Linear Position Sensors Market is driven by increasing technological advancement and process automation in different industrial setups, this report offers a comprehensive evaluation of the market
Linear position sensor is the linear variable differential transformer. It is type of electrical transformer which is used for sensing as well as measuring linear displacement.
It primarily measures the linear position of an electronic device. The particular type of linear position sensor reads the measurement to convert the encoded position into a digital or analog signal.
The market for linear position sensors is also segmented by end use which automotive, industrial, consumer electronics, aerospace and defense, healthcare among others. The market for linear position sensors has been segmented geographically into Asia Pacific, Europe, North America, South America and Middle East and Africa.
Increasing technological advancement and process automation in different industrial setups is one of the major driving factors for the market. With increasing research activities the increasing potential application of linear position sensors in the defense, aerospace and aviation industry is stimulating the market for linear position sensors globally.
Increasing application of magnetic linear position sensors in advanced vehicles is also boosting the market growth for linear position sensors across different regions globally. Increasing number of semiconductor device manufacturing hubs across developing economies along with growth of the automotive sector in different regions is also one of the reasons behind the growth of linear position sensors globally.
Linear position sensors are widely used in industrial applications which include material handling, machine tools, test equipment, motion systems. Linear position sensors play an essential role in many parts of an advanced and high-tech automobile which is another driving factor for the market.
Increasing demand for automotive electronic control systems (ECS) due to the growing importance of safety and driver convenience is anticipated to propel the demand for linear position sensor globally. Price erosion of components and raw materials along with cyclical nature of semiconductor industry may act as the major restraining factor for the market.
Increasing application of linear position sensors in the industrial robotics is one of the major opportunities for the market which may contribute in the growth of the market over the forecast period.
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In 2016, Asia Pacific is accounted for the largest market share in terms of revenue in the linear position sensor market, followed by North America and Europe globally. Increasing number of semiconductor device manufacturing hubs and rising advancement towards industrial automation is fueling the market for linear position sensors across Asia Pacific.
China is leading the market for linear position sensor across Asia Pacific, followed by Japan, India and South Korea. In North America, the U.S. is dominating the market for linear position sensors, followed by Canada and Mexico.
Vehicle electrification, process automation is boosting the demand for linear position sensors across North America. The U.K., Germany, Italy and France are leading the market for linear position sensors across Europe.
The U.A.E, South Africa, Brazil and Argentina among others are leading the market for linear position sensors across Middle East and Africa and South America owing to increasing application of linear position sensors in aerospace, healthcare, automotive and industrial sector.
Omron Corporation (Japan), Honeywell International Inc. (The U.S.), Keyence Corporation (Japan), TE Connectivity Ltd (Switzerland), MTS Systems Corporation (The U.S.), Sick AG (Germany), The Emerson Electric Company (The U.S.), Vishay Intertechnology, Inc. (The U.S.), Hans Turck GMBH CO.KG. (Germany) and National Instruments Corporation (The U.S.) among others are some of the major companies operating in the linear position sensor market globally.
Research and development, business alliances with other companies are some of the prime strategies adopted by the companies operating in the linear position sensors market globally.
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