High-Resolution Position Sensor Market

Market Overview

According to Reed Intelligence the High-Resolution Position Sensor Market Size will approximately grow at a CAGR of 4.4% during the forecast period.

A particular type of sensor called a high-resolution position sensor is designed to measure an object or system's location with absolute accuracy. These sensors typically use a variety of techniques, such as optical, magnetic, or capacitive, to detect and quantify position. High-resolution position sensors are used in a variety of applications, including robotics, motion control, industrial automation, scientific instrumentation, and others. They provide high precision and accuracy which is essential for applications that call for precise positioning or control, such as in medical imaging or semiconductor manufacturing. Resolution is the smallest incremental change in position that a position sensor can detect. A high-resolution position sensor's capacity to identify even the tiniest changes in location allows for precise and accurate observations.

Companies that create, produce, and sell sensors with the capacity to accurately and precisely measure the position of an item or system with high accuracy and resolution are included in the market for high-resolution position sensors. These sensors frequently make use of a variety of technologies, including as optical, magnetic, and capacitive, to detect and quantify position.

It is projected that the growing adoption of integrated control systems in consumer electronics goods like smartphones and tablets would create enticing development prospects throughout the course of the forecast period. Due to the growing trend of plant automation in the process sector, position sensors are in great demand.

Market Dynamics

High-Resolution Position Sensor Market Drivers

• Increasing standards for precise measurements and quality control measures

The position sensor is useful for automating, testing, or monitoring operations where displacement, distance, length, or position parameters need to be monitored. Today, wireless position sensors with automated scanning are available to aid in detecting the precise defect. The need for position sensors is driven by the increasing standards for precise measurements and thorough quality control measures in the manufacturing sector. In the manufacturing sector, LVDT position sensors, strong magnetic position sensors, capacitive position sensors, and encoders are the most widely utilized various kinds of position sensors.

• Accuracy in motion control applications is driving the growth

The need for high precision and accuracy in motion control applications is driving the growth of the high-resolution position sensor market. As the need for high precision and accuracy in motion control applications expands across a range of industries, there is an increasing need for high resolution position sensors that can offer perfect position feedback. High resolution position sensors are now more precise, dependable, and economical than ever. New position sensor types, such as optical and magnetic sensors, which offer higher resolution and better performance, have also been created as a result of these improvements.

• Increasing use of automation and robotics

Other reason for market growth is Increasing use of automation and robotics. The need for high resolution position sensors, which are necessary for directing the exact motions of robotic systems, is being driven by the expanding use of automation and robots in sectors such as manufacturing, automotive, and aerospace.

The need for machine monitoring and predictive maintenance is growing, and high-resolution position sensors may be used to monitor machine performance and forecast maintenance requirements, resulting in less downtime and increased productivity.

High-Resolution Position Sensor Market Restraints

• The global market for position sensors is increasing cost of investment

The main obstacles for businesses in this field are to increase their manufacturing capacity, create products of greater quality, and reduce overall production costs. As a consequence, one of the key barriers to the global market for position sensors is increasing cost of investment. Also, producers across a variety of industries and geographies are investing heavily in strengthening their manufacturing infrastructure through the use of fully automated machine tools, which fuels the growing demand for position sensors.

• Increases in pricing pressure on the position sensor affecting profit

Market restraints for market players as Position sensors are built to the requirements of the end users, therefore they can be customised. Every product has a different requirement for these sensors, which increases the price of a sensor.  however, demand sensor makers to offer the greatest technology at a lower cost. Due to this reason, position sensor production companies are experiencing more pricing pressure, which lowers their earnings.

High-Resolution Position Sensor Market Opportunities

• Measuring devices control and measurement of the machines in manufacturing companies

Growth of the market for the implementation of measuring devices control and measurement of the machines in manufacturing companies is expected to create new potential opportunities. It is predicted that the development of advanced driver assistance systems will boost industry growth through the expansion of active vehicle safety.

• Used in medical device will open new door for market players

Position sensors are frequently employed in medical devices such as X-ray machines, imaging equipment, and surgical robots, where high resolution and precision are crucial. High-resolution position sensors are becoming more necessary as there is a growing market for sophisticated medical equipment.

Sensor technology advances are accelerating, leading to the creation of high-resolution position sensors that are more precise, dependable, and economical. As an illustration, the advancement of high-resolution optical sensors has led to improvements to precision and accuracy, making them perfect for applications that demand a high level of accuracy.

• Increase in investment and reducing pools of labours

Position sensor demand is increasing quickly as a result of manufacturers from different region and sectors investing mainly in enhancing their production infrastructure using fully automated machine tools. Automation is something that manufacturers are looking to implement in their manufacturing process as a way to minimise the pool of workers and expensive wages while also increasing productivity. Besides this, automated machinery has advantages over conventional machinery such high speed, efficiency.

