Position Sensor Market size worth US$11.795 billion by 2029

position sensor market

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 component that is used to detect the position or distance of any object. It helps to detect the location of any object, and also the displacement. There are three basic types of position sensors available across the globe, which are linear sensors, rotary sensors, and angular sensors. The linear sensor measures the linear distance of any object, whereas the angular sensor measures the displacement. The rotary sensor helps to measure the position of the rotating shaft or object.

The global position sensor market is estimated to witness massive growth, which can majorly be attributed to the wide-industry application of this sensor, and implementation of new technologies into the market. Various global companies and organizations introduced new products in the global position sensor market, which comprises of latest technologies, offering better accuracy. In January 2024, Infineon Technologies AG, a global leader in the magnetic position sensor market, launched the XENSIV TLI5590-A6W magnetic position sensor, which is integrated with tunnel magnetoresistance (TMR) technology. This new position sensor offers a smaller design and a higher level of accuracy.

The position sensor market, by type, is segmented into potentiometric position sensors, capacitive position sensors, rotary position sensors, and others. The potentiometric position sensors category is forecasted to witness massive growth under the type segment of the global position sensor market. A potentiometric position sensor is a type of sensor that measures the displacement or displacement of any object. The potentiometric position sensors offer multiple benefits to the industries, like it is a cost-efficient technology, and requires low technical integration. This type of sensor is generally used across multiple industries, including robotics, Industrial settings, and manufacturing.

The specification segment of the position sensor market is categorized into contact and contactless. The contactless category of the specification segment of the position segment market will attain a greater market share, compared to the contact category. A contactless position sensor is a type of linear sensor, which uses multiple technologies like magnetic field and optical laser to determine the position of any object. These types of sensors are used across multiple industries like aerospace & defense, automotive, manufacturing, and consumer electronics. The contactless position sensor provides an accurate and reliable measurement of the distance, angle, and position of the object.

The position sensor market, under the application segment, is categorized into material handling, test equipment, machine tools, robotics, motion systems, and others. The motion system category of the application segment is estimated to grow at a higher rate, in the global position sensor market. A motion system is a type of electrical component, which is used to detect the mechanism of any object. The position sensor is among the key components of the motion system. The motion system is used majorly in the manufacturing sector, which further helps to automate the manufacturing process.

By industry, the position sensor market is categorized into consumer electronics, automotive, aerospace & defense, packaging, manufacturing, and others. Under the industry segment of the global position market, the aerospace and defense category is forecasted to attain a greater market share. In the global aerospace and defense sector, linear and angular position sensors are generally used. The angular position sensor detects and tracks the position of various rotation components of the airplane, whereas the linear position sensor monitors the height and distance of the airplane.

Based on geography, the Asia Pacific region of the position sensor market is anticipated to attain significant growth. The Asia Pacific region is among the biggest manufacturing regions of the automotive industry, which is among the leading consumers of position sensors across industries. The Asia Pacific region, in recent years, witnessed significant growth in its automotive production. The increase in automotive production across the region, especially in countries like China, India, Japan, and South Korea, will boost the global position sensor market forward. Similarly, the expansion of the consumer electronics industry is also among the major factors boosting the growth of the position sensor market in the region. Various countries in the regions like India, Vietnam, China, and Taiwan are among the global manufacturing hubs for consumer electronics.

As a part of the report, the major players operating in the position sensor market that have been covered are 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, and Renesas Electronics Corporation.

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This analytics report segments the position sensor market as follows:

  • 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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