Product Code: 978-1-68038-161-0
Magnetic Sensor Market Growth & Trends:
The global magnetic sensor market size is expected to reach USD 4.39 billion by 2030, registering a CAGR of 6.4% from 2025 to 2030, according to a new report by Grand View Research, Inc. Growing emphasis on automobile safety, coupled with steadily declining prices of sensors, has supported product demand. Integration of sophisticated technology in consumer electronics is also expected to drive the magnetic sensor market.
In addition to smartphones, magnetic sensors are being increasingly integrated into wearables such as fitness bands and smartwatches. The trend of embedding these components with giant magnetoresistance (GMR) films has gained a lot of importance. This procedure aids in detecting and reading data from microelectromechanical systems (MEMS), such as MRAMs, temporary memory processing units, and hard drives.
Sensors are being increasingly incorporated in automobiles to achieve fuel efficiency and ensure the safety and convenience of the occupants. Governments in several European countries are encouraging customers to adopt electric vehicles (EVs) to address the issue of air pollution. This, in turn, is driving demand for magnetic sensors, since they are integrated into EVs' power systems for monitoring supplementary motor inverters.
The Hall Effect technology is quite mature as compared to other sensing technologies. However, in spite of this, its application base continues to witness a steady increase, which can be attributed to continuous developments that still make it a preferred choice in several industry verticals.
Magnetic Sensor Market Report Highlights:
- Based on technology, the Hall effect segment held the largest market share of 29.0% in 2024. The TMR segment is projected to exhibit the fastest CAGR over the forecast period.
- Based on application, the automotive sector holds the major share in the market in 2024. The consumer electronics segment is anticipated to grow substantially during the forecast period.
- The North America magnetic sensor industry is anticipated to grow over the forecast period. The magnetic sensor industry in the U.S. is mature and technologically advanced, with sustained demand across automotive, aerospace, defense, and industrial applications.
- Asia Pacific magnetic sensor industry led globally with revenue share of 47.26% in 2024, which is attributed to the prospering automotive and consumer electronics manufacturing industries in the region, as well as the presence of prominent sensor manufacturers in China and Japan.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Magnetic Sensor Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. Magnetic Sensor Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and social landscape
- 3.3.2.3. Technological landscape
Chapter 4. Magnetic Sensor Market: Technology Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Magnetic Sensor Market: Technology Movement Analysis, 2024 & 2030 (USD Million)
- 4.3. Hall Effect
- 4.3.1. Hall Effect Market Revenue and Volume Estimates and Forecasts, 2018 - 2030 (USD Million, Million Units)
- 4.4. Anisotropic Magnetoresistance (AMR)
- 4.4.1. Anisotropic Magnetoresistance (AMR) Market Revenue and Volume Estimates and Forecasts, 2018 - 2030 (USD Million, Million Units)
- 4.5. Giant Magnetoresistance (GMR)
- 4.5.1. Giant Magnetoresistance (GMR) Market Revenue and Volume Estimates and Forecasts, 2018 - 2030 (USD Million, Million Units)
- 4.6. Tunnel Magnetoresistance (TMR)
- 4.6.1. Tunnel Magnetoresistance (TMR) Market Revenue and Volume Estimates and Forecasts, 2018 - 2030 (USD Million, Million Units)
- 4.7. Others
- 4.7.1. Others Market Revenue and Volume Estimates and Forecasts, 2018 - 2030 (USD Million, Million Units)
Chapter 5. Magnetic Sensor Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Magnetic Sensor Market: Application Movement Analysis, 2024 & 2030 (USD Million)
- 5.3. Automotive
- 5.3.1. Automotive Market Revenue and Volume Estimates and Forecasts, 2018 - 2030 (USD Million, Million Units)
- 5.4. Consumer Electronics
- 5.4.1. Consumer Electronics Market Revenue and Volume Estimates and Forecasts, 2018 - 2030 (USD Million, Million Units)
- 5.5. Industrial
- 5.5.1. Industrial Market Revenue and Volume Estimates and Forecasts, 2018 - 2030 (USD Million, Million Units)
- 5.6. Others
- 5.6.1. Others Market Revenue and Volume Estimates and Forecasts, 2018 - 2030 (USD Million, Million Units)
Chapter 6. Magnetic Sensor Market: Regional Estimates & Trend Analysis
- 6.1. Magnetic Sensor Market Share, By Region, 2024 & 2030 (USD Million)
- 6.2. North America
- 6.2.1. North America Magnetic Sensor Market Estimates and Forecasts, 2018 - 2030 (USD Million, Million Units)
- 6.2.2. U.S.
