Market Overview:
The global non-contact magnetostrictive position sensors market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for non-contact magnetostrictive position sensors in various applications, such as the petroleum industry, chemical industry, pharmaceutical industry, food industry and others. Additionally, factors such as technological advancements and miniaturization are also contributing to the growth of this market.
Product Definition:
Non-contact Magnetostrictive Position Sensors are position sensors that use the principle of magnetostriction to detect the position of a ferromagnetic target. They are important because they can be used to detect the position of objects without contact, which makes them ideal for applications where contamination or wear and tear would be a problem.
Analog Type:
Analog type is a technology that uses continuous variable resistors and capacitors to create an electrical signal with continuously varying levels. It is used in position sensors, as it provides more resolution than conventional digital or pulse-width modulation techniques. Analog signals are generated by connecting the sensor's terminals to the input and output of a voltage-controlled oscillator (VCO).
Digital Type:
The digital type is used in the non-contact magnetostrictive position sensors market. The major factor that propels the growth of this market includes growing demand for contactless sensing technology, which is a result of technological advancements and cost-effectiveness associated with these devices.
Additionally, increasing usage in various applications such as robotics & automation, smart packaging solutions and healthcare boosts the demand for these products.
Application Insights:
The other application segment includes the manufacturing industry, transportation and logistics industry, aerospace and defense industry. The manufacturing sector is anticipated to emerge as the fastest-growing segment over the forecast period owing to increasing demand for NCMS in various applications including pharmaceuticals, food processing plants, petroleum refineries and chemical plants.
Petroleum industry was one of the major application sectors of non-contact magnetostrictive position sensors in 2017. These devices are used for a variety of applications such as well logging operations along with rotary drilling equipment & fixed drilling equipment like mud pumps & circulation pumps among others. They are also used in process control systems during petrochemical plant processes like crude oil refining or natural gas processing among others globally which is expected to drive their demand over next few years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position over the forecast period owing to increasing government funding for research and development activities in magnetostrictive materials, sensors and systems. Asia Pacific is estimated to be the fastest-growing regional market from 2018 to 2030 due to rising demand for non-contact magnetostrictive position sensors from industries such as petroleum, mining, civil engineering construction and manufacturing.
The growing electronics industry across emerging economies of India, China and South Korea coupled with increased spending on defense & security by governments are some of the major factors driving product demand across APAC region.
Growth Factors:
- Increasing demand for position sensors in automotive industry
- Growing demand from the medical sector
- Rising popularity of non-contact magnetostrictive position sensors in industrial applications
- Advances in sensor technology and miniaturization
- Growing awareness about the benefits of using non-contact magnetostrictive position sensors
Scope Of The Report
Report Attributes
Report Details
Report Title
Non-contact Magnetostrictive Position Sensors Market Research Report
By Type
Analog Type, Digital Type
By Application
Petroleum Industry, Chemical Industry, Pharmaceutical Industry, Food Industry, Other
By Companies
MTS Sensors, Balluff, ASM Sensor, MEGATRON, TURCK, AMETEK Gemco, TSM SENSORS SRL, Althen, GEFRAN
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Non-contact Magnetostrictive Position Sensors Market Report Segments:
The global Non-contact Magnetostrictive Position Sensors market is segmented on the basis of:
Types
Analog Type, Digital Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Petroleum Industry, Chemical Industry, Pharmaceutical Industry, Food Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- MTS Sensors
- Balluff
- ASM Sensor
- MEGATRON
- TURCK
- AMETEK Gemco
- TSM SENSORS SRL
- Althen
- GEFRAN
Highlights of The Non-contact Magnetostrictive Position Sensors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Analog Type
- Digital Type
- By Application:
- Petroleum Industry
- Chemical Industry
- Pharmaceutical Industry
- Food Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Non-contact Magnetostrictive Position Sensors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Non-contact magnetostrictive position sensors are used to measure the position of a moving object without physically contacting it. They use a magnetic field to sense the movement of an object, and can be used in applications such as robotics, machine vision, and medical imaging.
Some of the key players operating in the non-contact magnetostrictive position sensors market are MTS Sensors, Balluff, ASM Sensor, MEGATRON, TURCK, AMETEK Gemco, TSM SENSORS SRL, Althen, GEFRAN.
The non-contact magnetostrictive position sensors market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Non-contact Magnetostrictive Position Sensors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Non-contact Magnetostrictive Position Sensors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Non-contact Magnetostrictive Position Sensors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Non-contact Magnetostrictive Position Sensors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Non-contact Magnetostrictive Position Sensors Market Size & Forecast, 2020-2028
4.5.1 Non-contact Magnetostrictive Position Sensors Market Size and Y-o-Y Growth
4.5.2 Non-contact Magnetostrictive Position Sensors Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Analog Type
5.2.2 Digital Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Petroleum Industry
6.2.2 Chemical Industry
6.2.3 Pharmaceutical Industry
6.2.4 Food Industry
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Non-contact Magnetostrictive Position Sensors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Non-contact Magnetostrictive Position Sensors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Analog Type
9.6.2 Digital Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Petroleum Industry
9.10.2 Chemical Industry
9.10.3 Pharmaceutical Industry
9.10.4 Food Industry
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Analog Type
10.6.2 Digital Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Petroleum Industry
10.10.2 Chemical Industry
10.10.3 Pharmaceutical Industry
10.10.4 Food Industry
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Analog Type
11.6.2 Digital Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Petroleum Industry
11.10.2 Chemical Industry
11.10.3 Pharmaceutical Industry
11.10.4 Food Industry
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Analog Type
12.6.2 Digital Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Petroleum Industry
12.10.2 Chemical Industry
12.10.3 Pharmaceutical Industry
12.10.4 Food Industry
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Analog Type
13.6.2 Digital Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Petroleum Industry
13.10.2 Chemical Industry
13.10.3 Pharmaceutical Industry
13.10.4 Food Industry
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Non-contact Magnetostrictive Position Sensors Market: Competitive Dashboard
14.2 Global Non-contact Magnetostrictive Position Sensors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MTS Sensors
14.3.2 Balluff
14.3.3 ASM Sensor
14.3.4 MEGATRON
14.3.5 TURCK
14.3.6 AMETEK Gemco
14.3.7 TSM SENSORS SRL
14.3.8 Althen
14.3.9 GEFRAN
