMIDITY APPLICATIONS
                    FIGURE 37 ANALYSIS OF PRE- AND POST-COVID-19 IMPACT ON ANALOG POSITION SENSOR MARKET
           8.3.2 MERITS OF ANALOG OUTPUT
           8.3.3 DEMERITS OF ANALOG OUTPUT
                    TABLE 30 ANALOG POSITION SENSOR MARKET, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 31 ANALOG POSITION SENSOR MARKET, BY TYPE, 2020–2025 (USD MILLION)

9 POSITION SENSOR MARKET, BY APPLICATION (Page No. - 99)
    9.1 INTRODUCTION
           FIGURE 38 MARKET FOR ROBOTICS APPLICATIONS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 32 MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
           TABLE 33 MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
    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
                    FIGURE 39 ANALYSIS OF PRE- AND POST-COVID-19 IMPACT ON POSITION SENSOR MARKET FOR MACHINE TOOLS
                    TABLE 34 MARKET FOR MACHINE TOOLS, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 35 MARKET FOR MACHINE TOOLS, BY TYPE, 2020–2025 (USD MILLION)
    9.3 ROBOTICS
           9.3.1 POSITION SENSORS PROVIDE MEANINGFUL INFORMATION TO CONTROLLERS VIA ELECTRONIC SIGNALS ENABLING ROBOTS TO PERFORM THEIR TASKS EFFICIENTLY
                    FIGURE 40 ANALYSIS OF PRE- AND POST-COVID-19 IMPACT ON POSITION SENSOR MARKET FOR ROBOTICS
                    TABLE 36 MARKET FOR ROBOTICS, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 37 MARKET FOR ROBOTICS, BY TYPE, 2020–2025 (USD MILLION)
    9.4 MOTION SYSTEMS
           9.4.1 POSITION SENSORS ARE USED IN MOTION SYSTEMS TO MEASURE ABSOLUTE OR INCREMENTAL DISPLACEMENT
                    TABLE 38 MARKET FOR MOTION SYSTEMS, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 39 MARKET FOR MOTION SYSTEMS, BY TYPE, 2020–2025 (USD MILLION)
    9.5 MATERIAL HANDLING
           9.5.1 MATERIAL HANDLING APPLICATIONS REQUIRE POSITION SENSORS TO ENSURE SAFE AND CONTROLLED OPERATIONS
                    TABLE 40 MARKET FOR MATERIAL HANDLING, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 41 MARKET FOR MATERIAL HANDLING, BY TYPE, 2020–2025 (USD MILLION)
    9.6 TEST EQUIPMENT
           9.6.1 AUTOMOTIVE, AEROSPACE, INDUSTRIAL, AND MEDICAL SECTORS USE POSITION SENSORS TO TEST THEIR EQUIPMENT AND ENSURE HIGH ACCURACY AND PRECISION
                    TABLE 42 MARKET FOR TEST EQUIPMENT, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 43 MARKET FOR TEST EQUIPMENT, BY TYPE, 2020–2025 (USD MILLION)
    9.7 OTHERS
           TABLE 44 MARKET FOR OTHER APPLICATIONS, BY TYPE, 2016–2019 (USD MILLION)
           TABLE 45 MARKET FOR OTHER APPLICATIONS, BY TYPE, 2020–2025 (USD MILLION)
    9.8 IMPACT OF COVID-19 ON POSITION SENSOR MARKET FOR DIFFERENT APPLICATIONS

10 POSITION SENSOR MARKET, BY END-USER INDUSTRY (Page No. - 109)
     10.1 INTRODUCTION
               FIGURE 41 MARKET FOR AUTOMOTIVE INDUSTRY TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
               TABLE 46 MARKET, BY END-USER INDUSTRY, 2016–2019 (USD MILLION)
               TABLE 47 MARKET, BY END-USER INDUSTRY, 2020–2025 (USD MILLION)
     10.2 MANUFACTURING
             10.2.1 CONSUMER GOODS
                       10.2.1.1 Consumer goods sector demand 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
                                   TABLE 48 POSITION SENSOR MARKET FOR MANUFACTURING INDUSTRY, BY TYPE, 2016–2019 (USD MILLION)
                                   TABLE 49 MARKET FOR MANUFACTURING INDUSTRY, BY TYPE, 2020–2025 (USD MILLION)
                                   TABLE 50 MARKET FOR MANUFACTURING INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
                                   TABLE 51 MARKET FOR MANUFACTURING INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                                   TABLE 52 MARKET FOR MANUFACTURING INDUSTRY IN APAC, BY COUNTRY, 2016–2019 (USD MILLION)
                                   TABLE 53 MARKET FOR MANUFACTURING INDUSTRY IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
                                   TABLE 54 MARKET FOR MANUFACTURING INDUSTRY IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)
                                   TABLE 55 MARKET FOR MANUFACTURING INDUSTRY IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
