The global position sensor market is projected to grow from USD 14.53 billion in 2026 to USD 23.40 billion by 2032, representing an 8.3% compound annual growth rate, according to MarketsandMarkets. The report, titled "Position Sensor Market - Global Forecast to 2032," covers 2021–2032 and includes 150 market data tables, 75 figures and 290 pages. Growth is being supported by industrial automation, robotics, electric vehicles, advanced driver assistance systems, smart manufacturing and demand for precise, real-time motion measurement across automotive, manufacturing, aerospace and defense, healthcare, electronics and packaging. The digital signal-output segment is projected to record the highest CAGR at about 8.9%, while 3D sensors are expected to grow at 14.4%. Asia Pacific held about 42.5% of the market by value in 2025 and is projected to record the highest CAGR through 2032. The automotive industry is expected to hold the largest end-user share in 2032.