New market study, "Position Sensor Market - Global Trend and Forecast to 2022", has been published

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 increasing integration of position sensors in automotive electrical devices would drive the position sensor market"

The position sensor market is estimated to grow at a CAGR of 6.1% between 2016 and 2022 to reach USD 5.85 billion by 2022. The position sensor market is driven by factors such as the growing innovation in the automotive technology has widened the use of position sensors in a vehicle, high demand for position sensor from the aerospace industry, and growing trends of industrial automation.

Full Report Details at
- http://www.fastmr.com/prod/1134242_position_sensor_global_trend.aspx?afid=301

"Rotary position sensor to gain maximum growth during the forecast period"

The market for rotary position sensors is estimated to contribute the highest growth rate duing the forecast period. Rotary position sensors measure the rotational or angular movement of an object. These sensors are widely used in applications wherein the variable output such as frequency, speed, or volume need to be controlled. Some of the typical applications include robotics, test & measurement equipment,machine tools as well as small engines. The gworth in these applications is attributing to the high growth rate of the market. The position sensor is also estimated to witness a high growth in the automotive, packaging, manufacturing, and aerospace industries during the forecast period.

"Europe expected to hold the largest market share by 2022"

Europe held the largest size of the European position sensor market, in terms of value, compared to other regions. This is due to the rapid adoption of linear and rotary in various applications such as machine tools, material handling, robotics, and others in major counties of this region. Also, the presence of major automotive manufacturers such as the BMW Group (Germany), Daimler AG (Germany), Volkswagen AG (Germany), and Fiat Automobiles S.p.A. (Italy) among others have their manufacturing facility based in this region; the demand for position sensors is accelerated.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people.

Breakup of profile of primary participants is given below:

* By Company Type: Tier 1 - 48%, Tier 2 - 28%, and Tier 3 - 24%
* By Designation: C-level - 53%, Director Level - 26%, Others - 21%
* By Region: North America - 35%, Europe - 20%, APAC - 37%, RoW - 8%

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Electronic Sensors Market For Consumer Industry - Global Forecast to 2022
- Temperature Sensors Market - Global Forecast to 2022
- Ingestible Sensor Market - Global Forecast to 2022
- Level Sensors Market - Forecast - Global Trends & Forecast to 2022
- IoT Chip Market - Global Forecast to 2022