The position sensors market has witnessed a rapid surge over the recent years, growing from $6.32 billion in 2024 to $7.02 billion in 2025, at a compound annual growth rate (CAGR) of 11.1%. This substantial growth during the historic period can be attributed to developments in the automotive and robotics sectors, increasing demand for precise motion tracking devices, expansion of industrial automation and control, and widespread use in consumer electronics and gaming sectors.
The market size is projected to notably grow in the upcoming years, reaching $10.27 billion in 2029 at a CAGR of 10.0%. Factors contributing to the forecasted growth include miniaturization and high-precision position sensors, the rise of autonomous vehicles and drones, customized sensors for specific applications, and expansion in smart cities and Internet of Things (IoT).
Get Your Free Sample of The Global Position Sensors Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6554&type=smp
What Are the Key Drivers of the Position Sensors Market?
The increasing awareness regarding vehicle safety is a major driver for the position sensors market. Position sensors are used within vehicles to determine the positions of the steering wheel, pedals, seats and various valves to enhance vehicle safety. An increase in the reported incidents of vehicle accidents highlighted by the National Highway Traffic Safety Administration’s statistics in 2022 acts as a further catalyst for the growth of the position sensors market.
Which Segments Dominate the Global Position Sensors Market?
The position sensors market in this report is segmented into:
1) Type: Linear Position Sensors, Rotary Position Sensors
2) Contact Type: Non-Contact Type, Contact Type
3) Output: Digital Output, Analog Output
4) Application: Machine Tools, Robotics, Motion Systems, Material Handling, Test Equipment, Other Applications
5) End-User Industry: Manufacturing, Automotive, Aerospace, Packaging, Healthcare, Electronics, Other End-Users
Order your report now for swift delivery:
https://www.thebusinessresearchcompany.com/report/position-sensors-global-market-report
Who Are the Major Players in the Position Sensors Market?
Significant companies operating in the position sensors market include Honeywell International Inc., Siemens AG, Robert Bosch GmbH, Analog Devices Inc., Texas Instruments Incorporated, Panasonic Corporation, Renishaw plc, Omron Corporation, Microchip Technology Incorporated, Infineon Technologies AG, Beckhoff Automation GmbH & Co. KG, TE Connectivity Ltd., Kaman Aerospace Corporation, SICK AG, and LEM Holding SA, among others.
What Are the Emerging Trends in the Position Sensors Market?
A notable trend in the Position Sensors market is the development of technologically advanced solutions such as Hall-effect sensor ICs to increase precision, reliability, and energy efficiency across various applications. This sensor detects magnetic fields using the Hall effect, producing a voltage when exposed to a magnetic field.
Which Region Dominates the Global Position Sensors Market?
North America held the largest share in the global position sensors market in 2024. The other regions covered in the position sensors market report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does The Position Sensors Market Report 2025 Offer?
Position sensors refer to a device used to detect the movement of an object relative to a known reference point. The Position Sensors Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6554
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
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
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
