These position sensors are being used in the aerospace, manufacturing, automotive, packaging, healthcare, consumer electronics, oil and gas, and power generation industries for various applications. In the coming years, linear and rotary position sensors will be adopted at the highest rate in the manufacturing sector, due to the ongoing Industry 4.0 revolution.

The advent of industry 4.0 has fueled the adoption of automated solutions, smart sensors, and internet of things (IoT) technology in the manufacturing sector. The type segment of the position sensor market is bifurcated into linear and rotary. Of these, the rotary category accounted for the larger market share in 2018, due to the extensive use of rotary sensors in consumer electronics and automobiles. These sensors are used for detecting throttle and pedal positions in vehicles.

Globally, the APAC position sensor market generated the highest revenue in 2018, and it is also expected to demonstrate the fastest growth during the forecast period. This can be primarily ascribed to the burgeoning demand for consumer electronics and automobiles in the region. Moreover, the presence of two of the world’s leading EV manufacturers i.e., China and Japan, will also drive the demand for position sensors in the in the region in the foreseeable future.

Whereas, the linear category is expected to witness the faster growth during the forecast period, due to the surging need for linear sensors in the aerospace and manufacturing industries for accurate measurements. Besides, the escalating focus of China on the local production of aircrafts will also complement the market growth in the region in the forecast years.

Therefore, the booming automobile sales and expanding packaging industry will fuel the adoption of position sensors in the foreseeable future.

This market research report provides a comprehensive overview of the market
* The Future potential of the market through its forecast for the period 2020– 2030
* Major factors driving the market and their impact during the short, medium, and long terms
* Market restraints and their impact during the short, medium, and long terms
* Recent trends and evolving opportunities for the market participants
* Historical and the present size of the market segments and understand their comparative future potential
* Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings