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. 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.

The research methodology used to estimate and forecast the position sensor market begins with capturing data on key vendor revenue through the secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the global market from the revenues of key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments which have been verified through the primary research by conducting extensive interviews of people holding key positions such as CEOs, VPs, directors, and executives. These market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary is depicted in the below figure:

Position Sensor Market

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The position sensor ecosystem comprises raw material vendors and position sensor manufacturers such as ams AG (Austria), Honeywell International Inc. (U.S.), Renishaw Plc. (U.K.), TE Connectivity Ltd. (Switzerland), Vishay Intertechnology, Inc. (U.S.), Allegro MicroSystems, LLC (U.S.), and others who sell these sensors to end users to cater to their unique requirements; end users are from a wide range of industries such as automotive, aerospace, and manufacturing among others.

The Target Audience:

Associations working on position sensors
Application industry manufacturers
Government bodies such as regulating authorities and policy makers
Market research and consulting firms
Position sensor manufacturers
Position sensor traders/suppliers
Raw chemical suppliers and distributors
Research institutes and organizations

Study answers several questions for the target audiences; primarily, which market segments to focus in the next two to five years for prioritizing the efforts and investments.

Report Scope:

In this report, the position sensor market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

By Type:

Linear position sensors
Linear encoders
Linear variable differential transformers (LVDTs)
Magnetostrictive sensors
Potentiometers
Others
Rotary position sensors
Rotary encoders
Rotary variable differential transformers (RVDTs)
Resolvers
Potentiometers

By Specification:

Contact type
Contact
Non-contact
Output
Analog
Digital

By Application:

Test equipment
Material handling
Motion system
Machine tool
Robotics

By Industry:

Automotive
Aerospace
Electronics
Healthcare
Manufacturing
Packaging
Others

By Region:

North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of APAC
Rest of the World
South America
Middle East
Africa



Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report: