Position Sensor Markett to Observe Strong Development by 2025

Position Sensor Market: Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 2025
Position sensor market is one of the outstandingly increasing market due to increasing investment in
manufacturing infrastructure, integration of position sensors in modern automobiles, and growing
adoption of position sensors in the aerospace industry. Position sensors are used to measure, How
far the body has moved from its reference or initial position. Moreover position sensors are position
sensing devices used to measure the distance travelled by the body starting from its reference
position. Position sensors measures linear or angular position in reference to a fixed point or
arbitrary reference. Automation taking place in manufacturing and industrial units and it is one of
the major drivers of position sensor market. Position sensor market. Position sensors are used in an
extensive variety of industrial and commercial applications, from Aerospace, Manufacturing and
ICT.
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Position Sensor Market: Drivers and Challenges
The growth of Position sensor market is propelled by the increasing adaptation of position sensors
in the Aviation industry and increasing demand in the manufacturing industry. Position sensors are
used in numerous areas in manufacturing industry including material tracking, transit of final goods,
operation efficiency etc. The emerging trend towards plant automation and increased demand for
vehicle safety are generating high demand for this market, these sensors ensure Vehicle safety, and
thus rise in use of vehicles is projected to fuel the growth of position sensor market and the growth
in the Automotive Industry directly translates into increasing demand in the Automotive Position
Sensor market. Position sensors in Machine tool application is expected to hold the largest size of
the position sensor market during the forecast period. It has been assumed that Increasing
integration of position sensors in vehicles portray a positive outlook of continuous growth in the
Automotive Position Sensor market.
The key challenge for position sensor market is the Lack of Proper Standards to Measure
Performance Indicators. Position sensors are lacking to measure performance of an object with
whom the sensors are integrated
Key Players
Infineon Technologies AG (Germany), STMicroelectronics N.V. (Switzerland), ams AG (Germany),
Honeywell International, Inc. (US), MTS Systems Corporation (US) Renishaw plc. (UK),
Panasonic Corporation (Japan), ,Qualcomm Technologies, Inc. (US), and others.
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Regional Overview
Presently, Asia Pacific (APAC) is holding the largest market share for Position Sensor market due
increasing demand from Manufacturing, Healthcare, Consumer electronics and automotive
industries. It has been observed that APAC is owing to the increasing focus of the region toward the
automotive, consumer electronics, and manufacturing industries. Moreover, America and Europe
are the potential market for the consumer electronics, manufacturing and automotive sectors. Due to
high demand of position sensors from these sectors will push growth of the position sensor market
in America and Europe.