The global magnetic angle sensor market held a market value of USD 798.9 million in 2021 and is estimated to reach USD 1,242.2 million by the year 2030. The market is anticipated to register a CAGR of 6.8% during the forecast period. The market volume in 2021 was estimated to be 607.76 million units.

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Magnetic angle sensors are being used extensively in several verticals, such as transportation, aerospace, healthcare, consumer electronics, among others. These sensors aid in proximity detection, position sensing, flow rate sensing, and speed sensing, among others. The high rise of such application is bolstering the growth rate of the market. Moreover, the automation and robotics industry are growing at a tremendous rate in the recent years. The inclination of stakeholders, including end users, towards sustainable and energy-efficient measures is indirectly driving the demand for the magnetic angle sensors. For instance, In February 2021, Good fellow, expanded their Green Production initiative, which promotes the use of environmentally safe products and processes that conserve energy and natural resources.

On the other hand, the high availability of substitutes curbs the market growth to a certain extent. In addition to that, the limited product offerings of players are also hindering the growth of the magnetic angle sensor market.

Growing Demand for Magnetic Angle Sensors in Various End-Use Applications Magnetic angle sensors are highly standardized and specialized for use in industrial, automotive, and consumer electronics field. These sensors can substitute mechanical switches, knobs, and buttons in smart homes as well as consumer electronic devices, including washing machines, refrigerators, and toys. Such sensors can enhance the functioning of electronic equipment, making it less susceptible to failure by friction and wear and tear, which is why it is more durable and reliable in comparison to mechanical products with analogous functions. Moreover, the space and weight advantages of these sensors saves material and transportation costs from the factory to consumers, making it more preferred among appliance manufactures.

Growing Demand from Automation and Robotics Industry The magnetic angle sensors, especially, position sensor ICs, are a perfect solution to offer precision angle measurements in the robot joints. These sensors play a prominent role in facilitating the next generation of autonomous robots to possess fine joint motor control and similar human-like limb movement. The factor that increases the preference rate of magnetic angle sensor, in comparison to the conventional rotational measurement techniques, is the fact that it is low power and low-cost alternative. It also offers a high-speed refresh rate, that is sought by many end users. Thus, the increasing demand from automation and robotics industry pushes the market growth of the magnetic angle sensors market.

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The global magnetic angle sensor market is segmented into type, range, application, and end user.

By Type • Hall Effect Sensors • Magnetoresistive Sensors o Anisotropic Magnetoresistive Sensors (AMR) o Giant Magnetoresistive Sensors (GMR) o Tunnel Magnetoresistive Sensors • Others The hall effect sensors segment is held the largest market share during the base year of around 46% owing to its growing adoption. On the basis of magnetoresistive sensors, the tunnel magnetoresistive sensors market volume is projected to cross 12 million unit by 2027.

By Range • <1 microgauss • 1 microgauss-10 gauss • >10 gauss The >10 gauss segment held the largest share of more than 43%. This segment is estimated to grow steadily due to its use in strong field sources in different applications in the electronic field.

By Applications • Speed Sensing • Proximity Detection/NDT • Position Sensing • Navigation and Electronic compass • Flow rate Sensing • Others The position sensing segment is anticipated to grow at the largest share of about 30% owing to the rising applications in testing rotary motions. The speed sensing segment is anticipated to grow at the fastest rate of 7.4% due to the rising use of these in speedometers and pitometers.

By End User, • Transportation • Consumer Electronics • Healthcare • Aerospace & Defense • Industrial • BFSI • Others The aerospace and defense segment is projected to be the fastest growing with a rate of 8.1% owing to the high demand for magnetic angle sensors in this field. Moreover, the banking, financial services, and insurance (BFSI) segment volume is expected to cross 37 million units by 2027.