                                   TABLE 56 MARKET FOR MANUFACTURING INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
                                   TABLE 57 MARKET FOR MANUFACTURING INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
                                   TABLE 58 MARKET FOR MANUFACTURING INDUSTRY IN ROW, BY REGION, 2016–2019 (USD MILLION)
                                   TABLE 59 MARKET FOR MANUFACTURING INDUSTRY IN ROW, BY REGION, 2020–2025 (USD MILLION)
                                   FIGURE 42 ANALYSIS OF PRE- AND POST-COVID-19 IMPACT ON POSITION SENSOR MARKET FOR MANUFACTURING INDUSTRY
     10.3 AUTOMOTIVE
             10.3.1 POSITION SENSORS PROVIDE CRUCIAL INFORMATION TO ENGINE CONTROL MODULE FOR SMOOTH AND SAFE FUNCTIONING OF VEHICLES
                       TABLE 60 POSITION SENSOR MARKET FOR AUTOMOTIVE INDUSTRY, BY TYPE, 2016–2019 (USD MILLION)
                       TABLE 61 MARKET FOR AUTOMOTIVE INDUSTRY, BY TYPE, 2020–2025 (USD MILLION)
                       TABLE 62 MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
                       TABLE 63 MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 020–2025 (USD MILLION)
                       TABLE 64 MARKET FOR AUTOMOTIVE INDUSTRY IN APAC, BY COUNTRY, 2016–2019 (USD MILLION)
                       TABLE 65 MARKET FOR AUTOMOTIVE INDUSTRY IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
                       TABLE 66 MARKET FOR AUTOMOTIVE INDUSTRY IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)
                       TABLE 67 MARKET FOR AUTOMOTIVE INDUSTRY IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
                       TABLE 68 MARKET FOR AUTOMOTIVE INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
                       TABLE 69 MARKET FOR AUTOMOTIVE INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
                       TABLE 70 MARKET FOR AUTOMOTIVE INDUSTRY IN ROW, BY REGION, 2016–2019 (USD MILLION)
                       TABLE 71 MARKET FOR AUTOMOTIVE INDUSTRY IN ROW, BY REGION, 2020–2025 (USD MILLION)
                       FIGURE 43 ANALYSIS OF PRE- AND POST-COVID-19 IMPACT ON POSITION SENSOR MARKET FOR AUTOMOTIVE INDUSTRY
     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
                                   TABLE 72 POSITION SENSOR MARKET FOR AEROSPACE INDUSTRY, BY TYPE, 2016–2019 (USD MILLION)
                                   TABLE 73 MARKET FOR AEROSPACE INDUSTRY, BY TYPE, 2020–2025 (USD MILLION)
                                   TABLE 74 MARKET FOR AEROSPACE INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
                                   TABLE 75 MARKET FOR AEROSPACE INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                                   TABLE 76 MARKET FOR AEROSPACE INDUSTRY IN APAC, BY COUNTRY, 2016–2019 (USD MILLION)
                                   TABLE 77 MARKET FOR AEROSPACE INDUSTRY IN APAC,  BY COUNTRY, 2020–2025 (USD MILLION)
                                   TABLE 78 MARKET FOR AEROSPACE INDUSTRY IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)
                                   TABLE 79 MARKET FOR AEROSPACE INDUSTRY IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
                                   TABLE 80 MARKET FOR AEROSPACE INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
                                   TABLE 81 MARKET FOR AEROSPACE INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
                                   TABLE 82 MARKET FOR AEROSPACE INDUSTRY IN ROW, BY REGION, 2016–2019 (USD MILLION)
                                   TABLE 83 MARKET FOR AEROSPACE INDUSTRY IN ROW, BY REGION, 2020–2025 (USD MILLION)
     10.5 PACKAGING
             10.5.1 LINEAR ENCODERS, INDUCTIVE POSITION SENSORS, AND PROXIMITY SENSORS ARE USED IN PACKAGING INDUSTRY TO ENHANCE PACKAGING MACHINE PERFORMANCE
                       TABLE 84 POSITION SENSOR MARKET FOR PACKAGING INDUSTRY, BY TYPE, 2016–2019 (USD MILLION)
                       TABLE 85 MARKET FOR PACKAGING INDUSTRY, BY TYPE, 2020–2025 (USD MILLION)
                       TABLE 86 MARKET FOR PACKAGING INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
