Position Sensor Market Share

Market Share of Position Sensor Industry

The market is fairly consolidated due to the presence of a few prominent players, accounting for more than half of the total market share. The key players in the market include Honeywell International Inc., TE Connectivity, Balluff Inc., Baumer, Novotechnik, and Sensor Solutions Corp. Extensive R&D activities and subsequent product innovations were the strategies most adopted by the companies to gain a stronger foothold in the market globally.

Position Sensor Market Leaders

1. Honeywell International Inc.

2. TE Connectivity

3. Balluff Inc

4. Baumer

5. Novotechnik

*Disclaimer: Major Players sorted in no particular order