Position Sensors Market Report 2022 : By Major Players, Share, Industry Size, Trends And Forecast To 2031

The global position sensors market report by the business research company identifies the increasing demand for electronics and sensor systems in automobiles will propel to be a major growth driver for the position sensors market. Due to the rise in passenger car sales, there is an increased demand for adaptive cruise control sensors as top automakers are working on incorporating these sensors into more affordable vehicles. This leads to the expansion of the automotive sensor industry, thereby contributing to the growth of the position sensor market. For instance, as per the Indian Brand Equity Foundation (IBEF), in February 2022, passenger vehicle sales in India increased from 17.47 million units in 2020 to 18.49 million units in 2021, accounting for a 5.8% increase during the 2020-21 period. Additionally, according to the Japan Automobile Manufacturers Association, the Japanese car manufacturing rate in 2019 was 7.70 million. Therefore, the increasing demand for electronics and sensor systems in automobiles will contribute to the growth of the position sensor market.

The global position sensors market size 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%.

Purchase The Position Sensors Market Report Here:
https://www.thebusinessresearchcompany.com/report/position-sensors-global-market-report

Asia-Pacific was the largest region in the position sensors market in 2021 and is also expected to be the fastest-growing region in the global position sensors market during the forecast period. The regions covered in the global position sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Major players in the position sensors market are 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.

The global position sensors market is segmented -
1) By Type: Linear Position Sensors, Rotary Position Sensors

2) By Contact Type: Non-Contact Type, Contact Type

3) By Output: Digital Output, Analog Output

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

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

Request A Sample Of The Position Sensors Market Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6554&type=smp

The Position Sensors Market Report Contents Include
1. Executive Summary
2. Position Sensors Market Characteristics
3. Position Sensors Market Trends And Strategies
4. Impact Of COVID-19 On Position Sensors
5. Position Sensors Market Size And Growth
....
26. Africa Position Sensors Market
27. Position Sensors Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Position Sensors Market
29. Position Sensors Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the position sensors market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

Contact Information: 
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info

Check out our:
TBRC Blog: http://blog.tbrc.info/
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Healthcare Blog: https://healthcareresearchreports.com/

About Us: 
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that excels in company, market, and consumer research. It has published over 3000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.

This release was published on openPR.