Connect with us

Technology

Motor & Motor-Drive Sensors Market worth $5.47 billion by 2035 – Exclusive Report by MarketsandMarkets™

Published

8 hours ago

on

DELRAY BEACH, Fla., Oct. 23, 2026 /PRNewswire/ — According to MarketsandMarkets™, the Motor & Motor-Drive Sensors Market is projected to be valued at USD 3.21 billion in 2026 and USD 5.47 billion by 2035, exhibiting a CAGR of 6.1% during the forecast period.

Browse 150 market data Tables and 60 Figures spread through 280 Pages and in-depth TOC on ” Motor & Motor-Drive Sensors Market – Global Forecast to 2035″

Motor & Motor-Drive Sensors Market Size & Forecast:

Market Size Available for Years: 2021–20352026 Market Size: USD 3.21 billion2035 Projected Market Size: USD 5.47 billionCAGR (2026–2035): 6.1%

Motor & Motor-Drive Sensors Market Trends & Insights:

The motor and motor-drive sensors market is witnessing steady growth, driven by increasing industrial automation, rising demand for energy-efficient motor systems, and accelerating electrification across automotive and industrial applications. The growing emphasis on reducing energy consumption and improving equipment productivity is driving adoption of advanced motor-control and monitoring solutions. In addition, the increasing use of predictive maintenance and real-time equipment monitoring is creating greater demand for sensing capabilities across motor-driven assets. Rising investments in smart manufacturing, electric mobility, and automated equipment are further supporting the expansion of the market.By Region, Asia Pacific is expected to register the highest CAGR of 7.7% during the forecast period.By type, Position sensors are expected to hold the largest share of 28.6% of the overall market in 2025.BY Industry, Industrial automation is expected to hold the largest market share of 32.3% in 2025, driven by the widespread deployment of motors, servo systems, variable-speed drives, robotics, and automated machinery requiring precise sensing for motion control, efficiency optimization, and equipment monitoring.By Sensing Type, Non-contact sensors are expected to capture the largest market share and register the highest CAGR of 6.8% during the forecast period.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=23549197

The motor and motor-drive sensors industry is expected to grow as motor-driven equipment increasingly shifts toward electrified, automated, and digitally controlled architectures. The expansion of variable-speed drives, servo systems, electric vehicles, and high-efficiency motors is increasing the need for real-time sensing to optimize motor performance and energy consumption. At the same time, the growing adoption of condition monitoring and predictive maintenance is expanding sensor use beyond basic control and protection toward continuous equipment health monitoring. Increasing integration of sensing with motor-control electronics is further supporting demand for compact, reliable, and application-specific sensor solutions. 

Current sensors segment projected to record highest CAGR during forecast period

The current sensors segment is expected to record the highest CAGR during the forecast period, supported by its role in motor control, protection, and energy management. Variable-frequency drives, inverter-based systems, electric vehicles, servo motors, and industrial automation equipment require current feedback to control motor operation and detect overload or fault conditions. Demand is also supported by the shift toward high-efficiency motor systems, where accurate current measurement helps optimize power consumption and motor performance. The growing use of closed-loop control in industrial and automotive applications is creating further demand for compact and high-accuracy current sensors.

Magnetic sensing technologies segment accounted for largest share of the motor & motor-drive sensors market in 2026

Magnetic sensing technologies are expected to dominate the overall market, owing to their wide use in current, position, and speed sensing applications. Hall-effect and other magnetic sensors provide non-contact measurement and can operate reliably in compact motor assemblies exposed to vibration, temperature variations, and electromagnetic conditions. These technologies are widely suited to BLDC and PMSM motors, industrial drives, electric vehicles, robotics, and servo systems. Their established use across multiple motor architectures, combined with the growing adoption of electronically controlled motors, supports the growing adoption of magnetic sensing technologies in the market.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=23549197

Asia Pacific to account for largest share of motor & motor-drive sensors market during forecast period

Asia Pacific is estimated to account for the largest share of the motor and motor-drive sensors market during the forecast period. The region benefits from a strong manufacturing base for motors, automotive systems, industrial equipment, electronics, and robotics, creating a broad application base for current, position, speed, temperature, and torque sensors. China, Japan, South Korea, and India are investing in factory automation, electric mobility, robotics, and energy-efficient equipment, supporting demand for sensor-enabled motor and drive systems. The presence of major motor, semiconductor, and sensor manufacturers across the region further supports the market growth.

