Valuing $9.1 billion in 2018, the position sensor market is expected to advance at a 7.7% CAGR between 2019 and 2024. The key drivers for the industry are the rising demand for such instruments in the automobile and aerospace sectors and rising focus of manufacturers on more-thorough inspections and accurate measurements.

Valuing $9.1 billion in 2018, the position sensor market is expected to advance at a 7.7% CAGR between 2019 and 2024. The key drivers for the industry are the rising demand for such instruments in the automobile and aerospace sectors and rising focus of manufacturers on more-thorough inspections and accurate measurements.