The position sensor market is projected to grow from $4.7 billion in 2020 to $7.3 billion by 2025 at a CAGR of 9.2%. Key segments include linear and rotary position sensors used in machine tools, robotics, material handling, and test equipment. Major companies include SICK AG, Honeywell, ams AG, MTS Systems, and TE Connectivity. The Asia Pacific region is expected to experience the highest growth rate due to increasing manufacturing and adoption in automotive and aviation industries.