Market Overview:
The global 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 these sensors in various applications, such as oil and gas, chemical, water conservancy, pharmaceuticals, food and others. Additionally, the growing demand for miniaturized and smart sensors is also contributing to the growth of this market.
Product Definition:
Magnetostrictive position sensors are a type of sensor that use the principle of magnetostriction to determine the position of a ferromagnetic object. These sensors are often used in industrial applications where accuracy and reliability are important.
Simulation Type:
Simulation type is a method used to determine the performance of a sensor system by creating an artificial situation that mimics real-world conditions. Simulation techniques are widely used in testing and designing systems for wireless communication, navigation, control and estimation of machines & equipment etc. The key application areas include automotive safety, healthcare devices/medical devices manufacturing industries etc.
The global magnetostricitive position sensors market size was valued at USD 1.6 billion in 2016.
Digital Type:
The digital type is used in the magnetostricitive position sensors to measure the displacement of a sensor element with respect to an Earth-fixed datum. The most commonly used digital types are Micronutrients, LVDT and SMDT.
LVDTs are low cost and have high measurement range; they can be easily deployed in harsh environments as they do not require maintenance or field support.
Application Insights:
The other applications include mining, construction and civil engineering. The oil & gas industry is expected to emerge as the fastest-growing application segment over the forecast period owing to its critical nature in managing upstream and downstream operations. Magnetostrictive sensors are used for various applications in oil & gas such as well logging, formation testing, and reservoir management.
The water conservancy segment is also anticipated to witness significant growth over the coming years due to increasing urbanization coupled with a rise in demand for clean water resources across the globe. Magnetostrictive position sensors find application in aqueducts, wells/pumps/canals alignment, channel lining etc., which involves measurement of distances along curved paths because of their high degree of flexibility compared to optical or electrical technologies.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a considerable growth rate of 7.8% over the forecast period, owing to increasing demand for magnetostrictive sensors from various end-use industries such as oil & gas, water conservancy, and others. Increasing use of position sensing technologies in mining applications due to rising need for efficient exploration and production processes is also anticipated to drive regional growth over the forecast period.
Growth Factors:
- Increasing demand for position sensors in automotive industry for advanced safety features
- Growing demand from the medical sector for implantable devices and prosthetics
- Rising popularity of drones and other unmanned vehicles, which require reliable position sensing systems
- Proliferation of smart homes and buildings, which need efficient occupancy detection systems
- Advances in magnetostrictive materials technology that improve sensor performance
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnetostricitive Position Sensors Market Research Report
By Type
Simulation Type, Digital Type
By Application
Oil, Chemical, Water Conservancy, Pharmaceutical, Food, Others
By Companies
AK Industries, ALPS Electric, AMETEK Factory Automation, ASM Automation Sensorik Messtechnik GmbH, DAS, ELOBAU, Festo, GEFRAN, Gentech International, GIMATIC, NOVOTECHNIK
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Magnetostricitive Position Sensors Market Report Segments:
The global Magnetostricitive Position Sensors market is segmented on the basis of:
Types
Simulation 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
Oil, Chemical, Water Conservancy, Pharmaceutical, Food, Others
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:
- AK Industries
- ALPS Electric
- AMETEK Factory Automation
- ASM Automation Sensorik Messtechnik GmbH
- DAS
- ELOBAU
- Festo
- GEFRAN
- Gentech International
- GIMATIC
- NOVOTECHNIK
Highlights of The Magnetostricitive 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:
- Simulation Type
- Digital Type
- By Application:
- Oil
- Chemical
- Water Conservancy
- Pharmaceutical
- Food
- Others
- 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 Magnetostricitive 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
- Market Entry Strategies
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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?
Magnetostricitive Position Sensors (MPS) are a type of sensor that uses the Earth's magnetic field to determine its position. This technology is used in navigation systems, mining equipment, and other applications where accurate positioning is essential.
Some of the key players operating in the magnetostricitive position sensors market are AK Industries, ALPS Electric, AMETEK Factory Automation, ASM Automation Sensorik Messtechnik GmbH, DAS, ELOBAU, Festo, GEFRAN, Gentech International, GIMATIC, NOVOTECHNIK.
