The increasing integration of position sensors in automotive electrical devices would drive the position sensor market. The position sensor market is estimated to grow at a CAGR of 6.1% between 2016 and 2022 to reach USD 5.85 billion by 2022. The position sensor market is driven by factors such as the growing innovation in the automotive technology has widened the use of position sensors in a vehicle, high demand for position sensor from the aerospace industry, and growing trends of industrial automation. Complete report on position sensor market spread across 195 pages, profiling 11 companies and supported with 70 tables and 84 figures is now available at http://www.rnrmarketresearch.com/position-sensor-market-by-type-linear-rotary-contact-type-contact-non-contact-output-application-test-equipment-material-handling-machine-tools-motion-systems-robotics-industry-and-region-glob-st-to-2022-market-report.html .
The market for rotary position sensors is estimated to contribute the highest growth rate during the forecast period. Rotary position sensors measure the rotational or angular movement of an object. These sensors are widely used in applications wherein the variable output such as frequency, speed, or volume needs to be controlled. Some of the typical applications include robotics, test & measurement equipment, machine tools as well as small engines. The growth in these applications is attributing to the high growth rate of the market. The position sensor is also estimated to witness a high growth in the automotive, packaging, manufacturing, and aerospace industries during the forecast period.
Emerging advancements in consumer electronics are likely to act as a significant application for position sensors in the further. Position sensors are considered as one of the new trend in smart devices. They are typically used to detect the position of the device and to determine the landscape or portrait mode of the screen, and also detect the presence of nearby object and take necessary actions accordingly. In addition to this, growth of industrial robotics is a great opportunity for various types of position sensors market in the coming years.
Europe held the largest size of the European position sensor market, in terms of value, compared to other regions. This is due to the rapid adoption of linear and rotary in various applications such as machine tools, material handling, robotics, and others in major counties of this region. Also, the presence of major automotive manufacturers such as the BMW Group (Germany), Daimler AG (Germany), Volkswagen AG (Germany), and Fiat Automobiles S.p.A. (Italy) among others have their manufacturing facility based in this region; the demand for position sensors is accelerated.
Major players in the position senor market include AMS AG (Germany), Honeywell International Inc. (U.S.), Renishaw Plc. (U.K.), MTS System Corporation (U.S.), TE Connectivity Ltd. (Switzerland), Vishay Intertechnology, Inc. (U.S.), Allegro MicroSystems, LLC (U.S.), Bourns Inc. (U.S.), Dr. Johannes Heidenhain GmbH (Germany), Hans Turck GmbH CO. KG (Germany), and Novotechnik U.S. Inc. (Germany) among others. Priced at $4650 for a single user PDF, Inquire Before Buying on “Position Sensor Market by Type (Linear & Rotary), Contact Type (Contact & Non-Contact), Output, Application (Test Equipment, Material Handling, Machine Tools, Motion Systems, & Robotics), Industry, and Region - Global Trend and Forecast to 2022” research report can be requested at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=521181 .
On a related note, another research titled Automotive Sensors Market Global Forecast to 2020 says, the automotive sensors market is expected to grow at a CAGR of 7.72% between 2015 and 2020. Asia-Pacific accounted for the largest share of the automotive sensors market in 2014 and is expected to grow at the highest CAGR during the forecast period. Companies like Robert Bosch GmbH (Germany), Continental AG (Germany), DENSO Corporation (Japan), Delphi Automotive Plc (U.K.), Autoliv Inc. (U.S.), Autoliv Inc. (U.S.), Sensata Technologies, Inc. (U.S.), Infineon Technologies AG (Germany), Freescale Semiconductor Ltd. (U.S.), and STMicroelectronics N.V. (Switzerland) have been profiled in this 203 pages research report available at http://www.rnrmarketresearch.com/automotive-sensor-market-by-product-pressure-temperature-level-speed-mems-oxygen-nox-application-powertrain-safety-control-vehicle-security-alternative-fuel-telematics-and-geography-market-report.html .
Explore more reports on Information Technology & Telecommunication market at http://www.rnrmarketresearch.com/reports/information-technology-telecommunication .
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