Position sensor market by type expected to worth 5.85 billion USD by 2022

According to the new market research report "Position Sensor Market by Type (Linear & Rotary), Contact Type (Contact & Non-Contact), Output, Application (Test Equipment, Material Handling, Machine Tools, Motion Systems, & Robotics), Industry, and Region - Global Trend and Forecast to 2022" , the position sensor market is estimated to reach USD 5.85 Billion by 2022, at a CAGR of 6.1% between 2016 and 2022. The increasing integration of position sensors in automotive and growing trends of industrial automation among others are the major drivers for the position sensor market.

Browse 70 market data tables and 84 figures spread through 195 pages and in-depth TOC on “Position Sensor Market".

Linear position sensors are expected to lead the position sensor market
Linear position sensors are one of the most commonly used devices for position sensing. The growth is precedential due to the growing adoption of linear sensor types such as encoders, linear variable differential transformers (LVDTs), magnetostrictive sensors, potentiometers, and others in application areas such machine tools, material handling, robotics, and others to determine the linear position or displacement of the target and provide information in the form of feedback to facilitate control activities.

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