A recent report on Position Sensor Market provides a detailed analysis on the industry size, revenue forecasts and geographical landscape pertaining to this business space. Additionally, the report highlights primary obstacles and latest growth trends accepted by key players that form a part of the competitive spectrum of this business.
Position Sensor Market Top Key Players:
GE Measurement & Control
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The position sensors that are non-contact type had earlier held a batter position in the market. The market size which was biggest in the types of non-contact position sensors may be attributed to the increase in the use of the fields such as high accuracy, precision measurement, easy use, contamination resistance and reliable measurements. The non-contact ones find themselves applied in a lot of range of industries in the global position sensor market from the automotive to the consumer electronics and industrial.
The global position sensor market is a market is one where the position sensors effect the manufacturing sector directly and indirectly. The global market has been expected to grow at a good rate in the period where the forecast has been made. The factors which are expected to drive the growth of the global position sensor market are the increase in focus of the industry of manufacturing on getting accurate measurement and the detailed levels of inspection, the growth in the adoption of the position sensors in the industry of aerospace and aviation and the demand increasing for the position sensors for deployment in the modern automation. The higher costs for ownership though have been projected to be one factor which is going to restrain the growth of this otherwise growing industry.
The growing demand for the highly efficient and cost-effective position sensors continuously from the manufacturing, healthcare, electronics, automotive as well as packaging industry has been expected to drive the global position sensor market growth in the region of Asia Pacific in the years to come. The increase in the population, the rise in investment in R&D and the growth in manufacturing as well as the electronic sector in this region have been expected to provide a boost to the demands for the position sensors in the Asia Pacific.
Linear Position Sensors
Rotary Position Sensors
By Contact Type:
The global market for the position sensors which are linear has been toted to see growth at a level which is higher than the other segment of the market which is the rotary sensors in the period of forecast for the market of position sensors. The increase in the demand for the position sensors which are linear in the manufacturing of a lot of equipment and applications like the measuring, test equipment, automated machinery, motion systems, robotics and the machine tools are major factors which are contributing in the growth of global market for position sensors which are linear.
The application of robotics has been expected to exhibit the greatest amount of growth in the position sensor market overall during the period of forecast. An increase in the usability of the position sensors in form of encoders, resolvers and potentiometers as well as controlling the robotics position along with the designing of robots has made its contribution to the increasing demand for the position sensors in the applications of robotics.
SICK AG, TE Connectivity, Honeywell, MTS Systems, Infineon Technologies, Bourns, Allegro Microsystems have been some of the major companies which have been holding major stakes in the global market of position sensors. The strategies of organic growth like the launches of product has been a focus of the major companies in the global market. A lot of the players in the market have been adopting the product launches in addition to the acquisitions and mergers as a strategy for business and to expand the share that they have in the market of position sensor. Honeywell for instance a few years back had launched their IHM series for the proximity sensors which were designed specifically for the industry of aerospace for improving the aircraft system and reducing their costs of maintenance to benefit the industry.
Table of Content
Chapter 1 Global Position Sensor Market: Summary and Quantitative Analysis
1.1 Report Description
1.2 Global Position Sensor Market Revenue Overview
1.3 Global Position Sensor Market Revenue (USD Billion) and Growth (%) Rate, 2015- 2025
Chapter 2 Global Position Sensor Market: Overview and Qualitative Analysis
2.1 Executive Summary
2.2 Market Drivers
2.3 Market Restraints
2.4 Market Opportunities
Chapter 3 Competitive Analysis
3.1 Global Position Sensor Market
3.1.1 Global Position Sensor market Revenue (USD Billion), By Players 2018
3.1.2 Global Position Sensor Market Revenue Share (%), By Players 2018
Chapter 5 Global Position Sensor Market: By Product Type
5.1 Global Position Sensor Market Share (%), By Product Type, 2018
5.2 Global Position Sensor Market Revenue (USD Billion), By Product Type, 2015 – 2025
5.3 Global Position Sensor Market Revenue (USD Billion), By Retro,2015-2025
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