Angle Sensor Market Size

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).

Almost 50% of the market share is held by the top 6 competitors. To acquire a competitive edge in the industry, these market players are engaging in partnerships, mergers and acquisitions, and expansions. For instance, Allegro MicroSystems introduced ATS17051 in November 2019. It is a gear tooth sensor ICs that is intended to provide incremental position for traction motors in electric vehicles that run at up to 30 000 RPM. Some of the prominent players in the angle sensor market includes: 'Honeywell International Inc. (USA) ', 'TE Connectivity (Switzerland) ', 'Balluff Inc. (Germany) ', 'Baumer (Switzerland) ', 'Novotechnik (Germany) ', 'Infineon Technologies (Germany) ', 'TDK Corporation (Japan) ', 'Turck Inc. (Germany) ', 'Pepperl+Fuchs Inc. (Germany) ', 'Spectra Symbol (USA) ', 'Celera Motion (USA) ', 'Temposonics, LLC (USA) ', 'Phoenix Sensors (USA) ', 'CTS Corporation (USA) ', 'Sensor Solutions (USA) ', 'Sentech, Inc. (USA) ', 'TSM Sensors (Italy) ', 'Murata Manufacturing Co., Ltd. (Japan) ', 'Position Sensors Ltd (United Kingdom) ', 'Variohm (United Kingdom)', 'In 2022, Along with Continental AG, Nexteer Automotive has enhanced its two new software features that offer backup safety layers for all Electric Power Steering and Steer-by-Wire system variations and for all driving automation systems (levels 1 – 5).', 'In 2021, In order to meet the needs of a number of OEMs, Nexteer Automotive has announced the addition of its new modular column-assist EPS system (mCEPS) to its electric power steering (EPS) line. The enhanced noise, vibration, and harshness (NVH) performance and smooth, precise steering feel provided by Nexteer's high-performance torque and rotation angle sensors enable drivers to feel more a part of the road.'

To provide accurate angle measurements in the robot joints, magnetic angle sensors, in particular position sensor ICs, are the optimal option. These sensors are crucial in enabling the future generation of autonomous robots to have similar human-like limb mobility and fine joint motor control.

The need for steering angle sensors has increased as a result of the automobile industry's recent change in focus to technological advancements like electrification and autonomous driving. At the same time, the tendency of manufacturers to incorporate angle sensors into automobiles indicates that the market will expand.

Asia Pacific region dominated the global market in 2022 and is expected to maintain its dominance throughout the forecast period. The market is growing as a result of expanding industrialization and rising spending in R&D projects for the creation of novel products. Also boosting the regional market will be rising vehicle manufacturing in nations like China, Japan, India, and South Korea. It is projected that these regulatory standards will compel firms to use industrial equipment, such as lifts and elevators, machinery, trucks, etc.