An angular position sensor system (500; 900; 1000; 1100; 1200; 1300; 1400; 1500; 1600; 2500) comprising: - a permanent magnet (501; 901; 1001; 1101; 1201; 1301; 1401; 1501; 1601; 2501) for generating a magnetic field, the magnet being a ring magnet or a disk magnet, the magnet being rotatable about a rotation axis over an angular position (α) to be determined; and - an angular position sensor device (502; 902; 1002; 1102; 1202; 1302; 1402; 1502; 1602; 2502) having a substrate comprising a plurality of magnetic sensitive elements; characterised in that - the magnetic sensitive elements are configured for measuring at least a first magnetic field component oriented in a first direction; and for measuring a second magnetic field component (Byl; Bz1) oriented in a second direction (Y; Z) perpendicular to the first direction; and - the sensor device further comprising a processing circuit configured for calculating the angular position (α) of the magnet based at least on the measured first and second (Byl; Bz1) magnetic field component; and - the sensor device is oriented such that the first direction is oriented in a direction tangential to an imaginary circle located in an imaginary plane perpendicular to the rotation axis, and having a centre located on the rotation axis, and such that the second directior (Y, Z) is either parallel to the rotation axis or is orthogonal to the rotation axis; and - the sensor device is located at a predefined axial and radial position relative to the magnet such that the magnetic sensitive elements are located in an annular zone around the rotation axis where a magnitude of a third magnetic field component (Bzl; By1) of the magnetic field generated by the magnet, and being orthogonal to the first and second magnetic field component (Byl; Bz1) has a magnitude smaller than 20% of the magnitude of the first and/or the second magnetic field component over a predefined angular range. - a permanent magnet (501; 901; 1001; 1101; 1201; 1301; 1401; 1501; 1601; 2501) for generating a magnetic field, the magnet being a ring magnet or a disk magnet, the magnet being rotatable about a rotation axis over an angular position (α) to be determined; and - an angular position sensor device (502; 902; 1002; 1102; 1202; 1302; 1402; 1502; 1602; 2502) having a substrate comprising a plurality of magnetic sensitive elements; - the magnetic sensitive elements are configured for measuring at least a first magnetic field component oriented in a first direction; and for measuring a second magnetic field component (Byl; Bz1) oriented in a second direction (Y; Z) perpendicular to the first direction; and - the sensor device further comprising a processing circuit configured for calculating the angular position (α) of the magnet based at least on the measured first and second (Byl; Bz1) magnetic field component; and - the sensor device is oriented such that the first direction is oriented in a direction tangential to an imaginary circle located in an imaginary plane perpendicular to the rotation axis, and having a centre located on the rotation axis, and such that the second directior (Y, Z) is either parallel to the rotation axis or is orthogonal to the rotation axis; and - the sensor device is located at a predefined axial and radial position relative to the magnet such that the magnetic sensitive elements are located in an annular zone around the rotation axis where a magnitude of a third magnetic field component (Bzl; By1) of the magnetic field generated by the magnet, and being orthogonal to the first and second magnetic field component (Byl; Bz1) has a magnitude smaller than 20% of the magnitude of the first and/or the second magnetic field component over a predefined angular range.