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Home | Search Global IT News: IT News & Press Release Distribution: According To The Latest Analysis: Position Sensor Market Set For Strong Growth (IT-NEWSWIRE.COM, May 26, 2017 ) According to MarketsandMarkets’ forecast, the position sensor market is expected to reach USD 5.98 Billion by 2022, at a CAGR of 6.27% between 2017 and 2022. The growth of this market is propelled by the increasing investment in manufacturing infrastructure, integration of position sensors in modern automobiles, and growing adoption of position sensors in the aerospace industry. The market is further driven by the growing trend in industrial automation and robotics application. Get free sample pages of this latest case study: http://www.marketsandmarkets.com/requestsample.asp?id=17719728 This report covers the position sensor market based on type, contact type, output, industry, application, and geography. In terms of application, robotics is expected to grow at the highest rate during the forecast period. Position sensors play an essential part in robotic construction. They are used to obtain the position feedback of the moving arm as well as the wheel of a robot, thereby improving the efficiency and reducing errors during its operation. The position sensor market for the automotive application is expected to grow at the highest rate between 2017 and 2022. Position sensors play an essential role in many parts of a high-tech or branded automobile. Position sensor finds its application in areas such as the body, powertrains as well as safety of the vehicle. The position sensor market in Asia Pacific (APAC) is expected to hold the major share between 2017 and 2022. APAC is the major hub for most of the established markets such as consumer electronics and automotive. The investment in these sectors in countries such as India, China, South Korea, and Japan has been on a rise. Complete PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=17719728 The major challenge for the companies is deficient procedures to measure performance standards of position sensors in the studied market. The major manufacturing players in the position sensor market are ams AG (Germany), Honeywell International, Inc. (US), MTS Systems Corporation (US) Renishaw plc. (UK), TE Connectivity Ltd. (Switzerland), Vishay Intertechnology, Inc. (US), Allegro MicroSystems, LLC (US), Panasonic Corporation (Japan), Infineon Technologies AG (Germany), STMicroelectronics N.V. (Switzerland), Qualcomm Technologies, Inc. (US), Bourns Inc. (US), and Dr. Johannes Heidenhain GmbH (Germany). About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. MarketsandMarkets Mr. Rohan 1-888-600-6441 sales@marketsandmarkets.com Source: EmailWire.Com Source: EmailWire.com

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