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Position Sensors Global Market Report 2023

Position Sensors Global Market Report 2023
PR Newswire
NEW YORK, March 14, 2023

NEW YORK, March 14, 2023 /PRNewswire/ — Major players in the position sensors market are Honeywell International Inc., SICK AG, AMS AG, TE Connectivity Corporation, Vi…

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Position Sensors Global Market Report 2023

PR Newswire

NEW YORK, March 14, 2023

NEW YORK, March 14, 2023 /PRNewswire/ -- Major players in the position sensors market are Honeywell International Inc., SICK AG, AMS AG, TE Connectivity Corporation, Vishay Intertechnology, Inc., Infineon Technologies, Bourns, STMicroelectronics, Allegro MicroSystems, Heidenhain, Baumer, Novotechnik, Positek Limited, Gill Sensors & Controls Limited, Cambridge Integrated Circuits, Tekscan Inc., Sensata Technologies Inc., NewTek Sensor Solutions, KEYENCE Corporation, Renishaw PLC., Panasonic Corporation, Qualcomm Technologies In, Denso Corporation, Sensata Technologies, TRW Automotive Inc., Stoneridge Inc., Continental Corporation, CTS Corporation, Bosch Sensortec GmbH, Analog Devices Inc., and Avago Technologies.

Read the full report: https://www.reportlinker.com/p06316140/?utm_source=PRN

The global position sensors market grew from $5.06 billion in 2022 to $5.56 billion in 2023 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The position sensors market is expected to grow to $8.91 billion in 2027 at a CAGR of 12.5%.

The position sensor market consists of sales of resistance-based or potentiometric position sensors, capacitive position sensors, linear voltage differential transformers, magnetostrictive linear position sensor, eddy current based position sensor, hall effect based magnetic position sensors, fiber-optic position sensor and optical position sensors.Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.

The value of goods in this market includes related services sold by the creators of the goods.

The position sensor refer to a device that can identify an object's movement or identify its relative position to a known reference point.These sensors are used to detect the presence or absence of an object.

It is also used to measure the distance travelled by a body from its starting point. It determines the linear or angular location to a fixed point or arbitrary reference.

Asia-Pacific was the largest region in the position sensors market in 2022 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the position sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of position sensors are linear position sensors and rotary position sensors.Linear position sensors refer to a sensor that measures the distance of an object from a point of reference, and also the changes in position.

They accomplish this by converting displacement to electrical output.Linear position sensors and measuring systems are employed in both industrial and research applications.

They are differentiated by contact into non-contact type, and contact type and provide both digital and analog outputs. Position sensors are used in machine tools, robotics; motion systems, material handling, test equipment, and others (inspection systems and measurement) in various end-users such as manufacturing, automotive, aerospace, packaging, healthcare, and electronics.

Increasing demand for electronics and sensor systems in automobiles will propel the growth of the position sensor market.Due to the rise in passenger car sales, there is increased demand for adaptive cruise control sensors as top automakers are working on incorporating these sensors into more affordable vehicles.

This leads to the expansion of the automotive sensor industry thereby contributing to the growth of the position sensor market. For Instance, as per the Indian Brand Equity Foundation (IBEF), in February 2022, passenger vehicle sales in India increased from 17.47 million units in 2020 to 18.49 million units in 2021, accounting for a 5.8% increase during the 2020-21 period.. Therefore, the increasing demand for electronics and sensor systems in automobiles will contribute to the growth of the position sensor market.

Product Innovation is a key trend gaining popularity in the position sensor market.Companies are creating new and innovative products to satisfy market needs and expand their existing product portfolio.

For instance, Melexis, a Belgium-based Semiconductor manufacturing company, introduced MLX90377 single- and dual-die (completely redundant) Triaxis position sensor for automotive and industrial applications, along with a new PCB-free position sensor package.The MLX90377 is a magnetic rotational and linear position sensor integrated circuit that follows in the footsteps of the MLX90371 and MLX90372 Triaxis sensors.

It incorporates an ADC with signal conditioning, DSP, and an output stage controller that supports SPC (Short PWM Code) and ratiometric analog, PWM, and SENT signal formats. It is based on the Triaxis Hall magnetic front-end.

In March 2020, TE Connectivity Ltd. (TE), a US-Swiss-based company specializing in designing and manufacturing connectors and sensors, acquired First sensor AG, for an undisclosed amount. The acquisition strengthens TE to offer an even broader product portfolio, including innovative, market-leading sensors, connections, and systems, as well as best-in-class capabilities, which will assist TE's sensors business and TE connectivity as a whole's growth plan. With optical sensing applications for industrial, heavy truck, and auto applications, First Sensor delivers market expansion opportunities. First Sensor AG is a German-based company specializing in producing standard sensors and customer-specific sensor solutions in the fields of photonics, pressure, and advanced electronics.