                       TABLE 87 MARKET FOR PACKAGING INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                       TABLE 88 MARKET FOR PACKAGING INDUSTRY IN APAC, BY COUNTRY, 2016–2019 (USD MILLION)
                       TABLE 89 MARKET FOR PACKAGING INDUSTRY IN APAC,  BY COUNTRY, 2020–2025 (USD MILLION)
                       TABLE 90 MARKET FOR PACKAGING INDUSTRY IN EUROPE,  BY COUNTRY, 2016–2019 (USD MILLION)
                       TABLE 91 MARKET FOR PACKAGING INDUSTRY IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
                       TABLE 92 MARKET FOR PACKAGING INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
                       TABLE 93 MARKET FOR PACKAGING INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
                       TABLE 94 MARKET FOR PACKAGING INDUSTRY IN ROW, BY REGION, 2016–2019 (USD MILLION)
                       TABLE 95 MARKET FOR PACKAGING INDUSTRY IN ROW, BY REGION, 2020–2025 (USD MILLION)
     10.6 HEALTHCARE
             10.6.1 HEALTHCARE INDUSTRY REQUIRES HIGHLY RELIABLE POSITION SENSORS THAT PROVIDE ACCURATE INFORMATION TO ENSURE PATIENT SAFETY
                       TABLE 96 POSITION SENSOR MARKET FOR HEALTHCARE INDUSTRY, BY TYPE, 2016–2019 (USD MILLION)
                       TABLE 97 MARKET FOR HEALTHCARE INDUSTRY, BY TYPE, 2020–2025 (USD MILLION)
                       TABLE 98 MARKET FOR HEALTHCARE INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
                       TABLE 99 MARKET FOR HEALTHCARE INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                       TABLE 100 MARKET FOR HEALTHCARE INDUSTRY IN APAC, BY COUNTRY, 2016–2019 (USD MILLION)
                       TABLE 101 MARKET FOR HEALTHCARE INDUSTRY IN APAC,  BY COUNTRY, 2020–2025 (USD MILLION)
                       TABLE 102 MARKET FOR HEALTHCARE INDUSTRY IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)
                       TABLE 103 MARKET FOR HEALTHCARE INDUSTRY IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
                       TABLE 104 MARKET FOR HEALTHCARE INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
                       TABLE 105 MARKET FOR HEALTHCARE INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
                       TABLE 106 MARKET FOR HEALTHCARE INDUSTRY IN ROW, BY REGION, 2016–2019 (USD MILLION)
                       TABLE 107 POSITION SENSOR MARKET FOR HEALTHCARE INDUSTRY IN ROW, BY REGION, 2020–2025 (USD MILLION)
     10.7 ELECTRONICS
             10.7.1 POSITION SENSORS ARE USED IN CONSUMER ELECTRONICS SUCH AS SMARTPHONES, GAMING CONSOLES, DIGITAL CAMERAS, AND HOME APPLIANCES
                       TABLE 108 POSITION SENSOR MARKET FOR ELECTRONICS INDUSTRY, BY TYPE, 2016–2019 (USD MILLION)
                       TABLE 109 MARKET FOR ELECTRONICS INDUSTRY, BY TYPE, 2020–2025 (USD MILLION)
                       TABLE 110 MARKET FOR ELECTRONICS INDUSTRY, BY REGION, 2016–2019 (USD MILLION)
                       TABLE 111 MARKET FOR ELECTRONICS INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                       TABLE 112 MARKET FOR ELECTRONICS INDUSTRY IN APAC, BY COUNTRY, 2016–2019 (USD MILLION)
                       TABLE 113 MARKET FOR ELECTRONICS INDUSTRY IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
                       TABLE 114 MARKET FOR ELECTRONICS INDUSTRY IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)
                       TABLE 115 MARKET FOR ELECTRONICS INDUSTRY IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
                       TABLE 116 MARKET FOR ELECTRONICS INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
                       TABLE 117 MARKET FOR ELECTRONICS INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
                       TABLE 118 MARKET FOR ELECTRONICS INDUSTRY IN ROW,  BY REGION, 2016–2019 (USD MILLION)
                       TABLE 119 POSITION SENSOR MARKET FOR ELECTRONICS INDUSTRY IN ROW, BY REGION, 2020–2025 (USD MILLION)
     10.8 OTHERS
               TABLE 120 POSITION SENSOR MARKET FOR OTHER INDUSTRIES, BY TYPE, 2016–2019 (USD MILLION)
               TABLE 121 MARKET FOR OTHER INDUSTRIES, BY TYPE, 2020–2025 (USD MILLION)
