Position Sensor Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

  • Single User License $3500

Position Sensor Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

Status : January, 2022 | Semiconductor & Electronics

Report Digest


Global Position Sensor Market: Overview

Needless to explain its primary function, a position sensor helps to detect the position of an object from or to a fixed point. Position sensor provides the much important positional feedback for automobiles and robots. One of the easiest to use and most inexpensive types of position sensor is potentiometer. Linear variable differential transformer (LVDT), on the other hand, is an inductive position sensor that is less likely to undergo mechanical wear problems. The movement of an object can be detected in both angles and a straight line with the help of rotational and linear sensors respectively.

Global Position Sensor Market: Key Trends

The analysts foresee the growth of the world position sensor market to gain a strong momentum on the back of an enlarging adoption in the aerospace sector, incorporation into modern automobiles, and mounting investment in manufacturing infrastructure. This growth in the world position market is expected to be propelled by the rising trend in robotics application and industrial automation.

Vendors looking to earn grander business opportunities in the world position sensor market could be benefited by vital applications in robotic construction. The wheels as well as the moving arms of a robot can be assessed with position feedback received from position sensors. This can significantly reduce errors and better the efficiency of the robot during its operations. The demand in the world position sensor market is anticipated to be bolstered further with a telling increase in the adoption of robotics in different sectors.

However, vendors could be challenged by the lack in the capability of procedures used to evaluate the performance of position sensors. Nevertheless, advancement in technology and the advent of innovative and improved procedures are predicted to address the challenge in the world position sensor market.

Global Position Sensor Market: Market Potential

The functions of a position sensor in automobiles are crucial. Any malfunction in its position sensor can cause the automobile to come to a complete stop or break down. A similar situation has been identified with the position sensor of Toyota’s 2017 pickup truck Tacoma. The company is set to recall approximately 32,000 Tacoma pickup trucks in the U.S. on account of their possibility to stall without a warning. The recall concerns Tacomas from the model years 2016–2017 with V-6 engines.

Toyota believes that the malfunction of crank position sensor in the Tacomas could have occurred because of immoderate anti-corrosion coating applied during the production of engine crankshaft timing rotor. Company dealers are expected to replace the faulty crank position sensors for free.

Global Position Sensor Market: Regional Outlook

For the forecast period 2017–2025, the Asia Pacific position sensor market could record a larger share owing to a snowballing demand in automotive applications. Besides this, Asia Pacific is considered as the heart of most established markets such as automotive and consumer electronics in the world. The rise in investment in these sectors in key countries such as Japan, South Korea, China, and India is envisaged to set the tone for an impressive growth in the international position sensor market. As a worldwide manufacturing hub, China is foreseen to showcase a substantial potential for growth in the manufacturing sector. The growth of the China position sensor market could be fueled with the surge in industrial automation.

Global Position Sensor Market: Competitive Landscape

Some of the popular players operating in the worldwide position sensor market could be TE Connectivity Ltd., ams AG, Renishaw plc, MTS Systems Corporation, and Honeywell International, Inc. Mergers and acquisitions and new product development are envisioned to be critical business strategies fleshing out in the worldwide position sensor market.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?