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Industrial automation today is an essential technology underlying our modern society. Advanced positioning and sensor feedback tasks in automation processes often require distance displacement detection, e.g., to measure and track the movement of robots. Furthermore, the detection of mechanical stress in complex industrial machinery through an accurate vibration analysis is often a task of major interest. Therefore, high-resolution distance measurements with short- and long-range positioning are important for a large number of sensing applications and can also be used as a precondition for vibrometer applications. Several automation technologies rely on high precision positioning sensors to track linear as well as rotational movements of various machinery.