Rotary Angle Sensors Market Size and Competitive Analysis till 2031

MARKET INTRODUCTION

The rotary angle sensors calculate the rotational or angular motion of the object. Rotary angle sensors turn physical phenomena into quantifiable data acquisition systems, making them a vital part of any measurement and automation application. The rotation that is to be measured is connected to the motion of the slider that causes changes in the resistance that the sensor circuit converts in output voltage. In addition, rotary angle sensors are much more reliable because they have high rotational life characteristics. Advantages such as accurate measurement and maximum angle of measurement is expected to drive the market during forecast period.

MARKET DYNAMICS

Growing automation in different industries around the world and benefits of rotary angle sensors such as more durable and longer rotational life is driving the growth of the rotary angle sensors market. However, lack of product differentiation and high cost may restrain the growth of the rotary angle sensors market. Furthermore, escalation in the use of position sensors in vehicles and growing robotics applications is anticipated to create market opportunities for the rotary angle sensors market during the forecast period.

MARKET SCOPE

The "Global Rotary Angle Sensors Market Analysis to 2031" is a specialized and in-depth study of the rotary angle sensors market with a special focus on the global market trend analysis. The report aims to provide an overview of rotary angle sensors market with detailed market segmentation by type, application, end-user industry, and geography. The global rotary angle sensors market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading rotary angle sensors market players and offers key trends and opportunities in the rotary angle sensors market.

MARKET SEGMENTATION

The global rotary angle sensors market is segmented on the basis of type, application, and end-user industry. On the basis of type, the market is segmented as rotary encoder, rotary potentiometer, rotary variable differential transformer, and resolver. Similarly, on the basis of application, the market is segmented as motion test, machine tools, robotics, material handling, and others. Further, based on end-user industry, market is segmented into the automotive, aerospace and defense, electronics, healthcare, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global rotary angle sensors market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The rotary angle sensors market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting rotary angle sensors market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the rotary angle sensors market in these regions.

MARKET PLAYERS

The reports cover key developments in the rotary angle sensors market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from rotary angle sensors market are anticipated to lucrative growth opportunities in the future with the rising demand for the rotary angle sensors. Below mentioned is the list of few companies engaged in the rotary angle sensors market.

The report also includes the profiles of key rotary angle sensors market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Allegro MicroSystems, LLC
  
•   ams AG
  
•   Balluff GmbH
  
•   Bourns, Inc.
  
•   Hans Turck GmbH Co. and KG
  
•   HONEYWELL INTERNATIONAL INC.
  
•   KEYENCE CORPORATION
  
•   MTS Systems Corporation
  
•   Novotechnik U.S. Inc.
  
•   TE Connectivity
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study

Rotary Angle Sensors Report Scope