Press release
Position Sensors Market Size, Share, Trends, Industry Analysis And Global Forecast 2023-2032
Position Sensors Market Report
The Business Research Company's Position Sensors Global Market Report 2023 identifies the increasing awareness regarding vehicle safety as the major driver for the position sensors market's growth in the forecast period. The awareness regarding vehicle safety is increasing due to various reasons such as a reduction in the occurrence of vehicle accidents and their consequences, regulatory safety standards, and others. In vehicles, position sensors are used to identify the position of the steering wheel, pedals, seats, and numerous valves, knobs, and actuators, enabling vehicle safety.
The global position sensors market size will grow from $5.06 billion in 2022 to $5.56 billion in 2023 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the position sensors is expected to grow to $8.91 billion in 2027 at a CAGR of 12.5%.
Download Free Sample Of Position Sensors Market Report -
https://www.thebusinessresearchcompany.com/sample_request?id=6554&type=smp
Major competitors in the position sensors market are Honeywell International Inc., AMS AG, TE Connectivity Ltd., Vishay Intertechnology Inc., Infineon Technologies.
A key trend in the position sensors market includes product innovation These sensors are designed to match the accuracy and latency of resolvers while offering maximum output, improved safety, and other improved features. Companies with these sensors aim to meet the demand for innovative products and strengthen their market position. For instance, in June 2020, Microchip Technology Inc., a US-based technology company that manufactures microcontrollers and mixed-signal devices, launched the LX34070 IC. LX34070 IC is an innovative industrial position sensor consisting of differential outputs, quick sample rates, and other features. It complies with ISO 26262 and is categorized as having Automotive Safety Integrity Level-C (ASIL-C). This innovative position sensor enables more cost-effective, lighter, smaller, and more dependable motor control solutions that can operate smoothly and precisely in the noisy environment of an automobile's DC motors, high currents, and solenoids.
Read More On The Global Position Sensors Market Report Here:
https://www.thebusinessresearchcompany.com/report/position-sensors-global-market-report
The position sensors market is segmented -
•By Type: Linear Position Sensors, Rotary Position Sensors
•By Contact Type: Non-Contact Type, Contact Type
•By Output: Digital Output, Analog Output
•By Application: Machine Tools, Robotics, Motion Systems, Material Handling, Test Equipment, Other Applications
•By End-User Industry: Manufacturing, Automotive, Aerospace, Packaging, Healthcare, Electronics, Other End Users Industries
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the position sensors market.
The Business Research Company's "Global Position Sensors Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
Explore Buying Options For The Position Sensors Market Report Here:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6554
The Table Of Content For The Position Sensors Market Include:
1. Executive Summary
2. Position Sensors Market Characteristics
3. Position Sensors Market Trends And Strategies
4. Position Sensors Market - Macro Economic Scenario
5. Position Sensors Market Size And Growth
……
26. Africa Position Sensors Market
27. Position Sensors Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Position Sensors Market
29. Position Sensors Market Future Outlook and Potential Analysis
30. Appendix
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Position Sensors Market Size, Share, Trends, Industry Analysis And Global Forecast 2023-2032 here
News-ID: 3277127 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Position
Evolving Market Trends In The Automotive Position Sensor Industry: Innovative Ha …
The Automotive Position Sensor Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Automotive Position Sensor Market Size During the Forecast Period?
The automotive position sensor market has grown strongly in recent years. It will grow from $5.68 billion in 2024 to $6.09…
Prominent Automotive Position Sensor Market Trend for 2025: Innovative Hall Tech …
What combination of drivers is leading to accelerated growth in the automotive position sensor market?
The automotive position sensor market's expansion is predicted to be fueled by increasing demand for electric vehicles. Powered by electric motors, electric vehicles utilize rechargeable batteries or other energy storage devices for operation. Rising environmental awareness, technological advancements, governmental incentives, and expanding availability of charging infrastructure are all factors contributing to the growing demand for these…
Magnetic Position Sensor ICs Market
Magnetic position sensor ICs are tiny integrated circuits that detect the location of a magnet. They use the magnetic field to determine the magnet's position, either linear or rotary, without physically touching it. Magnetic position sensor ICs represent a transformative technology that is revolutionizing position sensing across various industries. As companies embrace automation, electrification, and innovation, magnetic position sensor ICs are poised to play an increasingly pivotal role in…
Reliance Medical Strengthens Its Retail Position
Reliance Medical, the UK's leading B2B first aid and medical device manufacturer, has acquired all trading assets of CMS Medical; formerly of Featherstone, UK.
Acquisitions are not new to Reliance Medical, having successfully integrated other significant UK first aid brands; Frank Sammeroff and Lewis's Medical Supplies. CMS will be no exception to this well-trodden path to successful integrations.
Reliance Medical has built its international reputation over the past 14 years through…
Precision without Position Sensor
Phase shifters are used in laser measurement to align optical path lengths. These move optics in the range of a wavelength, which corresponds to an adjustment range of less than one micrometer. It is crucial for the alignment to take place quickly and in a stable manner.
For the new S-303.BL phase shifter, PI (Physik Instrumente) replaces classic piezo ceramic PZT actuators (made of lead titanate - lead zirconate) with pico…
Messer consolidates market position in Austria
On 2 May 2011, Messer Austria acquired the gas business of Sapio Gase GmbH.
Messer Austria, the Austrian subsidiary of Messer, the largest privately run specialist for industrial gases, intends to consolidate its market position in Upper Austria through its purchase of the gas business of Sapio Gase GmbH. The transaction was completed on 2 May 2011. Sapio Gase, a subsidiary of SAPIO, an Italian company, has a strong presence in…
