Global Position Sensors Market Size & Outlook, 2023-2030
The position sensors industry worldwide is expected to reach a projected revenue of US$ 10,425.4 million by 2030. A compound annual growth rate of 7% is expected of the worldwide position sensors industry from 2024 to 2030.
Revenue, 2023 (US$M)
$6,496.2
Forecast, 2030 (US$M)
$10,425.4
CAGR, 2024 - 2030
7%
Report Coverage
Worldwide
Global position sensors market, 2018-2030 (US$M)
Global position sensors market highlights
- The global position sensors market generated a revenue of USD 6,496.2 million in 2023 and is expected to reach USD 10,425.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7% by 2030.
- In terms of segment, photoelectric accounted for a revenue of USD 6,496.2 million in 2023.
- Photoelectric is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 6,496.2 million |
| Market revenue in 2030 | USD 10,425.4 million |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Largest segment | Photoelectric |
| Fastest growing segment | Photoelectric |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Photoelectric |
Other key industry trends
- In terms of revenue, the North America accounted for 29.0% of the global position sensors market in 2023.
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Position Sensors Market Scope
Position sensors market segmentation & scope
End Use
Automotive
Military & Aerospace
Electronics & Semiconductor
Packaging
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
Japan
China
India
Australia
South Korea
Brazil
South Africa
Saudi Arabia
UAE
Position Sensors Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global position sensors market size, by regions, 2018-2030 (US$M)
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