Position Sensor Market Segments Analysis and Opportunities 2027
Position sensor when used in the automobiles
determines the distance between two moving objects and enhances safety.
Position sensor can be broadly classified into linear position sensor and
rotary position sensor. Factors such as increasing adoption of new technologies
that include integrated control system for consumer electronics and growing
demand for plant automation are driving the growth of the position sensor market.
However, necessity for multiple technology solution and cost-issues hampers the
growth of position sensor market. The most popular position sensor technology
is CIPOS which is used in the automobile industry. Hence, this technology helps
operational control driving while accelerating, shifting and steering.
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Position Sensor Market
According to Market
Research Future, market has been segmented into output, contact type, type,
industries and region.
Contact Type
- Contact
- Non-Contact
Type
- Linear
Position Sensor
- Rotary
Position Sensor
Output
- Analog
- Digital
Industry
- Aerospace
- Consumer
Electronics
- Manufacturing
- Healthcare
- Packaging
- Automotive
- Others
Region
- North-America
- Europe
- Asia-Pacific
- RoW
The key players in the global position sensor
market include- Honeywell International, Inc. (US), Ams AG (Germany), 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), among others.
Market Research Future Analysis
The global position sensor
market is expected to grow significantly over the forecast period, 2016-2022
majorly due to adoption of new technological solutions. The market is highly
application basis. Automobile segment of position sensor market globally drives
the market. The market is expected to have higher growth rate as compared to
the previous years.
European region accounted
for the largest market share because of technological advancements, increasing
demand by various sectors, large investments by automobile manufacturers for
implementing position sensor and strict laws for implementing linear position
sensor in the European countries.
However, Asia-Pacific
region is expected to grow over the forecast period, 2016-2022 because of being
the manufacturing hub and increasing focus by manufacturers to implement
position sensor in various sectors.
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