The magnetostricitive position sensors market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Magnetostricitive Position Sensors Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Magnetostricitive Position Sensors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Magnetostricitive Position Sensors Market - Supply Chain
4.5. Global Magnetostricitive Position Sensors Market Forecast
4.5.1. Magnetostricitive Position Sensors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Magnetostricitive Position Sensors Market Size (000 Units) and Y-o-Y Growth
4.5.3. Magnetostricitive Position Sensors Market Absolute $ Opportunity
5. Global Magnetostricitive Position Sensors Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Magnetostricitive Position Sensors Market Size and Volume Forecast by Type
5.3.1. Simulation Type
5.3.2. Digital Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Magnetostricitive Position Sensors Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Magnetostricitive Position Sensors Market Size and Volume Forecast by Application
6.3.1. Oil
6.3.2. Chemical
6.3.3. Water Conservancy
6.3.4. Pharmaceutical
6.3.5. Food
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Magnetostricitive Position Sensors Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Magnetostricitive Position Sensors Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Magnetostricitive Position Sensors Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Magnetostricitive Position Sensors Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Magnetostricitive Position Sensors Demand Share Forecast, 2019-2026
9. North America Magnetostricitive Position Sensors Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Magnetostricitive Position Sensors Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Magnetostricitive Position Sensors Market Size and Volume Forecast by Application
9.4.1. Oil
9.4.2. Chemical
9.4.3. Water Conservancy
9.4.4. Pharmaceutical
9.4.5. Food
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Magnetostricitive Position Sensors Market Size and Volume Forecast by Type
9.7.1. Simulation Type
9.7.2. Digital Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Magnetostricitive Position Sensors Demand Share Forecast, 2019-2026
10. Latin America Magnetostricitive Position Sensors Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Magnetostricitive Position Sensors Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Magnetostricitive Position Sensors Market Size and Volume Forecast by Application
10.4.1. Oil
10.4.2. Chemical
10.4.3. Water Conservancy
10.4.4. Pharmaceutical
10.4.5. Food
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Magnetostricitive Position Sensors Market Size and Volume Forecast by Type
10.7.1. Simulation Type
10.7.2. Digital Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Magnetostricitive Position Sensors Demand Share Forecast, 2019-2026
11. Europe Magnetostricitive Position Sensors Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Magnetostricitive Position Sensors Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Magnetostricitive Position Sensors Market Size and Volume Forecast by Application
11.4.1. Oil
11.4.2. Chemical
11.4.3. Water Conservancy
11.4.4. Pharmaceutical
11.4.5. Food
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Magnetostricitive Position Sensors Market Size and Volume Forecast by Type
11.7.1. Simulation Type
11.7.2. Digital Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Magnetostricitive Position Sensors Demand Share, 2019-2026
12. Asia Pacific Magnetostricitive Position Sensors Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Magnetostricitive Position Sensors Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Magnetostricitive Position Sensors Market Size and Volume Forecast by Application
12.4.1. Oil
12.4.2. Chemical
12.4.3. Water Conservancy
12.4.4. Pharmaceutical
12.4.5. Food
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Magnetostricitive Position Sensors Market Size and Volume Forecast by Type
12.7.1. Simulation Type
12.7.2. Digital Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Magnetostricitive Position Sensors Demand Share, 2019-2026
13. Middle East & Africa Magnetostricitive Position Sensors Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Magnetostricitive Position Sensors Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Magnetostricitive Position Sensors Market Size and Volume Forecast by Application
13.4.1. Oil
13.4.2. Chemical
13.4.3. Water Conservancy
13.4.4. Pharmaceutical
13.4.5. Food
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Magnetostricitive Position Sensors Market Size and Volume Forecast by Type
13.7.1. Simulation Type
13.7.2. Digital Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Magnetostricitive Position Sensors Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Magnetostricitive Position Sensors Market: Market Share Analysis
14.2. Magnetostricitive Position Sensors Distributors and Customers
14.3. Magnetostricitive Position Sensors Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. AK Industries
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ALPS Electric
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. AMETEK Factory Automation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ASM Automation Sensorik Messtechnik GmbH
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. DAS
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ELOBAU
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Festo
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. GEFRAN
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Gentech International
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. GIMATIC
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. NOVOTECHNIK
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
