Position Sensor Market May Set New Growth Story | Honeywell International Inc., SICK AG, TE Connectivity, MTS Systems Corporation, ams AG., Vishay Intertechnology, Infineon Technologies AG and More

Data Bridge Market Research recently published a research report titled, "Position Sensor Market Report, History and Forecast to 2026, Breakdown Data by Manufacturers, Key Regions, Types and Application". The research report attempts to give a holistic overview of the Position Sensor Market by keeping the information simple, relevant, accurate, and to the point. The researchers have explained each aspect of the market thorough meticulous research and undivided attention to every topic. They have also provided data in statistical data to help readers understand the whole market. The report further provides historic and forecast data generated through primary and secondary research of the region and their respective manufacturers.

Global position sensor market is to register a substantial CAGR of 8.03 % in the forecast period to 2026. The rise in the market value can be attributed to the increasing focus on precise measurement by the companies.

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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

Important years considered in the study are:

Historical year - 2014-2019; Base year - 2019; Forecast period- 2020 to 2026

Key Players Mentioned in the Position Sensor Market Research Report: Honeywell International Inc., SICK AG, TE Connectivity, MTS Systems Corporation, ams AG., Vishay Intertechnology, Infineon Technologies AG, STMicroelectronics, Bourns, Inc., Allegro MicroSystems, LLC, Renishaw plc., HEIDENHAIN, Hans Turck GmbH & Co. KG, Novotechnik U.S. Inc.,, PIHER SENSORS AND CONTROLS SA., Hamamatsu Photonics K.K, Broadcom., General Electric, Methode Electronics., ifm electronic gmbh

If opting for the Global version of Position Sensor Market analysis is provided for major regions as follows:

North America (USA, Canada and Mexico)
Europe (Germany, France, the United Kingdom, Netherlands, Russia , Italy and Rest of Europe)
Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia, rest of countries etc.)
Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Nigeria and South Africa)

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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.

TABLE OF CONTENTS

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Research Methodology

Part 04: Market Landscape

Market Ecosystem
Market Characteristics
Market Segmentation Analysis

Part 05: Pipeline Analysis

Pipeline Analysis

Part 06: Market Sizing

Market Definition
Market Sizing
Market Size And Forecast

Part 07: Five Forces Analysis

Bargaining Power Of Buyers
Bargaining Power Of Suppliers
Threat Of New Entrants
Threat Of Substitutes
Threat Of Rivalry
Market Condition

Part 08: Market Segmentation

Segmentation
Comparison
Market Opportunity

Part 09: Customer Landscape

Part 10: Regional Landscape

Geographical Segmentation
Regional Comparison
North America
South America
Europe
MEA
APAC
Market Opportunity

Part 11: Decision Framework

Part 12: Drivers and Challenges

Market Drivers
Market Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Overview
Landscape Disruption

Part 15: Vendor Analysis

Vendors Covered
Vendor Classification
Market Positioning Of Vendors

Part 16: Appendix

List Of Abbreviations

See The Complete Table Of Contents And List Of Exhibits, As Well As Selected Illustrations And Example Pages From This Report.

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Reasons to Purchase this Report

Current and future of global radiology services market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
Regions/countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report

The report includes the complete segmentation displayed above across all above mentioned countries
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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