This Position Sensors report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
The position sensors market size has grown rapidly in recent years. It will grow from $6.32 billion in 2024 to $7.02 billion in 2025 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to growth in automotive and robotics, demand for accurate motion tracking, expansion of industrial automation and control, use in consumer electronics and gaming, regulatory standards for sensor safety.
The position sensors market size is expected to see strong growth in the next few years. It will grow to $10.27 billion in 2029 at a compound annual growth rate (CAGR) of 10%. The growth in the forecast period can be attributed to miniaturization and high-precision position sensors, growth in autonomous vehicles and drones, customized sensors for specific applications, expansion in smart cities and iot, increased use in wearables and human-machine interfaces. Major trends in the forecast period include lidar and optical position sensors, regulatory compliance in sensor safety, smart and adaptive position sensors, fusion of multiple sensor technologies, collaboration between position sensors and 5g networks.
The growing awareness of vehicle safety is anticipated to drive the expansion of the position sensors market. This heightened awareness stems from various factors, including a decrease in the frequency of vehicle accidents and their repercussions, regulatory safety standards, and more. In vehicles, position sensors play a crucial role in detecting the positions of the steering wheel, pedals, seats, and numerous valves, knobs, and actuators, thereby enhancing vehicle safety. For example, in September 2024, the National Highway Traffic Safety Administration, a U.S.-based government agency, reported that in 2022, there were approximately 5,930,496 police-reported traffic crashes, resulting in 42,514 fatalities and around 2,382,771 injuries. Consequently, the increasing awareness of vehicle safety is expected to drive growth in the position sensors market.
The position sensors market is poised for growth due to the increasing demand in the automotive industry. Position sensors find widespread applications in various automotive systems, providing critical data on the position or movement of components. The European Automobile Manufacturers Association reported a notable increase in global motor vehicle production, reaching 85.4 million units in 2022 - a 5.7% rise compared to the previous year. Additionally, the automobile sector achieved approximately 78 million unit sales in 2022, marking a significant 10% increase compared to both 2021 and 2020. This surge in automotive industry demand is a key driver for the position sensors market.
Major companies in the position sensors market are concentrating on developing technologically advanced solutions, such as Hall-effect sensor ICs, to improve precision, reliability, and energy efficiency across diverse applications. A Hall-effect sensor IC detects magnetic fields through the Hall effect, generating a voltage when it encounters a magnetic field. It is extensively used in automotive, industrial, and consumer electronics for accurate position, speed, and proximity sensing. For example, in October 2023, TDK Corporation, a Japan-based electronics company, introduced HAL 3927, a new position sensor that employs its advanced 3D HAL technology. This sensor delivers high-resolution position measurements with an extremely low angular error of ±1.0°, making it ideal for precision applications in the automotive and industrial sectors. Its dual output options (ratiometric analog and SENT interface) provide enhanced flexibility, facilitating easy integration into various systems while complying with safety standards such as ISO 26262.
Another innovation in response to the growing demand for EVs is the development of inductive position sensors. In June 2022, Microchip Technology Inc., a US-based semiconductor manufacturer, introduced a new family of inductive position sensors designed for EV motor control applications. These sensors employ differential inductance technology, providing increased precision, reliability, and efficiency compared to traditional sensors. Their compact and lightweight design makes them particularly suitable for electric vehicles.
The acquisition of Variohm Group by Magnasphere Corporation in February 2023 reflects the strategic efforts of companies to expand their product portfolios and strengthen their positions in the EV market. Magnasphere Corporation, a US-based manufacturer of magnetic contact sensor technology, aims to leverage Variohm Group's patented technology and broaden its customer base through this acquisition.
Major companies operating in the position sensors market include Honeywell International Inc., Siemens AG, Robert Bosch GmbH, Analog Devices Inc., Texas Instruments Incorporated, Panasonic Corporation, Renishaw plc, Omron Corporation, Microchip Technology Incorporated, Infineon Technologies AG, Beckhoff Automation GmbH & Co. KG, TE Connectivity Ltd., Kaman Aerospace Corporation, SICK AG, LEM Holding SA, Bourns, Inc., Novotechnik US Inc., Celesco Transducer Products Inc., Applied Measurements Ltd., Balluff GmbH, Posital Fraba Inc., SensoGuard GmbH, ASSEMBLY Technologies Inc., ZF Friedrichshafen AG, FSG Fussl GmbH, Omega Engineering Inc., Proxitron GmbH, Schaeffler Technologies AG & Co. KG, Keyence Corporation, Magnescale Co. Ltd.
North America was the largest region in the position sensors market in 2024. The regions covered in the position sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the position sensors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
Position sensors are devices used to determine the movement of an object or detect its relative position from a known reference point. They convert this information into signals suitable for transmission, control, or processing. These sensors have the ability to track an object's motion or calculate its position in relation to a fixed reference point.
