Global Position Sensors Market to Reach $13 Billion by 2030
The global market for Position Sensors estimated at US$5.1 Billion in the year 2022, is projected to reach a revised size of US$13 Billion by 2030, growing at a CAGR of 12.4% over the analysis period 2022-2030. Rotary Position Sensors, one of the segments analyzed in the report, is projected to record 11.8% CAGR and reach US$7.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Linear Position Sensors segment is readjusted to a revised 13.2% CAGR for the next 8-year period.The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 18.1% CAGR
The Position Sensors market in the U.S. is estimated at US$1.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2030 trailing a CAGR of 18.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.9% and 11% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.2% CAGR.Select Competitors (Total 102 Featured) -
- ASM Automation Sensorik Messtechnik GmbH
- Balluff Gmbh
- Bourns Inc.
- CTS Corp.
- Curtiss-Wright Corp.
- Honeywell International, Inc.
- IFM Electronic Gmbh
- Infineon Technologies AG
- Micro-Epsilon
- MTS Systems Corp.
- Murata Manufacturing Company, Ltd.
- Novotechnik
- Panasonic Corp.
- Piher Sensors & Controls SA
- Sensata Technologies, Inc.
- SICK AG
- Siemens AG
- Stoneridge Inc.
- TE Connectivity
- Turck Inc.
- Vishay Intertechnology, Inc.
- ZF Friedrichshafen AG
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- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ASM Automation Sensorik Messtechnik GmbH
- Balluff Gmbh
- Bourns Inc.
- CTS Corp.
- Curtiss-Wright Corp.
- Honeywell International, Inc.
- IFM Electronic Gmbh
- Infineon Technologies AG
- Micro-Epsilon
- MTS Systems Corp.
- Murata Manufacturing Company, Ltd.
- Novotechnik
- Panasonic Corp.
- Piher Sensors & Controls SA
- Sensata Technologies, Inc.
- SICK AG
- Siemens AG
- Stoneridge Inc.
- TE Connectivity
- Turck Inc.
- Vishay Intertechnology, Inc.
- ZF Friedrichshafen AG
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 303 |
Published | April 2024 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 4.6 Billion |
Forecasted Market Value ( USD | $ 9.2 Billion |
Compound Annual Growth Rate | 10.4% |
Regions Covered | Global |