Position Sensor Market – Industry Trends

Market Definition: Global Position Sensor Market

  • Position Sensors are the sensors used in measuring the distance travelled by a body from its particular location.
  • Optical position sensors are useful in improving the power management of smart devices; hence, the demand for the position sensor will rise in the near future.
  • It has its wide application in machine tools, test equipment, robotics.
  • Growing adoption of position sensors in the aviation and aerospace industry may act as major driver in the growth of optical sensor market.
  • On the other side, high prices of components may hamper the market.

Market Analysis: Global Position Sensor Market

The global position sensor market accounted for USD 3.75 billion in 2016 growing at a CAGR of 7.3% during the forecast period of 2017 to 2024.
The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Major Market Drivers & Restraints:
  • Amalgamation of position sensors in modern automobiles
  • Increasing emphasis on measurement and inspection in the manufacturing industry
  • Growing adoption of position sensors in the aviation and aerospace industry
  • High prices of components and raw materials

Market Segmentation: Global Position Sensor Market

  • The global position sensor market is segmented on the basis of type into linear position sensor, and rotary position sensor.
  • The linear position sensor segment is further sub segmented into linear encoders, linear variable differential transformer (LVDT), magnetostrictive sensor, linear potentiometer, and laser position sensor.
  • The rotary position sensor segment is further sub segmented into rotary encoder, rotary potentiometer, rotary variable differential transformer (RVDT), and resolver.
  • On the basis of contact type, the global position sensor market is segmented into contact, and non-contact.
  • On the basis of output, the global position sensor market is segmented into analog, and digital.
Major players of the Global Position Sensor Market :
  • Honeywell International Inc.
  • TE Connectivity Ltd.
  • AMS AG
  • MTS Systems Corporation
  • Renishaw PLC.
  • Vishay Intertechnology, Inc.
  • Panasonic Corporation
  • Infineon Technologies AG.
  • Stmicroelectronics N.V.
  • Qualcomm Technologies
CONTACT US:
USA Number – +1 888 387 2818 (Toll – Free)
Email : sopan.gedam@ databridgemarketresearch.com

Comments

Post a Comment

Popular posts from this blog

Global Mass spectrometry Market – Industry Trends & Forecast to 2026

Image
Market Definition: Global Mass spectrometry Market  Mass spectrometry is an analytical technique which is used to identify the quantity and type of chemical in a given sample. The mass spectrometry analyzes the mass-to-charge ratio of ions in simple and complex mixtures. Market Analysis: Global Mass spectrometry Market  Global Mass spectrometry Market  is expected to rise from its initial estimated value of USD 6.91 billion in 2018 to an estimated value of USD 13.98 billion by 2026, registering a CAGR of 9.2% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing technological advancement to adopt the new technology. Segmentation: Global Mass spectrometry Market  By Technology Single Mass Spectrometry Into Ion Trap Matrix Assisted Laser Desorption/ Ionization -Time Of Flight Quadrupole Key Market Competitors: Few of the major competitors currently working in the mass spectrometry market are :- Agilent Technolo
Read more

Global Smart Transportation Market – Industry Trends and Forecast to 2026

Image
The  Smart Transportation  is one of the most crucial and equipped with ITS (Intelligent Transportation System) based applications. It is connected wirelessly with Internet of Things (IoT) vertical technology. The main purpose is to collect data and controlling the real-time conditions, to improve performance and others. The smart sensor offers a wide range of applications in road transport including infrastructure, traffic management, mobility management, car navigation, container management systems, automatic number plate recognition and security CCTV systems applications.Global smart transportation market is expected to  register a healthy CAGR of 19.7% in the forecast period of 2019 to 2026. Segmentation: Global Smart Transportation Market  The  Smart transportation market  is segmented into four notable segments which are solution, services and transportation On the basis of solution, the market is segmented into passenger information solution, traffic management solutio
Read more

Global Ostomy Drainage Bags Market

Image
Definition: Ostomy Drainage Bags Market Ostomy drainage bags are made of plastic or rubber which are used in ostomy procedures and is attached to the artificial opening to collect wastes. The bags are available in disposable and reusable types. Market Analysis:  Ostomy Drainage Bags The Global Ostomy Drainage Bags Market accounted to USD 3.1 billion in 2016 growing at a CAGR of 4.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. Major drivers and restraints:  Increasing incidences of cancer and chronic diseases Government initiatives to create awareness regarding the procedures done for treatment of various diseases Stringent regulatory framework Alternate su
Read more