- 6.2.2.1. U.S. Magnetic Sensor Market Estimates and Forecasts, 2018 - 2030 (USD Million, Million Units)
- 6.2.3. Canada
- 6.2.3.1. Canada Magnetic Sensor Market Estimates and Forecasts, 2018 - 2030 (USD Million, Million Units)
- 6.2.4. Mexico
- 6.2.4.1. Mexico Magnetic Sensor Market Estimates and Forecasts, 2018 - 2030 (USD Million, Million Units)
- 6.3. Europe
- 6.3.1. Europe Magnetic Sensor Market Estimates and Forecasts, 2018 - 2030 (USD Million, Million Units)
- 6.3.2. UK
- 6.3.2.1. UK Magnetic Sensor Market Estimates and Forecasts, 2018 - 2030 (USD Million, Million Units)
- 6.3.3. Germany
- 6.3.3.1. Germany Magnetic Sensor Market Estimates and Forecasts, 2018 - 2030 (USD Million, Million Units)
- 6.3.4. France
- 6.3.4.1. France Magnetic Sensor Market Estimates and Forecasts, 2018 - 2030 (USD Million, Million Units)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Magnetic Sensor Market Estimates and Forecasts, 2018 - 2030 (USD Million, Million Units)
- 6.4.2. China
- 6.4.2.1. China Magnetic Sensor Market Estimates and Forecasts, 2018 - 2030 (USD Million, Million Units)
- 6.4.3. Japan
- 6.4.3.1. Japan Magnetic Sensor Market Estimates and Forecasts, 2018 - 2030 (USD Million, Million Units)
- 6.4.4. India
- 6.4.4.1. India Magnetic Sensor Market Estimates and Forecasts, 2018 - 2030 (USD Million, Million Units)
- 6.4.5. South Korea
- 6.4.5.1. South Korea Magnetic Sensor Market Estimates and Forecasts, 2018 - 2030 (USD Million, Million Units)
- 6.4.6. Australia
- 6.4.6.1. Australia Magnetic Sensor Market Estimates and Forecasts, 2018 - 2030 (USD Million, Million Units)
- 6.5. Latin America
- 6.5.1. Latin America Magnetic Sensor Market Estimates and Forecasts, 2018 - 2030 (USD Million, Million Units)
- 6.5.2. Brazil
- 6.5.2.1. Brazil Magnetic Sensor Market Estimates and Forecasts, 2018 - 2030 (USD Million, Million Units)
- 6.6. Middle East and Africa
- 6.6.1. Middle East and Africa Magnetic Sensor Market Estimates and Forecasts, 2018 - 2030 (USD Million, Million Units)
- 6.6.2. UAE
- 6.6.2.1. UAE Magnetic Sensor Market Estimates and Forecasts, 2018 - 2030 (USD Million, Million Units)
- 6.6.3. KSA
- 6.6.3.1. KSA Magnetic Sensor Market Estimates and Forecasts, 2018 - 2030 (USD Million, Million Units)
- 6.6.4. South Africa
- 6.6.4.1. South Africa Magnetic Sensor Market Estimates and Forecasts, 2018 - 2030 (USD Million, Million Units)
Chapter 7. Competitive Landscape
- 7.1. Company Categorization
- 7.2. Company Market Positioning
- 7.3. Company Heat Map Analysis
- 7.4. Company Profiles/Listing
- 7.4.1. Asahi Kasei Baumer Ltd.
- 7.4.1.1. Participant's Overview
- 7.4.1.2. Financial Performance
- 7.4.1.3. Product Benchmarking
- 7.4.1.4. Strategic Initiatives
- 7.4.2. Alps Alpine Co., Ltd.
- 7.4.2.1. Participant's Overview
- 7.4.2.2. Financial Performance
- 7.4.2.3. Product Benchmarking
- 7.4.2.4. Strategic Initiatives
- 7.4.3. Elmos Semiconductor SE
- 7.4.3.1. Participant's Overview
- 7.4.3.2. Financial Performance
- 7.4.3.3. Product Benchmarking
- 7.4.3.4. Strategic Initiatives
- 7.4.4. Honeywell International, Inc.
- 7.4.4.1. Participant's Overview
- 7.4.4.2. Financial Performance
- 7.4.4.3. Product Benchmarking
- 7.4.4.4. Strategic Initiatives
- 7.4.5. Allegro MicroSystems, Inc.
- 7.4.5.1. Participant's Overview
- 7.4.5.2. Financial Performance
- 7.4.5.3. Product Benchmarking
- 7.4.5.4. Strategic Initiatives
- 7.4.6. iC-Haus
- 7.4.6.1. Participant's Overview
- 7.4.6.2. Financial Performance
- 7.4.6.3. Product Benchmarking
- 7.4.6.4. Strategic Initiatives
- 7.4.7. MEMSIC Semiconductor Co., Ltd.
- 7.4.7.1. Participant's Overview
- 7.4.7.2. Financial Performance
- 7.4.7.3. Product Benchmarking
- 7.4.7.4. Strategic Initiatives
- 7.4.8. MultiDimension Technology Co., Ltd.
- 7.4.8.1. Participant's Overview
- 7.4.8.2. Financial Performance
- 7.4.8.3. Product Benchmarking
- 7.4.8.4. Strategic Initiatives
- 7.4.9. NVE Corporation
- 7.4.9.1. Participant's Overview
- 7.4.9.2. Financial Performance
- 7.4.9.3. Product Benchmarking
- 7.4.9.4. Strategic Initiatives
- 7.4.10. NXP Semiconductors
- 7.4.10.1. Participant's Overview
- 7.4.10.2. Financial Performance
- 7.4.10.3. Product Benchmarking
- 7.4.10.4. Strategic Initiatives