Magnetostrictive Position Sensors Market Statistics and Growth Prediction 2021- MTS Sensors, BALLUFF, ASM Sensor, MEGATRON, TURCK

This report discusses many vital industry facets that influence Global Magnetostrictive Position Sensors industry acutely which includes extensive study of competitive edge, latest advancements, region-wise industry environment, contemporary market and manufacturing trends, leading market contenders, and current consumption tendency of the end user. The report also oversees market size, market share, growth rate, revenue, and CAGR reported previously along with its forecast estimation. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Sodium-ion Battery investments from 2021 till 2027.

Magnetostrictive Position Sensors Market is projected to grow from USD 4.7 billion in 2020 to USD 7.3 billion by 2025 at a CAGR of 9.2%.

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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendors/manufacturers in the market. The key manufacturers covered in this report: MTS Sensors, BALLUFF, ASM Sensor, MEGATRON, TURCK, AMETEK Gemco, TSM SENSORS SRL, GEFRAN

Industry Recent Developments and Updates

Allegro launches new magnetic-position sensor for automotive applications- Allegro MicroSystems, Inc., a global provider in power and sensing solutions for motion control and energy-efficient systems, has announced the release of the A31315 sensor — the newest member of the 3DMAG family of rotary and linear magnetic-position sensor ICs for automotive and industrial applications.

ASM Sensors introduces PCFP25 magnetostrictive position sensor- ASM Sensors introduces the PCFP25 series, the latest addition to the POSICHRON family of magnetostrictive linear position sensors in the thinnest available industrial grade housing that is only 0.32 in. high and 1.10 in. wide. This non-contact position sensor is maintenance-free due to magnetostrictive sensing technology and was developed for use in limited space areas.

Allegro’s New 3DMAG Magnetic Position Sensor Enables Next-Generation ADAS Applications- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing solutions for motion control and energy-efficient systems, today announced the release of the A31315 sensor, the newest member of the 3DMAG™ family of rotary and linear magnetic position sensor ICs for automotive and industrial applications

Market Overview

A position sensor is a device that is used to detect the movement of an object and converts these into signals suitable for processing, transmission, or control. Position Sensors can also be used as a detect the presence of an object or its absence. Position Sensors detect the position of which means they are referenced to or from a fixed point or position. Positional feedback is provided by these sensors. The method of deciding a location is to use either "distance," which can be the distance between two points such as the distance travelled or moved away from a fixed point, or "rotation," which is the distance between two points such as the distance travelled or moved away from a fixed point. There are wide range of sensors available, however, that vary on the following parameters such as measurement range, resolution, accuracy, repeatability, linearity, size & weight, and operating temperature range. Position sensors have numerous applications and are at the heart of automated process.

The magnetic position sensors act as an ideal solution for offering precision angle measurement in the joints of industrial & collaborative robots. These sensors provide low cost and low power alternatives compared to the traditional measurement technologies in industrial robots. The increasing government initiatives to accelerate robotics R&D and innovations will further propel the industry growth.

Magnetostrictive Position Sensors Market Segmentation:

Breakdown Data by Type

Petroleum Industry

Chemical Industry

Pharmaceutical Industry

Food Industry

Other Industries

Magnetostrictive Position Sensors Breakdown Data by Application

Analog Type

Digital Type

Regional and Country-level Analysis

The report offers an exhaustive geographical analysis of the global Magnetostrictive Position Sensors market, covering important regions, viz, North America, Europe, China, and Japan. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.

Strategic Points Covered in TOC:

The report focuses on global major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials, equipment and downstream consumers analysis is also carried out. What's more, the Magnetostrictive Position Sensors industry development trends and marketing channels are analyzed. Finally, the feasibility of new investment projects is assessed, and overall research conclusions are offered.

Magnetostrictive Position Sensors market research includes the methodical description of the various factors such as the market growth and detailed information about the different company’s revenue, technological developments, production, and the various other strategic developments. The regional spaces of significant components, including the capacity, cost, price, technology, supplies, profit, and competition are analyzed.

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Magnetostrictive Position Sensors Analysis and Strategies Carry Out as below:

The report elucidates a gist of the tried-and-tested as well as innovative strategies undertaken by potential stakeholders with regards to the marketing of the product.
The sales channels chosen (that include direct as well as indirect marketing) by the companies are briefly enumerated in the Magnetostrictive Position Sensors market report.
The distributors of these products and a gist of the top-of-the-notch customers for the same are also encompassed in the study.
The report is inclusive of the pivotal driving forces influencing the commercialization landscape of the Magnetostrictive Position Sensors market and their impact on the revenue scale of this business sphere.
The rising product demand from the key geographies as well as the pivotal applications and potential business arenas are also included in the Magnetostrictive Position Sensors Market report.

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Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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