Global Position Sensor Market By Types (Linear Type, Rotary Position Sensors, Other Sensors), Contact Type (Non-Contact Type, Contact Type), Output (Digital Output, Analog Output), Application (Machine Tools, Robotics, Motion Systems, Material Handling, Test Equipment, Others), End-User (Manufacturing, Automotive, Aerospace, Packaging, Healthcare, Electronics, Others)

Market Analysis: Global Position Sensor Market
Global position sensor market is to register a substantial CAGR of 8.03 % in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market value can be attributed to the increasing focus on precise measurement by the companies.

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Market Definition: Global Position Sensor Market
A position sensor is a tool used for location detection where displacement, range, location or duration is used for automating, testing or monitoring procedures. It can be either an exact or partial position sensor. It is used in computer game joysticks, hard drives & CD / DVD disks, driving gears, automotive and technology. Position sensors are suitable in a broad range of automotive and manufacturing use including location sensing of the steering wheel, wave rate sensing, and engine codec of transport.

Market Drivers:
• Growing attention of manufacturing industry on precise measurements and complete review is driving the growth of the market
• Rising acceptance of position sensors in Aerospace industry is propelling the growth of the market
• Increasing request for position sensors for current automobiles industry is boosting the growth of the market
• Strongly specialized solutions for critical military operational requirements is contributing to the growth of the market

Market Restraints:
• Huge expense for purchasing position sensor is hindering the growth of the market
• Lack of methods for measuring position sensor quality norms is restricting the growth of the market.
• The absence or unavailability of products in the market is restraining the market growth
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Segmentation: Global Position Sensor Market
By Types
• Linear Type
o Linear Encoders
 Optical Linear Encoders
 Magnetic Linear Encoders
 Inductive Linear Encoders
 Capacitive Linear Encoders
o Linear Variable Differential Transformers
o Magnetostrictive Sensors
o Linear Potentiometers
o Laser Position Sensors
• Rotary Position Sensors
o Rotary Encoders
 Optical Rotary Encoders
 Magnetic Rotary Encoders
 Mechanical Rotary Encoders
 Capacitive Rotary Encoders
o Rotary Potentiometers
o Rotary Variable Differential Transformers
o Resolvers
• Other Sensors
o Proximity Sensors
 Ultrasonic Position Sensors
o Photoelectric Sensors
o Displacement Sensors
o 3D Sensors
By Contact Type
• Non-Contact Type
• Contact Type
By Output
• Digital Output
• Analog Output
By Application
• Machine Tools
• Robotics
• Motion Systems
• Material Handling
• Test Equipment
• Others
By End-User
• Manufacturing
o Consumer Goods
o Intermediate Goods
o Capital Goods
• Automotive
• Aerospace
o Commercial and General Aviation
o Military Aircraft
o Space Systems
• Packaging
• Healthcare
• Electronics
• Others

Key Developments in the Market
In June 2019, NewTek launched a new product for radiation resistance by the name of LVDT Position Sensors which can be used for critical position measurement in nuclear power plant, autoclaves, submarines, spacecraft and other application with radiation exposure. This launch had expended the product portfolio of the company and has also increased the revenue of the company
In March 2018 Melexis introduced a magnetic automotive position sensor MLX90371 and MLX90372. The MLX90371 provide PWM output or analog and MLX90372 provides PWM output or SENT. This launch had expanded the product portfolio of the company and has also decreased the complication and cable strap capacity.

Competitive Analysis
Global position sensor market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of position sensor market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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