PUBLISHER: SkyQuest | PRODUCT CODE: 1630797
PUBLISHER: SkyQuest | PRODUCT CODE: 1630797
Global Angle Sensor Market size was valued at USD 989.0 million in 2023 and is poised to grow from USD 1068.12 million in 2024 to USD 1977.02 million by 2032, growing at a CAGR of 8.0% during the forecast period (2025-2032).
The angle sensors market is experiencing significant growth due to rising demand for dual angle sensors, cost-effective options, and programming kits within research and testing applications. This trend is further propelled by automotive and consumer sectors. Additionally, the automation and robotics industries are rapidly advancing, enhancing the need for these sensors. Stakeholder preferences for sustainable and energy-efficient solutions are influencing market dynamics, particularly among end users. A notable example is Good Fellow's expansion of its Green Production project in February 2021, which promotes the use of eco-friendly products and energy conservation practices, aligning with the industry's shift toward sustainability. This growing awareness supports the upward trajectory of the angle sensors market as it adapts to evolving consumer needs.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Angle Sensor market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Angle Sensor Market Segmental Analysis
Global Angle Sensor Market is segmented by Type, Application and region. Based on Type, the market is segmented into Economic Angle Sensors, Dual Angle Sensor, Programmer Kits & Boards and Others. Based on Application, the market is segmented into Automotive, Machinery, Vehicle Testing, Lift Systems and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Angle Sensor Market
The Global Angle Sensor market is experiencing significant growth, largely driven by the increasing demand from the robotics and automotive sectors. Magnetic angle sensors, particularly position sensor integrated circuits (ICs), are becoming essential for providing precise angle measurements in robotic joints. Their ability to facilitate advanced human-like joint mobility and fine motor control in autonomous robots is pivotal to future developments in this field. Compared to traditional rotational measurement methods, magnetic angle sensors are favored due to their cost-effectiveness and energy efficiency, alongside a high refresh rate that meets end-user expectations. Consequently, the automation and robotics industries are propelling the expansion of the angle sensor market.
Restraints in the Global Angle Sensor Market
The global angle sensor market faces several significant restraints, primarily stemming from the high operational costs associated with manufacturing. Companies in this sector are challenged to enhance their production capabilities, ensure superior product quality, and lower overall costs. As a result, escalating operating expenses emerge as a critical hindrance to market growth. Furthermore, manufacturers across various regions and sectors are channeling substantial investments into upgrading their manufacturing infrastructure, particularly through the adoption of fully automated machinery. This, in turn, drives the increasing demand for position sensors, further complicating the operational landscape for angle sensor producers.
Market Trends of the Global Angle Sensor Market
The Global Angle Sensor market is poised for significant growth as the automobile industry increasingly prioritizes technological advancements, particularly in electrification and autonomous driving systems. This shift is driving the demand for steering angle sensors, which are crucial for enhancing vehicle safety, stability, and performance. Manufacturers are progressively integrating these sensors into their vehicle designs, recognizing their importance in modern automotive applications. Additionally, the rising focus on smart vehicles and advancements in sensor technology are expected to further propel market expansion. As a result, the Global Angle Sensor market is entering a dynamic phase characterized by innovation and increased adoption across the automotive sector.