Press release
Global Rotary Angle Sensors Market: Industry Size, Share, Growth, Forecasts 2016 - 2024
Rotary angle sensors change physical phenomenon into a quantity measurable by data acquisition system, hence it is an key part of any measurement and automation application. The rotation that is to be measured is connected to the motion of a slider that causes changes in the resistance that the sensor circuit converts in output voltage. Moreover, the rotary angle sensors are much more durable since they have high rotational life characteristics. The market for rotary angle sensors is expected to contribute the highest growth rate during the period of forecast. These sensors measure the rotational or angular movement of an object. Rotary angle sensors measure the rotational or angular movement of an object. Rotary angle sensors is expected to lead the global position sensors market with the fuelling factors such as expanded use of position sensors in a vehicle, increasing trend of industrial automation and many more.
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The rotary angle sensors are primarily driven by the increasing industrial automation. The industrial automation is implemented in different industries like automotive, aerospace, electronics, healthcare and packaging which are fuelling the demand of rotary angle sensors market. Increasing use of rotary angle sensors in automobiles sectors is also fuelling the demand of rotary angle sensors market globally. The sensor is used in providing electrical outputs relative to shaft rotation so as to measure the angles precisely. In automotive industries these sensor are used in gear position, steering wheel position, throttle position and pedal position. Another major driver of this market is the adoption of rotary angle sensor in aerospace industries. In aerospace industries these sensors are used for automation in the aerospace industries.
One of the restraining factors in the rotary angle sensors market is the lack of product differentiation. As a number of key players offer similar technological products, there are numerous options for the buyers to buy from. Thus creating pricing pressure that helps to compete with large manufacturers for high volume of these products.
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Industrial robotic applications are expected to be one of the major opportunities in the rotary angle sensors market. Automations in different sector will create demand for robotics which in terms will create demand for rotary angle sensors. Moreover, electronics sector is also one of the important sectors where opportunities are expected during the forecast period.
On the basis of type the rotary angle sensors is bifurcated into rotary encoder, rotary potentiometer, rotary variable differential transformer, and resolver. Further the rotary encoder is bifurcated into optical rotary encoder, magnetic rotary encoder, mechanical rotary encoder and capacitive rotary encoder. Moreover, the market is bifurcated on the basis of application into test equipment, motion systems, material handling, machine tools and robotics among others. The development in these applications is attributing to the high growth rate of the rotary angle sensor market. Based on geography, the market is bifurcated into North America, Europe, Asia Pacific, Middle East and Africa and Latin America. Europe accounted for the largest size of the European rotary angle sensor market, in terms of revenue, comparing to other regions. This is due to the fast adoption of rotary in different applications like material handling, robotics, machine tools, and others in major countries of this Europe. Another important factor driving the European market is due to the presence of numerous automotive companies like BMW Group (Germany), Volkswagen AG (Germany) and Daimler AG (Germany).
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Some of the important players in the Rotary angle sensors market includes Honeywell International Inc. (U.S.), AMS AG (Germany), Renishaw Plc. (U.K.), MTS System Corporation (U.S.), Balluff GmbH (Germany), Keyence Corporation (Japan), Dr. Johannes Heidenhain GmbH (Germany), TE Connectivity Ltd. (Switzerland), Novotechnik U.S. Inc. (Germany), Allegro MicroSystems, LLC (U.S.), Hans Turck GmbH CO and. KG (Germany), among others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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