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North America position sensor market: 7.6% CAGR growth expected between 2012-2016

Press Release   •   Aug 21, 2013 15:56 BST

The North America position sensor market is to grow at a CAGR of 7.58 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing adoption of sensors in the Aerospace industry. The Position Sensor market in North America has also been witnessing the development of wireless technology. However, the increasing shift of manufacturing operations to developing countries could pose a challenge to the growth of this market.

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.

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.

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