Press release
Rotary Angle Sensors Market Applications: Motion Test, Machine Tools, Robotics and Material Handling
Market Highlights
The rotary angle sensors is a major part of any measurement or any automatic application, as it can change any physical phenomenon into a quantity that can be measured by any data acquisition systems. The rotation needed to be measured is thus connected to a slider that causes the change in resistance, which is then converted into output voltage by the sensor circuit. These rotary angle sensors have a high rotational life and hence are much more durable as compared to any other devices.
The increasing trend of automation is expected to augment the demand for rotary angle sensors, thus driving the global rotary angle sensors market over the forecast period. In addition to this, the increasing production of vehicles has increased the demand for position sensors. This in turn, is analyzed to boost the global rotary angle sensors market over the forecast period. The growing aerospace industry is also expected to contribute to the growth of this market in the near future. Growing healthcare and packaging market is also anticipated to fuel the growth of global rotary angle sensors market during the analysis period.
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Key Players:
Some of the companies in the rotary angle sensors market are AMS AG, Honeywell International Inc., MTS System Corporation, Allegro MicroSystems LLC, TE Connectivity Ltd., Keyence Corporation, Balluff GmbH, Renishaw Plc, Novatechnik U.S. Inc., and Hans Turck GmbH CO and KG.
Market Analysis
One of the factors restraining the global rotary angle sensors market is the lack of product differentiation. In addition to this, the lack of knowledge as well as awareness about this product is expected to hamper the growth of global rotary angle sensors market in the near future. Moreover, the high pricing pressure is also projected to impact the growth of global rotary angle sensors market over the forecast period. The major companies operating in this market have adopted the strategy of product development in order to strengthen their market position in the near future.
Market Segments:
The global rotary angle sensors market is segmented on the basis of types, application and geography. The market is segmented by types as rotary potentiometer, resolver, rotary encoder, and rotary variable differential transformer. By applications the global market is classified as motion test, machine tools, robotics, material handling, and others.
The global rotary angle sensors market is segmented based on regions as North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. Europe is estimated to hold the major share in the global rotary angle sensors market and is analyzed to remain dominant during the forecast period. This is mainly attributed to the rapid adoption of rotary angle sensors in various applications in Europe. APAC is analyzed to witness the highest growth in the global rotary angle sensors market over the analysis period. The augment in number of automotive companies in this region is anticipated to drive the demand for rotary angle sensors in Asia-Pacific region. This in turn, is analyzed to boost the Asia-Pacific rotary angle sensors market in the near future.
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