Global Position Sensor Market is Projected to Register a Healthy CAGR of 8.03% i

Posted by ganesha on January 24th, 2020

The company profiles of all the major players and brands that are dominating the market are covered in the report with respect to their moves like product launches, joint ventures, mergers and acquisitions. The Global Position Sensor Market research report also explains in depth description, competitive scenario, product portfolio of key vendors and their business strategies with the help of SWOT analysis and porter's five force analysis. This market report offers an actionable market insight with which sustainable and profitable business strategies can be built. This Global Position Sensor Market report has been prepared by conducting market research in a systematic manner.

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. 

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Market Definition: Global Position Sensor Market

A position sensor is a tool used for location detection where displacement, range, location or duration is used for automating, testing or monitoring procedures. It can be either an exact or partial position sensor. It is used in computer game joysticks, hard drives & CD / DVD disks, driving gears, automotive and technology. Position sensors are suitable in a broad range of automotive and manufacturing use including location sensing of the steering wheel, wave rate sensing, and engine codec of transport.

Market Drivers:

• Growing attention of manufacturing industry on precise measurements and complete review is driving the growth of the market
• Rising acceptance of position sensors in Aerospace industry is propelling the growth of the market
• Increasing request for position sensors for current automobiles industry is boosting the growth of the market
• Strongly specialized solutions for critical military operational requirements is contributing to the growth of the market

Market Restraints:

• Huge expense for purchasing position sensor is hindering the growth of the market
• Lack of methods for measuring position sensor quality norms is restricting the growth of the market.
• The absence or unavailability of products in the market is restraining the market growth

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Segmentation: Global Position Sensor Market

By Types

• Linear Type
  • Linear Encoders
    • Optical Linear Encoders
    • Magnetic Linear Encoders
    • Inductive Linear Encoders
    • Capacitive Linear Encoders
  • Linear Variable Differential Transformers
  • Magnetostrictive Sensors
  • Linear Potentiometers
  • Laser Position Sensors
• Rotary Position Sensors
  • Rotary Encoders
    • Optical Rotary Encoders
    • Magnetic Rotary Encoders
    • Mechanical Rotary Encoders
    • Capacitive Rotary Encoders
  • Rotary Potentiometers
  • Rotary Variable Differential Transformers
  • Resolvers
• Other Sensors
  • Proximity Sensors
    • Ultrasonic Position Sensors
  • Photoelectric Sensors
  • Displacement Sensors
  • 3D Sensors

By Contact Type

• Non-Contact Type
• Contact Type

By Output

• Digital Output
• Analog Output

 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.

Competitive Analysis

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.

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