Global Magnetostricitive Position Sensors Market Overview
Magnetostricitive Position Sensors Market accounted for USD 645.85 Million in 2020 and is estimated to be USD 822.73 Million by 2030 and is anticipated to register a CAGR of 2.5%.
Magnetostrictive position sensors are non-contact linear position sensors that use the momentary interaction of two magnetic fields to produce a strain pulse that moves along a waveguide. One field is from a magnet that moves along the outside of the waveguide. The other field is from the waveguide itself. Magnetostrictive position sensors that provide absolute measurements produce a unique signal for each point along the axis of travel. The advantage to this type of sensor is that it is non-contact and there is no wear or friction. It is also not affected by vibrations so there is no limit on the number of operating cycles. The disadvantage is the dead band on both sides of the sensor which cannot be reduced to zero.
The report “Global Magnetostricitive Position Sensors Market, By Type (Simulation Type, and Digital Type), By Application (Oil, Chemical, Water Conservancy, Pharmaceutical, Food, and Other), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029”
Key Highlights:
- In December 2019, ams AG launched the first inductive position sensor for high-speed, automotive, and industrial electric motors. The new rotor position sensing solutions based on the AS5715R can match the accuracy and latency of resolvers widely used in high-speed motor applications, while providing substantial savings in bill-of-materials cost, size, and weight.
- In December 2018, TE Connectivity (Switzerland) launched KMXP, a magnetoresistive position sensor that enables contactless point measurement, through TTI, Inc., its leading specialty distributor of electronic components.
Key Market Insights from the report:
The Global Magnetostricitive Position Sensors Market accounted for US$ 645.85 Million in 2020 and is estimated to be US$ 822.73 Million by 2030 and is anticipated to register a CAGR of 2.5%. The Global Magnetostricitive Position Sensors Market is segmented based on the Type, Application and region.
- By Type, the Global Magnetostricitive Position Sensors Market is segmented into Simulation Type, and Digital Type.
- By Application, the target market is segmented into Oil, Chemical, Water Conservancy, Pharmaceutical, Food, and Other.
- By region, the Global Magnetostricitive Position Sensors Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape:
Key players in the global magnetostictive position sensors market include:
- AK Industries
- ALPS Electric
- AMETEK Factory Automation
- ASM Automation Sensorik
- Messtechnik GmbH
- DAS
- ELOBAU
- Festo
- GEFRAN
- Gentech International
- GIMATIC