Industry Background:
Angle sensors help to detect the orientation of an applied magnetic field by measuring sine and cosine of angle components with monolithically integrated magneto resistive elements. Leading players provides a broad portfolio based on a multitude of sensor technologies.This growth is primarily driven by Increase Demand in Solar Tracking by Avoiding Mutual Shadowing Of the Panels, High Adoption in Wind Turbines and Strong Growth in the Automotive Manufacturing Industry.
Globally, a noticeable market trend is evident Growing Initiatives in Research and Development
. Major Players, such as ASM (Germany), AKM (United States), Monolithic Power Systems (United States), Methode Electronics (United States), Micronas (Switzerland), NXP (Netherlands), Novotechnik (Germany), Baumer (Switzerland), Hydac (Germany) and TE Connectivity (Switzerland) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In Nov 2018, Fujitsu Electronics announced the agreement with Crocus Technology as a distribution agreement, which includes TMR*3 sensor products, which includes the latest devices in magnetic technology, providing high sensitivity, low-power consumptions, and stable performance.
Market Drivers
- Increase Demand in Solar Tracking by Avoiding Mutual Shadowing Of the Panels
- High Adoption in Wind Turbines
- Strong Growth in the Automotive Manufacturing Industry
Market Trend
- Growing Initiatives in Research and Development
- Rising Use of Robotics in Automotive Manufactures
- High Growth in Angle Sensor Industry, Majorly Linear Measurement Models
Restraints
- Increase Raw Material Cost
- Declining Supplies of UK Raw Material
Opportunities
Increase Demand of Angle Sensors in North America Region Because Of Increase Investment in Robotics and Manufacturing and Advancements of Driver Assistance Systems and Hybrid Drive Cars
Challenges
Access and Supply of Skilled Labour Is Low
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Angle Sensors Study Sheds Light on
The Angle Sensors Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Angle Sensors industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Angle Sensors industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.