Investment and funding in the Asia Pacific motor and motor-drive sensor ecosystem are being directed toward precision sensing for robotics, industrial automation, and electric mobility. In August 2026, Wuxi Gongwang Sensing Technology, a China-based developer of inductive sensors and encoders, raised approximately USD 15 million (RMB 100 million) in Series A funding, led by NIO Capital, with participation from Xiamen Tungsten Industry Fund, Sungrow Industrial Fund, Jiayi Venture Capital, Zeran Capital, and Dawu Venture Capital. The funding will be used to accelerate the large-scale deployment of inductive encoders in robotics and high-precision manufacturing.

Mergers and acquisitions are also contributing to the expansion of sensing portfolios in the region, particularly across magnetic sensing and motion-control applications. In January 2026, Maxic Technology, a China-based analog and mixed-signal semiconductor company, completed its acquisition of Shanghai GoChip Microelectronics, a magnetic sensor company. The acquisition expanded Maxic’s portfolio to include Hall switches, linear Hall sensors, joint-position magnetic encoders, and current sensors, with applications spanning electric vehicles, industrial automation, energy storage, and robotics.

Key Players

Key companies operating in the motor & motor-drive sensors companies include TDK Corporation (Japan), TE Connectivity (Ireland), Infineon Technologies AG (Germany), Texas Instruments Incorporated (US), Allegro MicroSystems, Inc. (US), Melexis (Belgium), LEM Sensors (Switzerland), maxon (Switzerland), Robert Bosch GmbH (Germany),  Nidec Corporation (Japan), TAMAGAWA SEIKI CO., LTD. (Japan), Asahi Kasei Microdevices Corporation (Japan), ABB (Switzerland), Mitsubishi Electric Corporation (Japan), and Schneider Electric (France), among others. These companies provide current, position, speed, temperature, torque, and other sensing solutions for motor control, drive systems, motion control, industrial automation, automotive, robotics, and electrification applications.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=23549197

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

See More Latest Semiconductor Reports:

Position Sensor Market Size, Share and Trends by Type (Linear, Rotary, Proximity, Photoelectric, 3D Sensor), Signal ( Digital, Analog), Technology (Capacitive, Inductive, Optical, Magnetic, Ultrasonic) – Global Forecast to 2032

Current Sensor Market by Current Sensing Method, Loop Type, Offering, Technology, Mounting Type, Measurement Range, Output Type, Application, & Region – Global Forecast to 2032

About MarketsandMarkets™  

MarketsandMarkets™ has been recognized as one of America’s Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

MarketsandMarkets™ SalesPlay is an AI-driven Revenue Intelligence Co-Pilot designed to help revenue teams prioritize the right accounts, identify critical changes early, and surface opportunities ahead of demand, so pipeline builds naturally and deals close with greater consistency.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/motor-motor-drive-sensors-companies.asp 
Content Source: https://www.marketsandmarkets.com/PressReleases/motor-motor-drive-sensors.asp 

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/motor–motor-drive-sensors-market-worth-5-47-billion-by-2035—exclusive-report-by-marketsandmarkets-302917992.html

Related Topics:
Continue Reading

Technology

Chelsea FC announces multi-year sleeve partnership with Sokin, the business payments and FX platform

Published

51 minutes ago

on

October 23, 2026

By

Chelsea FC name fast-growing fintech platform as Principal Partner

LONDON, Oct. 23, 2026 /PRNewswire/ — Chelsea Football Club has today announced a multi-year partnership with Sokin, the embedded finance and payments company used by businesses worldwide. Sokin will be named a Principal Partner and Official Business Payments and FX Partner of Chelsea FC and Chelsea FC Women.

