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Global Rotary Position Sensor Market – Industry Trends and Forecast to 2031

Semiconductors and Electronics

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Global Rotary Position Sensor Market – Industry Trends and Forecast to 2031

  • Semiconductors and Electronics
  • Upcoming Report
  • Apr 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Rotary Position Sensor Market – Industry Trends and Forecast to 2031

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2023–2031
Diagram Market Size (Base Year) USD 12.09 USD Billion
Diagram Market Size (Forecast Year) USD 26.87 USD Billion
Diagram CAGR %

Major Markets Players

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Global Rotary Position Sensor Market, By Type (Contact Type, Non-contact Type),  Application (Automotive, Industrial, Consumer Electronics, Aerospace and Defense) - Industry Trends and Forecast to 2031.

Rotary Position Sensor Market Analysis and Size

The global rotary position sensor market refers to the industry involved in the manufacturing, distribution, and deployment of sensors designed to measure the angular position or rotational movement of objects. Rotary position sensors play a critical role in various applications, including automotive systems, industrial machinery, consumer electronics, and aerospace and defense equipment, enabling precise monitoring and control of rotational motion. These sensors utilize contact or non-contact measurement principles to provide accurate position feedback, facilitating motion control, navigation, and automation tasks in diverse industries.

Data Bridge Market Research analyzes that the global rotary position sensor market was valued at USD 12.09 billion in 2023 and is expected to reach USD 26.87 billion by 2031, registering a CAGR of 10.5% during the forecast period of 2024-2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024-2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Contact Type, Non-contact Type), Application (Automotive, Industrial, Consumer Electronics, Aerospace and Defense)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, and Rest of the Middle East and Africa

Market Players Covered

Covered Bourns, Inc. (U.S.), Honeywell International Inc. (U.S.), TE Connectivity Ltd. (Switzerland), AMS AG (Austria), Vishay Intertechnology, Inc. (U.S.), Allegro MicroSystems, LLC (U.S.), Renishaw plc (U.K.), MTS Systems Corporation (U.S.), Novotechnik U.S. Inc. (U.S.), Contelec AG (Switzerland), Qualcomm Technologies , Inc. (U.S.), Q Technology (China)., CMOS Sensor Inc. (U.S.), ELAN Microelectonics (Taiwan), OXI Technology (China), Sonavation Inc. (U.S.), Touch Biometrix (U.K.) and Vkansee (U.S.)

Market Opportunities

  • Rising Use of Rotary Position Sensor in Renewable Energy
  • Growing Demand of Rotary Position Sensor in Medical Devices

Market Definition

A rotary position sensor is a type of sensor used to measure the angular position or rotational movement of an object. It can be employed in various applications across different industries to monitor and control the position of rotating components or machinery. Rotary position sensors are available in contact and non-contact types, offering different measurement principles and performance characteristics based on application requirements.

Rotary Position Sensor Market Dynamics

  • Expansion of Automotive Electronics Market

The expansion of the automotive electronics market is a significant driver for the global rotary position sensor market. Modern vehicles incorporate a wide range of electronic components and sensors to enhance safety, comfort, and performance. Rotary position sensors are essential for various automotive systems, including throttle control, steering angle sensing, pedal position sensing, and transmission control, enabling precise measurement and control of rotational motion. As automotive manufacturers focus on developing advanced driver assistance systems (ADAS), electric vehicles (EVs), and autonomous driving technologies, the demand for rotary position sensors is expected to grow significantly, driving market expansion.

  • Increasing Adoption of Industrial Automation

The increasing adoption of industrial automation is driving demand for rotary position sensors in manufacturing and process industries. Rotary position sensors play a vital role in industrial machinery and equipment for position feedback, motion control, and synchronization tasks. With the growing emphasis on improving operational efficiency, productivity, and quality in industrial settings, there is a rising demand for sensors capable of accurate and reliable position measurement in rotary applications. As industries automate their production processes and implement advanced control systems, the demand for rotary position sensors is expected to increase, fueling market growth.

  • Growth in Aerospace and Defense Sector

The growth of the aerospace and defense sector presents opportunities for the rotary position sensor market. Rotary position sensors are integral components in aerospace and defense applications, including aircraft control systems, navigation systems, weapon systems, and surveillance equipment. These sensors provide critical position feedback for controlling aircraft surfaces, tracking movements, and aiming weapons, ensuring accurate and precise operation in challenging environments. As governments worldwide invest in defense modernization programs and aerospace technologies, the demand for rotary position sensors for military and aerospace applications is projected to rise, driving market growth.

Opportunities

Growing Demand of Rotary Position Sensor in Medical Devices

In the healthcare industry, rotary position sensors are integrated into various medical devices such as surgical robots, patient monitoring systems, and diagnostic equipment. These sensors enable accurate positioning and movement control, facilitating minimally invasive procedures, precise diagnostics, and patient comfort.

