Categories: Market Research

Global Position Sensors Market Size and Forecast 2023-2032| Heliospectra AB, Nexus Corporation, Rough Brothers Inc., Agra Tech Inc., LumiGrow Inc.

The Position Sensors Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The Position Sensors Market:

https://www.thebusinessresearchcompany.com/report/position-sensors-global-market-report

According to The Business Research Company’s Position Sensors Global Market Report 2024, The position sensors market size has grown rapidly in recent years. It will grow from $5.74  billion in 2023 to $6.42  billion in 2024 at a compound annual growth rate (CAGR) of 11.9%.  The  growth in the historic period can be attributed to growth in automotive and robotics, demand for accurate motion tracking, expansion of industrial automation and control, use in consumer electronics and gaming, regulatory standards for sensor safety..

The position sensors market size is expected to see rapid growth in the next few years. It will grow to $9.6  billion in 2028 at a compound annual growth rate (CAGR) of 10.6%.  The growth in the forecast period can be attributed to miniaturization and high-precision position sensors, growth in autonomous vehicles and drones, customized sensors for specific applications, expansion in smart cities and iot, increased use in wearables and human-machine interfaces.. Major trends in the forecast period include lidar and optical position sensors, regulatory compliance in sensor safety, smart and adaptive position sensors, fusion of multiple sensor technologies, collaboration between position sensors and 5g networks.

The increasing awareness regarding vehicle safety is expected to propel the growth of the position sensors market. The awareness regarding vehicle safety is increasing due to various reasons such as a reduction in the occurrence of vehicle accidents and their consequences, regulatory safety standards, and others. In vehicles, position sensors are used to identify the position of the steering wheel, pedals, seats, and numerous valves, knobs, and actuators, enabling vehicle safety. For instance, according to a 2021 survey by Mobility Outlook, an Indian car detailing service platform, and a brand of CarTrade Tech, an Indian new and used car dealer company, Indian automobile customers are becoming more vehicle safety-conscious and were willing to spend more for safer cars. Close to one-third of respondents were willing to spend more than ?30,000 ($384) on upgraded security features in vehicles. The 3/4th of respondents preferred to look into four or five-star safety vehicles for future vehicle purchases and were willing to spend more budget for safety, one of the significant findings of the survey. Thus, the increasing awareness regarding vehicle safety will drive the position sensors market growth.

Get A Free Sample Of The Report (Includes Graphs And Tables):

https://www.thebusinessresearchcompany.com/sample.aspx?id=6554&type=smp

The position sensors market covered in this report 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, Other Applications

5) By End-User Industry: Manufacturing, Automotive, Aerospace, Packaging, Healthcare, Electronics, Other Ens-Users

Major companies operating in the position sensors market are developing innovative products such as the motor-rotor position sensor to meet the growing demand for EVs. The E-Motor Position Sensor for passenger EVs is a new type of sensor that is designed to be more accurate and reliable than traditional sensors. It is also smaller and lighter, which makes it ideal for use in EVs. For instance, in June 2021, Continental AG, a Germany-based manufacturing company, unveiled a new E-Motor Rotor Position Sensor for passenger EVs, a sensor designed for enhanced accuracy and reliability compared to conventional sensors. This sensor uses Hall effect sensing technology to detect changes in the magnetic field around the rotor. This makes it very accurate and reliable, even in harsh environments. The sensor is also very small and lightweight, which makes it ideal for use in EVs. Moreover, it helps to improve the performance, efficiency, and safety of EVs.

The position sensors market report table of contents includes:

1. Executive Summary

2. Position Sensors Market Characteristics

3. Position Sensors Market Trends And Strategies

4. Position Sensors Market – Macro Economic Scenario

5. Global Position Sensors Market Size and Growth

.

.

.

26. South America Position Sensors Market

27. Brazil Position Sensors Market

28. Middle East Position Sensors Market

29. Africa Position Sensors Market

30. Position Sensors Market Competitive Landscape And Company Profiles

Top Major Players:

  • Heliospectra AB
  • Nexus Corporation
  • Rough Brothers Inc
  • Agra Tech Inc
  • LumiGrow Inc

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: info@tbrc.info

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

Good PR News

Recent Posts

Medical Terminology Software Market Share, Growth Opportunities, Demand Factors Report To 2033

The medical terminology software global market report 2024 from The Business Research Company provides comprehensive…

12 hours ago

Apples Market Expansion 2024-2033: Growth Drivers and Dynamics

The apples global market report 2024 from The Business Research Company provides comprehensive market statistics,…

12 hours ago

IP Video Surveillance And VSaaS Market Growth Analysis, Latest Trends And Business Opportunity 2024 To 2033

The ip video surveillance and vsaas global market report 2024 from The Business Research Company…

12 hours ago

Change And Configuration Management Market Expansion 2024-2033: Growth Drivers and Dynamics

The change and configuration management global market report 2024 from The Business Research Company provides…

12 hours ago

Generative AI In Gaming Market Share Analysis, Leading Players, Growth, Trends, And Forecast To 2033

The generative ai in gaming global market report 2024 from The Business Research Company provides…

12 hours ago

Electric Blankets Market Size, Emerging Trends, Market Opportunities, Key Players And Forecast To 2033

The electric blankets global market report 2024 from The Business Research Company provides comprehensive market…

12 hours ago