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The position sensor market was valued at USD 3.89 Billion in 2015 and is expected to grow at a CAGR of 6.1% during the forecast period. The base year used for this study is 2015 and the forecast period is between 2016 and 2022. This report provides a detailed analysis of the position sensor market, based on verticals and regions.
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MarketsandMarkets Presents Position Sensor Market Research Report & Trend to 2022 The growth of this market is propelled due to rapidly growing use of linear and rotary position sensors in the automotive industry.
The position sensor market is estimated to reach USD 5.85 Billion by 2022, at a CAGR of 6.1% between 2016 and 2022. The increasing integration of position sensors in automotive and growing trends of industrial automation among others are the major drivers for the position sensor market. This report provides a detailed analysis of the position sensor market, based on verticals and regions. The growing trends of industrial automation and increased integration of position sensors in vehicles are two of the major drivers for the market. Additionally, one of significant opportunities in the future for the position sensor is its growing applications in consumer electronics such as smartphones & tablets. Linear position sensors are expected to lead the position sensor market Linear position sensors are one of the most commonly used devices for position sensing. The growth is precedential due to the growing adoption of linear sensor types such as encoders, linear variable differential transformers (LVDTs), magnetostrictive sensors, potentiometers, and others in application areas such machine tools, material handling, robotics, and others to determine the linear position or displacement of the target and provide information in the form of feedback to facilitate control activities. Sample pages of the Report : http://www.marketsandmarkets.com/requestsample.asp?id=17719728
The market in the robotics application expected to grow at a high rate Robotics is expected to be one of the major applications for position sensors in the coming years. Position sensors play a vital role in the operation of a robot. It provides significant information in the form of electronic signals to the controller, which helps the robots to do its tasks. Position sensors such as encoders, potentiometers, and resolvers are widely used in robotics for sensing and controlling the position of robots. Moreover, the increasing adoption of robotics in various industries such as manufacturing, automotive and others is expected to drive the market for position sensors in the near future. Asia-Pacific expected to grow at a high rate between 2016 and 2022 Asia-Pacific is anticipated to grow at the highest rate during the forecast period. The growth can be attributed to the high demand from manufacturing, packaging, and automotive industries in this region for position sensors. Additionally, the growing trend of industrial automation in Asia-Pacific is expected to fuel the position sensor market further. Report Information : http://www.marketsandmarkets.com/Market-Reports/position-sensor-market-17719728.html
Major players in this market include ams AG (Germany), Honeywell International Inc. (U.S.), MTS Systems Corporation (U.S.), Renishaw Plc. (U.K.), TE Connectivity Ltd. (Switzerland), Vishay Intertechnology, Inc. (U.S.), Allegro MicroSystems, LLC (U.S.), Bourns Inc. (U.S.), Dr. Johannes HEIDENHAIN GmbH (Germany), Hans Turck GmbH CO. KG (Germany), and Novotechnik U.S. Inc. (Germany). About MarketsandMarkets We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact:Mr. RohanMarkets and Markets UNIT no 802, Tower no. 7, SEZMagarpatta city, HadapsarPune, Maharashtra 411013, India1-888-600-6441Email: firstname.lastname@example.org
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