Position Sensor Market Size, Share, Opportunities, And Trends By Type (Potentiometric Position Sensor, Capacitive Position Sensor, Rotary Position Sensor, Others), By Specification (Contact, Contactless), By Application (Material Handling, Test Equipment, Machine Tool, Robotics, Motion Systems, Others), By Industry (Consumer Electronics, Automotive, Aerospace And Defense, Packaging, Manufacturing, Others), And By Geography - Forecasts From 2024 To 2029

The position sensor market is expected to attain US$11.795 billion by 2029, at a CAGR of 8.22% from US$7.947 billion in 2024.

A position sensor is a type of electrical device that is used to measure or detect an object's position. Position sensor helps to measure multiple parameters, like displacements, distance, position, or length to automate. It also calculates the distance traveled by the body from one point to another. The position sensors are used across multiple industries, which include automotive, aerospace, industrial, and healthcare among others. The position sensor market is estimated to grow significantly with the growth of the automotive and automation sectors across the globe.

Under the global position sensor market by type segment, the potentiometric position sensor category is anticipated to attain a greater market share, however, the contact category of the specification segment will expand massively. By application, the motion system category and the automotive category under the industry segment are also estimated to expand significantly.

The position sensors come in multiple types, which offer a wide range of applications across multiple industries. Some of the position sensors include linear position sensors, rotary or angular position sensors, inductive position, and potentiometric position sensors. The linear position sensors are generally used for the measurement of linear movement and can be used across industrial and scientific applications. Similarly, the rotary or angular position sensor helps to detect or monitor the movement of an object, and it can also further convert the movement into the mechanical angular position. This type of sensor offers a highly reliable and extremely precise measurement.

The position sensors ensure multiple advantages over other sensors and can be used across multiple industries. The measurement of the position sensors is extremely accurate and also ensures high-resolution data. These sensors also can be used under extreme or harsh environmental conditions, making this an ideal option for industrial and infrastructural applications. Likewise, the position sensor also offers a cost-effective solution with easy maintenance and higher reliability.

The growth of the automotive industry worldwide is projected to push the position sensor market forward. Similarly, the position sensor market is also expected to observe massive growth with the expansion in the global automation landscape. In the industrial automation sector, the position sensor is used across the manufacturing system, allowing for accurate object detection along the assembly units.

Position Sensor Market Drivers:

• Global increase in the market demand of the automotive industry.

The increase in the global automotive market demand and production is expected to act as one of the major driving factors for the growth of the global position sensor market. This type of sensor offers a key application in an automotive system, as it helps to measure the complex angle in an automotive system. The position sensors are used in automotive electric motors and electric power steering systems. The position sensor is also used to measure and monitor the position of several moving parts in the automobile.

The International Organization of Motor Vehicle Manufacturers (OICA), in its global production report, detailed that automotive production across the world increased significantly. The agency stated that in 2021, a total of about 80.004 million units of automobiles were produced, which increased to about 84.830 million units in 2022. Making a major growth in 2023, the total production of automobiles reached 93.546 million.

• Increasing trend of automation and technological advances

The growth of the automation and technological landscape across industrial settings is also predicted to push the global position sensor market forward. Many manufacturers lean toward automation of industrial activities as it offers sophisticated technologies, like Industry 4.0, which can further help to gain traction in the market. Similarly, automation also helps to boost production while simultaneously reducing the risk of error. Several businesses and industries have enhanced their focus on infrastructure and technological development by implementing automated machine tools, resulting in a growth in demand for position sensors.

The position sensors are critical for ensuring vehicle compliance with emission regulations. With the introduction of major scientific advancements in optical position sensors, effective and compact modules and chipsets with additional capabilities are developed. The market demand for high-speed precision control and monitoring of machines in the industrial landscape has also increased, opening up new growth opportunities.

Position Sensor Market Geographical Outlook

• Asia Pacific is forecasted to hold a major share of the global Position Sensor Market.

The Asia Pacific region is expected to witness rapid growth in the global position sensor market, during the projected period, which can be attributed to the emerging trend of automation in the industrial and manufacturing landscape, the healthcare sector, and the packaging industries. Similarly, the increasing demand for consumer electronics, like smartphones and wearables will also drive the market demand for position sensors forward. The Asia Pacific region is predicted to rise as its population grows, R&D investments increase, and the manufacturing and electronics sectors expand.

Additionally, in countries such as India, China, Japan, and Taiwan, the growing demand for passenger vehicles is also estimated to propel the regional position sensors market growth. Countries in the Asia Pacific region, such as China, India, Japan, and Vietnam, are among the biggest producers of automobiles worldwide. International Organization of Motor Vehicle Manufacturers (OICA), in its global automotive production statistics, stated that out of 84.830 million total units of automotive produced globally in 2022, 50.021 million units were produced in the Asia-Oceania region. This figure increased to 55.115 million units in 2023 out of 93.546 million units produced globally.

The Position Sensor Market Products Offered by Key Companies:

• Honeywell International Inc. is a multinational organization that offers products and services across multiple industries, including aerospace technology, building automation, healthcare, energy & sustainability solutions, IT, and industrial automation. In the position sensor market globally, Honeywell offers multiple types of position sensors, like aerospace position measurement, magnetic position sensors, proximity sensors, and precision conductive plastic potentiometers.
• ams-OSRAM AG is among the global experts in light and sensor solutions. The company aims to expand innovation and cutting-edge technology across the illumination, visualization, and sensor sectors. The company's products include LEDs, Laser, photodetectors, sensors, lamps, interfaces, and multi chips. The company offers its products and solutions for application across industries like automotive, industrial, medical & health, mobile & wearable, lighting, and computing. It offers motor position sensing, angle position, and linear movement sensing technologies in the global position sensor market.

