+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Position Sensors - Global Market Trajectory & Analytics

  • ID: 2498177
  • Report
  • April 2021
  • Region: Global
  • 342 Pages
  • Global Industry Analysts, Inc
Global Position Sensors Market to Reach $7.8 Billion by 2027

Amid the COVID-19 crisis, the global market for Position Sensors estimated at US$4.9 Billion in the year 2020, is projected to reach a revised size of US$7.8 Billion by 2027, growing at a CAGR of 6.7% over the period 2020-2027. Rotary Position Sensors, one of the segments analyzed in the report, is projected to record 6.6% CAGR and reach US$4.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Linear Position Sensors segment is readjusted to a revised 7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 10.3% CAGR

The Position Sensors market in the U.S. is estimated at US$1.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.7 Billion by the year 2027 trailing a CAGR of 10.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 6.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% 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
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. 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
  • 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

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 102
Note: Product cover images may vary from those shown
Adroll
adroll