07-26-2017 09:12 AM CET - Advertising, Media Consulting, Marketing Research

Need For Better Fuel Efficiency Rotatory Position Sensors Market - Rising Investment For Incorporating Position Sensor Across Various Application In Automobiles, Manufacturing Infrastructure

Press release from: Transparency Market Research

A position sensor is a device which helps in the measurement of position or motion. Position sensors can be either relative position sensor (also known as displacement sensor) or absolute position sensor. Position sensors can also be linear, multi-axis, or angular. A linear position sensor is primarily used in measuring the linear displacement. Position sensors react to the location or movement of a target, for instance a pulley shaft or a molding press slide, by generating either an analogue or a digital output that is correlated to its location. Various linear position sensing technologies are available in the market. Rotary sensors are used extensively in industrial sector. They are primarily used to authenticate the performance of power and hand torque tools. A rotatory position sensor can quantify rotational angles from the output voltages. The basic working principle of a rotary sensor is that the rotation to be measured is connected to the motion of a slider in order to cause changes in the total resistance, which the sensor circuit transforms into variations in output voltage. Contrary to the trimmer potentiometers, the rotatory position sensors are exceptionally durable owing to their high rotational life features.

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The growth of the global rotatory position sensors market is fuelled by the rising investment for incorporating position sensor across various application in automobiles, manufacturing infrastructure, and rising implementation of position sensors in aerospace. Additionally, the market is driven by the rising trend in robotics application and industrial automation. These factors will be responsible for a sturdy growth of the rotatory position sensors market.

The global rotatory position sensors market can be segmented by type, application, and geography. By type the rotatory position sensors market can be divided into encoder, potentiometers, and resolvers. The encoder segment accounted for the largest market share in the global rotatory position sensors market. The use of encoders in a variety of applications including aerospace and military equipment is the main reason for the dominance for this segment in the market. By application, the market can be segregated into automotive & electronics & semiconductors sector, computing & transportation sector, industrial, power, mining & manufacturing sector, aerospace & defense sector, healthcare sector, and other sectors. The automotive and electronics & semiconductors sector is likely to hold a dominant position over the course of the forecast period from 2017 - 2025. Increasing demand for position sensing in various applications including steering wheel position, automatic gear selection, managing vehicle stability, and throttle controlling is projected to fuel the demand for this segment.

In terms of geography, the global automotive mirror system market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is a promising industry for consumer electronics devices including smartphones and laptops, and a lucrative regional sector in the field of industrial manufacturing. These factors are likely to drive the market in the region during the forecast period. Moreover, outsourcing of industrial activities to developing countries in the Asia Pacific region is expected to observe a strong demand for precision equipment as well as sensors in the region. Development of manufacturing sector in addition to tremendous demand for new machine tools in the Chinese market are likely to encourage the regional growth in the coming years. The vicinity to the U.S. market as well as free trade agreements with developed countries such as the U.S., Canada, and the European Union have driven the packaging machinery producers to start manufacturing in addition to assembling of components in countries including Brazil and Mexico. This in turn has given rise to high adoption of rotatory position sensors in the Latin American region. Additionally, increasing adoption of wireless sensor technology is anticipated to fuel the industry growth in the North America and Europe region.

Some of the key players operating in the rotatory position sensors market are Honeywell International Inc.( The U.S.), Sensata Technologies ( The U.S.), Sick AG ( Germany), Endress + Hauser (Switzerland), Curtiss-Wright Corporation ( The U.S.), Emerson Electric Co. ( The U.S.), Omron Corporation (Japan), Turck GmbH & Co. KG.( Germany), and Balluff GmbH (Germany).

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