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Report Overview
The magnetic sensor market size USD 3.08 Billion as of 2025 and is anticipated to grow at a CAGR of 7.20% during the forecast period of 2026 to 2035. One of the main drivers of the magnetic sensor industry is the increasing uptake in automobile applications, such as advanced driver-assistance systems (ADAS), electric vehicles (EVs), and safety features such as traction control and anti-lock braking systems (ABS). The market is thus expected to reach a value of nearly USD 6.17 Billion by 2035.
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
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Growing use of magnetic sensors in ADAS, EVs, and safety systems such as ABS and traction control fuels market growth. Players can benefit by creating high-precision, low-power sensors designed for automotive use, establishing strategic collaborations with automakers, and meeting changing regulatory safety standards.
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Growing industrial automation, robotics, and intelligent manufacturing demand increases the requirement for magnetic sensors in motor control and position sensing. Industry players can invest in R&D to develop high-performance sensors, focus on Industry 4.0 applications, and partner with industrial equipment makers to improve automation solutions, thereby increasing the growth of the magnetic sensor market.
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Wearable devices, smartphones, and IoT solutions are increasingly using magnetic sensors for navigation, motion tracking, and gaming use. Manufacturers can benefit by making small-sized energy-efficient sensors, designing production to be cost-effective, and co-developing products with consumer electronics companies to address emerging demand.
Competitive Landscape
Key magnetic sensor market players, including Infineon, Allegro MicroSystems, TDK, and NXP, are concentrating on innovation, strategic alliances, and sector-specific offerings to reap maximum gains. They are investing in low-power, high-precision sensors for automotive safety, industrial automation, and consumer electronics. Growing AI integration, quantum sensing, and miniaturization increases product differentiation. Furthermore, businesses are reinforcing their supply chains, regulatory compliance, and R&D capabilities to address increasing EV, IoT, and autonomous system requirements, which will drive long-term revenue growth.
HBM Prenscia
HBM Prenscia, a subsidiary of Spectris plc, provides advanced engineering software and services focused on reliability, durability, and performance. Known for its nCode and ReliaSoft solutions, the company supports industries such as automotive, aerospace, and defence. With global expertise, HBM Prenscia enables customers to improve product quality, reduce costs, and accelerate time-to-market through smart data analysis.
STMicroelectronics
STMicroelectronics, headquartered in Switzerland, is a global semiconductor leader delivering intelligent and energy-efficient solutions. It serves diverse industries including automotive, industrial, personal electronics, and communication equipment. Known for innovation, ST integrates advanced technologies in sensors, microcontrollers, and power management, helping customers build smarter, more connected applications for a sustainable and digital future.
Amphenol Corporation
Amphenol Corporation, based in Connecticut, United States, is a leading global provider of interconnect, sensor, and antenna solutions. It serves a wide range of markets including automotive, aerospace, industrial, and consumer electronics. With strong R&D and global manufacturing capabilities, Amphenol delivers innovative technologies that enable high-speed data transmission and reliable connectivity in critical applications.
Honeywell International Inc.
Honeywell International Inc., headquartered in North Carolina, United States, is a multinational conglomerate offering products and solutions in aerospace, building technologies, performance materials, and safety. It develops cutting-edge sensor technologies, automation systems, and IoT-enabled devices. Honeywell focuses on improving efficiency, productivity, and sustainability across industries through its deep expertise in engineering and digital transformation.
Murata Manufacturing Co., Ltd.
Murata Manufacturing Co., Ltd., based in Kyoto, Japan, is a leading global manufacturer of electronic components, modules, and devices. The company specialises in capacitors, sensors, wireless modules, and power supplies, serving industries such as consumer electronics, automotive, healthcare, and telecommunications. Murata is known for its innovation and quality in miniaturised and high-performance electronic solutions.
Key Companies in the Magnetic Sensor Market Include:
- Asahi Kasei Microdevices Corporation
- Allegro MicroSystems, Inc.
- Infineon Technologies AG
- TDK Corporation
- TE connectivity Corporation.
- Melexis NV
- NXP Semiconductors N.V.
- Sensata Technologies, Inc.
- HBM Prenscia
- STMicroelectronics
- Amphenol Corporation
- Honeywell International Inc.
- Measurement Specialties, Inc.
- LEM Holding SA
- Knowles Corporation
- Murata Manufacturing Co., Ltd.
- NovaSensor
- Others
Magnetic Sensor Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2025, the magnetic sensor market reached an approximate value of USD 3.08 Billion.
The market is assessed to grow at a CAGR of 7.20% between 2026 and 2035.
The market is estimated to witness healthy growth in the forecast period of 2026-2035 to reach a value of around USD 6.17 Billion by 2035.
The major drivers for the market include the rising demand for consumer electronics, electric and hybrid vehicles, and high-quality sensing devices, and the growing technological advancements, are expected to aid the market growth.
The key trend guiding the market growth includes the introduction of new apps like movement gaming and navigation.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Hall effect, anisotropic magneto resistance (AMR), giant magneto resistance (GMR), and tunnelling magneto resistance (TMR), among others, are the significant technology segments of the product in the market.
Key application sectors are transportation, automotive, consumer electronics, industrial, healthcare, BFSI, aerospace and defense.
The major players in the market include Asahi Kasei Microdevices Corporation, Allegro MicroSystems, Inc., Infineon Technologies AG, TDK Corporation, TE connectivity Corporation., Melexis NV, NXP Semiconductors N.V., Sensata Technologies, Inc., HBM Prenscia, STMicroelectronics, Amphenol Corporation, Honeywell International Inc., Measurement Specialties, Inc., LEM Holding SA, Knowles Corporation, Murata Manufacturing Co., Ltd., and NovaSensor among others.
The magnetic sensor market faces challenges like high competition, price pressure, limited standardisation, and technical limitations in extreme environments, affecting adoption across sensitive applications and emerging industrial sectors.
COVID-19 disrupted global supply chains, delayed production, and reduced demand in automotive and industrial sectors, temporarily slowing market growth, though recovery followed with rising interest in automation and smart technologies.
The magnetic sensor market is expected to witness steady growth driven by rising demand in automotive, consumer electronics, and industrial automation, along with advancements in sensor accuracy and miniaturisation.
Key opportunities include increased adoption in electric vehicles, smart home devices, medical applications, and renewable energy systems, along with growing demand for high-performance, energy-efficient sensor technologies across various sectors.
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