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Non-Contact Position Sensors Market Size, Share & Industry Analysis By Type (Pneumatic, Electric, Others), By Vehicle Type (Passenger Cars, Commercial Vehicles) and Regional Forecast, 2024-2032

Region : Global | Report ID: FBI103602 | Status : Ongoing

 

KEY MARKET INSIGHTS

Non-contact position sensors measures the angular or linear position of substances without any physical contact. Nowadays, the utilization of non-contact sensor technology in the field of accurate measurement is increasing at a faster rate. These sensors have the ability to sense the magnetic fields near them without touching them, thus leaving no space for friction. Non-contact sensor technology can provide the end users with anti-pollution property, reliable measurement, and high precision. Compared with contact technology sensors, the non-contact position sensors can offer a higher resolution and an extended service life. In addition, the non-contact position sensors uses wear-free technology. These sensors enables frictionless moving parts, thereby eliminating the wear and tear as well as the mechanical failure. Position sensors are suitable for a wide range of automotive and manufacturing applications, including wave speed sensing, steering wheel position sensing, and transportation engine codecs and can also detect the presence and absence of an auto component. Over the past few years, the demand for non-contact position sensors in vehicles has continued to grow owing to the increasing demand for achieving high-speed precision control as well as escalating active vehicle safety to develop advanced driver assistance systems.


Key Market Driver -

Increasing use of electronics in vehicles is expected to drive the growth of the market in the forecast period.

Key Market Restraint -

High replacement cost and complex mechanisms may hinder the growth of the market during the forecast period.


Market Segmentation:


Globally, the non-contact position sensors market is segmented by type, by vehicle type, and by geographic coverage. Based on type, the market is further bifurcated into pneumatic non-contact position sensors, electric non-contact position sensors and other sensors. Pneumatic non-contact position sensors holds the major share in the global market. The greater reliability, high precision, and compact size of non-contact pneumatic sensors make them predominantly appropriate for tight tolerance applications in closed, harsh or hard-to-reach spaces, and dangerous surroundings. Fast response, sensing accuracy, and robust self-cleaning design can offer an excellent reliability to the end users. These sensors are the perfect substitutes for mechanical valves and electrical switches. Also, the non-contact pneumatic sensor detects the presence or distance of an object through the air jet. The signal pressure output changes to indicate the presence of objects. Thus, owing to these advantageous properties, the non-contact pneumatic position sensors are expected to gain high traction in the electronics segment of the automobiles. The vehicle type is further divided into passenger cars and commercial vehicles. The passenger cars segment holds the significant share in the global market and is estimated to propel during the forecast period. The rapid growth in the world’s demographic rate, development in the technological advancements in vehicles, improvement in the living standards of people as well as rise in the disposable income of the population is fuelling the sales and production of vehicles across the globe. Moreover, the adoption of technologically advanced functionalities such as advanced driver assistance systems, telematics, and V2X communication systems in passenger cars is gaining high popularity amongst the people thus creating increasing the demand for non-contact position sensors in automobiles.          

Key Players:


Major players operating in the global non-contact position sensors market include Robert Bosch GmbH, Continental AG, Ametek Inc., Sensata Technologies, Inc., Sick AG, TE Connectivity Ltd., Emerson Electric Co., Heidenhain Corporation, Honeywell International, Inc., Hans TURCK GmbH & Co. KG, Balluff Inc. and MTS System Corporation among others.

Key Insights



  • New Advancements in non contact position sensors

  • Number of Products, Key Countries, 2019

  • New Product Launches, Key Players


Regional Analysis:


Geographically, the non-contact position sensors market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific holds the largest revenue share in the global non-contact position sensors market and is projected to propel over the decade. Developing countries such as China and India are the largest manufacturers of electronics and automobiles across the globe owing to the availability of raw materials, low cost of labours and adoption of advanced technologies.

Moreover, the rapid development of the manufacturing industry and the huge demand for new automobile tools and components in the Chinese market are expected to drive regional growth in the next few years. Also, the high sales and production of vehicles in anticipated to create high opportunities for the non-contact position sensors in the automoitve market of this region. Europe holds the second largest share in the global market owing to the presence of prominent automobile key players as well as high adoption rate of advaned technologies by the automotive industry of this region.

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Segmentation






















 ATTRIBUTE

  DETAILS

By Type



  • Pneumatic

  • Electric

  • Others



By Vehicle Type



  • Passenger Cars

  • Commercial Vehicles



By Geography



  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World






  • Ongoing
  • 2023
  • 2019-2022

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