Sensors are very important organs of any measurement system. They collect data from the surroundings/ physical parameter and provide electrical signal as the input to the systems. Amongst wide variety of sensors operating on different sensing principles and used in different applications, position sensors play an important role in different systems. Whether it is fly-by-wire aircraft systems, drive-by-wire cars, bullet trains taking round curves, injection molding machines, packaging machines, medical equipments, and so on, position sensors finds their applications, of course in different ways.