The Renesas IPS2200 is a magnet-free, inductive position sensor ICs that can be used for high-speed absolute position sensing in industrial, medical, and consumer applications. The IPS2200 uses the physical principle of eddy currents to detect the position of a simple metallic target that is moving above a set of coils, consisting of one transmitter coil and two receiver coils.

Position sensing based on an inductive principle, Interface: sin/cos single-ended or differential, Qualified for Industrial market, Temperature range: -40°C to 125°C ambient
Cost effective
Immune to magnetic stray fields
Suitable for harsh environments and extreme temperatures
Differential and single-ended sine and cosine outputs
Digital incremental outputs- 4 counts per period
Nonvolatile user-configurable memory, programmable via I2C or SPI interface