Position Sensor Market Research Report - Global Forecast 2032

Position Sensor Market Research Report Information By Contact Type (Contact and Non-Contact), By Output (Analog and Digital), By Industry (Aerospace, Consumer Electronics, Manufacturing, Healthcare, Packaging, Automotive, and Others), By Type (Linear Position Sensor, and Rotary Position Sensor) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

ID: MRFR/SEM/2057-CR | 100 Pages | Author: Aarti Dhapte | February 2021         

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Global Position Sensor Market Overview:


The Position Sensor Market size was valued at USD 5.1 Billion in 2022. The position sensor industry is projected to grow from USD 5.51 Billion in 2023 to USD 10.28 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.10% during the forecast period (2023 - 2032). The increasing adoption of integrated management systems in customer electronics devices, including smartphones and tablets and the rising enforcement of stringent environmental regulations imposed on the industries are the key market drivers enhancing the market growth.


Position Sensor Market


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Position Sensor Market Trends




  • The increasing focus on the manufacturing industry is driving the market growth.




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.


Position Sensor Market Segment Insights:


Position Sensor Contact Type Insights


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.


Position Sensor Output Insights


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.


Position Sensor Contact Industry Insights


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.


Position Sensor Type Insights


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)


Position Sensor Market, by Type, 2022 & 2032


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Position Sensor Regional Insights


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)


Position Sensor Market SHARE BY REGION 2022


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.


Position Sensor Key Market Players & Competitive Insights


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.


Key Companies in the Position Sensor market include




  • 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)




  • Qualcomm Technologies, Inc. (US)




Position Sensor Industry Developments


September 2021: Balluff Inc. launched BOS R81K series sensors designed for area-wide use. It can be utilized in confined installation situations due to its design, mostly in conveyor belts.


May 2021: Allegro MicroSystems, Inc., a global provider of power and sensing solutions, announced the release of the A31315 sensor. This sensor is the newest member of the 3DMAG family of rotary and linear magnetic-position sensors, which will offer high performance and flexibility across design placements coupled with superior accuracy and on-chip diagnostics.


Position Sensor Market Segmentation:


Position Sensor Contact Type Outlook




  • Contact




  • Non-Contact




Position Sensor Output Outlook




  • Analog




  • Digital




Position Sensor Industry Outlook




  • Aerospace




  • Consumer Electronics




  • Manufacturing




  • Healthcare




  • Packaging




  • Automotive




  • Others




Position Sensor Type Outlook




  • Linear Position Sensor




  • Rotary Position Sensor




Position Sensor Regional Outlook




  • North America







    • US




    • Canada







  • Europe







    • Germany




    • France




    • UK




    • Italy




    • Spain




    • Rest of Europe







  • Asia-Pacific







    • China




    • Japan




    • India




    • Australia




    • South Korea




    • Australia




    • Rest of Asia-Pacific







  • Rest of the World







    • Middle East




    • Africa




    • Latin America




Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD 5.1 Billion
Market Size 2023 USD 5.51 Billion
Market Size 2032 USD 10.28 Billion
Compound Annual Growth Rate (CAGR) 8.10% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
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 5.1 Billion in 2022.

The global market is projected to grow at a CAGR of 8.10% during the forecast period, 2023-2032.

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.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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