Position Sensor Market - 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, 2023-2032

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.

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.