As per Market Research Future Analysis, the Global Position Sensor Market was valued at USD 5.51 Billion in 2023 and is projected to reach USD 10.28 Billion by 2032, growing at a CAGR of 7.06% from 2024 to 2032. Key drivers include the rising adoption of integrated management systems in consumer electronics and stringent environmental regulations. The automotive sector leads market revenue due to increased demand for position sensing in various applications, while the aerospace segment is the fastest-growing category. Non-contact sensors dominate the market, accounting for 35% of revenue, while analog output sensors generate 70.4% of income, with digital sensors rapidly gaining traction.
The position sensor market is experiencing significant growth driven by technological advancements and increasing automation.
Key players include Honeywell International Inc. (US), SICK AG (Germany), ams AG (Austria), TE Connectivity (Switzerland), and Vishay Technologies Inc. (US).
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for position sensors is being driven by the increasing focus of the manufacturing industry on accurate measurements and detailed inspection. The manufacturing industry requires high accuracy to comply with industry standards. Manufacturers focus on two important parameters to produce high-quality products: the exactness of measurements and detailed inspection. Profiling, width, step, gap, height, V-gap, edge, bend, groove, angle and surface are among a few crucial parameters a position sensor measures. These sensors also detect, estimate, and evaluate the profiles on various object surfaces and are suitable for different industrial applications, including HVAC systems, industrial equipment, transportation systems, mobile hydraulics, heavy-duty machinery,
smart buildings, and construction equipment.
Moreover, with constant technological development and connecting networks, consumer electronic devices, including smartphones and tablets, are now equipped with wireless communications, localization technologies, and new sensory capabilities. Cutting-edge positioning-based systems have been increasingly used in such devices as they have more processing memory and battery power. These positioning systems assist users in different application fields like healthcare, tourism, manufacturing, tracking, navigation, and personal security activities. The increased demand for such devices drives the global position of sensor market revenue.
The rapid expansion of advanced technologies thereby motivated industry manufacturers to adopt the automation of industrial processes. Industrial manufacturers across various regions predominantly invest in improving their manufacturing infrastructure by applying fully automated machine tools. For instance, according to IFR, in 2019, nearly 373,000 units of industrial robots were dispatched worldwide. In addition, a recent report on 2020 Industrial Robots has mentioned a 12% enhancement in industrial robots functioning in factories globally, a record of 2.7 million robots in total. The tendency of manufacturers toward automation has thus driven the development of the position sensor market.
Increasing road accidents are leading to growing concerns regarding driver and passenger safety, which will also propel the demand for automotive position sensors across the globe. Also, the growing demand for automation and continuous developments in electronic sensor applications in automobiles are other major drivers for the growth of the automotive position sensor market during the forecast period.
The Position Sensor Market segmentation, based on contact type, includes contact and non-contact. The non-contact segment dominated the market, accounting for 35% of market revenue (1.93 Billion). Non-contact technology offers ease of use, reliable measurements, resistance to contamination, and high accuracy to end users. Contactless position sensors have a longer lifespan and higher resolution. However, contact is the fastest-growing category, as contact position sensors provide a high level of accuracy & ensure detectability on almost all surfaces.
The Position Sensor Market segmentation, based on output, includes analog and digital. The analog category generated the most income (70.4%) as analog sensors offer improved sensitivity and accuracy. However, digital is the fastest-growing category due to its huge utilization in automotive and industrial manufacturing.
November 2020:Renishaw plc launched QUANTiCencoder, equipped with position sensors to give analog output. It enables direct signal manipulation within customer electronics and is suitable for highly dynamic applications.
The Position Sensor Market segmentation, based on industry, includes aerospace, consumer electronics, manufacturing, healthcare, packaging, automotive, and others. The automotive segment dominated the market, accounting for major market revenue. This is due to the rising demand for position sensing in steering wheel position, automatic gear selection, throttle controlling, and managing vehicle stability. However, aerospace is the fastest-growing category due to the growing demand for complex development and production processes.
The Position Sensor Market segmentation, based on type, includes linear position sensors and rotary position sensors. The linear position sensor segment dominated the market, accounting for major market revenue owing to the wider adoption of nearness sensors in smartphones to detect accidental touchscreen taps. However, the rotary position sensor is the fastest-growing category owing to its numerous applications in automotive, aviation, healthcare, consumer electronics, and other emerging areas.
