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Position Sensors Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies and Forecasts, 2016 To 2024

  1. Published: January, 2014
  2. Format: Electronic (PDF)
  3. Number of pages: 91
  4. Industry: Semiconductors & Electronics

Global position sensors demand is expected to witness a lucrative growth mainly on account of expanding consumer electronic goods application. The global market was valued at approximately USD 7.00 billion in 2015.

Applications in automotive and mobile phone manufacturing are the major contributors which are expected to propel the market demand. Sensors are devices which are able to detect changes in the characteristics of its environment and proportionally convert them into measurable response.

These components are used to respond or function as per the variations in the surroundings. Diverse instrument types are available for various physical conditions. Plant automation and process industries are the major industries driving the demand for position sensors.

Rotary and linear position sensors are widely used in Europe on account of strict emission laws. These instruments help in maintaining vehicle compliance with respect to emission. Technological innovations in the field of optical position sensors are expected to further drive the global market volume in near future.

Development of compact chipset with improved functions have been possible on account of the development of optical sensors. Manufacturing companies require precision control measurement for high-speed machines.

This need is anticipated to create new avenues for market expansion. These components provide vehicles safety and also aid in driver assistance. These components are used in vehicles to aid in parking.

They are mounted on vehicle bumpers and are capable of sensing nearby objects. Increasing vehicle consumption rates are expected to drive the industry growth to a large extent over the forecast period. They are also used in aircraft for aviation safety to detect ground proximity.

Mobile phones use these instruments for various smart activities. Smartphones are fitted with instruments which activate defined tasks. The phones have sensors near ear piece which turns off the touch screen when it comes within a defined range of any object including the human ear.

The growing mobile phones market is also expected to significantly contributes to the overall industry development. Electronics, semiconductor, and automotive sectors are expected to emerge as potential application areas for industry enhancement in near future.

They are widely used in automotive applications which include automatic gear selection, wheel position, vehicle stability management and throttle control. The recent aerospace engineering involves highly complex devices, the number of electronic machineries and extreme security requirements.

This has demanded for complex expansion and manufacturing processes. Such construction method requires contactless detecting equipment, thereby encouraging the production demand in the aerospace application.

Photoelectric sensors are anticipated to be the fastest emerging segment over the forecast period. Growing sensor-based information and data based demand in industrial production through assembly line is expected to provide bright prospects to the photoelectric components demand.

Proximity and linear sensors are expected to appear as a favorable segment over the forecast period owing to the broader proximity sensors implementation in smartphones in order to identify the unintentional touch screen hits.

Furthermore, proximity sensors form an important component in significant data procurement devices in robotics. The purpose is to deliver information in the form of discrete procedure variables to controllers.

Wide linear and proximity sensors application in packaging machinery to detect the presence and position of various components is estimated to traction the devices demand over the forecast period.

The global industry is segmented on the basis of the application which includes military, aerospace, automotive, electronics & semiconductors and packaging. Automotive segment was the major contributor to the market demand followed by consumer electronics.

Developing technology in the field of robotics coupled with automated manufacturing services in packaging segment is expected to provide significant market development opportunities in the near future.

Asia-Pacific lead the market and is anticipated to continue its dominance over the forecast period. The major factor for its major share is the electronic appliances manufacturing especially in the countries including China, Japan, South Korea and Taiwan.

In addition, automobile manufacturing in Asia Pacific is a significant contributor to the industry demand. Regional demand was followed by North America and Europe mainly on account of military applications coupled with manufacturing automation.

Free trade agreements have helped regions including South America to undertake outsourcing manufacturing activities for North America. This has resulted in significant manufacturing and components assembling in countries including Mexico and Brazil.

Africa is expected to show a slow growth on account of lack of significant application industries including automotive and electric & electronic. Middle East is expected to develop at significant rates owing to increasing vehicle consumption rates.

Key players in the global market Sensata technologies, Honeywell International, Sick AG, and Heidenhain. Merger and acquisition play an important part in expanding the product portfolio. Sensata Technologies acquired Custom sensors in December 2015 in order to increase their portfolio.

Further, companies focus on research and development to introduce new types of devices in the industry to have a competitive advantage. Honeywell introduced their product which was capable of sensing noncontact angular positions.

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