The countries covered in the position sensors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The position sensors market research report is one of a series of new reports that provides position sensors market statistics, including position sensors industry global market size, regional shares, competitors with a position sensors market share, detailed position sensors market segments, market trends and opportunities, and any further data you may need to thrive in the position sensors industry. This position sensors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Read the full report: https://www.reportlinker.com/p06316140/?utm_source=PRN

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Fed, central banks enhance ‘swap lines’ to combat banking crisis

Currency swap lines have been used during times of crisis in the past, such as the 2008 global financial crisis and the 2020 coronavirus pandemic.
…

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March 19, 2023

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Currency swap lines have been used during times of crisis in the past, such as the 2008 global financial crisis and the 2020 coronavirus pandemic.

The United States Federal Reserve has announced a coordinated effort with five other central banks aimed at keeping the U.S. dollar flowing amid a series of banking blowups in the U.S. and in Europe.

The March 19 announcement from the U.S. Fed comes only a few hours after Swiss-based bank Credit Suisse was bought out by UBS for nearly $2 billion as part of an emergency plan led by Swiss authorities to preserve the country's financial stability.

According to the Federal Reserve Board, a plan to shore up liquidity conditions will be carried out through “swap lines” — an agreement between two central banks to exchange currencies.

Swap lines previously served as an emergency-like action for the Federal Reserve in the 2007-2008 global financial crisis and the 2020 response to the COVID-19 pandemic. Federal Reserve-initiated swap lines are designed to improve liquidity in dollar funding markets during tough economic conditions.

"To improve the swap lines’ effectiveness in providing U.S. dollar funding, the central banks currently offering U.S. dollar operations have agreed to increase the frequency of seven-day maturity operations from weekly to daily," the Fed said in a statement.

The swap line network will include the Bank of Canada, Bank of England, Bank of Japan, European Central Bank and the Swiss National Bank. It will start on March 20 and continue at least until April 30.

The move also comes amid a negative outlook for the U.S. banking system, with Silvergate Bank and Silicon Valley Bank (SVB) collapsing and the New York District of Financial Services (NYDFS) takeover of Signature Bank.

The Federal Reserve however made no direct reference to the recent banking crisis in its statement. Instead, it explained that they implemented the swap line agreement to strengthen the supply of credit to households and businesses:

“The network of swap lines among these central banks is a set of available standing facilities and serve as an important liquidity backstop to ease strains in global funding markets, thereby helping to mitigate the effects of such strains on the supply of credit to households and businesses.”

The latest announcement from the Fed has sparked a debate about whether the arrangement constitutes quantitative easing.

U.S. economist Danielle DiMartino Booth argued however that the arrangements are unrelated to quantitative easing or inflation and that it does not "loosen" financial conditions:

The Federal Reserve has been working to prevent an escalation of the banking crisis.

Related: Banking crisis: What does it mean for crypto?

Last week, the Federal Reserve set up a $25 billion funding program to ensure banks have sufficient liquidity to cover customer needs amid tough market conditions.

A recent analysis by several economists on the SVB collapse found that up to 186 U.S. banks are at risk of insolvency:

“Even if only half of uninsured depositors decide to withdraw, almost 190 banks are at a potential risk of impairment to insured depositors, with potentially $300 billion of insured deposits at risk.”

Cointelegraph reached out to the Federal Reserve for comment but did not receive an immediate response.

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MGM Shares Surprising Las Vegas Strip News

Two of the resort casino operator’s executives spoke at a recent event where they talked about Las Vegas’s covid comeback.

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March 18, 2023

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Two of the resort casino operator's executives spoke at a recent event where they talked about Las Vegas's covid comeback.

The Las Vegas Strip suffered during the covid pandemic when lights on the iconic 4.2-mile stretch of road literally went dark due to a government-mandated closure. Recovery, however, has been not exactly a straight line because the lingering impact of the pandemic has been a drag on some key business areas.

The two biggest players on the Strip -- Caesars Entertainment (CZR) - Get Free Report and MGM Resorts International (MGM) - Get Free Report -- have both had to make decisions without being able to use the past as a guide. In most years, for example, you could make a reasonable guess as to how many people might visit the city during a major convention based on how many attendees that show had the past year.

