The Latin America, Middle East and Africa Position Sensor Market would witness market growth of 12.1% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 2,321.8 thousand units, showcasing a growth of 15.3% (2023-2030).
The increasing diminutive size and compactness of devices have generated a rising need for miniaturized position sensors that can be effortlessly incorporated into various applications while maintaining optimal performance and dependability. Manufacturers are increasingly focusing on developing smaller, lighter, and more energy-efficient sensors to meet the demands of modern electronics and IoT devices.
Traditional contact-based position sensors are being supplemented and, in some cases, replaced by non-contact sensing technologies such as optical, magnetic, and capacitive sensors. Compared to their contact-based counterparts, these non-contact sensors offer advantages such as higher precision, improved durability, and reduced wear and tear. They are well-suited for applications where precise measurement and long-term reliability are paramount.
The UAE is witnessing a growing shift towards vehicle electrification driven by government initiatives, environmental concerns, and advancements in EV technology. The electric vehicle industry of UAE is witnessing a surge in the need for precise models, which are essential for EV subsystems, including battery management systems, electric powertrains, and regenerative braking systems, as electric vehicles gain momentum. Thus, the expansion of the EV sector and increasing expenditure on the defense sector is propelling the market’s growth.
The Brazil market dominated the LAMEA Position Sensor Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $247.1 million by 2030. The Argentina market is showcasing a CAGR of 12.7% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 11.7% during (2023 - 2030).
Free Valuable Insights: The Worldwide Position Sensor Market is Projected to reach USD 11.3 Billion by 2030, at a CAGR of 9.3%
Based on Type, the market is segmented into Rotary and Linear. Based on Contact Type, the market is segmented into Non-Contact and Contact. Based on Output, the market is segmented into Digital and Analog. Based on Application, the market is segmented into Machine Tools, Robotics, Motion Systems, Material Handling, Test Equipment and Others. Based on Vertical, the market is segmented into Manufacturing, Packaging, Automotive, Electronics, Aerospace, Healthcare & Lifesciences and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
ByType (Volume, Thousand Units, USD Billion, 2019-2030)
By Contact Type (Volume, Thousand Units, USD Billion, 2019-2030)
By Output (Volume, Thousand Units, USD Billion, 2019-2030)
By Application (Volume, Thousand Units, USD Billion, 2019-2030)
By Vertical (Volume, Thousand Units, USD Billion, 2019-2030)
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
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