North American Industrial Automation Position Sensor Market - Forecast(2024 - 2030)

The report predicts the North American Industrial Automated Position sensor market to grow with a CAGR 5.9% of over the period of 2017 - 2023. It claimed a revenue of $588.95 billion in 2017 is anticipated to grow in 2023. Capacitive Position sensor holds the revenue of $88.15 billion and by sensing type Non-Contact category holds the revenue of $173.13.billion in the year 2017

Position Sensor is a device which is broadly used in industrial application for measuring and analyzing the position or movement of a body or any material, from its starting position with respect to its reference position. The measurement includes both linear and angular with respect to its arbitrary reference or any fixed point. Both the presence and absence of the material can also be detected by its sensing principles.

 

Position sensors are used purposely for linear positioning of material have to be placed exactly at the right position. These position sensors gives assurance of reliable operation in different area of material handling and automation, including the field of Industry and research.

In Medical Industry, MRI and CT scan machines, and X-Ray machines are all function on position sensors to keep the patient and the image processing at the right spot. Hospitals are also uses position sensors to frame the linear and angular position of the bed according to the patient’s body condition.

In Manufacturing Industry, position sensors are used to place the hard core material for edging and cutting it in the right angle or based on the industrial requirement. These sensors works on its own sensing principle to handle the positioning of material.

The Key players in Industrial Automation Position sensor Market are Sensata Technologies, Inc., Honeywell International, Inc., Sick AG, Heidenhain Corporation, Ametek Inc., Balluff Inc., Emerson Electric Co., Hans TURCK GmbH & Co. KG., TE Connectivity Ltd., MTS System Corporation and other 10 companies are also included in the report.

The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2017-2023.

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