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Magnetic Angle Sensor Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Magnetic Angle Sensor Market: By Type (Hall Effect Sensors, Magnetoresistive Sensors, Anisotropic Magnetoresistive Sensors (AMR), and Others); Range (<1 microgauss, 1 microgauss-10 gauss, and >10 gauss); Application (Speed Sensing, Proximity Detection/ NDT, Position Sensing, and Others); End Users (Transportation, Consumer Electronics, Healthcare, and Others); and Region—Industry Dynamics, Market Size and Opportunity Forecast Until 2031

  • Published Date: 17-Apr-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0222145
    Delivery: 2 to 4 Hours
Magnetic Angle Sensor Market

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Report AttributeDetails
Market Size Value in 2022US$ 890.5 Mn
Expected Revenue in 2031US$ 1616.1 Mn 
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Mn)
Segments coveredBy Type, By Range, By Application, By End-User, By Region
Key Companies                                                                                            Allegro MicroSystems, Alps Alpine, AMS AG, Crocus Technology, Mouser Electronics , Honeywell International, Infineon Technologies AG, Littelfuse Inc., MultiDimension Technology(MDT), Melexis, NVE Corporation, Renesas Electronics Corporation, Robert Bosch GmbH, Sensitec GmbH, TDK Corporation, Texas Instruments Incorporated, Sensor Solutions , Other Prominent Players
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Global Magnetic Angle Sensor Market is projected to grow at a CAGR of 6.8% during the forecast period 2023-2031. 

Magnetic angle sensor is a mechatronic device that measures and converts mechanical rotation into a scaled electrical signal. The signal can be used in a motion control system to enable angular movement and positioning of a moving machine component.

Increasing demand for magnetic angle sensors in various end-use applications and growing demand from automation and robotics industry are some crucial growth factors of the global magnetic angle sensor market.

Tunnel Magnetoresistive Sensors (TMR) segment is growing at the highest CAGR in the global magnetic angle sensor market during the forecast period.

Position Sensing segment has the highest share in the magnetic angle sensor market.

The market has been classified into North America, Europe, Asia Pacific, Middle East & Africa (MEA) and South America. 

Asia-Pacificis growing with the highest CAGR during the forecast period. 

Magnetic Sensors are used in different systems because they are highly efficient, highly accurate, reliable, robust and simple in design.

Availability of various substitutes to magnetic angle sensor market curbs the market growth in the forecast period.

China holds the major share in terms of revenue in the Asia Pacific magnetic angle sensor market.

Based on range, >10 gauss segment contributed the major share in the South America magnetic angle sensor market.

Allegro Microsystems, Honeywell International, Infineon Technologies AG, Alps Alpine, Melexis, Mouser Electronics, Renesas Electronics Corporation, Texas Instruments Inc. and Robert Bosch GmbH among others are some major key players in the global magnetic angle sensor market.