Position Sensor Market worth 5.85 Billion USD by 2022

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MarketsandMarkets Presents
Position Sensor Market Research Report
Trend to 2022 The growth of this market is
propelled due to rapidly growing use of linear
and rotary position sensors in the automotive
industry.
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The position sensor market is estimated to reach
USD 5.85 Billion by 2022, at a CAGR of 6.1
between 2016 and 2022. The increasing integration
of position sensors in automotive and growing
trends of industrial automation among others are
the major drivers for the position sensor market.
This report provides a detailed analysis of the
position sensor market, based on verticals and
regions. The growing trends of industrial
automation and increased integration of position
sensors in vehicles are two of the major drivers
for the market. Additionally, one of significant
opportunities in the future for the position
sensor is its growing applications in consumer
electronics such as smartphones
tablets. Linear position sensors are expected to
lead the position sensor market Linear position
sensors are one of the most commonly used devices
for position sensing. The growth is precedential
due to the growing adoption of linear sensor
types such as encoders, linear variable
differential transformers (LVDTs),
magnetostrictive sensors, potentiometers, and
others in application areas such machine tools,
material handling, robotics, and others to
determine the linear position or displacement of
the target and provide information in the form of
feedback to facilitate control activities. Sample
pages of the Report http//www.marketsandmarket
s.com/requestsample.asp?id17719728
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The market in the robotics application expected
to grow at a high rate Robotics is expected to be
one of the major applications for position
sensors in the coming years. Position sensors
play a vital role in the operation of a robot. It
provides significant information in the form of
electronic signals to the controller, which helps
the robots to do its tasks. Position sensors such
as encoders, potentiometers, and resolvers are
widely used in robotics for sensing and
controlling the position of robots. Moreover, the
increasing adoption of robotics in various
industries such as manufacturing, automotive and
others is expected to drive the market for
position sensors in the near future. Asia-Pacific
expected to grow at a high rate between 2016 and
2022 Asia-Pacific is anticipated to grow at the
highest rate during the forecast period. The
growth can be attributed to the high demand from
manufacturing, packaging, and automotive
industries in this region for position sensors.
Additionally, the growing trend of industrial
automation in Asia-Pacific is expected to fuel
the position sensor market further. Report
Information http//www.marketsandmarkets.com/Ma
rket-Reports/position-sensor-market-17719728.html
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Major players in this market include ams AG
(Germany), Honeywell International Inc. (U.S.),
MTS Systems Corporation (U.S.), Renishaw Plc.
(U.K.), TE Connectivity Ltd. (Switzerland),
Vishay Intertechnology, Inc. (U.S.), Allegro
MicroSystems, LLC (U.S.), Bourns Inc. (U.S.), Dr.
Johannes HEIDENHAIN GmbH (Germany), Hans Turck
GmbH CO. KG (Germany), and Novotechnik U.S. Inc.
(Germany). About MarketsandMarkets We at
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ContactMr. RohanMarkets and Markets UNIT no
802, Tower no. 7, SEZMagarpatta city,
HadapsarPune, Maharashtra 411013,
India1-888-600-6441Email sales_at_marketsandmarket
s.com