Position sensor market is one of the outstandingly increasing market due to increasing investment in manufacturing infrastructure, integration of position sensors in modern automobiles, and growing adoption of position sensors in the aerospace industry. Position sensors are used to measure, How far the body has moved from its reference or initial position. Moreover position sensors are position sensing devices used to measure the distance travelled by the body starting from its reference position. Position sensors measures linear or angular position in reference to a fixed point or arbitrary reference. Automation taking place in manufacturing and industrial units and it is one of the major drivers of position sensor market. Position sensor market. Position sensors are used in an extensive variety of industrial and commercial applications, from Aerospace, Manufacturing and ICT.
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Position Sensor Market: Drivers and Challenges
The growth of Position sensor market is propelled by the increasing adaptation of position sensors in the Aviation industry and increasing demand in the manufacturing industry. Position sensors are used in numerous areas in manufacturing industry including material tracking, transit of final goods, operation efficiency etc. The emerging trend towards plant automation and increased demand for vehicle safety are generating high demand for this market, these sensors ensure Vehicle safety, and thus rise in use of vehicles is projected to fuel the growth of position sensor market and the growth in the Automotive Industry directly translates into increasing demand in the Automotive Position Sensor market. Position sensors in Machine tool application is expected to hold the largest size of the position sensor market during the forecast period. It has been assumed that Increasing integration of position sensors in vehicles portray a positive outlook of continuous growth in the Automotive Position Sensor market.
The key challenge for position sensor market is the Lack of Proper Standards to Measure Performance Indicators. Position sensors are lacking to measure performance of an object with whom the sensors are integrated.
Position Sensor Market: Segmentation
Position sensor market has been classified based on the basis of type, contact type, basis of applications and basis of industry.
Segmentation on the basis of Type:
The position sensor market, in terms of type includes linear position sensor, used to measure the linear position of a device and rotary position sensors used in electrical measurements.
- Laser Position Sensor
- Linear Potentiometer
- Magnetostrictive Sensor
- Linear Variable Differential Transformer (LVDT)
- Linear Encoder
- Linear Position Sensor
- Rotary Position Sensor
- Rotary Encoder
- Rotary Potentiometer
- Rotary Variable Differential Transformer (RVDT)
Segmentation on the basis of Contact Type
The position sensor market, in terms of contact type includes
Segmentation on the basis of Output
Further, position sensor market is segmented on the basis of output, means what kind of output these sensors generate.
Segmentation on the basis of Application:
On the basis of applications, Position sensors can be categorized.
- Test Equipment
- Material Handling
- Machine Tools
- Motion Systems
Segmentation on the basis of Industry
In addition, Position sensors are segmented on the basis of industrial use. In Now days, position sensors are used in various industries.
- Consumer Electronics
In May 2015, Dialog Semiconductor, a sensor provider has entered into the partnership with DYNA IMAGE Corporation. This Strategic partnership has to accelerate Dialog’s entrance to China’s fast-growing consumer markets for Position sensors.
- Infineon Technologies AG (Germany)
- STMicroelectronics N.V. (Switzerland)
- ams AG (Germany)
- Honeywell International Inc. (US)
- MTS Systems Corporation (US) Renishaw plc. (UK)
- Panasonic Corporation (Japan)
- Qualcomm Technologies Inc. (US) and others.
Presently, Asia Pacific (APAC) is holding the largest market share for Position Sensor market due increasing demand from Manufacturing, Healthcare, Consumer electronics and automotive industries. It has been observed that APAC is owing to the increasing focus of the region toward the automotive, consumer electronics, and manufacturing industries. Moreover, America and Europe are the potential market for the consumer electronics, manufacturing and automotive sectors. Due to high demand of position sensors from these sectors will push growth of the position sensor market in America and Europe.
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Regional analysis for Position Sensor Market includes development of these systems in the following regions:
- North America Market
- Latin America Market
- Rest of Latin America
- Western Europe Market
- Rest of Western Europe
- Eastern Europe Market
- Asia Pacific Market
- Australia and New Zealand (A&NZ)
- Rest of Asia Pacific
- Japan Market
- Middle East and Africa Market
- GCC Countries
- North Africa
- South Africa
- Rest of MEA
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.