As a Principal Partner, Sokin will be represented on the sleeves of the Chelsea FC men’s, women’s and academy home, away, and third kits from the 2026/27 season.

The partnership brings together two ambitious London-headquartered organisations with worldwide reach – a club with millions of fans across the world and a fintech platform through which businesses move more than $11 billion a year. A club of Chelsea’s scale works in many currencies every day, with partners, competitions and supporters around the world, and needs a financial partner built to handle that.

Sokin gives finance teams business payments, multi-currency accounts, foreign exchange, checkout and treasury in one place, so they spend less time juggling banks and providers and keep more of what they move.

As Official Business Payments and FX Partner, Sokin will simplify how Chelsea FC sends, receives and manages money in the currencies the club operates in.

The Sokin logo will feature on the sleeve of the Chelsea shirt for the first time [when the men’s team host Tottenham Hotspur at Stamford Bridge on Saturday 24th October.]

Jason Gannon, President at Chelsea FC said:

“At Chelsea, we seek to partner with organisations that share our ambition and innovative mindset. Sokin’s expertise in business payments, and their focus on making both simpler for the businesses they serve, makes them a natural fit for the Club. We are pleased to welcome Sokin to the Chelsea family and look forward to working together in the years ahead.”

Vroon Modgill, CEO and founder at Sokin said:

“Chelsea plays on the biggest stage in world football, and its business runs in dozens of currencies. Sokin was built for that with regulated, multi-currency payments and foreign exchange for organisations that operate internationally. We’re proud to be the platform behind the business payments and FX of one of the most iconic teams in football. Sokin’s platform serves businesses in more than 170 countries. We’re thrilled to be partners for the season ahead. An organisation as sophisticated as Chelsea doesn’t leave its finances to chance.”

About Sokin

Sokin is the financial layer global business runs on. Businesses can transact, convert and hold money in 70+ currencies across 170+ countries. Some businesses use Sokin to manage global finance in-house. Others build it into their products to power financial experiences for their customers. Businesses move more than $9 billion a year on licenses Sokin holds in 36+ countries and infrastructure Sokin owns. Founded in 2019, Sokin has raised over $100 million from investors including Morgan Stanley Expansion Capital and Prysm Capital.

About Chelsea Football Club

Chelsea Football Club is one of the biggest, most successful football clubs globally and our men’s team are reigning world champions, having won the four-yearly FIFA Club World Cup in 2025. Our women’s team, Chelsea Women, are also multiple trophy winners.

Founded in 1905, Chelsea is London’s most central football club, based at the iconic 40,000-capacity Stamford Bridge stadium. Nicknamed the Blues, the club lifted the Champions League for the first time in 2012 and domestically has won the Premier League five times, the FA Cup eight times, the Football League Cup five times and the Football League Championship once, in 1955.

The Chelsea Women’s team have enjoyed a huge amount of success and in 2025 won the FA Women’s Super League for a sixth consecutive year and the eighth time overall. The Women’s FA Cup has been won on six occasions. We have also captured the FA Women’s League Cup four times as well as reaching the UEFA Women’s Champions League final in 2021. In two seasons, 2020/21 and 2024/25, a domestic treble of trophies was secured.

The Chelsea Foundation boasts one of the most extensive community initiatives in sport, helping to improve the lives of children and young people all over the world.

Media Contacts:

Taina Biggs
taina.biggs@sokin.com 

Nerissa Chesterfield
nerissa.chesterfield@chelseafc.com 

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/chelsea-fc-announces-multi-year-sleeve-partnership-with-sokin-the-business-payments-and-fx-platform-302918466.html

Continue Reading

Technology

Amy Johnson Appointed President of GDIT

Published

51 minutes ago

on

October 23, 2026

By

RESTON, Va., Oct. 23, 2026 /PRNewswire/ — General Dynamics (NYSE:GD) announced today that Amy Johnson has been appointed as president of GDIT, effective November 3.

