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The global position sensors market is expected to grow from $4.75 billion in 2021 to $4.98 billion in 2022 at a compound annual growth rate (CAGR) of 4.85%. The global position sensors market size is expected to grow to $7.52 billion in 2026 at a compound annual growth rate (CAGR) of 10.85%.

Increasing demand for electronics and sensor systems in automobiles will propel the growth of the position sensor market.

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The position sensor market consists of sales of position sensors by entities (organizations, sole traders, and partnerships) that refer to a device that can identify an object’s movement or identify its relative position to a known reference point. These sensors are used to detect the presence or absence of an object. It is also used to measure the distance travelled by a body from its starting point. It determines the linear or angular location of a fixed point or arbitrary reference.

Global Position Sensors Market Segments Include:

By Type: Linear Position Sensors, Rotary Position Sensors

By Contact Type: Non-Contact Type, Contact Type

By Output: Digital Output, Analog Output

By Application: Machine Tools, Robotics, Motion Systems, Material Handling, Test Equipment, Others

By End-User Industry: Manufacturing, Automotive, Aerospace, Packaging, Healthcare, Electronics, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global position sensors market in 2021.

Product innovation is a key trend gaining popularity in the position sensor market. Companies are creating new and innovative products to satisfy market needs and expand their existing product portfolio.

TBRC’s Position Sensors Market Report Covers:

Major Market Players: Honeywell International Inc., SICK AG, AMS AG, TE Connectivity Corporation, Vishay Intertechnology, Inc., Infineon Technologies, Bourns, STMicroelectronics, Allegro MicroSystems, Heidenhain, Baumer, Novotechnik, Positek Limited, Gill Sensors & Controls Limited, Cambridge Integrated Circuits, Tekscan Inc, Sensata Technologies Inc, NewTek Sensor Solutions, KEYENCE Corporation, Renishaw Plc, Panasonic Corporation, Qualcomm Technologies In, Denso Corporation, Sensata Technologies, TRW Automotive Inc, Stoneridge Inc, Continental Corporation, CTS Corporation, Bosch Sensortec GmbH, Analog Devices Inc., and Avago Technologies.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Position Sensors Global Market Report 2022  is one of a series of new reports from The Business Research Company that provides position sensors market overviews, analyzes and forecasts market size, share, position sensors market players, position sensors market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s position sensors market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Chemical Sensors Global Market Report 2022

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Photoelectric Sensor Global Market Report 2022

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