Position Sensor Market Size & Share 2023 to 2032
Market Size by Type (Linear Type, Rotary Sensor), by Contact Type (Non-Contact, Contact), by Output Type (Digital, Analog), by Application (Machine Tools, Robotics, Motion Systems, Material Handling, Test Equipment), by End Use & global forecast.
Report ID: GMI5571
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Published Date: April 2023
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Report Format: PDF
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Authors:
Suraj Gujar, Ankita Chavan
Position Sensor Market Size
Position Sensor Market size reached more than USD 4 billion in 2022 and is anticipated to showcase over 8% CAGR from 2023-2032. Extensive adoption of position sensors in automobiles for determining the position of the steering wheel, seats, pedals as well as several valves, knobs, and actuators will positively influence the industry outlook.
Position Sensor Market Key Takeaways
Market Size & Growth
Key Market Drivers
Challenges
The rising advances in road and vehicle designs has propelled the increasing number of accidents further prompting end-users to adopt better safety measures. The steadily decreasing injury and death rates in all developed countries will further favor the demand for position sensors.
The emerging trend of predictive maintenance is another impact rendering factor for the industry expansion. Predictive maintenance is a process to monitor equipment with the help of hardware and software for limiting unpredictable failure while minimizing the operational costs. Hence, the thriving need for enhancing the plant safety as well as extension of the operational life of assets & equipment across several businesses will anchor the adoption of position sensors.
The growing number of technical challenges, including the inability of detecting the precise position at specific temperature ranges for generating false alarms will hamper the position sensor market expansion. On account of their intricate design, position sensors are widely employed in the industrial settings. The surging demand for more affordable as well as smaller position sensors will further pose a challenge for the industry growth.
Position Sensor Market Analysis
Electronics position sensor market size will exceed USD 3 billion by the end of 2032. Position sensors are extensively deployed across the electronic industry as they help to accurately measure and control the position of electronic devices, components, and systems. The rising popularity of smaller and more accurate position sensors for fitting into compact electronic devices due to the emerging trend of miniaturization in the electronic industry.
Based on contact type, the demand for non-contact position sensors will record over 9% CAGR from 2023-2032. The growth can be attributed to the increasing deployment of autonomous vehicles and advanced driver assistance systems (ADAS) in the automotive industry. Hence, the rising emphasis of various automotive companies on collaborations for introducing advanced autonomous automotives will drive the product espousal.
With respect to output type, the digital position sensor market size reached over USD 1.5 billion in 2022 on account of the increasing rapid automation and higher sensor integration in several industries. Digital position sensors have gained immense potential in various automation applications, including robotics, and manufacturing equipment, among others for providing accurate and reliable position feedback. Moreover, the thriving deployment of Industry 4.0 and smart factory concepts is another impact rendering factor for the market statistics.
North America position sensor market size will depict over 8% CAGR from 2023-2032 due to the growing competition in the region as numerous key players are constantly coming up with several innovative products for catering to the evolving industrial needs. To cite an instance, Onsemi, in November 2022, launched the NCS32100, its dual-inductive rotary position sensor. The new sensor deploys a novel approach for providing unparalleled speed & accuracy and inductive position sensing.
Position Sensor Market Share
Some of the prominent position sensor market players include:
These firms are consistently working on introducing technologically advanced products and expansions to match the rising end-user demand and expand their regional presence.
Position Sensor Market News
The market research report of position sensor includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million and shipments in units from 2018 to 2032 for the following segments:
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By Type
By Contact type
By Contact type
By Application
By Application
The above information has been provided for the following regions and countries:
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
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Verified data sources
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GMI archive
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Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →