According to a new market report by Lucintel, the future of the position sensor market looks promising with opportunities in the aerospace, automotive, electronics, packaging, healthcare, and manufacturing industries. The global position sensor market is expected to grow with a CAGR of 9% from 2020 to 2025. The major growth drivers for this market are increased demand for automotive and increasing focus of manufacturers on accurate measurements and detailed inspection.
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In this market, linear and rotary are the major product types. Lucintel forecasts that rotary position sensors will remain largest segment due to wide adoption in various applications or industries, such as automotive, manufacturing, healthcare, packing, and consumer electronics
Within the position sensor market, aerospace, automotive, electronics, packaging, healthcare, and manufacturing are the major end use industries.
APAC is expected to witness the highest growth over the forecast period due to growth of the automotive, electronics, and manufacturing industries.
STMicroelectronics, Infineon Technologies, MTS System, TE Connectivity Corporation, Texas Instruments, Inc., Honeywell International, and Allegro are among the major manufacturers of the position sensor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the position sensor market by product type, contact type, application, output, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Position Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global position sensor market by product type, contact type, application, output, end use industry, and region as follows
By Product Type [$M shipment analysis for 2014 – 2025]:
By Application [$M shipment analysis for 2014 – 2025]:
Machine Tools
Robotics
Motion Systems
Material Handling
Test Equipment
Others
By Contact Type [$M shipment analysis for 2014 – 2025]:
By Output [$M shipment analysis for 2014 – 2025]:
By End Use Industry [$M shipment analysis for 2014 – 2025]:
Electronics
Aerospace
Automotive
Healthcare
Packaging
Manufacturing
Others
By Region [$M shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
China
Japan
India
South Korea
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.