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Research report explores the Global position sensor market forecast to 2024

Industrial Market Research

Global Position Sensor Market with figures as recent as 2017 and forecasts up to 2024 provides an overview of the industry including its definition, size, share, growth, applications and manufacturing technology. Report also explores the major industry players in detail as well as company profile, product specifications, capacity and production value.


Global Position Sensor Market accounted for USD 3.75 billion in 2016 growing at a CAGR of 7.3% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Some of the major players operating in this market are

  • Honeywell International Inc.
  • TE Connectivity Ltd.
  • AMS AG
  • MTS Systems Corporation
  • Renishaw PLC.
  • Vishay Intertechnology, Inc.
  • Panasonic Corporation
  • Infineon Technologies AG.
  • Stmicroelectronics N.V.
  • Qualcomm Technologies, Inc.
  • Allegro Microsystems, LLC
  • Bourns Inc.
  • Dr. Johannes HEIDENHAIN
  • Hans TURCK GmbH & Co. KG
  • Novotechnik U.S. Inc.
  • SIKO GmbH
  • Sensata Technologies
  • Piher Sensors & Controls
  • Zettlex UK Ltd
  • Variohm EuroSensor
  • ELLA KGaA Hueck & Co.
  • Alliance Sensor Group
  • POSITEK LIMITED
  • NetzerLtd
  • FRABA B.V.

Market Definition: Global Position Sensor Market

Position Sensors are the sensors used in measuring the distance travelled by a body from its particular location. Optical position sensors are useful in improving the power management of smart devices; hence, the demand for the position sensor will rise in the near future.It has its wide application in machine tools, test equipment, robotics.