NEW YORK, March 09, 2020 (GLOBE NEWSWIRE) -- The global position sensor market is expected to reach USD 7.8 billion by 2025, growing at a CAGR of 8.3% during the forecast period.
Industry Insights by Type (Linear Sensor and Rotary Sensor), by Application (Machine Tools, Robotics, Motion Systems, Material Handling, and Test Equipment), by Contact Type (Contact and Non-Contact), by End-User Industry (Manufacturing, Automotive, Aviation & Aerospace, Electronics, Healthcare, and Others)
Increasing demand for automation in manufacturing as well as other industries in the years to come will boost the demand of position sensors. Industrial robotics adoption requires use of large number of sensors including position sensor for better performance. This will act as an opportunity for the global position sensor market in near future.
Get a free copy of sample report: https://www.vynzresearch.com/semiconductor-electronics/position-sensor-market/request-sample
Manufacturing sector segment held the largest share in the position sensor market in 2019
On the basis of end-user industry industry, the market is segmented into manufacturing, automotive, aviation & aerospace, electronics, healthcare, and others. Manufacturing sector is expected to account the highest market share in current year. However, automotive and consumer electronics are industries expected to grow at fastest rate during the forecast period.
Geography Insight
Geographically, Europe is the largest position sensor market with large number of robotics integration in the manufacturing industry. Besides, the region is home to some of the major automotive manufacturers, this will further up surge the growth of the position sensor market in years to come.
Competitive Insight
Some of the key players operating in the global position sensor market are Honeywell International Inc., SICK AG, ARMS AG, TE Connectivity Ltd., MTS Systems, Vishay Intertechnology, Inc., Infineon Technologies, STMicroelectronics, Bourns, Inc., and Allegro MicroSystems, LLC.
Do you have any specific research requirement? Ask for customization: https://www.vynzresearch.com/semiconductor-electronics/position-sensor-market/customize-report
Key Takeaway from the Report:
- Among all the type, rotary position sensor segment captures higher market share in 2019.
- Of all the contact type, non-contact type sensor accounted for the foremost share in the position sensor market in 2019.
- Among all the application, the machine tools segment accounted for a foremost share in the position sensor market in 2019.
- Of all end-user industry industry, manufacturing sector is expected to account the highest market share in current year.
The Report Offers:
- Historical market estimate for the years 2015–2019 and forecast for the years 2020–2025
- Insight on current market trends, market dynamics, key opportunities and major challenges in the industry
- Market insights by in-depth segmentation with industry dynamics.
- Competitive analysis and benchmarking of the industry leaders and their product offerings
- Profiles of leading players and innovators, their financial overview and product portfolio
- Analysis of key industry trends and recent developments
- Value chain analysis and distribution channel analysis with opportunity assessment
- Market share analysis of major players
Benefits of Report Purchase from VynZ:
Detailed Research
We provide accurate data and in-depth analysis with all-inclusive coverage.
Robust Research Methodology
Robust research methodology and data triangulation to ensure high quality report.
Analyst Support
24*7 analyst support – Pre and post purchase of the report as well as during the project tenure.
Sales Support
24*7 sales support – Hassle free delivery of the report and quick response and support by sales team.
Free Customization
20% post purchase free customization to meet your Types.
Customer Satisfaction
We claim full customer satisfaction as our core values lie in building long term relationship.
Security
High level of data security and confidentiality of your information.
The report provides the market value for the base year 2019 and a yearly forecast till 2025 in terms of revenue (USD Million). The report segments the global position sensor market on the basis of type, contact type, application, end-user industry, and region.
Global Position Sensor Market Coverage
Type Insight and Forecast 2015 – 2025
- Linear Sensor
- Rotary Sensor
Contact Type Insight and Forecast 2015 – 2025
- Contact
- Non-Contact
Application Insight and Forecast 2015 – 2025
- Machine Tools
- Robotics
- Motion Systems
- Material Handling
- Test Equipment
End-User Industry Insight and Forecast 2015 – 2025
- Manufacturing
- Automotive
- Aviation & Aerospace
- Electronics
- Healthcare
- Other
Geographical Segmentation
Position Sensor Market by Region
North America
- By Type
- By Contact Type
- By Application
- By End-User Industry
- By Country – U.S., Canada, and Mexico
Europe
- By Type
- By Contact Type
- By Application
- By End-User Industry
- By Country – Germany, U.K., France, Italy, Spain, and Rest of Europe
Asia-Pacific (APAC)
- By Type
- By Contact Type
- By Application
- By End-User Industry
- By Country – China, Japan, India, South Korea, Singapore, Taiwan, and Rest of Asia-Pacific
Rest of the World (RoW)
- By Type
- By Contact Type
- By Application
- By End-User Industry
- By Country – Brazil, South Africa, Saudi Arabia, and Other Countries
More from VynZ Research
Global Testing, Inspection & Certification (TIC) Market Analysis and Forecast to 2024
The global testing, inspection and certification (TIC) market was valued at USD 210.0 billion in 2019, growing at a CAGR of 5.0% during the forecast period.The major reason behind the high growth of TIC market globally is growing urbanization in developing nations and more inclination towards product and outsourcing from major manufacturing companies. Besides, product piracy tendency in different regions of globe and strict government regulations to maintain product standards are further boosting the demand for Testing, Inspection & Certification globally.
Explore more at: https://www.vynzresearch.com/semiconductor-electronics/testing-inspection-certification-tic-market
Global Automotive Sensor Market Analysis and Forecast to 2024
The global automotive sensor market is expected to reach USD 42.0 billion by 2024, growing at a CAGR of 7.0% during the forecast period. The market is growing at a remarkable rate with rise in vehicle production, growing inclination towards automated vehicle, and several government initiatives towards safety and security vehicle. Further, there is increase in number of sensors deployment in vehicle with the concern towards safety and comfort. Among the vehicle type segment, passenger cars being the largest in terms of volume contribute major share to the market. This as a result will boost the demand for automotive sensor in the vehicle sector.
Explore more at: https://www.vynzresearch.com/semiconductor-electronics/automotive-sensor-market
Global Compressor Market Analysis and Forecast to 2024
The global compressor market is expected to reach USD 47.9 billion by 2024, growing at a CAGR of 3.6% during the forecast period. The market is growing due to growing automotive industries in developing countries such as India and China, and rapid industrialization. Different compressor types such as positive displacement and dynamic compressors contributed to the compressor market size. The market has witnessed a high demand for positive displacement in the coming years due to extensive acceptance throughout small and medium scale industries.
Explore more at: https://www.vynzresearch.com/semiconductor-electronics/compressor-market
About VynZ Research
VynZ Research is a market research firm offering research, analytics, and consulting services on business strategies. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. VynZ Research assists enterprises to take strategic decisions for helping their businesses to grow. The reports developed by VynZ are based on market facts that include comprehensive analysis and quantification of market drivers, industry dynamics, opportunities, challenges, threats, and market shares and anticipated new trends & technologies arising across wide range of industries.
Contact Us:
VynZ Research
Call: +91-996-028-8381
Toll Free (U.S. and Canada): +1-888-253-3960
Email: enquiry@vynzresearch.com