The evergreen 64-year-old German posted 24 top-10 finishes, including two wins, en route to winning the Charles Schwab Cup for the sixth time and leading the Tour in prize money ($US3.25 million) for the eighth time on the PGA's senior circuit in the U.S.

Langer received his Player of the Year honour at Tuesday night's annual awards dinner in Hawaii.

"I'm humbled and surprised because our Tour is incredibly competitive, and there are many deserving candidates," Langer said.

"To earn this award through a vote by my fellow peers is very rewarding.

"These last two years have been challenging for all of us, but I set out at the beginning of 2020 to win the Charles Schwab Cup and to have the opportunity to lift that trophy again was very fulfilling."

It was the ninth Jack Nicklaus Award for Langer, the most in Tour history.

Jim Furyk was named the senior Tour's Rookie of the Year and also took home the Byron Nelson Award for posting the best scoring average (68.84) on the circuit.