The Position Sensor Market Key Developments:

• In April 2024, Honeywell International Inc., which offers a wide range of products and services across multiple industries, announced that the company had developed innovative and lightweight sensor technology for the Lilium jet. Lilium is a global sustainable corporation that aims to develop a zero-emission, high-speed jet for regional transport. Honeywell developed and supplied propulsion unit position sensors for the jet, and these sensors are sure to play a critical role in accurately sensing the position of the engine.
• In January 2024, Infineon Technologies AG, a global leader in semiconductor manufacturing, announced that it had developed a magnetic position sensor using linearized tunnel magnetoresistance (TMR) technology. The new sensor includes an extremely small design that consists of only 6-ball wafer-level packaging.
• In October 2023, Renesas Electronics Corporation announced that the company successfully developed a cost-effective and highly accurate motor position sensing technology. Renesas, a global supplier of semiconductors and microcontrollers, offers its products and solutions to multiple industries like automotive, industrial, infrastructure, and IoT. The company further announced that the new sensing technology is based on the inductive position sensor, which can be used in industrial applications, robotics, and medical devices. This sensor offers a rotational speed of about 600krpm (electrical) and an accuracy of up to 14 bits.

Position Sensor Market Scope:

Report Metric	Details
Position Sensor Market Size in 2024	US$7.947 billion
Position Sensor Market Size in 2029	US$11.795 billion
Growth Rate	CAGR of 8.22%
Study Period	2019 to 2029
Historical Data	2019 to 2022
Base Year	2024
Forecast Period	2024 – 2029
Forecast Unit (Value)	USD Billion
Segmentation	Type Specification Application Industry Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in Position Sensor Market	CTS Corporation Ams-OSRAM AG TE Connectivity Honeywell International Inc. Infineon Technologies AG
Customization Scope	Free report customization with purchase

 

The Position Sensor Market is segmented and analyzed as:

• By Type
  • Potentiometric Position Sensor
  • Capacitive Position Sensor
  • Rotary Position Sensor
  • Others
• By Specification
  • Contact
  • Contactless
• By Application
  • Material Handling
  • Test Equipment
  • Machine Tool
  • Robotics
  • Motion Systems
  • Others
• By Industry
  • Consumer Electronics
  • Automotive
  • Aerospace and Defense
  • Packaging
  • Manufacturing
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • UK
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. The Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. POSITION SENSOR MARKET BY TYPE

5.1. Introduction

5.2. Potentiometric Position Sensor

5.3. Capacitive Position Sensor

5.4. Rotary Position Sensor

5.5. Others

6. POSITION SENSOR MARKET BY SPECIFICATION

6.1. Introduction

6.2. Contact

6.3. Contactless

7. POSITION SENSOR MARKET BY APPLICATION

7.1. Introduction

7.2. Material Handling

7.3. Test Equipment

7.4. Machine Tool

7.5. Robotics

7.6. Motion Systems

7.7. Others

8. POSITION SENSOR MARKET BY INDUSTRY

8.1. Introduction

8.2. Consumer Electronics

8.3. Automotive

8.4. Aerospace and Defense

8.5. Packaging

8.6. Manufacturing

8.7. Others

9. POSITION SENSOR MARKET BY GEOGRAPHY

9.1. Introduction

9.1. North America

9.1.1. By Type

9.1.2. By Specification

9.1.3. By Application

9.1.4. By Industry

9.1.5. By Country

9.1.5.1. United States

9.1.5.2. Canada

9.1.5.3. Mexico

9.2. South America

9.2.1. By Type

9.2.2. By Specification

9.2.3. By Application

9.2.4. By Industry 

9.2.5. By Country

9.2.5.1. Brazil

9.2.5.2. Argentina

9.2.5.3. Others

9.3. Europe

9.3.1. By Type

9.3.2. By Specification

9.3.3. By Application

9.3.4. By Industry

9.3.5. By Country

9.3.5.1. Germany

9.3.5.2. France

9.3.5.3. United Kingdom

9.3.5.4. Others

9.4. Middle East and Africa

9.4.1. By Type

9.4.2. By Specification

9.4.3. By Application

9.4.4. By Industry

9.4.5. By Country

9.4.5.1. Saudi Arabia

9.4.5.2. UAE

9.4.5.3. Israel

9.4.5.4. Others

9.5. Asia Pacific

9.5.1. By Type

9.5.2. By Specification

9.5.3. By Application

9.5.4. By Industry

9.5.5. By Country

9.5.5.1. China

9.5.5.2. India

9.5.5.3. Japan

9.5.5.4. South Korea

9.5.5.5. Taiwan

9.5.5.6. Thailand

9.5.5.7. Indonesia

9.5.5.8. Others

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Market Share Analysis

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Competitive Dashboard

11. COMPANY PROFILES 

11.1. Texas Instruments Incorporated

11.2. CTS Corporation

11.3. ams-OSRAM AG

11.4. TE Connectivity

11.5. Honeywell International Inc.

11.6. Infineon Technologies AG

11.7. NXP Semiconductors

11.8. SICK AG

11.9. Keyence Corporation

11.10. STMicroelectronics N.V.

11.11. Temposonics (Amphenol Group)

11.12. Photon Controls India PVT. LTD.

11.13. Sensata Technologies

11.14. Renesas Electronics Corporation

Texas Instruments Incorporated

CTS Corporation

Ams-OSRAM AG

TE Connectivity

Honeywell International Inc.

Infineon Technologies AG

NXP Semiconductors

SICK AG

Keyence Corporation

STMicroelectronics N.V.

Temposonics (Amphenol Group)

Photon Controls India PVT. LTD.

Sensata Technologies

Renesas Electronics Corporation