Elevating Vehicle Safety The Rising Awareness Driving Position Sensors Market Growth: Strategic Insights Driving Position Sensors Market Momentum in 2025

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

How Large Will the Position Sensors Market Size By 2025?
The market size for position sensors has seen significant growth lately. It is estimated to increase from $6.32 billion in 2024 to $6.91 billion in 2025, at a compound annual growth rate (CAGR) of 9.4%. Factors contributing to this growth during the historic period include advancements in automotive and robotics, the need for precise motion tracking, the expansion of industrial automation and control, its application in consumer electronics and gaming, and regulatory standards for sensor safety.

How Big Is the Position Sensors Market Size Expected to Grow by 2029?
The market for position sensors is projected to experience robust growth in the coming years, escalating to a value of $9.9 billion by 2029 with a 9.4% compound annual growth rate (CAGR). This expansion in the prediction period is due to factors such as downsizing and high-fidelity position sensors, the surge in self-driving cars and drones, bespoke sensors for unique applications, the development of intelligent cities and Internet of Things (IoT), and elevated usage in wearable devices and human-machine dialogues. Anticipated trends in the forecast duration involve LiDAR and optical position sensors, compliance with sensor safety regulations, intelligent and adjustable position sensors, convergence of various sensor technologies, and cooperation between position sensors and 5G networks.

View the full report here:
https://www.thebusinessresearchcompany.com/report/position-sensors-global-market-report

Which Key Market Drivers Powering Position Sensors Market Expansion and Growth?
A surge in concern over vehicular safety is anticipated to fuel the expansion of the position sensors market. This growing consciousness is a result of several factors such as a decrease in automobile accidents and their effects, regulatory safety rules, and more. Position sensors in cars assess the location of the steering wheel, pedals, seats, plus many valves, dials, and actuators, thus contributing to vehicle safety. As an example, the US government agency, the National Highway Traffic Safety Administration, reported an estimated 5,930,496 police-reported traffic crashes in 2022, resulting in 42,514 deaths and roughly 2,382,771 injuries. Consequently, the heightened concern regarding vehicle safety is expected to be a catalyst for the growth of the position sensors market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6554&type=smp

What Are the Key Trends Driving Position Sensors Market Growth?
Major firms involved in the Position Sensors market are prioritizing the creation of high-tech solutions such as the Hall-effect sensor IC to improve accuracy, dependability, and energy efficiency in a range of applications. The Hall-effect sensor IC, which identifies magnetic field via the Hall effect and generates a voltage when exposed to a magnetic field, is extensively utilized in the automotive, industrial and consumer electronics sectors for accurate position, speed, and proximity detection. For example, in October 2023, TDK Corporation, an electronics corporation based in Japan, launched the HAL 3927, a new position sensor that leverages its advanced 3D HAL technology. This sensor provides high-precision position measurements with a very low angular error of ±1.0°, making it ideal for precision-oriented applications in the automotive and industrial sectors. Its dual output options, such as ratiometric analog and SENT interface, provide increased flexibility, simplify integration into various systems and comply with safety standards like ISO 26262.

What Are the Emerging Segments in the Position Sensors Market?
The position sensors market covered in this report is segmented -

1) By Type: Linear Position Sensors, Rotary Position Sensors
2) By Contact Type: Non-Contact Type, Contact Type
3) By Output: Digital Output, Analog Output
4) By Application: Machine Tools, Robotics, Motion Systems, Material Handling, Test Equipment, Other Applications
5) By End-User Industry: Manufacturing, Automotive, Aerospace, Packaging, Healthcare, Electronics, Other Ens-Users

Subsegments:
1) By Linear Position Sensors: Potentiometric Linear Position Sensors, Linear Variable Differential Transformers (LVDT), Magnetic Linear Position Sensors, Optical Linear Position Sensors
2) By Rotary Position Sensors: Potentiometric Rotary Position Sensors, Rotary Encoders, Magnetic Rotary Position Sensors, Optical Rotary Position Sensors

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=6554&type=smp

Who Are the Global Leaders in the Position Sensors Market?
Major companies operating in the position sensors market include Honeywell International Inc., Siemens AG, Robert Bosch GmbH, Analog Devices Inc., Texas Instruments Incorporated, Panasonic Corporation, Renishaw plc, Omron Corporation, Microchip Technology Incorporated, Infineon Technologies AG, Beckhoff Automation GmbH & Co. KG, TE Connectivity Ltd., Kaman Aerospace Corporation, SICK AG, LEM Holding SA, Bourns, Inc., Novotechnik US Inc., Celesco Transducer Products Inc., Applied Measurements Ltd., Balluff GmbH, Posital Fraba Inc., SensoGuard GmbH, ASSEMBLY Technologies Inc., ZF Friedrichshafen AG, FSG Fussl GmbH, Omega Engineering Inc., Proxitron GmbH, Schaeffler Technologies AG & Co. KG, Keyence Corporation, Magnescale Co. Ltd.

Which are the Top Profitable Regional Markets for the Position Sensors Industry?
North America was the largest region in the position sensors market in 2024. The regions covered in the position sensors market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6554

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.