Global Position Sensor Market Segmentation, By Types (Linear Type, Rotary Position Sensors and Other Sensors), Contact Type (Non-Contact Type and Contact Type), Output (Digital Output and Analogue Output), Application (Machine Tools, Robotics, Motion Systems, Material Handling, Test Equipment and Others), End User (Manufacturing, Automotive, Aerospace, Packaging, Healthcare, Electronics and Others) – Industry Trends and Forecast to 2031.
Position Sensor Market Analysis
Position sensors are increasingly being used for a range of purposes owing to the improved security quotient offered by them. Rising number of small and medium scale end users are increasingly understanding the importance of position sensors. Goodix (China), Honeywell International Inc. (US), SICK AG (Germany), ams AG (Austria), TE Connectivity (Switzerland), MTS Systems (US), Vishay Technologies Inc. (US), Infineon Technologies AG (Germany), STMicroelectronics (Switzerland) and SAMSUNG (South Korea) are the some major players operating in this market.
Position Sensor Market Size
Global position sensor market size was valued at USD 6.11 billion in 2023 and is projected to reach USD 12.31 billion by 2031, with a CAGR of 9.15% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
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Attributes
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Position Sensor Key Market Insights
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Segmentation
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Key Market Players
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Honeywell International Inc. (US), SICK AG (Germany), ams AG (Austria), TE Connectivity (Switzerland), MTS Systems (US), Vishay Technologies Inc. (US), Infineon Technologies AG (Germany), STMicroelectronics (Switzerland), Bourns (US), Allegro Microsystem (US), Synaptics (US), Apple Inc. (US), Egis Technology (Taiwan), Crucialtec (South Korea), Novatek Microelectronics (Taiwan), Qualcomm Technologies , Inc. (US), Q Technology (China)., CMOS Sensor Inc. (US), ELAN Microelectonics (Taiwan), OXI Technology (China), Sonavation Inc. (US), Touch Biometrix (UK) and Vkansee (US)
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Market Opportunities
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Position Sensor Market Definition
From the name itself, it is clear that position sensors are the semiconductor device used to measure an object's displacement. In other words, these are used to measure the position of a component of some system with respect to its reference point. Position sensors are manufactured using different materials and can be easily integrated into a range of devices such as mobile phones, tablets, smart watches, laptops, etc.
Position Sensor Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Growth in investment for research and development to carve way for innovations
The rising number of strategic market collaborations has led to the rise in funds to be allocated for the growth and development of advanced and automated technology/ machinery. Further, growth in the level of investment for research and development proficiencies would carve the way for innovations in manufacturing technology.
- Increased proliferation of electronics globally to induce greater demand and supply in emerging nations
Growing proliferation and penetration of consumer electronics is one of the major factors fostering the growth of the market. In other words, increased demand and availability of smartphones, tablets, laptops, televisions kiosks, and large interactive screens directly influence the market's growth rate. Also, growing acceptance and application by the aerospace industry will further carve the way for the market growth.
- Growth and expansion of end user verticals to present numerous opportunities for small scale businesses
Owing to the global economic rise, there is a huge scope of growth for the semiconductors and electronics industry. There is an increased focus of the major manufacturers on the application of advanced technologies which will widen the scope of growth.
Rising urbanization, modernization, and globalization drive market value growth. Surging cyber threats and concerns related to security breaches, increasing advancement in the technology to improve the functioning of position sensors, and increased awareness regarding vehicle safety and technological advancements by the automotive industry are other market growth determinants. Furthermore, advancements in manufacturing technology extend profitable opportunities to the market players in the forecast period of 2024 to 2031. Additionally, rising demand for the application of position sensors in the internet of things (IoT) will further expand the market's future growth.
- Increased number of regulations to limit the scope of growth in the long run
Rising enforcement of stringent environmental regulations imposed on the industries will create hindrances for the growth of the market. Also, stringent regulations on product approvals will narrow down the scope of growth for the market. Further, suspension of business activity on account of the coronavirus pandemic will yet again create hindrances.
- Supply chain disruptions will pose a threat to the unprecedentedly growing market demand
With the rising number of restrictions around the globe due to pandemic, there has been a hit in the demand and supply of display materials. Also, fluctuations in the prices of raw materials will prove to be a demerit for the market. Therefore, this will challenge the market growth rate.
