TechNavio recognizes the following companies as the key players in the Position Sensor Market in North America: ifm electronics GmbH, Schneider Electric SA, and Turck GmbH & Co. KG.
Commenting on the report, an analyst from TechNavio’s team said: “Development in wireless technology will help IWSNs to be used across a wide range of applications in the Industrial sector and will also help reduce operational costs in the long run. There has already been high adoption of wireless technologies such as Bluetooth, ZigBee, and Wi-Fi. The use of these wireless technologies has allowed IWSNs to be used in the Automotive and Healthcare industries. Other solutions such as WirelessHART, SP100, also aid in the widespread use of IWSNs across various applications. The impact of the development of wireless technology and its use for different applications is expected to be high during the forecast period.”
According to the report, the Position Sensor Market in North America is witnessing many growth drivers such as the increasing adoption of position sensors, including in the Aerospace industry. Various types of position sensors including inductive proximity sensors, inductive linear displacement sensors, RVDTs, and LVDTs, have been used in the Aerospace industry for better monitoring and effective functioning of aerospace parts.
Further, the report states that a major challenge in the market is the lack of product differentiation. Several vendors in the market offer similar kinds of position sensors, which create intense competition among the vendors.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Banner Engineering Corp., Denso Corp.,Eaton Corp., Honeywell International Inc., OMRON Corp., and Siemens AG.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/position-sensor-market-north-america-201…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report -Position Sensor Market in North America 2012-2016
