This study presents a new approach to determining the preload force of bolted joints. The concept involves measuring the torsional angle without contact. For this purpose, we present a circular magnetic sensor array integrated into the torque wrench. The torsional angle in bolted joints depends on the dimensions of the screw and the materials used and is typically less than four degrees. For this reason, one requirement is a high angular resolution so that a continuous recording of the torsion angle is feasible during the assembly process. This can be achieved using the circular sensor array and adapted signal processing methods. Two signal processing approaches are utilized. First, the direct method uses the discrete Fourier transformation to calculate the rotation angle from the signal phase. This approach is robust to signal distortion and does not depend on signal amplitude. Second, the method with a learning phase employs Gaussian process regression to minimize the angle error. In an experiment, both approaches were applied within a test bench and showed promising results. The direct method demonstrated a very good angular resolution without training and calibration. For mobile and less-complex applications where a reference system is unavailable, the direct method is preferable. However, in complex measurement systems where reference systems can be utilized initially, significant enhancements to an excellent resolution can be achieved through prior training.