               TABLE 122 MARKET FOR OTHER INDUSTRIES, BY REGION, 2016–2019 (USD MILLION)
               TABLE 123 MARKET FOR OTHER INDUSTRIES, BY REGION, 2020–2025 (USD MILLION)
               TABLE 124 MARKET FOR OTHER INDUSTRIES IN APAC, BY COUNTRY, 2016–2019 (USD MILLION)
               TABLE 125 MARKET OTHER INDUSTRIES IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
               TABLE 126 MARKET FOR OTHER INDUSTRIES IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)
               TABLE 127 MARKET FOR OTHER INDUSTRIES IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
               TABLE 128 MARKET FOR OTHER INDUSTRIES IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
               TABLE 129 MARKET FOR OTHER INDUSTRIES IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
               TABLE 130 MARKET FOR OTHER INDUSTRIES IN ROW, BY REGION, 2016–2019 (USD MILLION)
               TABLE 131 POSITION SENSOR MARKET FOR OTHER INDUSTRIES IN ROW, BY REGION, 2020–2025 (USD MILLION)
     10.9 IMPACT OF COVID-19 ON END-USER INDUSTRY

11 GEOGRAPHIC ANALYSIS (Page No. - 145)
     11.1 INTRODUCTION
               FIGURE 44 APAC TO WITNESS HIGHEST CAGR IN POSITION SENSOR MARKET DURING FORECAST PERIOD
               TABLE 132 POSITION SENSOR MARKET, BY REGION, 2016–2019 (USD MILLION)
               TABLE 133 MARKET, BY REGION, 2020–2025 (USD MILLION)
     11.2 NORTH AMERICA
               FIGURE 45 SNAPSHOT OF POSITION SENSOR MARKET IN NORTH AMERICA
               TABLE 134 MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
               TABLE 135 MARKET IN NORTH AMERICA, BY COUNTRY,  2020–2025 (USD MILLION)
               TABLE 136 MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2016–2019 (USD MILLION)
               TABLE 137 MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2020–2025 (USD MILLION)
               FIGURE 46 ANALYSIS OF PRE- AND POST-COVID-19 IMPACT ON POSITION SENSOR MARKET IN NORTH AMERICA, 2019–2025
             11.2.1 IMPACT OF COVID-19 ON POSITION SENSOR MARKET IN NORTH AMERICA
             11.2.2 US
                       11.2.2.1 US held largest share of position sensor market in North America in 2019
             11.2.3 CANADA
                       11.2.3.1 Robust presence of manufacturing, aviation, and automotive industries to fuel demand for position sensors in Canada
             11.2.4 MEXICO
                       11.2.4.1 Market in Mexico to grow at highest growth rate during 2020—2025
     11.3 EUROPE
               FIGURE 47 SNAPSHOT OF POSITION SENSOR MARKET IN EUROPE
               TABLE 138 MARKET IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)
               TABLE 139 MARKET IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
               TABLE 140 MARKET IN EUROPE, BY END-USER INDUSTRY, 2016–2019 (USD MILLION)
               TABLE 141 MARKET IN EUROPE, BY END-USER INDUSTRY, 2020–2025 (USD MILLION)
               FIGURE 48 ANALYSIS OF PRE- AND POST-COVID-19 IMPACT ON POSITION SENSOR MARKET IN EUROPE, 2019–2025
             11.3.1 IMPACT OF COVID-19 ON POSITION SENSOR MARKET IN EUROPE
             11.3.2 GERMANY
                       11.3.2.1 Germany captured majority of share of position sensor market in Europe in 2019
             11.3.3 FRANCE
                       11.3.3.1 Prominent presence of automotive, aerospace & defense, and medical companies to drive demand for position sensors
             11.3.4 UK
                       11.3.4.1 Automotive sector and industrial automation are likely to propel growth of position sensor market in UK
             11.3.5 ITALY
                       11.3.5.1 Popular automotive brands are expected to incorporate position and motion technologies in their automotive systems
             11.3.6 REST OF EUROPE
     11.4 ASIA PACIFIC
               FIGURE 49 SNAPSHOT OF POSITION SENSOR MARKET IN APAC
               TABLE 142 MARKET IN APAC, BY COUNTRY, 2016–2019 (USD MILLION)
               TABLE 143 MARKET IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
               TABLE 144 MARKET IN APAC, BY END-USER INDUSTRY, 2016–2019 (USD MILLION)
               TABLE 145 MARKET IN APAC, BY END-USER INDUSTRY, 2020–2025 (USD MILLION)
