Global Position Sensor Market – Overview
A Position sensor helps in tracking the movement of an object and converting the data into suitable form for processing, transmission and control. They help in identifying the piston movement in pneumatic actuators by direct and non-direct contact method. Position sensors finds various applications in the area of automobile and industrial applications which primarily covers steering wheel position sensing, transmission gearbox encoder, float level sensing and many others. The key players in the market are investing in research and development activities and undergoing through various merger and acquisition activities in order to generate cost effective product portfolio.
The rising awareness of position sensors in manufacturing industries, increasing in adoption among aviation and aerospace industries are primarily driving the market. The rising trend of automation across industries and evolution of industry 4.0 are fuelling the market growth. However, lack of performance issues and high initial deployment costs are hampering the market growth.
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April. 2018 – Micro-Epsilon, precision sensor manufacturer, launched miniature draw wire position sensor specially designed for high volume mobility applications like elevators and cranes. The sensor is compact in size and benefits in measuring displacement and position of components and machine parts.
March, 2018 – Melexis, global supplier of micro-electronic semiconductor solutions launched automatic position sensors, which consist of analog to digital signal conditioner, digital signal processor for advanced signal processing and output stage driver. The device is suitable for space and cost constrained automotive applications.
Global Position Sensor Market – Segmentation
The Global Position Sensor Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
- Segmentation by contact type: Comprises contact and non-contact type.
- Segmentation by type: Comprises linear position sensor and rotary position sensor.
- Segmentation by output: Comprises analog and digital.
- Segmentation by industry: Comprises aerospace, consumer electronics, manufacturing, healthcare, automotive and others.
- Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
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.
Global Position Sensor Market – Regional Analysis
The global position sensor market is studied for North America, Europe, Asia Pacific and rest of the world. Asia Pacific is expected to hold major market share and is expected to continue through the forecast period. The rising adoption of position sensors in manufacturing sector across developing countries like China and India are primarily driving the market. The high potential application in industrial robotics are fuelling the market in this region. North America is expected to hold significant growth rate during the forecast period. Being technically advanced region and adoption of position sensors are driving the market in this region. Europe shows decent growth during the forecast period. The rise in usage of rotary sensors across automobile industry is driving market for global position sensors in this region.
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