DON'T MISS: Las Vegas Strip Faces a New Post-Pandemic Reality

Covid, however, changed that equation. Some companies have realized that maybe they don't need to spend the money on exhibiting or attending shows while others may have employees reticent to be in crowded spaces.

In addition, some major events -- like CES in 2022 -- saw attendance plummet at the last minute due to a spike in covid numbers. Add in that international travelers and some more-vulnerable populations have continued to be wary of travel and it makes planning a challenge for Caesars and MGM.

All of this has led to low prices for tourists and business travelers -- especially those who booked far in advance. That has been slowly changing, especially for major non-business tourist events like March Madness, the NFL Draft, and November's Formula 1 race (a weekend where Caesars, MGM, and the other Strip operators may break pricing records).

Rising prices and a rebounding convention business don't mean the end of Las Vegas as a value destination for tourists, according to MGM COO Corey Sanders, who spoke at the recent J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum in Las Vegas. 

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MGM Expects a Convention Comeback (Just Not Yet)

Although Las Vegas has largely returned to normal after its covid disruptions, room rates at many Caesars and MGM properties remain below historic norms. That's at least partially because the convention business remained soft in 2022 and not having those huge blocks of rooms booked led to the casino operators generally keeping prices low.

That's expected to continue through 2023, according to Sanders, Casino.org reported.

"With regards to convention, in particular with MGM, we’re going to be down a little bit this year. Some of it is strategic. We have made a decision that on weekends, we’ll put less convention business in our buildings,” he shared.

Fewer rooms booked for conventions generally means lower rates across the Strip.

Sanders said he expected 2023 to be a "decent" year for MGM's Strip convention business, but he believes that 2024 and 2025 will be stronger.

MGM Sees the Value of an Affordable Las Vegas

A convention business bounceback, however, does not mean an end to affordable Las Vegas Strip hotel rooms, according to MGM Senior Vice President Sarah Rogers, who joined Sanders onstage. She made it clear that MGM understands that the Las Vegas Strip must maintain its status as an affordable vacation destination.

“We still offer a relative value. That gap has tightened a little bit,” said Rogers. “Some of those drivers that have allowed us to sustain that are things like continued programming, improved product, and the suite offering that we have. So we’re comfortable that we still offer relative value.”

Sanders also pointed out that "much of the increase in traffic at Harry Reid International Airport in Las Vegas is attributable to economy carriers, meaning the travel costs to get to the U.S. casino hub are, broadly speaking, tolerable for a broad swath of customers," Casino.org's Todd Shriber wrote. 

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The Growing Auto Loan Problem Facing Young Americans

The Growing Auto Loan Problem Facing Young Americans

Since the COVID-19 pandemic, Americans have taken on significantly more debt to buy vehicles….

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2 days ago

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March 18, 2023

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The Growing Auto Loan Problem Facing Young Americans

Since the COVID-19 pandemic, Americans have taken on significantly more debt to buy vehicles. This is especially true for Gen Z and Millennials, who the Federal Reserve believes may have borrowed beyond their means.

In this infographic, Visual Capitalist's Marcu Lu visualizes data from the Fed’s most recent consumer debt update.

Aggressive Borrowing

The first chart in this graphic shows the growth in outstanding car loans between Q2 2020 (start of the pandemic) to Q4 2022 (latest available).

We can see that Americans under the age of 40 have grown their vehicle-related debt the most. It’s natural for Gen Z (ages 11-26) to have higher growth figures because many of them are buying their first car, but 31% is quite high relatively speaking.

Part of this can be attributed to today’s inflationary environment, which has pushed used car prices to new highs. Supply chain issues have also resulted in over 30% of new cars being sold above MSRP.

Because of these rising prices, the Fed reports that the average auto loan is now $24,000, up 41% from 2019’s value of $17,000.

Spiking Delinquencies

Interest rates on auto loans are typically fixed, meaning many young Americans were able to take advantage of the low rates seen during the pandemic.

Despite this, one in five Gen Zs say that their car payments account for over 20% of their after-tax income.

Shown in the second chart of this infographic, the amount of auto debt transitioning into serious delinquency is much higher for Gen Z and Millennials. Throughout 2022, these generations saw $20 billion in auto debt fall 90+ days behind.

The outlook for these struggling borrowers is bleak. First there’s inflation, which has pushed up the prices of most consumer goods. This eats into their ability to make car payments.

Second is rising interest rates, which make credit card debt—another pain point for young borrowers—even more costly. Finally, there’s student loans, which are expected to resume in summer 2023. Payments on student debt have been suspended since the beginning of the COVID-19 pandemic.

Tyler Durden Sat, 03/18/2023 - 14:30

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