Position Sensor Market

Honeywell International, Inc. and TE Connectivity Ltd. Some of the Key Players in the Position Sensor Market

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 position sensor market demonstrates a lucrative growth potential between 2017 and 2022. This market growth is attributed to the increasing investment in manufacturing infrastructure, integration of position sensors in modern automobiles, and growing adoption of position sensors in the aerospace industry.

The competition in the position sensor market is high because of the presence of a large number of players. Some of the key players in the position sensor market include 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).

Honeywell International, Inc. is one of the leading global automotive industry suppliers. The company was founded in 1885 and has its headquarters in New Jersey, US. Honeywell International, Inc. is a diversified technology and manufacturing company, serving customers worldwide. The company has a strong market position in almost all the industries it functions. Moreover, the company's strong focus on enhancing its research and development (R&D) capabilities to serve the global market enhance its market position and competitiveness. The company primarily operates in all the geographic regions and earns a large share (58% in 2016) of its revenue from the Americas. The company offers its position sensor product portfolio through its business unit—sensing and control. The company’s sensing and control product portfolio includes over 40 product families for a broad range of applications. Honeywell Sensing and Control have been offering sensing solutions to the automotive, industrial, medical, test and measurement, aerospace and military applications. The company provides a complete range of position sensors to meet a variety of application and operating environment requirements. The company offers smart position sensors, hall-effect sensors, encoders, resolvers, and ultrasonic sensors under the position sensor category.

TE Connectivity Ltd. (formerly known as Tyco Electronics, Ltd.) was incorporated in 2000 and has its headquarters in Schaffhausen, Switzerland. The company is a leading designer and manufacturer of connectivity and sensor solutions. The company possesses strong research and development (R&D) capabilities, which helps it to offer competitive products and timely support to its customers. The company focuses on the integration of key manufacturing technologies to increase the position sensor performance, which is facilitating it to develop products for emerging markets such as automobile and industrial. The company adopted acquisition as the major strategy between 2014 and 2017. For instance, in 2014, TE Connectivity Ltd. acquired two companies—Measurement Specialties, Inc. (US) and American Sensor Technologies, Inc. (US).

Related Reports:

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

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Report Code
SE 4190
Published ON
Apr, 2017
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