Global Industrial Linear Position Sensors Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Industrial Linear Position Sensors Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

The position sensor refers to a device that can identify an object's movement or identify its relative position to a known reference point. These sensors are used to detect the presence or absence of an object. It is also used to measure the distance traveled by a body from its starting point. It determines the linear or angular location of a fixed point or arbitrary reference. The main types of position sensors are linear position sensors and rotary position sensors. Linear position sensors refer to a sensor that measures the distance of an object from a point of reference, and also the changes in position. They accomplish this by converting displacement to electrical output. They are available in many mechanical styles and mounting configurations with a variety of stroke lengths. Industrial linear position sensors and measuring systems are employed in aerospace & defense, consumer electronics, medical equipment, automotive & marine, and other applications.

Market Overview:

The latest research study on the global Industrial Linear Position Sensors market finds that the global Industrial Linear Position Sensors market reached a value of USD 793.78 million in 2023. It’s expected that the market will achieve USD 1262.56 million by 2029, exhibiting a CAGR of 8.04% during the forecast period.

The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. Severe disruptions to global markets caused by Russia’s war on Ukraine have exposed vulnerabilities to the security of the supply of raw materials critical for industrial production and for the green transition. These supply chain vulnerabilities are the result of export restrictions, bilateral dependencies, a lack of transparency and persistent market asymmetries, including the concentration of production in just a few countries. For countries affected by supply chain vulnerabilities, there is potential to diversify sourcing through expanded production and accessing known critical raw materials reserves.

One of the primary drivers of the global linear position sensors market is the manufacturing industry's increased emphasis on precise measurements and meticulous inspection. To meet industry requirements, the manufacturing business demands a high level of precision. These sensors detect, measure, and evaluate the profiles on various object surfaces and are appropriate for a wide range of industrial applications, including HVAC systems, transportation systems, industrial equipment, mobile hydraulics， smart buildings， heavy duty machinery, and construction equipment. When the linear position sensors are connected with the analytics software, many measurement jobs become easier.

The main challenge for the linear position sensors market is the lack of proper standards to measure performance indicators. For example, defining and creating standards for a certain technology is a strict procedure. Currently, terminologies like precision, accuracy, and resolution are not explicitly defined, and they differ greatly across manufacturers and researchers. The majority of the industry's leading companies have their approach to building these sensors. As a result, the lack of common standards makes predicting the performance of a linear position sensor given a set of parameters challenging.

Region Overview:

In 2022, the share of the Industrial Linear Position Sensors market in Europe stood at 42.05%.

Company Overview:

Temposonics
Temposonics (formerly MTS Sensors) is recognized as an industry leader in sensing technologies and solutions. Temposonics is the pioneer and leading manufacturer of magnetostrictive technology for measuring position and/or liquid level. Temposonics’ sensors permit high-precision and dynamic position and/or speed measurement in state-of-the-art automation and safety-critical applications. Since April 2021, the company Temposonics is part of Amphenol Corporation. Amphenol is one of the largest manufacturers of interconnect products in the world.

Sensata (BEI Sensors)

Sensata Technologies is a global industrial technology company striving to create a cleaner, more efficient, electrified and connected world. Through our broad portfolio of sensors, electrical protection components and sensor-rich solutions which create valuable business insights, Sensata helps customers address increasingly complex engineering and operating performance requirements.

Temposonics is one of the major players operating in the Industrial Linear Position Sensors market, holding a share of 9.70% in 2023.

Segmentation Overview:

Among different product types, LVDT Linear Position Sensors segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Consumer Electronics segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Industrial Linear Position Sensors market covered in Chapter 3:

Turck
Temposonics
Balluff
AMETEK
TR Electronic
Sensata(BEI Sensors)
Honeywell
Celera Motion (Zettlex)
Novotechnik
Panasonic
ASM En
MEGATRON
GEFRAN
NSD Group
TE Connectivity

In Chapter 4 and Chapter 14.2, on the basis of types, the Industrial Linear Position Sensors market from 2019 to 2030 is primarily split into:

Magnetostrictive Linear Position Sensors
LVDT Linear Position Sensors
Linear Encoder Linear Position Sensors
LVIT Linear Position Sensors
Potentiometric Linear Position Sensors
Optical Linear Position Sensors
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Industrial Linear Position Sensors market from 2019 to 2030 covers:

Aerospace & Defense
Consumer Electronics
Medical Equipment
Automotive & Marine
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)