The main types of position sensors include linear position sensors and rotary position sensors. Rotary position sensors are integrated circuits designed to detect and convert an object's movement into an electrical signal. This design allows users to regulate a variable output, such as frequency, speed, or volume control, making them suitable for applications requiring regular modification. Position sensors can be of the contact type, which includes both non-contact and contact types, providing output in digital or analog form. These sensors find applications in various industries, including machine tools, robotics, motion systems, material handling, test equipment, and more. End users of position sensors span across manufacturing, automotive, aerospace, packaging, healthcare, electronics, and other industries.
The position sensors market research report is one of a series of new reports that provides position sensors market statistics, including position sensors industry global market size, regional shares, competitors with a position sensors market share, detailed position sensors market segments, market trends and opportunities, and any further data you may need to thrive in the position sensors industry. This position sensors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The position sensor market consists of sales of capacitive displacement sensors, hall effect sensors, inductive sensors, photodiode sensors, and piezoelectric sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The position sensors market size has grown rapidly in recent years. It will grow from $6.32 billion in 2024 to $7.02 billion in 2025 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to growth in automotive and robotics, demand for accurate motion tracking, expansion of industrial automation and control, use in consumer electronics and gaming, regulatory standards for sensor safety.
The position sensors market size is expected to see strong growth in the next few years. It will grow to $10.27 billion in 2029 at a compound annual growth rate (CAGR) of 10%. The growth in the forecast period can be attributed to miniaturization and high-precision position sensors, growth in autonomous vehicles and drones, customized sensors for specific applications, expansion in smart cities and iot, increased use in wearables and human-machine interfaces. Major trends in the forecast period include lidar and optical position sensors, regulatory compliance in sensor safety, smart and adaptive position sensors, fusion of multiple sensor technologies, collaboration between position sensors and 5g networks.
The growing awareness of vehicle safety is anticipated to drive the expansion of the position sensors market. This heightened awareness stems from various factors, including a decrease in the frequency of vehicle accidents and their repercussions, regulatory safety standards, and more. In vehicles, position sensors play a crucial role in detecting the positions of the steering wheel, pedals, seats, and numerous valves, knobs, and actuators, thereby enhancing vehicle safety. For example, in September 2024, the National Highway Traffic Safety Administration, a U.S.-based government agency, reported that in 2022, there were approximately 5,930,496 police-reported traffic crashes, resulting in 42,514 fatalities and around 2,382,771 injuries. Consequently, the increasing awareness of vehicle safety is expected to drive growth in the position sensors market.
The position sensors market is poised for growth due to the increasing demand in the automotive industry. Position sensors find widespread applications in various automotive systems, providing critical data on the position or movement of components. The European Automobile Manufacturers Association reported a notable increase in global motor vehicle production, reaching 85.4 million units in 2022 - a 5.7% rise compared to the previous year. Additionally, the automobile sector achieved approximately 78 million unit sales in 2022, marking a significant 10% increase compared to both 2021 and 2020. This surge in automotive industry demand is a key driver for the position sensors market.
Major companies in the position sensors market are concentrating on developing technologically advanced solutions, such as Hall-effect sensor ICs, to improve precision, reliability, and energy efficiency across diverse applications. A Hall-effect sensor IC detects magnetic fields through the Hall effect, generating a voltage when it encounters a magnetic field. It is extensively used in automotive, industrial, and consumer electronics for accurate position, speed, and proximity sensing. For example, in October 2023, TDK Corporation, a Japan-based electronics company, introduced HAL 3927, a new position sensor that employs its advanced 3D HAL technology. This sensor delivers high-resolution position measurements with an extremely low angular error of ±1.0°, making it ideal for precision applications in the automotive and industrial sectors. Its dual output options (ratiometric analog and SENT interface) provide enhanced flexibility, facilitating easy integration into various systems while complying with safety standards such as ISO 26262.
Another innovation in response to the growing demand for EVs is the development of inductive position sensors. In June 2022, Microchip Technology Inc., a US-based semiconductor manufacturer, introduced a new family of inductive position sensors designed for EV motor control applications. These sensors employ differential inductance technology, providing increased precision, reliability, and efficiency compared to traditional sensors. Their compact and lightweight design makes them particularly suitable for electric vehicles.
The acquisition of Variohm Group by Magnasphere Corporation in February 2023 reflects the strategic efforts of companies to expand their product portfolios and strengthen their positions in the EV market. Magnasphere Corporation, a US-based manufacturer of magnetic contact sensor technology, aims to leverage Variohm Group's patented technology and broaden its customer base through this acquisition.
Major companies operating in the position sensors market include Honeywell International Inc., Siemens AG, Robert Bosch GmbH, Analog Devices Inc., Texas Instruments Incorporated, Panasonic Corporation, Renishaw plc, Omron Corporation, Microchip Technology Incorporated, Infineon Technologies AG, Beckhoff Automation GmbH & Co. KG, TE Connectivity Ltd., Kaman Aerospace Corporation, SICK AG, LEM Holding SA, Bourns, Inc., Novotechnik US Inc., Celesco Transducer Products Inc., Applied Measurements Ltd., Balluff GmbH, Posital Fraba Inc., SensoGuard GmbH, ASSEMBLY Technologies Inc., ZF Friedrichshafen AG, FSG Fussl GmbH, Omega Engineering Inc., Proxitron GmbH, Schaeffler Technologies AG & Co. KG, Keyence Corporation, Magnescale Co. Ltd.
