Magnetic Angular Position Sensors Market 2025-2031

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Magnetic Angular Position Sensors Market 2025-2031

Global Magnetic Angular Position Sensors market was valued at US$ 1.9 billion in 2024 and is projected to reach US$ 2.7 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period (2024-2032).

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Magnetic Angular Position Sensors Market Analysis

The global Magnetic Angular Position Sensors market was valued at US$ 1.9 billion in 2024 and is projected to reach US$ 2.7 billion by 2032, growing at a CAGR of 4.5% during the forecast period (2024-2032). The increasing adoption of these sensors in automotive, industrial automation, aerospace, and consumer electronics is driving market growth.

Magnetic Angular Position Sensors Market Overview

Magnetic Angular Position Sensors detect the angular position of rotating components using magnetic field-based measurement techniques. These sensors provide precise, non-contact, and reliable positioning information, making them essential in automotive systems, industrial machinery, medical devices, and aerospace applications.

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Magnetic Angular Position Sensors Key Market Trends

• Automotive Industry Expansion – The growing use of electronic power steering, throttle control, and transmission position sensing is increasing demand for Magnetic Angular Position Sensors.

• Electric and Hybrid Vehicles – These vehicles require precise positioning for electric motor control, pedal sensing, and steering angle measurement.

• Industrial Automation – Used for robotic arms, conveyor systems, and machinery control to ensure accuracy and efficiency.

• Renewable Energy Integration – Wind turbines and solar tracking systems rely on these sensors for optimized energy capture.

• Advancements in Miniaturization – The trend of developing smaller, more integrated sensors is enabling their adoption in compact devices.

Total Market by Segment

By Type

• Sensing Range: 0-180°

• Sensing Range: 0-360°

By Application

• Automotive

• Industrial

• Medical

• Others

Key Players and Competitor Analysism

• Infineon

• Texas Instruments

• ams

• Honeywell

• Analog Devices, Inc.

• NXP

• Allegro MicroSystems

• Amphenol

• HELLA (FORVIA)

• TE Connectivity

• Monolithic Power Systems

• Asahi Kasei Microdevices

• Bourns

Market Drivers

• Rising Demand in Automotive Industry – Increasing electronic control systems in vehicles drive sensor adoption.

• Growth of Industrial Automation – Automated manufacturing and robotics require precise positioning solutions.

• Renewable Energy Expansion – Wind and solar energy systems utilize Magnetic Angular Position Sensors for efficiency.

• Miniaturization and Integration – Compact sensors are enabling broader adoption across various industries.

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About Semiconductor Insight:

Established in 2016, Semiconductor Insight specializes in providing comprehensive semiconductor industry research and analysis to support businesses in making well-informed decisions within this dynamic and fast-paced sector. From the beginning, we have been committed to delivering in-depth semiconductor market research, identifying key trends, opportunities, and challenges shaping the global semiconductor industry.

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FAQs

Q: What are the key driving factors and opportunities in the market?

A: The market is driven by automotive electrification, industrial automation, and renewable energy expansion. Opportunities exist in medical applications, miniaturization, and smart infrastructure.

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Q: Which region is projected to have the largest share?

A: Asia-Pacific is expected to lead, with major contributions from China, Japan, and South Korea due to strong manufacturing and EV adoption.

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Q: Who are the top players in the global market?

A: Leading companies include Infineon, Texas Instruments, ams, Honeywell, Analog Devices, NXP, and Allegro MicroSystems.

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Q: What are the latest technological advancements in the industry?

A: Innovations include enhanced sensor miniaturization, improved accuracy, and integration with AI-driven automation systems.

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Q: What is the current size of the global market?

A: The market was valued at US$ 1.9 billion in 2024 and is projected to reach US$ 2.7 billion by 2032, growing at a CAGR of 4.5%.

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