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.
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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.
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.
For the purpose of this study, Market Research Future has segmented the market of position sensor into contact type, type, output, industries and region.
- Linear Position Sensor
- Rotary Position Sensor
- Consumer Electronics
Regionally, Europe accounted for the largest market share, because of the strict law emissions in the European countries, increasing usage of linear and rotary position sensors for the automobile industry and increasing automobile production.
However, Asia-Pacific is expected to grow over the forecast period majorly due to high adoption of new technological solutions, increasing demand for consumer electronics and increasing focus towards the automotive industry.
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.
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- Original Equipment Manufacturers
- Research firms
- Consultancy firms
- Semiconductor Manufacturers
- End-user sectors
- Technology Investors
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