Figure 1: Position Sensor Market, by Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American position sensor market area will dominate due to the growing competition among key players as numerous key players are constantly developing several innovative products to cater to the evolving industrial needs, boosting the market growth in this region. Further, the US Position Sensor market held the largest market share, and the Canada Position Sensor market was the fastest-growing market in the North American region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Position Sensor Market SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's position sensor market accounts for the second-largest market share due to a large population, and growth in the production of commercial vehicles drives the market growth in this region. Further, the German position sensor market held the largest market share, and the UK position sensor market was the fastest-growing market in the European region.
The Asia-Pacific position sensor market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the rising adoption of advanced driver-assistance systems (ADAS) and autonomous cars owing to the stringent vehicle emission standards. Moreover, China’s position sensor market held the largest market share, and the Indian position sensor market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the position sensor market grow even more. Market participants are also undertaking multiple strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the position sensor industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global position sensor industry to benefit clients and increase the market sector. Major players in the position sensor market, including Honeywell International Inc. (US), SICK AG (Germany), ams AG (Austria), TE Connectivity (Switzerland), and others, are attempting to increase market demand by investing in research and development operations.
Vishay Intertechnology Inc (Vishay) manufactures discrete semiconductors and passive electronic components. The company's product portfolio includes MOSFETs, ICs, a broad range of diodes and rectifiers, and different optoelectronic products. These products offer single functions such as switching, amplifying, rectifying, and transmitting electrical signals. Vishay offers passive components, including resistors, inductors, magnetics, and capacitors. The company caters its products and services to various industries, including the automotive, computer, industrial, telecommunication, avionics, military, space, consumer, and medical sectors. It markets products through original equipment manufacturers, electronic manufacturing services companies and independent distributors. In April 2022, Vishay Intertechnology, Inc. created a recent micro position sensor with a 12.7 mm outer diameter that delivers more accuracy and resolution than rival devices of the same size and increased dependability and longevity in demanding military and industrial working conditions.
Renishaw Plc is an Industrial goods and machinery company which designs, manufactures and markets measurement, motion control, spectroscopy and precision machining products. The company offers precision measurement and process control, position and motion control, 3D laser scanning and measurement, healthcare, scientific, metal 3D printing and rapid prototyping products. Its services include assistance and support, upgrades, spare parts and accessories supply, customer support and training. Renishaw offers products for machine tool automation, coordinate measurement and additive manufacturing and gauging applications. It operates in the US, China, the UK, Colombia and Finland. In January 2021, Renishaw plc launched FORTISrange, a next-generation enclosed linear absolute encoder. It has position sensors and is based on industry-proven RESOLUTE encoder technology.
| Attribute/Metric | Details |
| Market Size 2023 | USD 5.51 Billion |
| Market Size 2024 | USD 5.95 Billion |
| Market Size 2032 | USD 10.28 Billion |
| Compound Annual Growth Rate (CAGR) | 7.06% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Contact Type, Output, Industry, Type and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Honeywell International Inc. (US), SICK AG (Germany), ams AG (Austria), TE Connectivity (Switzerland), MTS Systems (US), Vishay Technologies Inc. (US), Infineon Technologies AG (Germany), STMicroelectronics (Switzerland), Bourns (US), Allegro Microsystem (US), Synaptics (US), Apple Inc. (US), Egis Technology (Taiwan), Crucialtec (South Korea), Novatek Microelectronics (Taiwan), and Qualcomm Technologies, Inc. (US) |
| Key Market Opportunities | Growth in the penetration rate of position sensors in developing economies |
| Key Market Dynamics | Rising research and development opportunities |
Frequently Asked Questions (FAQ):
The Position Sensor Market size was valued at USD 5.51 Billion in 2023.
The global market is projected to grow at a CAGR of 7.06% during the forecast period, 2024-2032.
North America had the largest share in the Position Sensor Market
The key players in the market are Infineon Technologies AG (Germany), STMicroelectronics (Switzerland), Bourns (US), Allegro Microsystem (US), Synaptics (US), and Apple Inc. (US).
The non-contact category dominated the market in 2022.
The analog had the largest share in the global market.
The linear position sensor category dominated the market in 2022.
Automotive had the largest share of the global market.
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
Get in Touch
© 2025 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
