The Global Market for Position Sensors is Projected to Reach US$11.3 Billion by 2020
Rising Popularity of Advanced Smart Position Sensors
Drives the Global Position Sensors Market, According to a New Report by Global Industry Analysts, Inc.
GIA announces
the release of a comprehensive global report on Position Sensors. The
global market for Position Sensors is projected to reach US$11.3 billion by
2020, driven by the growing popularity of advanced smart position sensors.
Position
sensors represent an important type of measurement technology that helps
measuring or detecting the position of an object. These sensors are used widely
for measuring the distance travelled by a body or an object starting from its
reference position. Given that motion of a body or an object can be rectilinear
or curvilinear, position sensors can measure linear or angular position in
reference to fixed point or arbitrary reference. The trend towards plant automation in process industries is creating
attractive opportunities for demand growth in the market. In the automotive
sector, demand is driven by the rising need for position sensing in controlling
throttle and pedal positions, crank positions, steering wheel position, seat
position, headlight position, automated gear selection, engine and vehicle
stability management. In addition, stringent emission laws legislated in
various countries worldwide are encouraging the use of position sensors,
particularly rotary and linear position sensors, as these sensors play a critical role in ensuring
vehicle compliance with slated emission riders. Increased integration of
electronics and control systems in modern automobiles is also helping expand
growth in the market.
Use of position
sensors in machine tools is growing rapidly encouraged by increased investments
in manufacturing infrastructure and robust demand for fully automated machine
tools. Outsourcing of manufacturing activities to low cost developing countries
bodes well for demand in Asia-Pacific. Manufacturing industries in developing Asian
countries are expected to witness strong demand for high quality precision
equipment. China in particular, displays tremendous appetite for new machine
tools, given the robust development of the domestic manufacturing sector.
Steady growth in the automotive manufacturing sector, which accounts for about
half of the total machine tools consumed in the Chinese market, especially is
proving to be a key market driver. Shifting end-user preference from contact
position sensors to non-contact position sensing technologies is a key trend in the market,
driven by the limitations posed by contact technologies such as high power
consumption, interference and electronic noise. Non-contact sensors offer
advantages such as lesser wear and
tear, reduced risk of particulate contamination, low risk of disruptive
magnetic field interaction, and easy integration into non-serviceable places
and locations.
As stated by
the new market research report on Position Sensors, Europe represents the largest
market worldwide. Asia-Pacific ranks as the fastest growing market with sales
poised to grow at a CAGR of about 11.3% over the analysis period.
Major players
in the global market include Allegro MicroSystems Inc., ASM Automation Sensorik
Messtechnik GmbH, Balluff Inc., Bourns Inc., CTS Corporation, Curtiss-Wright
Controls Inc., Custom Sensors and Technologies Inc., DR. JOHANNES HEIDENHAIN
GmbH, Gentech International Ltd. , Honeywell International Inc., IFM Electronic
Gmbh, Infineon Technologies AG, Macro Sensors, Melexis Microelectronic
Integrated Systems N.V, Micro-Epsilon, MTS Systems Corporation, Murata
Manufacturing Company Ltd., Novotechnik, Panasonic Corporation, Piher Sensors
& Controls SA, Sensata Technologies Holdings N.V, SICK AG, Siemens AG,
Stoneridge Inc., Truck Inc., TRW Automotive Holdings Corp., and Vishay Intertechnology
Inc. among others.
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