Linear Position Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025
Linear position sensor is the linear variable differential transformer. It is type of electrical transformer which is used for sensing as well as measuring linear displacement. It primarily measures the linear position of an electronic device. The particular type of linear position sensor reads the measurement to convert the encoded position into a digital or analog signal. The linear position sensors market has been segmented into by technology potentiometer, magnetic linear position sensor, optical linear position sensor, inductive linear position sensors among others. The market is segmented on the basis of output which includes analog and digital. The market for linear position sensors is also segmented by end use which automotive, industrial, consumer electronics, aerospace and defense, healthcare among others. The market for linear position sensors has been segmented geographically into Asia Pacific, Europe, North America, South America and Middle East and Africa. Increasing technological advancement and process automation in different industrial setups is one of the major driving factors for the market. With increasing research activities the increasing potential application of linear position sensors in the defense, aerospace and aviation industry is stimulating the market for linear position sensors globally. Increasing application of magnetic linear position sensors in advanced vehicles is also boosting the market growth for linear position sensors across different regions globally. Increasing number of semiconductor device manufacturing hubs across developing economies along with growth of the automotive sector in different regions is also one of the reasons behind the growth of linear position sensors globally. Linear position sensors are widely used in industrial applications which include material handling, machine tools, test equipment, motion systems. Linear position sensors play an essential role in many parts of an advanced and high-tech automobile which is another driving factor for the market. Increasing demand for automotive electronic control systems (ECS) due to the growing importance of safety and driver convenience is anticipated to propel the demand for linear position sensor globally. Price erosion of components and raw materials along with cyclical nature of semiconductor industry may act as the major restraining factor for the market. Increasing application of linear position sensors in the industrial robotics is one of the major