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Position Sensor Market Share
- Report ID: GMI5571
- Published Date: Apr 2023
- Report Format: PDF
Position Sensor Market Share
Some of the prominent position sensor market players include:
- Honeywell International
- SICK AG
- Sensata Technologies.
These firms are consistently working on introducing technologically advanced products and expansions to match the rising end-user demand and expand their regional presence.
Frequently Asked Questions (FAQ) :
Market size for position sensor reached more than USD 4 billion in 2022 and will showcase over 8% CAGR from 2023-2032 with rising incorporation in automobiles for determining the position of the steering wheel, seats, pedals as well as several valves, knobs, and actuators.
Non-contact position sensor industry size may record over 9% CAGR from 2023-2032 due to the increasing deployment of autonomous vehicles and advanced driver assistance systems (ADAS) in the automotive industry.
Electronics position sensor industry size will exceed USD 3 billion by the end of 2032 on account of growing need to accurately measure and control the position of electronic devices, components, and systems.
North America position sensor is poised to depict over 8% CAGR from 2023-2032 due to the expanding competitive landscape in the region.
Position Sensor Market Scope
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