Magnetic Angular Position Sensors Market Revenue was valued at USD 1.2 Billion in 2024 and is estimated to reach USD 2.5 Billion by 2033, growing at a CAGR of 9.1% from 2026 to 2033.
The global Magnetic Angular Position Sensors Market was valued at approximately USD 3.4 billion in 2022 and is projected to expand at a Compound Annual Growth Rate (CAGR) of 8.5% from 2023 to 2030. The increasing demand for accurate and efficient position sensing in automotive, industrial, and consumer electronics applications is driving market growth. Additionally, advancements in sensor technologies, such as the development of contactless position sensors, have further contributed to the expansion of the market. The growing adoption of electric vehicles (EVs) and automation in various industries is also creating new opportunities for the market to flourish. The automotive sector remains one of the largest consumers of magnetic angular position sensors, contributing a significant share of the market revenue in 2022.
Regionally, North America held the largest market share in 2022, accounting for over 35% of the global revenue, driven by the demand for magnetic angular position sensors in the automotive, aerospace, and industrial sectors. The Asia Pacific region is expected to witness the highest growth during the forecast period, with a CAGR of 9.1%. This growth is attributed to rapid industrialization, increased production of electric vehicles, and the expanding manufacturing base in countries like China, Japan, and India. Europe is also a significant contributor to the market, with strong demand from the automotive and industrial automation sectors. The regional dynamics are expected to evolve as emerging economies continue to embrace advanced sensor technologies in various applications.
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Infineon
Texas Instruments
ams
Honeywell
Analog Devices
Inc
NXP
Allegro MicroSystems
Automation Sensorik Messtechnik
Amphenol
HELLA (FORVIA)
TE Con​​nectivity
Monolithic Power Systems
Celduc
Asahi Kasei Microdevices
Bourns
Xi'an Zhongke Alpha Electronic Technology
Shenzhen Milang Technology
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Magnetic Angular Position Sensors Market
Rotary Magnetic Position Sensors
Linear Magnetic Position Sensors
Two-Dimensional Magnetic Position Sensors
Integrated Circuit Magnetic Sensors
Hall Effect Sensors
Magnetoresistive Sensors
Magnetic Inductive Sensors
Fluxgate Sensors
Automotive
Industrial Automation
Consumer Electronics
Aerospace & Defense
Medical Devices
Analog Output Sensors
Digital Output Sensors
PWM Output Sensors
Automotive Industry
Manufacturing & Heavy Industries
Telecommunications
Robotics
Healthcare Sector
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Magnetic Angular Position Sensors Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Magnetic Angular Position Sensors Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Magnetic Angular Position Sensors Market, By Type
6. Global Magnetic Angular Position Sensors Market, By Application
7. Global Magnetic Angular Position Sensors Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Magnetic Angular Position Sensors Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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