               FIGURE 50 ANALYSIS OF PRE- AND POST-COVID-19 IMPACT ON MARKET IN APAC, 2019–2020
             11.4.1 IMPACT OF COVID-19 ON POSITION SENSOR MARKET IN APAC
             11.4.2 CHINA
                       11.4.2.1 China held largest share of position sensor market in APAC in 2019
             11.4.3 JAPAN
                       11.4.3.1 Rapid industrialization and modernization in Japan to create increased need for position sensors
             11.4.4 INDIA
                       11.4.4.1 Position sensor market in India to grow at highest CAGR in APAC during forecast period
             11.4.5 SOUTH KOREA
                       11.4.5.1 Electronics and automotive verticals to accelerate demand for position sensors in country
             11.4.6 REST OF APAC
     11.5 REST OF THE WORLD
               TABLE 146 MARKET IN ROW, BY REGION, 2016–2019 (USD MILLION)
               TABLE 147 MARKET IN ROW, BY REGION, 2020–2025 (USD MILLION)
               TABLE 148 MARKET IN ROW, BY END-USER INDUSTRY, 2016–2019 (USD MILLION)
               TABLE 149 MARKET IN ROW, BY END-USER INDUSTRY, 2020–2025 (USD MILLION)
               FIGURE 51 ANALYSIS OF PRE- AND POST-COVID-19 IMPACT ON POSITION SENSOR MARKET IN ROW, 2019–2025
             11.5.1 IMPACT OF COVID-19 ON POSITION SENSOR MARKET IN ROW
             11.5.2 MIDDLE EAST AND AFRICA (MEA)
                       11.5.2.1 MEA held larger share of position sensor market in RoW in 2019
             11.5.3 SOUTH AMERICA
                       11.5.3.1 Position sensor market in South America expected to grow at higher CAGR in RoW from 2020 to 2025

12 COMPETITIVE LANDSCAPE (Page No. - 165)
     12.1 INTRODUCTION
               FIGURE 52 MAJOR PLAYERS IN MARKET ADOPTED PRODUCT LAUNCHES AS KEY GROWTH STRATEGY FROM 2016 TO 2019
     12.2 RANKING ANALYSIS OF PLAYERS IN MARKET
               FIGURE 53 TOP 5 COMPANIES IN POSITION SENSOR MARKET (2019)
     12.3 COMPETITIVE LEADERSHIP MAPPING
             12.3.1 VISIONARY LEADERS
             12.3.2 DYNAMIC DIFFERENTIATORS
             12.3.3 INNOVATORS
             12.3.4 EMERGING COMPANIES
                       FIGURE 54 MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
     12.4 STRENGTH OF PRODUCT PORTFOLIO (25 COMPANIES)
               FIGURE 55 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN MARKET
     12.5 BUSINESS STRATEGY EXCELLENCE (25 COMPANIES)
               FIGURE 56 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN MARKET
     12.6 COMPETITIVE SCENARIO
               FIGURE 57 MARKET EVOLUTION FRAMEWORK: PRODUCT LAUNCHES, FOLLOWED BY EXPANSIONS, FUELLED POSITION SENSOR MARKET GROWTH (2016–2018)
             12.6.1 EXPANSIONS
                       TABLE 150 EXPANSIONS, 2016–2018
             12.6.2 PRODUCT LAUNCHES AND DEVELOPMENTS
                       TABLE 151 PRODUCT LAUNCHES AND DEVELOPMENTS, 2016–2019
             12.6.3 ACQUISITIONS
                       TABLE 152 ACQUISITIONS, 2016
             12.6.4 PARTNERSHIPS, COLLABORATIONS, ALLIANCES, AND JOINT VENTURES
                       TABLE 153 PARTNERSHIPS, COLLABORATIONS, ALLIANCES, AND JOINT VENTURES, 2017–2018

13 COMPANY PROFILES (Page No. - 180)
(Business Overview, Products Offered, Recent Developments, COVID-19-related developments, SWOT Analysis, and MnM View)*
     13.1 KEY PLAYERS
             13.1.1 HONEYWELL
                       FIGURE 58 HONEYWELL: COMPANY SNAPSHOT
             13.1.2 SICK AG
                       FIGURE 59 SICK AG: COMPANY SNAPSHOT
             13.1.3 AMS AG
                       FIGURE 60 AMS AG: COMPANY SNAPSHOT
             13.1.4 TE CONNECTIVITY
                       FIGURE 61 TE CONNECTIVITY: COMPANY SNAPSHOT
             13.1.5 MTS SYSTEMS
                       FIGURE 62 MTS SYSTEMS: COMPANY SNAPSHOT
             13.1.6 VISHAY
                       FIGURE 63 VISHAY: COMPANY SNAPSHOT
             13.1.7 INFINEON TECHNOLOGIES
                       FIGURE 64 INFINEON TECHNOLOGIES: COMPANY SNAPSHOT
             13.1.8 STMICROELECTRONICS
                       FIGURE 65 STMICROELECTRONICS: COMPANY SNAPSHOT
             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, COVID-19-related developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.