Johnson is a 27-year veteran of General Dynamics Mission Systems, where she held increasingly senior roles in engineering, engineering management and business leadership across cybersecurity, defense electronics, space and intelligence systems, most recently as vice president and general manager for Space, Cyber and Intelligence. She earned bachelor’s and master’s degrees in computer science and computer systems engineering. 

“Amy has a proven track record of leading teams to solve complex and highly technical challenges for our customers,” said Phebe Novakovic, CEO of General Dynamics. “I am confident that her dynamic leadership, operational rigor and deep commitment to our values and culture will deliver value to our customers, employees and shareholders.”

GDIT delivers digital modernization, cloud computing, artificial intelligence, cybersecurity and software development solutions to the U.S. federal government, defense, intelligence agencies and other customers. It is a business unit of General Dynamics, a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 120,000 people worldwide and generated $52.6 billion in revenue in 2025. More information is available at gd.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/amy-johnson-appointed-president-of-gdit-302918411.html

SOURCE General Dynamics

Continue Reading

Technology

Yazan Al Homsi Invests US$500,000 in Toronto Drone Maker Arcanus Aerial Systems

Published

51 minutes ago

on

October 23, 2026

By

Private investment comes as Arcanus builds out Canadian manufacturing capacity for autonomous aerial systems

DUBAI, UAE, Oct. 23, 2026 /PRNewswire/ — Yazan Al Homsi, a UAE-based investor and managing partner of Catalyst Communications DMCC, has invested US$500,000 in Arcanus Aerial Systems Inc., a Toronto-headquartered developer and manufacturer of unmanned aerial systems for defence, public safety and critical infrastructure customers. Al Homsi is an investor only and holds no operational, advisory or board role with the company. Other terms were not disclosed.

Arcanus is a Canadian-controlled company. It currently lists more than 15 platforms across heavy-lift, intelligence, surveillance and reconnaissance (ISR), cargo, strike and counter-drone missions. According to the company, its published line-up includes:

AB 516e: a long-endurance vertical take-off fixed-wing aircraft rated for three hours of flight.AE 401: a counter-drone interceptor with a top speed of 300 km/h.AC 5250: a cargo platform with a 250 kg payload and a range of more than 2,300 km.

Alongside defence, Arcanus markets its systems for wildfire detection, search and rescue, Arctic sovereignty, border and maritime patrol, and pipeline and power line monitoring.

The company has spent 2026 assembling its domestic production base. In April, Arcanus signed a binding term sheet with Portugal-based Beyond Vision, granting it rights to manufacture, commercialize and support Beyond Vision’s unmanned aerial systems in Canada.

In June, Arcanus announced a five-year agreement appointing FeralX Systems Inc. as a non-exclusive Canadian contract manufacturer for several of its platforms.

“Canada has the engineering talent to build these systems at home, and recent years have shown how much depends on having that capacity domestically,” said Yazan Al Homsi. “What stood out to me about Arcanus was the manufacturing groundwork already in place: licensing, a production partner, and a range of aircraft that serves wildfire crews and search-and-rescue teams alongside defence customers.”

About Yazan Al Homsi

Yazan Al Homsi is a UAE-based investor and managing partner of Catalyst Communications DMCC, which he founded in Dubai in 2018. He was previously based in Vancouver, where he founded Founders Round Capital in 2017 and built a track record of investments in early-stage and small-cap companies. He earned a finance degree from McGill University in 2004 and holds the Chartered Financial Analyst designation. Before turning to investing, he spent more than a decade with PricewaterhouseCoopers in the Middle East, rising to director and focusing on transaction due diligence and valuation.

Media Contact
Catalyst Communications DMCC
catalyst-wire@protonmail.com

View original content:https://www.prnewswire.com/news-releases/yazan-al-homsi-invests-us500-000-in-toronto-drone-maker-arcanus-aerial-systems-302918414.html

SOURCE Yazan Al Homsi

Continue Reading

Trending