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 www.MarketsandMarkets.com
According to the new market research report "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. The major factors driving the growth of the market include the increasing investment in manufacturing infrastructure, integration of position sensors in modern automobiles, and growing adoption of position sensors in the aerospace industry. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=17719728&utm_source=PR&utm_medium=7278
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. “Linear position sensor is expected to hold a major share of the market during the forecast period” Linear position sensor is one of the most commonly used sensors for position sensing. Linear position sensors are considered as an ideal solution for providing accurate, reliable, as well as high-resolution position measurement. These sensors are widely used in various end-user industries. Different types of linear position sensors offer different features and provide reliable position measurement for applications in subsea, power generation, industrial automation, aerospace, test and measurement.
“Position sensor market for digital output is expected to grow at the highest rate between 2017 and 2022” Digital sensors are gaining popularity because discrete signals are less susceptible to potential interference and result into higher quality and more reliable measurement values and output, thereby fulfilling the requirements of complex systems. A digital sensor has a greater resolution and high accuracy compared with analog sensor. A digital sensor accurately reflects the sensor outputs without any cascading errors. “Automotive industry is likely to hold a major share of the market between 2017 and 2022” The automotive is one of the major industries utilizing a large number of position sensors for various applications in vehicles. One of the main roles of position sensors in a vehicle is to provide information in the form of output signals to the engine control module (ECM), which is the brain of the vehicle, to perform further actions. With the increasing importance of the driver convenience features in modern vehicles, the use of position sensors play a vital role.
Browse >> 70marketdata tables 61figures 191 Pages and in-depth TOC on “Position Sensor Market - Global Forecast to 2022” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at Single user : US $5650 Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.
Key players - The Position Sensor Market is dominated by • ams AG (Germany) • Honeywell International, Inc. (US) • MTS Systems Corporation (US) • Renishaw plc. (UK) • TE Connectivity Ltd. (Switzerland) • Vishay Intertechnology, Inc. (US) • Panasonic Corporation (Japan) • Infineon Technologies AG (Germany) • STMicroelectronics N.V. (Switzerland) • Qualcomm Technologies, Inc. (US) • Bourns, Inc. (US) • Dr. Johannes Heidenhain GmbH (Germany) • Allegro MicroSystems, LLC (US) For More Information: - https://www.marketsandmarkets.com/Market-Reports/position-sensor-market-17719728.html?utm_source=PPT&utm_medium=7278
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