The global position sensor market is expected to grow from US$14.53 billion in 2026 to US$23.40 billion by 2032, driven in part by increasing use of sensors in electric vehicles and advanced driver-assistance systems, according to a new report from MarketsandMarkets.
The research firm projects an 8.3 per cent compound annual growth rate for the market between 2026 and 2032.
Position sensors are used to detect the location of components in vehicle systems, including steering, pedals, transmissions, throttles, motors and actuators. The report says demand is increasing as vehicles incorporate more electronic controls, electrified powertrains and safety systems.
The automotive industry is expected to account for a significant share of the position sensor market by 2032. Growth is being driven by applications in EV powertrains, power steering, braking, transmission and motor-control systems, as well as vehicle body applications and ADAS.
The report also projects the digital position sensor segment will have the highest growth rate through 2032. Digital sensors can transmit measurement data to electronic control units and other vehicle control systems, supporting functions such as diagnostics and real-time motion control.
Non-contact sensing technologies, including magnetic, Hall-effect and inductive sensors, are also expected to see increased adoption as manufacturers seek greater durability and accuracy.
MarketsandMarkets projects the Asia-Pacific region will record the highest growth rate during the forecast period, with demand supported by automotive production, EV adoption and industrial automation.
The report covers market data from 2021 to 2032 and examines position sensors by type, contact type, signal output, connectivity, technology, application and end-use industry.