By region, the global magnetic angle sensor market is divided into Europe, North America, Asia Pacific, Middle East & Africa, and South America. The Asia Pacific region is expected to hold the largest market share of around 34% owing to the increasing automation industry in Asian countries. Moreover, Asia Pacific is one of the largest smartphone manufacturers across the globe, which contributes significantly to the market growth. The North American market for magnetic angle sensors is anticipated to grow at the rate of 6.4% owing to the rising awareness regarding magnetic angle sensors and its widespread applications. Furthermore, increasing demand for consumer electronics is driving the growth in European region. The Latin American and Middle East and African market is also projected to grow at a considerable rate over the forecast period.

Key players operating in the global magnetic angle sensor market include 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, and Sensor Solutions, among others.

Major 6 players in the market hold approximately 50% of the market share. These market players are investing in collaborations, mergers & acquisitions, and expansions to create a competitive edge in the market. For instance, in November 2019, Allegro MicroSystems launched ATS17051. It a gear tooth sensor ICs which is designed to offer incremental position for electric vehicle traction motors which operate up to 30 thousand RPM.

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Chapter 1. Research Framework 1.1. Objective 1.2. Product Overview 1.2.1. Market Segmentation 1.2.2. Market & Segment Definitions 1.3. Research Methodology 1.3.1. List of Primary & Secondary Sources 1.3.2. Market Size Estimation 1.3.2.1. Assumption for the Study 1.3.2.2. Data Triangulation

Chapter 2. Executive Summary: Global Magnetic Angle Sensor Market

Chapter 3. Global Magnetic Angle Sensor Market Overview 3.1. Industry Value Chain Analysis 3.1.1. Raw Material Provider 3.1.2. Manufacturer 3.1.3. Distributor 3.1.4. End Users 3.2. Industry Outlook 3.3. PESTLE Analysis 3.4. Porter’s Five Forces Analysis 3.4.1. Bargaining Power of Suppliers 3.4.2. Bargaining Power of Buyers 3.4.3. Threat of Substitutes 3.4.4. Threat of New Entrants 3.4.5. Degree of Competition 3.5. Market Dynamics and Trends 3.5.1. Key Trends 3.5.2. Growth Drivers 3.5.3. Restraints/ Challenges 3.6. Market Growth and Outlook 3.6.1. Market Revenue Estimates and Forecast (US$ Mn), 2017-2027 3.6.2. Market Volume Estimates and Forecast (Mn Units), 2017-2027 3.6.3. Pricing Analysis 3.7. Covid-19 Impact Assessment on Market Growth Trend 3.7.1. Growth Trend Shift Analysis 3.7.2. Industry Best Practices

Chapter 4. Competition Dashboard 4.1. Market Concentration Rate 4.2. Company Market Share Analysis (Value %), 2020 4.3. Competitor Mapping

Chapter 5. Magnetic Angle Sensor Market Analysis- By Type 5.1. Key Insights 5.2. Market Size and Forecast, 2017 – 2027 (US$ Mn and Mn Units) 5.2.1. Hall Effect Sensors 5.2.2. Magnetoresistive Sensors 5.2.2.1. Anisotropic Magnetoresistive Sensors (AMR) 5.2.2.2. Giant Magnetoresistive Sensors (GMR) 5.2.2.3. Tunnel Magnetoresistive Sensors (TMR) 5.2.3. Others

Chapter 6. Magnetic Angle Sensor Market Analysis, By Range 6.1. Key Insights 6.2. Market Size and Forecast, 2017 – 2027 (US$ Mn and Mn Units) 6.2.1. <1 microgauss 6.2.2. 1 microgauss-10 gauss 6.2.3. >10 gauss

Chapter 7. Magnetic Angle Sensor Market Analysis, By Application 7.1. Key Insights 7.2. Market Size and Forecast, 2017 – 2027 (US$ Mn and Mn Units) 7.2.1. Speed Sensing 7.2.2. Proximity Detection/NDT 7.2.3. Position Sensing 7.2.4. Navigation and Electronic compass 7.2.5. Flow rate Sensing 7.2.6. Others