  • Rising Use of Rotary Position Sensor in Renewable Energy

The renewable energy sector, including wind turbines and solar tracking systems, relies on rotary position sensors to optimize energy capture and efficiency. These sensors monitor the orientation of turbine blades and solar panels, adjusting their positions to maximize exposure to wind or sunlight, thereby enhancing energy output.

Challenges

  • Technical Complexity and Performance Requirements

The rotary position sensor market faces challenges due to the technological complexity involved in designing sensors that accurately measure rotational position across various industries and applications.

  • Data Security and Privacy

The increasing connectivity of devices and the rise of IoT applications, safeguarding sensor data from unauthorized access, manipulation, and cyber threats is paramount. Implementing robust security measures without compromising sensor performance and functionality poses a challenge for manufacturers in the rotary position sensor market.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on market, contact data bridge market research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

  • In March 2023, TE Connectivity Ltd. introduced a new range of rotary position sensors with enhanced accuracy and durability, catering to the growing demand in automotive and industrial applications
  • In October 2023, Renishaw plc announced the development of a next-generation optical rotary encoder for high-precision motion control applications, targeting aerospace and medical sectors

Rotary Position Sensor Market Scope

The market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

 Type

  • Contact Type
  • Non-Contact Type

Application

  • Automotive
  • Industrial
  • Consumer Electronics
  • Aerospace and Defense

Rotary Position Sensor Market Region Analysis/Insights

The market is analyzed and market size insights and trends are provided by country, application and product as referenced above.

The countries covered in the market report are U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America U.A.E., Saudi Arabia, South Africa, and Rest of Middle East and Africa.

North America is expected to dominate the market because of its robust industrial sector and technological advancements. The region benefits from a mature automotive industry and significant investments in automation and robotics. Additionally, stringent regulatory standards drive the adoption of precise sensing technologies, further bolstering market growth. With a strong presence of key market players and a focus on innovation, North America is positioned to maintain its leadership in the Rotary Position Sensor Market.

Asia-Pacific is expected to be the fastest growing region in the market due to burgeoning industrialization and increasing demand for automation across various sectors. The region's rapid technological advancements, coupled with a thriving automotive industry and expanding manufacturing base, are driving the adoption of rotary position sensors. Furthermore, the shift towards smart factories and the rise of Internet of Things (IoT) applications in Asia Pacific are propelling the demand for accurate and reliable position sensing solutions. Consequently, manufacturers are focusing on catering to this growing demand by introducing innovative and cost-effective sensor solutions, fueling market growth in the region.

The country section of the market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Rotary Position Sensor MarketShare Analysis

The market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the market are:

  • Bourns, Inc. (U.S.)
  • Honeywell International Inc. (U.S.)
  • TE Connectivity (Switzerland)
  • AMS AG (Austria)
  • Vishay Intertechnology, Inc. (U.S.)
  • Allegro MicroSystems, LLC (U.S.)
  • Renishaw plc (U.K.)
  • MTS Systems Corporation (U.S.)
  • Novotechnik U.S. Inc. (U.S.)
  • Contelec AG (Switzerland)
  • Qualcomm Technologies , Inc. (U.S.)
  • Q Technology (China).
  • CMOS Sensor Inc. (U.S.)
  • ELAN Microelectonics (Taiwan)
  • OXI Technology (China)
  • Sonavation Inc. (US)
  • Touch Biometrix (U.K.)
  • Vkansee (U.S.)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

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FREQUENTLY ASK QUESTIONS

The Rotary Position Sensor Market size will be worth USD 26.87 billion by 2031.
The Rotary Position Sensor Market growth rate will be 10.5% by 2031.
Expansion of Automotive Electronics Market, Increasing Adoption of Industrial Automation and Growth in Aerospace and Defense Sector are the growth drivers of the Rotary Position Sensor Market.
The type and application are the factors on which the Rotary Position Sensor Market research is based.
The major companies in the Rotary Position Sensor Market are Covered Bourns, Inc. (U.S.), Honeywell International Inc. (U.S.), TE Connectivity Ltd. (Switzerland), AMS AG (Austria), Vishay Intertechnology, Inc. (U.S.), Allegro MicroSystems, LLC (U.S.), Renishaw plc (U.K.), MTS Systems Corporation (U.S.), Novotechnik U.S. Inc. (U.S.), Contelec AG (Switzerland), Qualcomm Technologies , Inc. (U.S.), Q Technology (China)., CMOS Sensor Inc. (U.S.), ELAN Microelectonics (Taiwan), OXI Technology (China), Sonavation Inc. (U.S.), Touch Biometrix (U.K.) and Vkansee (U.S.).
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