Reports
Global Magnetic Sensor Market: By Type: Half Effect Sensors, Magneto resistive Sensors, Squid Sensors, Fluxgate Sensor, Other; By Technology; By End Use: Transportation, Consumer Electronics, Other; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Magnetic Sensor Market Outlook
The global magnetic sensor market attained a value of USD 2.5 billion in 2022. The industry is further expected to grow at a CAGR of 7.10% in the forecast period of 2023-2028 to reach a value of USD 3.8 billion by 2028.
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The global magnetic sensor market is being driven by the rising demand for consumer electronics, electric and hybrid vehicles, and high-quality sensing devices.
Market Segmentation
Magnetic sensors are used for various purposes such as in contactless and wear-free measurement of mechanical and electrical amounts like rotation angle, angular velocity, linear position, linear velocity, and current. Magnetic sensors play a crucial role in supplying drones the critical directional data.
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The various types of magnetic sensors include:
- Half Effect Sensors
- Magneto Resistive Sensors
- Squid Sensors
- Fluxgate Sensor
- Others
The industry can be segmented based on:
- Technology
- Hall Effect
- Anisotropic Magneto Resistance (AMR)
- Giant Magneto Resistance (GMR)
- Tunnelling Magneto Resistance (TMR)
- Others
- End-Use
- Transportation
- Consumer Electronics
- Healthcare
- Aerospace and Defence
- BFSI
- Other
The EMR report looks into the regional magnetic sensor markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Market Analysis
The global magnetic sensor market is being driven by technological advancements. The rising demand for reliable, high-performance, and low-cost sensor is further propelling the growth of the industry. The Asia Pacific is expected to lead the industry as a result of an increasing focus on the automotive, consumer electronics, and healthcare industries, with China being the largest producer for automotive and consumer electronics due to the speedy growth of gaming industry in the region. The consumer electronics magnetic sensor market is anticipated to grow at the fastest rate due to the introduction of new apps like movement gaming and navigation.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global magnetic sensor market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Amsasahi Kasei Microdevices Corporation
- Allegro Microsystems, LLC
- Infineon Technologies AG
- TDK Corporation
- TE connectivity Corporation
- Asahi Kasei Microdevices Corporation
- Melexis NV
- NXP Semiconductors N.V.
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Technology, End Use, Region |
| Breakup by Type | Half Effect Sensors, Magneto resistive Sensors, Squid Sensors, Fluxgate Sensor, Other |
| Breakup by Technology | Hall Affect, Anisotropic Magneto Resistance (AMR), Giant Magneto Resistance (GMR), Tunneling Magneto Resistance (TMR), Others |
| Breakup by End Use | Transportation, Consumer Electronics, Healthcare, Aerospace & Defence, BFSI, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Amsasahi Kasei Microdevices Corporation, Allegro Microsystems, LLC, Infineon Technologies AG, TDK Corporation, Melexis, TE connectivity Corporation., NXP Semiconductors N.V., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Magnetic Sensor Market Analysis
8.1 Key Industry Highlights
8.2 Global Magnetic Sensor Historical Market (2018-2022)
8.3 Global Magnetic Sensor Market Forecast (2023-2028)
8.4 Global Magnetic Sensor Market by Type
8.4.1 Half Effect Sensors
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Magneto Resistive Sensors
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Squid Sensors
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Fluxgate Sensors
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Others
8.5 Global Magnetic Sensor Market by Technology
8.5.1 Hall Affect
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Anisotropic Magneto Resistance (AMR)
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Giant Magneto Resistance (GMR)
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Tunneling Magneto Resistance (TMR)
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Magnetic Sensor Market by End Use
8.6.1 Transportation
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Consumer Electronics
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Healthcare
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Aerospace and Defense
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 BFSI
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
8.6.6 Others
8.7 Global Magnetic Sensor Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Magnetic Sensor Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Magnetic Sensor Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Magnetic Sensor Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.2 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Magnetic Sensor Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Magnetic Sensor Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Asahi Kasei Microdevices Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Allegro MicroSystems, Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Infineon Technologies AG
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 TDK Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 TE connectivity Corporation.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Asahi Kasei Microdevices Corporation
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Melexis NV
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 NXP Semiconductors N.V.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Magnetic Sensor Market: Key Industry Highlights, 2018 and 2028
2. Global Magnetic Sensor Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Magnetic Sensor Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Magnetic Sensor Historical Market: Breakup by Technology (USD Million), 2018-2022
5. Global Magnetic Sensor Market Forecast: Breakup by Technology (USD Million), 2023-2028
6. Global Magnetic Sensor Historical Market: Breakup by End Use (USD Million), 2018-2022
7. Global Magnetic Sensor Market Forecast: Breakup by End Use (USD Million), 2023-2028
8. Global Magnetic Sensor Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Magnetic Sensor Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Magnetic Sensor Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Magnetic Sensor Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Magnetic Sensor Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Magnetic Sensor Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Magnetic Sensor Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Magnetic Sensor Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Magnetic Sensor Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Magnetic Sensor Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Magnetic Sensor Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Magnetic Sensor Market Forecast: Breakup by Country (USD Million), 2023-2028
20. North America Historical Price Trends and Forecast 2018-2028
21. Europe Historical Price Trends and Forecast 2018-2028
22. Asia Pacific Historical Price Trends and Forecast 2018-2028
23. Latin America Historical Price Trends and Forecast 2018-2028
24. Middle East and Africa Historical Price Trends and Forecast 2018-2028
25. Global Magnetic Sensor Market Structure
Key Questions Answered in the Report
In 2022, the global magnetic sensor market attained a value of nearly USD 2.5 billion.
The market is projected to grow at a CAGR of 7.10% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 3.8 billion by 2028.
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.
Half effect sensors, magneto resistive sensors, squid sensors, and fluxgate sensor, among others, are the major types of the product in the market.
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.
Transportation, consumer electronics, healthcare, aerospace and defence, and BFSI, among others, are the major end use sectors of magnetic sensor in the market.
The major players in the market include Amsasahi Kasei Microdevices Corporation, Allegro Microsystems, LLC, Infineon Technologies AG, TDK Corporation, Melexis, TE connectivity Corporation., and NXP Semiconductors N.V., among others.
Analyst Review
The global magnetic sensor market attained a value of USD 2.5 billion in 2022, driven by the rising demand for consumer electronics. Aided by the technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 7.10%. The magnetic sensor industry is projected to reach USD 3.8 billion by 2028.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on types, the industry can be segmented into half effect sensors, magneto resistive sensors, squid sensors, fluxgate sensor, and others. On the basis of technology, the market is divided into hall affect, anisotropic magneto resistance (AMR), giant magneto resistance (GMR), tunnelling magneto resistance (TMR), and others. By end use, the industry is segmented into transportation, consumer electronics, healthcare, aerospace and defence, BFSI, and others. The major regional markets for magnetic sensor are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Amsasahi Kasei Microdevices Corporation, Allegro Microsystems, LLC, Infineon Technologies AG, TDK Corporation, Melexis, TE connectivity Corporation., NXP Semiconductors N.V., Others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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