14 ADJACENT AND RELATED MARKETS (Page No. - 224)
     14.1 INTRODUCTION
     14.2 KEYNOTES
     14.3 SMART SENSOR MARKET
             14.3.1 MARKET DEFINITION
             14.3.2 MARKET OVERVIEW
                       FIGURE 66 SMART SENSOR MARKET SIZE ANALYSIS, 2017 TO 2025
                       FIGURE 67 PRESSURE SENSORS HELD LARGEST SHARE OF SMART SENSOR MARKET, BY TYPE, IN 2019
                       TABLE 154 SMART SENSOR MARKET, BY TYPE, 2017–2025 (USD BILLION)
                       FIGURE 68 MEMS-BASED SMART SENSOR ACCOUNTED FOR LARGEST MARKET SHARE IN 2019
                       TABLE 155 SMART SENSOR MARKET, BY TECHNOLOGY, 2017–2025 (USD BILLION)
                       FIGURE 69 ANALOG-TO-DIGITAL CONVERTERS CAPTURED LARGEST SHARE OF SMART SENSOR MARKET, BY COMPONENT, IN 2019
                       TABLE 156 SMART SENSOR MARKET, BY COMPONENT, 2017–2025 (USD BILLION)
                       FIGURE 70 CONSUMER ELECTRONICS INDUSTRY ACCOUNTED FOR LARGEST SHARE OF SMART SENSOR MARKET IN 2019
                       TABLE 157 SMART SENSOR MARKET, BY INDUSTRY, 2017–2025 (USD BILLION)
                       FIGURE 71 APAC EXPECTED TO BE FASTEST-GROWING MARKET FOR SMART SENSORS DURING FORECAST PERIOD
                       TABLE 158 SMART SENSOR MARKET, BY REGION, 2017–2025 (USD BILLION)
     14.4 MOTION SENSOR MARKET
             14.4.1 MARKET DEFINITION
             14.4.2 MARKET OVERVIEW
                       FIGURE 72 MOTION SENSOR MARKET SIZE, 2016 TO 2025
                       FIGURE 73 DUAL TECHNOLOGY TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                       TABLE 159 MOTION SENSOR MARKET, BY MOTION TECHNOLOGY, 2016–2025 (USD MILLION)
                       FIGURE 74 OTHER APPLICATIONS TO WITNESS HIGHEST CAGR IN MOTION SENSOR MARKET DURING FORECAST PERIOD
                       TABLE 160 MOTION SENSOR MARKET, BY APPLICATION, 2016–2025 (USD MILLION)
                       FIGURE 75 EUROPE TO CONTINUE TO ACCOUNT FOR LARGEST SIZE OF MOTION SENSOR MARKET DURING FORECAST PERIOD
                       TABLE 161 MOTION SENSOR MARKET, BY REGION, 2016–2025 (USD MILLION)

15 APPENDIX (Page No. - 237)
     15.1 INSIGHTS OF INDUSTRY EXPERTS
     15.2 DISCUSSION GUIDE
     15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.4 AVAILABLE CUSTOMIZATIONS
     15.5 RELATED REPORTS
     15.6 AUTHOR DETAILS

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 Size, and Share

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
  • To describe and forecast the position sensor 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 position sensor 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)
Report Code
SE 4190
Published ON
Aug, 2020
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