Precision in Motion: Technological Advancements in Position Sensor Market 2023
Global Position Sensor market was worth USD 5.3 Bn in 2022, and is projected to grow at a CAGR of 9.6% to reach USD 13.0 Bn from 2023 to 2032. Position Sensor Overview The global position sensor market has experienced steady expansion due to increasing adoption of automation and robotics across a range of industries. Position sensors play an essential role in measuring objects' position, displacement and orientation - these factors include the demand for accurate sensing in industrial applications as well as real-time monitoring needs in automotive and manufacturing companies; technological advances like non-contact position sensors as well as…
- Date: July 21, 2023
- Author: Timmy Thomas
- Category: Taiwan News