Global Position Sensor Market Expected to USD$ 5.9 Billion By 2020

Date: 2016-09-17

The global Position Sensor market is expected to grow from $4.4 billion in 2015 to $5.9 billion by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 5.3% from 2016 to 2020.

Europe held the largest size of the European position sensor market, in terms of value, compared to other regions. This is due to the rapid adoption of linear and rotary in various applications such as machine tools, material handling, robotics, and others in major counties of this region. Also, the presence of major automotive manufacturers such as the BMW Group (Germany), Daimler AG (Germany), Volkswagen AG (Germany), and Fiat Automobiles S.p.A. (Italy) among others have their manufacturing facility based in this region; the demand for position sensors is accelerated.

Emerging advancements in consumer electronics are likely to act as an significant application for position sensors in the further. Position sensors are considered as one of the new trend in smart devices. They are typically used to detect the position of the device and to determine the landscape or portrait mode of the screen, and also detect the presence of nearby object and take necessary actions accordingly. 

In addition to this, Robotics is expected to be one of the major applications for position sensors in the coming years. Position sensors play a vital role in the operation of a robot. It provides significant information in the form of electronic signals to the controller, which helps the robots to do its tasks. Position sensors such as encoders, potentiometers, and resolvers are widely used in robotics for sensing and controlling the position of robots. Moreover, the increasing adoption of robotics in various industries such as manufacturing, automotive and others is expected to drive the market for position sensors in the near future.

According to survey, the region of Position Sensor market share as following:
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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 1-510-400-8520

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