Position sensors are used to measure angular or linear position with reference to a fixed point or to an arbitrary reference. They help measure distance or change in position, i.e. displacement, and can also help detect the presence or absence of an object, i.e. proximity. Information gleaned from position sensor readings can be processed with an external circuit to control processes, monitor physical conditions, and count events among others. Combining the information with time measurements allows the calculation of speed, velocity and acceleration for motion control.
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Growing adoption of position sensors in the aerospace industry is expected to be the key driving force for the market. The advent of wireless technology is one of the key industry trends in North American and European economies. Increasing demand from Asia Pacific and Rest of the World regions is expected to drive the global market, which can be attributed to rising industrialization in these regional markets. There has been a steady transition from contact to non-contact position sensing. This is a result of the advantages offered by non-contact sensing which include lesser wear and tear, reduced risk of particulate contamination and disruptive magnetic field interaction, as well as ease of integration into non-serviceable locations.
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Non-contact position sensors conduct measurement without any physical contact. The primary advantages of these devices are the absence of mechanical parts with boost reliability and contribute to long functional life. They include photoelectric, magnetic, capacitive, inductive and ultrasonic sensors. On the other hand, contact type position sensors require a mechanical connection, and include limit switches, linear variable differential transformer (LVDT), and encoders.
Electric, pneumatic, and hydraulic drive manufacturers use position sensors to a large extent. Machinery such as woodworking machines, machining tools, and plastics machines among others also employ position sensors. The automotive industry is expected to be the key application in the coming years. Position sensors help in throttle valve position, suspension control, power assisted steering, power seat control and electronic gas pedals. Additionally, adaptive headlight systems and electronic brake pedals are the key growth avenues in this segment.
This research report provides comprehensive market statistics and forecast for key segments, and provides complete industry landscape including drivers, restraints, regulatory scenario, technology trends and future opportunities. The report also provides detailed competitive landscape with company market share analysis and in-depth profiles of key market participants. Key regional markets analyzed and reported in this study include:
- North America
- Asia Pacific
Critical elements of the report include:
- Industry dynamics
- Market challenges and opportunities
- Technology & regulatory trends
- Market estimate and forecast
- Regional trends
- Competitive trends
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- This report provides comprehensive analysis of the market including Porter’s and SWOT analysis
- Complete identification and analysis of key industry dynamics including drivers, restraints, raw material trends and buyer behavior
- The study provides technology landscape and regulatory trends for building strategy
- Global and regional market estimates and forecast on volume and revenue basis for multiple market segments
- Detailed competitive landscape of the market, with profiles of key companies
Key companies analyzed for the research:
- Bourns Inc.
- Allegro MicroSystems Inc.
- CTS Corporation
- Custom Sensors and Technologies Inc.
- Curtiss-Wright Controls
- SICK AG, Inc.
- Honeywell International Inc.
- Siemens AG
- Truck Inc.
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