Market Highlights:
The inductive position sensor is a non-contact sensor that is used to measure both linear and rotary/angular positions of an object without any physical contact. They use the electromagnetic induction principle of a magnetic field in a metal target. These unique magnetic field sensors give accurate position measurements, are immune to stray magnetic fields and don’t require an external magnetic device. Currently, the use of non-contact technology in the field of precision measurement is rapidly growing owing to reliable measurements, resistance to contamination, and high accuracy to end-users. The quality and consistency of the information they convey are critical. An increase in automation and stringent regulations for safety are some of the factors driving the growth of the market. The market study is being classified by Type (Linear, Rotary and Angular), by Application (Automobiles, Industrial and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).

Key Players:
The prominent players in the Inductive Position Sensors are Honeywell International Inc. (United States), Rockwell Automation (United States), Ifm Electronic (Germany), Pepperl + Fuchs (Germany), Hans Turck GmbH (Germany), Schneider Electric (France), Omron Corporation (Japan), Panasonic Corporation (Japan), Eaton (Ireland), Baumer (Switzerland) and Renesas Electronics (Japan).

The Shape, such as Cylinder Sensors, is boosting the Inductive Position Sensors market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Output Signal, such as Analog, is boosting the Inductive Position Sensors market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Industry Vertical, such as Consumer Electronics, is boosting the Inductive Position Sensors market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Measurement Range, such as 5mm – 200mm, is boosting the Inductive Position Sensors market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

Major Market Development Highlights
In December 2021 Renesas Electronics Corporation had announced the acquisition of Celeno. Renesas' connectivity offering will be greatly enhanced with the inclusion of Celeno's industry-leading Wi-Fi technologies and software expertise. Furthermore, these technologies, when combined with Renesas' MCU/MPU/SoC processors, wireless ICs, sensors, and power management technologies, result in a comprehensive, end-to-end connectivity solution for both clients and access points that addresses IoT, infrastructure, industrial, and automotive applications.
On May 31, 2019, Omron Automation Americas, a globally recognized provider of advanced industrial automation solutions, has announced the release of over 2,500 new models of its E2E NEXT proximity sensor series featuring exceptionally long sensing distances and IoT functionality.

Key Questions Answered in the Report
What will the Inductive Position Sensors Market size and the growth rate be in Future?
What are the key factors driving the Inductive Position Sensors Market?
What are the key market trends and macro-economic impacting the growth of the Inductive Position Sensors Market?
What are the challenges to market growth?
Who are the key vendors in the Inductive Position Sensors Market?
What are the market opportunities and threats faced by the vendors in the Inductive Position Sensors Market?
Trending factors influencing the market shares of the Vendors.
What are the key outcomes of the five forces analysis of the Inductive Position Sensors Market?

Refer complete Table of Content of Inductive Position Sensors Market Study

Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Inductive Position Sensors market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Inductive Position Sensors market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Inductive Position Sensor Manufacturers, Raw Material Suppliers, Automobile Manufacturing Companies, Industrialists/Engineers/Vendors, Distributors/Traders/Suppliers, End-Use Industries and Others.
This helps us to gather the data for the players’ revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.