Position Sensors Market Industry Key Trends, Demand, Growth, Size, Review, Share, Analysis to 2027 | Infineon Technologies, NXP Semiconductors

The new study on the Global Position Sensors Market 2021-2027 analyzes the crucial capabilities, key infrastructures, major organizations, evaluates measures to attain potential success in the Position Sensors industry. Because of the in-depth overview of the world Position Sensors market, the recent document allows investors, traders, and manufacturers to plan some innovative techniques, and meanwhile, align them with operational and commercial enterprise models. Additionally, the Position Sensors market report provides crucial facets at the technological modifications that gained the market, competitive environment, behavioral updates, and so on.

In regards to explaining powerful insights of the global Position Sensors market, the research report permits the investors and stakeholders to grab different techniques to extend distinct commercial patterns and practices. Besides this, the market report offers important statistics about the worldwide Position Sensors market such as opportunities, threats, main drivers, and key restraints of the Position Sensors market in the period of the years 2021-2027.

The global Position Sensors market exhibited moderate growth during 2021-2027. Looking forward, the market to grow at a CAGR of around 10.6%.

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The leading market players listed are:

Analog Devices, Avago Technologies, Bosch Sensortec, Bourns, Continental Corporation, CTS Corporation, Delphi Automotive, Denso Corporation, GE Measurement & Control Solutions, Gill Sensor& Control, Hella, Infineon Technologies, NXP Semiconductors, Sensata Technoliges, TRW Automotive, Stoneridge

Market Overview:

The proliferation of advanced farming practices through precision agriculture is the major driving factor behind the expansion of the position sensor market, globally.

North America constituted the largest share in the overall market in 2019. The increasing rate of adoption of precision farming in the United States and Canada contributed to gaining the largest share in the region. 

The market for position sensors is consolidated with a few notable players occupying the largest market share. The major players dealing in position sensors for the agricultural sector include Honeywell International Inc., TE Connectivity, Balluff Inc, Baumer, Novotechnik, and Sensor Solutions Corp., among others. 

Scenario for Covid-19:

Several countries' businesses and manufacturing facilities suffered during the initial period of the pandemic's shutdown. During this time, deferred facilities and interrupted supply chains were the main roadblocks to market expansion.

Nonetheless, as a result of the obligatory preventative measures in place to limit the disease's spread, most of the regions have improved or are recovering. Vaccination drives are also becoming more popular in the region, which is helping to propel the sector forward.

Market Analysis:

Agriculture 4.0, a term coined in the World Government Summit, in the form of smart agricultural practices and precision farming is increasingly driving the position sensor market, globally. The total number of Internet-of-Things (IoT)-based cellular devices installed in agriculture rose to 1.4 million to 2018 from 0.8 million in 2016, globally. According to the US Department of Agriculture (USDA), GPS guidance systems, that use sensor outputs to accurately position a vehicle, were adopted across 45-55% of the area planted with major agricultural crops in the US during the period 2010-2013.

The Australian Department of Agriculture and Water Resources and the European Environment Agency both reported that the regions have witnessed a considerable increase in farm sizes with a declining number of farms, thus, signifying the potential scope for expansion of the position sensor market in those regions.

Types of Products:

Passenger Vehicle
Commercial Vehicle

Application spectrum:

Multi-axis
Angular
Linear

Industrial News:

North America has been at the forefront of the deployment of position sensors in the field of agriculture. The region contributed the largest share to the overall position sensor market in 2019. The United States was the largest market in the North American region. According to a report by the Economic Research Services, USDA, large-holding farms are more likely to adopt precision agriculture technologies including position sensors.

As the average farm size is increasing at the rate of two acres per farm since 2012 with the total number of farms declining by 12,000 to 2.05 million in 2017, the large-holding farmers are well-positioned to use position sensors in tractors and harvesters to automatically identify field surroundings and respond to variations. 

Regions and Countries Level Analysis:

Regional analysis is another highly comprehensive part of the research and analysis study of the global Position Sensors market presented in the report. This section sheds light on the sales growth of different regional and country-level Position Sensors markets. For the historical and forecast period 2021 to 2027, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global Position Sensors market.

The report offers an in-depth assessment of the growth and other aspects of the Position Sensors market in important countries (regions), including:

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, etc.)

Middle East & Africa (Saudi Arabia, Egypt, Nigeria, and South Africa)

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Research Objectives:

To study and analyze the global Position Sensors consumption (value) by key regions/countries, product type and application, history data from 2021 to 2027, and forecast to 2027.
To understand the structure of the Position Sensors market by identifying its various subsegments.
Focuses on the key global Position Sensors manufacturers, to define, describe and analyze the value, market share, market competition landscape, Porter's five forces analysis, SWOT analysis, and development plans in the next few years.
To analyze the Position Sensors with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges, and risks).
To project the consumption of Position Sensors submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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Customization:

The Global Position Sensors market report may be modified to meet your specific business needs. Because we understand what our clients want, we provide 25% customization for any of our syndicated reports at no additional cost to all of our clients.

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