Chapter 8. Magnetic Angle Sensor Market Analysis, By End User 8.1. Key Insights 8.2. Market Size and Forecast, 2017 – 2027 (US$ Mn and Mn Units) 8.2.1. Transportation 8.2.2. Consumer Electronics 8.2.3. Healthcare 8.2.4. Aerospace & Defense 8.2.5. Industrial 8.2.6. BFSI 8.2.7. Others

Chapter 9. Magnetic Angle Sensor Market Analysis, By Region 9.1. Key Insights 9.2. Market Size and Forecast, 2017 – 2027 (US$ Mn and Mn Units) 9.2.1. North America 9.2.1.1. The U.S. 9.2.1.2. Canada 9.2.1.3. Mexico 9.2.2. Europe 9.2.2.1. Western Europe 9.2.2.1.1. The UK 9.2.2.1.2. Germany 9.2.2.1.3. France 9.2.2.1.4. Italy 9.2.2.1.5. Spain 9.2.2.1.6. Rest of Western Europe 9.2.2.2. Eastern Europe 9.2.2.2.1. Poland 9.2.2.2.2. Russia 9.2.2.2.3. Rest of Eastern Europe 9.2.3. Asia Pacific 9.2.3.1. China 9.2.3.2. India 9.2.3.3. Japan 9.2.3.4. Australia & New Zealand 9.2.3.5. ASEAN 9.2.3.6. Rest of Asia Pacific 9.2.4. Middle East & Africa 9.2.4.1. UAE 9.2.4.2. Saudi Arabia 9.2.4.3. South Africa 9.2.4.4. Rest of MEA 9.2.5. South America 9.2.5.1. Argentina 9.2.5.2. Brazil 9.2.5.3. Rest of South America

Chapter 10. North America Magnetic Angle Sensor Market Analysis 10.1. Key Insights 10.2. Market Size and Forecast, 2017 – 2027 (US$ Mn and Mn Units) 10.2.1. By Type 10.2.2. By Range 10.2.3. By Application 10.2.4. By End User 10.2.5. By Country

Chapter 11. Europe Magnetic Angle Sensor Market Analysis 11.1. Key Insights 11.2. Market Size and Forecast, 2017 – 2027 (US$ Mn and Mn Units) 11.2.1. By Type 11.2.2. By Range 11.2.3. By Application 11.2.4. By End User 11.2.5. By Country

Chapter 12. Asia Pacific Magnetic Angle Sensor Market Analysis 12.1. Key Insights 12.2. Market Size and Forecast, 2017 – 2027 (US$ Mn and Mn Units) 12.2.1. By Type 12.2.2. By Range 12.2.3. By Application 12.2.4. By End User 12.2.5. By Country

Chapter 13. Middle East & Africa Magnetic Angle Sensor Market Analysis 13.1. Key Insights 13.2. Market Size and Forecast, 2017 – 2027 (US$ Mn and Mn Units) 13.2.1. By Type 13.2.2. By Range 13.2.3. By Application 13.2.4. By End User 13.2.5. By Country

Chapter 14. South America Magnetic Angle Sensor Market Analysis 14.1. Key Insights 14.2. Market Size and Forecast, 2017 – 2027 (US$ Mn and Mn Units) 14.2.1. By Type 14.2.2. By Range 14.2.3. By Application 14.2.4. By End User 14.2.5. By Country

Chapter 15. Company Profile 15.1. Allegro MicroSystems 15.2. Alps Alpine 15.3. AMS AG 15.4. Crocus Technology 15.5. Mouser Electronics 15.6. Honeywell International 15.7. Infineon Technologies AG 15.8. Littelfuse Inc. 15.9. MultiDimension Technology(MDT) 15.10. Melexis 15.11. NVE Corporation 15.12. Renesas Electronics Corporation 15.13. Robert Bosch GmbH 15.14. Sensitec GmbH 15.15. TDK Corporation 15.16. Texas Instruments Incorporated 15.17. Sensor Solutions

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