Market Scope

Segmental Analysis

High-Resolution Position Sensor Market Segment by Type

• Rotary Sensor

A spinning object's location, speed, and/or direction can all be determined with a rotary sensor. Several industries, including the automobile, aerospace, and industrial control systems, use rotary sensors. They are utilised in a number of automotive-related applications, including engine management, driving angle sensing, and accelerator position sensing.

• Linear Sensor

Linear position changes in position as well as the separation between an object and a reference object. It is an extremely precise tool for measuring linear displacement, and the outcome is proportionate to where the moveable core is placed.

• Angle Sensor

A mechatronic tool known as an angle sensor monitors and scales mechanical rotation into an electrical signal. They may be used to detect if an object is present or absent and are also referred to as rotary sensors.

High-Resolution Position Sensor Market Segment by Application

• Motor Communication

Particularly helpful in high-performance applications like robotics, automation, and industrial control systems include motor communication, high-resolution position sensors. To obtain precise and repeatable motions in these applications, careful motor control is necessary.

• Transmission

Transmission speed sensors provide the transmission control unit with information on the input, output, or intermediary speed of the transmission.

• Brake

Normally, a brake is not included in a high-resolution position sensor. A position sensor's main purpose is to provide a control system with position feedback by accurately and precisely measuring the location of a moving item.

Regional Analysis

The Global High-resolution Position Sensor Market is segmented by region as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

Asia Pacific

The outsourcing of manufacturing activities to low-cost developing countries in Asia is anticipated to result in a significant increase in the demand for high-quality precision equipment and sensors in this region due to the profitable industry for consumer electronics products like smartphones and laptops as well as the region's promising industrial manufacturing sector. Over the next seven years, regional growth is anticipated to be boosted by the robust development of the manufacturing sector and the enormous demand for new machine tools in the Chinese market.

Europe

The adoption of linear and rotational position sensors is being encouraged by strict emission laws passed in a number of European nations. These sensors are essential for ensuring that vehicles comply with the set emission limits. Due to continued technological advancements in optical position sensors, the sector is predicted to increase. Smaller, more efficient chipsets and modules are being developed as a result of this technology.

• Europe countries Contribution for development and strong manufacturing base

Market will drive in this region as the position sensor market in Europe is predicted to grow at a CAGR of 7.8% from 2020 to 2025. Germany, the UK, France, and Italy are the countries that will most significantly contribute to this development. Europe has a strong manufacturing base and is recognized across the world for its outstanding technical capabilities, best workforce, and R&D efforts.

North America

• Strong manufacturing Industries and advance technology

Market of North America is in position sensor is growing due to introduction of large industries like the automobile, aerospace, and defence, North America represents a large marketplace for high-resolution position sensors. A strong manufacturing industry exists in the area, and in order to ensure the precision and high quality of their output, they need accurate position sensors.

• Rising need for automation and robotics across a variety of sectors

Due to the rising need for automation and robotics across a variety of sectors, high-resolution position sensors are anticipated to have steady growth in North America in the future years. As cars become more sophisticated and require more accurate location sensing, the automobile sector in particular is predicted to be a big driver of growth in the area, Comparatively, the market for high-resolution position sensors in North America is expected to grow over the next few years due to the rising need for accurate position measurement across a wide range of industries.

Latin America

• Government encouragement and technology boom In south America

The government's focus on telecommunications and Chinese investment in the region, particularly in emerging technologies, are the main causes of the technology boom that is currently spreading Latin America. Consumer spending is expected to increase even further as Brazil and Argentina are expected to continue to lead the region's economic growth. The pressure sensor, temperature sensor, chemical and gas sensor, position and proximity sensor, and country are the segments of the Latin American smart sensor market. The end-user industries include automotive, healthcare, aerospace and defence, energy and power, food and beverage, and automotive.

Middle East and Africa

• Growing demand for High-resolution position sensors

Middle East countries are not developed region but it has been observed that High-resolution position sensors are finding a growing market in the Middle East and Africa because to rising demand from sectors like the automobile, aircraft, military, and healthcare. In the upcoming years, the market is expected to grow gradually, driven by rising industrialization and investments in automation and robotics.

High-resolution position sensors are offered on the MEA market by companies like Sick AG, Dynapar Corporation, and Novotechnik. These businesses provide a variety of high-quality sensors for diverse purposes, such as strong magnetic, rotary, and linear position sensors. Overall, it is anticipated that the MEA industry for high-resolution position sensors would expand over the next few years due to rising demand from different industries and the region's expanding uptake of cutting-edge technology. The business is still developing, though, and there are obstacles to overcome such low awareness and competition from low-cost sensors from other areas.

Key Players

1. ams
2. Allegro MicroSystems
3. Honeywell
4. Renesas Electronics 
5. Hamamatsu

Recent Developments

February, 2023- The Xeon W-3400 and Xeon W-2400 series are Intel's first top-to-bottom revamp of workstation hardware. These chip lineups are aimed at what Intel refers to as the Expert Workstation and Mainstream Workstation markets, respectively, and are intended for use in high-performance desktop workstation setups that require more CPU cores, more PCIe lanes, more memory bandwidth, or a combination of all three elements.