A position sensor is a sensor used for measuring the distance that has been traveled by a body from the starting position of the object to the reference position of the object. The sensor is also used to detect the presence or absence of the object.
According to the report, the Position Sensor Market is projected to increase at a CAGR of 8.88% over the forecast period 2019-2025.
The major players covered as part of the report are Texas Instruments Incorporated, CTS Corporation, TE Connectivity, MTS Sensor Technologie GmbH & Co. KG, Honeywell International Inc., Infineon Technologies AG, and NXP Semiconductors among others.
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