Position Sensor Market is projected to grow at a CAGR 8.88%

Position Sensor Market is projected to grow at a CAGR 8.88%

By Knowledge Sourcing Intelligence Press Releases

Knowledge Sourcing Intelligence announces the publication of a new report on “Position Sensor Market - Forecasts from 2020 to 2025” to their offering.

The stratospheric demand for consumer electronics driving the need for more integrated control systems, a growing trend of plant automation, are the prime factors, among others, that are estimated to drive market growth.

As per the report, the market pertaining to the Position Sensor Market is expected to reach US$  8.981 billion by 2025, from US$ 5.391 billion in 2019.

An input device that provides a desired electrical output, namely a signal that is conditioned and ready to be used by the receiving equipment through either wireless or connected means in response to the input measurand is the general and accepted definition of sensors. With regards to position sensors, they are used to measure the distance between a reference point and the location target, which is the element whose position is needed to be determined. The position sensors also can be used as displacement sensors by adding the circuitry to retain the information of the previous position and deduct the new position producing the difference as displacement. Conversely, the data form position sensor can be restored into a memory controller by a microcontroller subsequently calculating the need for indicating displacement. Based on specifications, position sensors are classified as contact and contactless sensors. In contact type of linear position sensors, a sliding electrical and/or mechanical contact is incorporated in one or more parts of the device making the conversion between the physical parameter which are measured Viz rotating shaft or a movable arm and the sensor output.

The recognized disadvantages of this type of position sensor are that it comes with a finite lifetime due to the rubbing elements. On the other hand, with contactless position sensors, no physical connection between the moving parts and the stationary parts of the sensor is incorporated by the device making the conversion between the measurand and the sensor output. Various means such as capacitive, inductive, magnetic, or optical coupling are incorporated to achieve the connection between the stationary and the moving parts of this kind of sensors. A few examples of this type of sensors are distributed impedance sensors, Hall effect sensors, Inductive sensors, LVDT sensors, magnetostrictive sensors, magnetoresistive sensors as well as optical sensors.

With respect to the type of position sensors the report mains details three categories of sensors along with others, out of two are being briefly touched upon. The first is that of potentiometric position sensors also known as Resistive linear and angular position sensors, linear potentiometers, potentiometers, or pots are the most easily understood type of comparatively inexpensive sensors. The broad functioning of this kind sensor is the control of an electrical output directly from the physical variable input where the sensor element also provides a usable electrical signal with no additional signal conditioning. This is essentially a contact type sensor making it unsuitable of r application where periodic replacement of sensors is not desirable despite it being a popular choice because of their simple wiring and relatively low cost. The second one covered is that of capacitive position sensors which are widely known for its comparatively simple implementation technique for achieving non-contact measurement.

Certain variants of this sensor type may have an actuating component which comes into the contact with the object to be measured nevertheless an opportunity for designing a sensor which will impose very less mechanical loading forces and sustain minimal wear is provided by noncontact sensing element, while the variant may not have any contact with the measured target. This type of sensors is often integrated Industrial process systems. Further, there is no maintenance required due to being a contactless sensors sensor. From the perspective of demand, the growing need for implementing high-speed precision control and measurement of machines in manufacturing operations; the sectors pertaining to automotive and electronics & semiconductors sectors due to growing need for position sensing in steering when position, acceleration control, automatic gear shift and efficient management of vehicle stability are few of the promising applications to drive the growth of the market.

As a part of the report, the major players operating in the position sensor market, which have been covered are Texas Instruments Incorporated, CTS Corporation, ams AG, TE Connectivity, MTS Sensor Technologie GmbH & Co. KG, Honeywell International Inc., Infineon Technologies AG, NXP Semiconductors, SICK AG, and Keyence Corporation.

View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/position-sensor-market

This report segmented the position sensor market on the basis following terms:

  • By Type
    • Potentiometric Position Sensor
    • Capacitive Position Sensor
    • Rotary Position Sensor
    • Others
  • By Specification
    • Contact
    • Contactless
  • By Application
    • Material Handling
    • Test Equipment
    • Machine Tool
    • Robotics
    • Motion Systems
    • Others
  • By Industry
    • Consumer Electronics
    • Automotive
    • Aerospace and Defense
    • Packaging
    • Manufacturing
    • Others
  • By Geography
    • North America
    • USA
    • Canada
    • Mexico
    • South America
    • Brazil
    • Argentina
    • Other
    • Europe
    • UK
    • Germany
    • France
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • Others