Position Sensor Market report has estimations of CAGR values which are very important for businesses in deciding upon the investment value over the time period. The precise and state-of-the-art information provided via this report helps businesses get aware about the types of consumers, consumer’s demands and preferences, their point of view about the product, their buying intentions, their response to particular product, and their varying tastes about the specific product already existing in the market. The report brings into focus studies about market definition, market segmentation, and competitive analysis in the market.
Global position sensor market is to register a substantial CAGR of 8.03 % in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market value can be attributed to the increasing focus on precise measurement by the companies.
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Major Market Drivers & Restraints:
- Amalgamation of position sensors in modern automobiles
- Increasing emphasis on measurement and inspection in the manufacturing industry
- Growing adoption of position sensors in the aviation and aerospace industry
- High prices of components and raw materials
Global Position Sensor Market Major Competitors:
Some of the major players of the global position sensor market are Honeywell International Inc., TE Connectivity Ltd., AMS AG, MTS Systems Corporation; Renishaw PLC., Vishay Intertechnology, Inc., Panasonic Corporation, Infineon Technologies AG., Stmicroelectronics N.V., Qualcomm Technologies, Inc., Allegro Microsystems, LLC, Bourns Inc., Dr. Johannes HEIDENHAIN, Hans TURCK GmbH & Co. KG, Novotechnik U.S. Inc., SIKO GmbH, Sensata Technologies, Piher Sensors & Controls, Zettlex UK Ltd, Variohm EuroSensor,HELLA KGaA Hueck & Co., Alliance Sensor Group,POSITEK LIMITED,NetzerLtd,FRABA B.V.,and others.
Table of Contents
- Market Segmentation
- Market Overview
- Executive Summary
- Premium Insights
- Global, By Component
- Product Type
- Industry Type
10.2. North America
10.5. South America
10.6. Middle East & Africa
- Company Landscape
- Company Profiles
- Related Reports
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Global position sensor market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of position sensor market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Developments in the Market
- In June 2019, NewTek launched a new product for radiation resistance by the name of LVDT Position Sensors which can be used for critical position measurement in nuclear power plant, autoclaves, submarines, spacecraft and other application with radiation exposure. This launch had expended the product portfolio of the company and has also increased the revenue of the company
- In March 2018 Melexis introduced a magnetic automotive position sensor MLX90371 and MLX90372. The MLX90371 provide PWM output or analog and MLX90372 provides PWM output or SENT. This launch had expanded the product portfolio of the company and has also decreased the complication and cable strap capacity.
- Linear Type
- Rotary Position Sensors
- Other Sensors
By Contact Type
- Non-Contact Type
- Contact Type
- Digital Output
- Analog Output
- Machine Tools
- Motion Systems
- Material Handling
- Test Equipment
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