Market of Optical Position Sensors is expected to grow due to ongoing technological innovation which is leading to the development of smaller and efficient chipsets and modules with added functions. The Global Market for optical position sensors, which in 2012 stood at US$1 bn, is expected to reach US$2.2 bn by the end of 2023. If the figures hold true, the market will exhibit a CAGR of 6.6% between 2013 and 2023.
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