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%, driven by demand in various industries, including aerospace and automotive. Key segments include linear and rotary sensors, with significant growth expected in non-contact sensor types. Major players in the market include Sick AG, Honeywell, and AMS AG, focusing on accurate measurements and detailed inspection.