Also, dearth of awareness in underdeveloped regions and high costs associated with manufacturing activities will act as growth restraints for the market. Lack of strong infrastructural facilities in the backward economies, lack of product differentiation, high ownership costs, lack of procedures to measure performance standards of position sensors, and complexities involved in integrating devices with this technology will also challenge the market growth rate.
This position sensor market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the position sensor market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Position Sensor Market
The recent outbreak of coronavirus has proven to be a bane for the market. The pandemic has led to the suspension of business activity on account of the coronavirus pandemic and has resulted in disruptions in global supply chains, border restrictions, and travel restrictions by government bodies. The market growth rate saw a slowdown due to the stringent measures to curb the commercial activities. However, the market is expected to witness a boom post relaxations globally coupled with gradual recovery from the pandemic in some countries, including China, Germany, and France.
Position Sensor Market Scope
The position sensor market is segmented on the basis of type, contact type, output, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Linear Type
- Rotary Position Sensors
- Other Sensors
On the basis of type, the position sensor market is segmented into linear type, rotary position sensors and other sensors. Linear type segment is sub-segmented into linear encoders, linear variable differential transformers, magnetostrictive sensors, linear potentiometers and laser Position sensors. Linear encoders segment is further bifurcated into optical linear encoders, magnetic linear encoders, inductive linear encoders and capacitive linear encoders. Rotary position sensors segment is sub-segmented into rotary encoders, rotary potentiometers, rotary variable differential transformers and resolvers. Rotary encoders segment is further bifurcated into optical rotary encoders, magnetic rotary encoders, mechanical rotary encoders and capacitive rotary encoders. Other sensors segment is sub-segmented into proximity sensors, photoelectric sensors, displacement sensors and 3D sensors. Proximity sensors segment is further bifurcated into ultrasonic position sensors.
Contact type
- Non-Contact Type
- Contact Type
On the basis of contact type, the position sensor market is segmented into non- contact type and contact type.
Output
- Digital Output
- Analogue Output
On the basis of output, the position sensor market is segmented into digital output and analogue output.
Application
- Machine Tools
- Robotics
- Motion Systems
- Material Handling
- Test Equipment
- Others
On the basis of application, the position sensor market is segmented into machine tools, robotics, motion systems, material handling, test equipment and others.
End user
- Manufacturing
- Automotive
- Aerospace
- Packaging
- Healthcare
- Electronics
- Others
On the basis of end user, the position sensor market is segmented into manufacturing, automotive, aerospace, packaging, healthcare, electronics and others. Manufacturing segment is sub-segmented into consumer goods, intermediate goods and capital goods. Aerospace segment is sub-segmented into commercial and general aviation, military aircraft and space systems.
Position Sensor Market Regional Analysis
The position sensor market is analysed and market size insights and trends are provided by country, type, contact type, output, application and end user as referenced above.
The countries covered in the position sensor market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The Asia-Pacific region is set to register the highest growth rate for the forecast period due to the continuous demand for cost-effective and highly efficient position sensors by a wide range of industry verticals.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Position Sensor Market Share
The position sensor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to position sensor market.
Position Sensor Market Leaders Operating in the Market Are:
- Honeywell International Inc. (US)
- SICK AG (Germany)
- ams AG (Austria)
- TE Connectivity (Switzerland)
- MTS Systems (US)
- Vishay Technologies Inc. (US)
- Infineon Technologies AG (Germany)
- STMicroelectronics (Switzerland)
- Bourns (US)
- Allegro Microsystem (US)
- Synaptics (US)
- Apple Inc. (US)
- Egis Technology (Taiwan)
- Crucialtec (South Korea)
- Novatek Microelectronics (Taiwan)
- Qualcomm Technologies , Inc. (US)
- Q Technology (China).
- CMOS Sensor Inc. (US)
- ELAN Microelectonics (Taiwan)
- OXI Technology (China)
- Sonavation Inc. (US)
- Touch Biometrix (UK)
- Vkansee (US)
Latest Developments in Position Sensor Market
- In 2021, Allegro MicroSystems, Inc., a global provider in power and sensing solutions announced the release of the A31315 sensor. This sensor is the newest member of the 3DMAG family of rotary and linear magnetic-position sensor which will offer high-performance and flexibility across design placements coupled with superior accuracy and on-chip diagnostics
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