Position Sensor Market: Size, Share, Growth, Analysis, Key Players, Revenue, | Valuates Reports

Position Sensor Market Size
The global Position Sensor market was valued at US$ 4218.1 million in 2023 and is anticipated to reach US$ 5930.2 million by 2030, witnessing a CAGR of 4.5% during the forecast period 2024-2030.

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Position Sensor Market
A position sensor is any device that permits position measurement. It can either be an absolute position sensor or a relative one (displacement sensor). Position sensors can be linear, angular, or multi-axis.
The position sensor market for the automotive application is expected to grow at the highest rate between 2018 and 2023. Position sensors play an essential role in many parts of a high-tech or branded automobile. Position sensor finds its application in areas such as the body, powertrains as well as safety of the vehicle. Moreover, the growth of the automotive electronic control systems (ECS) due to the rising importance of safety and driver convenience feature is expected to significantly propel the demand for position sensors, thereby driving the growth of this market. Moreover, the market for automotive applications is witnessing an increasing demand across major regions such as APAC and Europe, thus this market is likely to grow with the highest rate between 2018 and 2023.
This report aims to provide a comprehensive presentation of the global market for Position Sensor, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Position Sensor.
Report Scope
The Position Sensor market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Position Sensor market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Position Sensor manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

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Segment by Type

• Photoelectric
• Linear
• Proximity
• Rotary

Segment by Application
• Test Equipment
• Material Handling
• Machine Tools
• Motion Systems
• Robotics
• Others

By Company

AMS, Honeywell, MTS Systems, Renishaw, TE Connectivity, Vishay Intertechnology, Panasonic, Infineon, Stmicroelectronics, Qualcomm, Allegro Microsystems, Bourns, Dr. Johannes Heidenhain, Hans Turck, Novotechnik Messwertaufnehmer, Siko

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