North America was the largest region in the position sensors market in 2024. The regions covered in the position sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the position sensors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
Position sensors are devices used to determine the movement of an object or detect its relative position from a known reference point. They convert this information into signals suitable for transmission, control, or processing. These sensors have the ability to track an object's motion or calculate its position in relation to a fixed reference point.
The main types of position sensors include linear position sensors and rotary position sensors. Rotary position sensors are integrated circuits designed to detect and convert an object's movement into an electrical signal. This design allows users to regulate a variable output, such as frequency, speed, or volume control, making them suitable for applications requiring regular modification. Position sensors can be of the contact type, which includes both non-contact and contact types, providing output in digital or analog form. These sensors find applications in various industries, including machine tools, robotics, motion systems, material handling, test equipment, and more. End users of position sensors span across manufacturing, automotive, aerospace, packaging, healthcare, electronics, and other industries.
The position sensors market research report is one of a series of new reports that provides position sensors market statistics, including position sensors industry global market size, regional shares, competitors with a position sensors market share, detailed position sensors market segments, market trends and opportunities, and any further data you may need to thrive in the position sensors industry. This position sensors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The position sensor market consists of sales of capacitive displacement sensors, hall effect sensors, inductive sensors, photodiode sensors, and piezoelectric sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Position Sensors Market Characteristics3. Position Sensors Market Trends and Strategies4. Position Sensors Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Position Sensors Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Position Sensors Market34. Recent Developments in the Position Sensors Market
5. Global Position Sensors Growth Analysis and Strategic Analysis Framework
6. Position Sensors Market Segmentation
7. Position Sensors Market Regional and Country Analysis
8. Asia-Pacific Position Sensors Market
9. China Position Sensors Market
10. India Position Sensors Market
11. Japan Position Sensors Market
12. Australia Position Sensors Market
13. Indonesia Position Sensors Market
14. South Korea Position Sensors Market
15. Western Europe Position Sensors Market
16. UK Position Sensors Market
17. Germany Position Sensors Market
18. France Position Sensors Market
19. Italy Position Sensors Market
20. Spain Position Sensors Market
21. Eastern Europe Position Sensors Market
22. Russia Position Sensors Market
23. North America Position Sensors Market
24. USA Position Sensors Market
25. Canada Position Sensors Market
26. South America Position Sensors Market
27. Brazil Position Sensors Market
28. Middle East Position Sensors Market
29. Africa Position Sensors Market
30. Position Sensors Market Competitive Landscape and Company Profiles
31. Position Sensors Market Other Major and Innovative Companies
35. Position Sensors Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Position Sensors Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on position sensors market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for position sensors? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The position sensors market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Type: Linear Position Sensors; Rotary Position Sensors2) by Contact Type: Non-Contact Type; Contact Type
3) by Output: Digital Output; Analog Output
4) by Application: Machine Tools; Robotics; Motion Systems; Material Handling; Test Equipment; Other Applications
5) by End-User Industry: Manufacturing; Automotive; Aerospace; Packaging; Healthcare; Electronics; Other Ens-Users
Subsegments:
1) by Linear Position Sensors: Potentiometric Linear Position Sensors; Linear Variable Differential Transformers (LVDT); Magnetic Linear Position Sensors; Optical Linear Position Sensors2) by Rotary Position Sensors: Potentiometric Rotary Position Sensors; Rotary Encoders; Magnetic Rotary Position Sensors; Optical Rotary Position Sensors
Key Companies Mentioned: Honeywell International Inc.; Siemens AG; Robert Bosch GmbH; Analog Devices Inc.; Texas Instruments Incorporated
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
Some of the major companies featured in this Position Sensors market report include:- Honeywell International Inc.
- Siemens AG
- Robert Bosch GmbH
- Analog Devices Inc.
- Texas Instruments Incorporated
- Panasonic Corporation
- Renishaw plc
- Omron Corporation
- Microchip Technology Incorporated
- Infineon Technologies AG
- Beckhoff Automation GmbH & Co. KG
- TE Connectivity Ltd.
- Kaman Aerospace Corporation
- SICK AG
- LEM Holding SA
- Bourns, Inc.
- Novotechnik US Inc.
- Celesco Transducer Products Inc.
- Applied Measurements Ltd.
- Balluff GmbH
- Posital Fraba Inc.
- SensoGuard GmbH
- ASSEMBLY Technologies Inc.
- ZF Friedrichshafen AG
- FSG Fussl GmbH
- Omega Engineering Inc.
- Proxitron GmbH
- Schaeffler Technologies AG & Co. KG
- Keyence Corporation
- Magnescale Co. Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 7.02 Billion |
| Forecasted Market Value ( USD | $ 10.27 Billion |
| Compound Annual Growth Rate | 10.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 31 |
