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Position Sensors: Global Strategic Business Report

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    Report

  • 303 Pages
  • November 2023
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 2498177

Quick Summary:

As technologies evolve and complexities of the industrial landscape expand, the need for precise and dependable Position Sensors has emerged as an integral part of various applications, ranging from robotics to automotive industries. Our Position Sensors market report, one that projects a leap to a size of US$13 Billion by 2030 from its estimated US$5.1 Billion in 2022, serves as an essential instrument to grasp the dynamic market forces and understand the nuanced interplay among key segments, specifically Rotary and Linear Position Sensors.

The report delves into insightful datasets of the Position Sensors market landscape, varying between diverse geographical regions including the United States and China. It unravels pivotal growth trajectories, detailing an expected CAGR of 18.1% for China and an estimated US$1.4 Billion for the U.S. Position Sensors market in 2022. The comprehensive competitor analysis featured aids in identifying key players and competitive strategies, providing a holistic visualization of the Position Sensors market in the coming years. Furthermore, we supplement your purchase with complimentary updates for a year and an online interactive peer-to-peer collaborative bespoke updates platform, solidifying our report as an asset to your decision-making processes.

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

What's New?

  • 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
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Frequently Asked Questions about the Global Market for Position Sensors

What is the estimated value of the Global Market for Position Sensors?

The Global Market for Position Sensors was estimated to be valued at $4.6 Billion in 2020.

What is the growth rate of the Global Market for Position Sensors?

The growth rate of the Global Market for Position Sensors is 10.4%, with an estimated value of $9.2 Billion by 2027.

What is the forecasted size of the Global Market for Position Sensors?

The Global Market for Position Sensors is estimated to be worth $9.2 Billion by 2027.

Who are the key companies in the Global Market for Position Sensors?

Key companies in the Global Market for Position Sensors include ASM Automation Sensorik Messtechnik GmbH, Balluff Gmbh, Bourns Inc., CTS Corp., Curtiss, Wright Corp., Honeywell International, Inc., IFM Electronic Gmbh, Infineon Technologies AG and Micro.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Position Sensors Market: A Curtain Raiser
  • Key Measures to Achieve Accurate and Reliable Position Sensors
  • Saving Costs without Compromising Quality
  • Identifying Accurate Measurement Performance
  • Selecting Non-Contact Sensors
  • Adopting Safety Measures
  • Minimizing Calibration of Individual Sensor
  • Inductive or Magnetic Encoders for Wet Environments
  • Recent Market Activity
  • Improvement in Global GDP Performance to Benefit Market Growth
  • Current Eurozone Economic Outlook
  • Market Outlook
  • Advanced Functions Drive Adoption in End-Use Industries
  • Position Sensors: Competitive Landscape
  • Position Sensors - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Market Outlook
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • ASM Automation Sensorik Messtechnik GmbH (Germany)
  • Balluff Gmbh (Germany)
  • Bourns Inc. (USA)
  • CTS Corporation (USA)
  • Curtiss-Wright Corporation (USA)
  • Honeywell International Inc. (USA)
  • IFM Electronic Gmbh (Germany)
  • Infineon Technologies AG (Germany)
  • Melexis Microelectronic Integrated Systems N.V. (Belgium)
  • Micro-Epsilon (USA)
  • MTS Systems Corporation (USA)
  • Murata Manufacturing Company, Ltd. (Japan)
  • Novotechnik (Germany)
  • Panasonic Corporation (Japan)
  • Piher Sensors & Controls SA (Spain)
  • Sensata Technologies, Inc. (USA)
  • SICK AG (Germany)
  • Siemens AG (Germany)
  • Stoneridge Inc. (USA)
  • TE Connectivity (Switzerland)
  • Turck Inc. (USA)
  • Vishay Intertechnology, Inc. (USA)
  • ZF Friedrichshafen AG (Germany)
3. MARKET TRENDS & DRIVERS
  • Improving Automotive Production to Benefit Automotive Position Sensors
  • Opportunity Indicators
  • Linear Position Sensor Market Continues to Post Consistent Growth
  • Healthy Commercial Aerospace Outlook & Aircraft Production Provides Strong Opportunities for Growth
  • Opportunity Indicators
  • Automation of Industrial Processes to Benefit Industrial Position Sensors
  • Developments in IoRT Fuelling Magnetic Position Sensors Market
  • Growing Use of Industrial Robotics As an Automation Production Strategy Bodes Well for Position Sensors
  • Position Sensors in Machine Tools to Witness Growth
  • Opportunity Indicators
  • Rapid Uptake in Smartphones and Other Consumer Electronics Drives Growth
  • Steady Growth in Oil & Gas Industry to Sustain Demand for Position Sensors Market
  • Rising Focus on Wind Energy to Benefit Position Sensors Used in Wind Turbines
  • Building & Home Automation: Another Potential Vertical for Position Sensors
  • Elevator Systems: An Important Area for Position Sensors in Building/Home Automation
  • Opportunity Indicator
  • Prices of Sensors to Decline in the Medium to Long-Term - Drive Volume Gains
  • Non-Contact Position Sensors Wax in Popularity
  • Smart Position Sensors Gain Market Acceptance
  • Optical Position Sensors Poised to Further Widen their Market Footprint
  • Automotive and Consumer Electronics Applications Fuel Demand
  • Consumer Electronics - The Leading Application Category
  • Key Growth Drivers and Challenges
  • Angular Position Sensors Gathering Steam
  • Use in Critical Environments Drives Angular Position Sensor Demand
  • On-Chip Position Sensors Grow in Popularity
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Position Sensors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Position Sensors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 3: World 16-Year Perspective for Position Sensors by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Rotary Position Sensors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 5: World Historic Review for Rotary Position Sensors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 6: World 16-Year Perspective for Rotary Position Sensors by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Linear Position Sensors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 8: World Historic Review for Linear Position Sensors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 9: World 16-Year Perspective for Linear Position Sensors by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Non-Contact by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 11: World Historic Review for Non-Contact by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 12: World 16-Year Perspective for Non-Contact by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Contact by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 14: World Historic Review for Contact by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 15: World 16-Year Perspective for Contact by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Digital by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 17: World Historic Review for Digital by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 18: World 16-Year Perspective for Digital by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Analog by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 20: World Historic Review for Analog by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 21: World 16-Year Perspective for Analog by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Manufacturing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 23: World Historic Review for Manufacturing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 24: World 16-Year Perspective for Manufacturing by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 25: World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 26: World Historic Review for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 27: World 16-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 28: World Recent Past, Current & Future Analysis for Aerospace by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 29: World Historic Review for Aerospace by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 30: World 16-Year Perspective for Aerospace by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 31: World Recent Past, Current & Future Analysis for Packaging by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 32: World Historic Review for Packaging by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 33: World 16-Year Perspective for Packaging by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 34: World Recent Past, Current & Future Analysis for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 35: World Historic Review for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 36: World 16-Year Perspective for Healthcare by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 37: World Recent Past, Current & Future Analysis for Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 38: World Historic Review for Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 39: World 16-Year Perspective for Electronics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 40: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 41: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 42: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 43: World Position Sensors Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Position Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
CANADA
JAPAN
  • Position Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
CHINA
  • Position Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
EUROPE
  • Position Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
FRANCE
  • Position Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
GERMANY
  • Position Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
ITALY
UNITED KINGDOM
  • Position Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Position Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
AUSTRALIA
  • Position Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
INDIA
  • Position Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Position Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Position Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Position Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 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