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Magnetic Sensor Market

Global Magnetic Sensor Market Size, Share, Analysis, Report: By Technology: Hall Effect, Anisotropic Magneto Resistance (AMR), Giant Magneto Resistance (GMR), Tunneling Magneto Resistance (TMR), Others; By End Use; Transportation, Consumer Electronics, Healthcare, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Magnetic Sensor Market Outlook

The global magnetic sensor market attained a value of USD 2.68 billion in 2023. The industry is further expected to grow at a CAGR of 7.2% in the forecast period of 2024-2032 to reach a value of USD 5.00 billion by 2032.

 

Magnetic Sensor Market

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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.

 

Global Magnetic Sensor 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.

 

Magnetic Sensor Market By Segments

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The various technologies used in magnetic sensors include:

  • Hall Effect
  • Anisotropic Magneto Resistance (AMR)
  • Giant Magneto Resistance (GMR)
  • Tunnelling Magneto Resistance (TMR)
  • Others

The industry can be segmented based on End Use:

  • Transportation
  • Consumer Electronics
  • Healthcare
  • Aerospace and Defence
  • BFSI
  • Others

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.

 

Global Magnetic Sensor 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.

 

Magnetic Sensor Market By Region

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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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Technology
  • End Use
  • Region
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 and Defense
  • BFSI
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Asahi Kasei Microdevices Corporation
  • Allegro MicroSystems, Inc.
  • Infineon Technologies AG
  • TDK Corporation
  • TE connectivity Corporation.
  • Melexis NV
  • 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    Market 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 (2018-2023) 
    8.3    Global Magnetic Sensor Market Forecast (2024-2032)
    8.4    Global Magnetic Sensor Market by Technology
        8.4.1    Hall Effect
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Anisotropic Magneto Resistance (AMR)
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Giant Magneto Resistance (GMR)
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Tunneling Magneto Resistance (TMR)
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Others
    8.5    Global Magnetic Sensor Market by End Use
        8.5.1    Transportation
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Consumer Electronics
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Healthcare 
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Aerospace and Defense
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    BFSI
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Others    
    8.6    Global Magnetic Sensor Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032) 
9    North America Magnetic Sensor Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Magnetic Sensor Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Magnetic Sensor Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.2    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Magnetic Sensor Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Magnetic Sensor Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    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    Competitive Landscape
    15.1    Market Structure
    15.2.    Company Profiles
        15.2.1    Asahi Kasei Microdevices Corporation
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Allegro MicroSystems, Inc.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Infineon Technologies AG
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    TDK Corporation
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    TE connectivity Corporation.
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Melexis NV
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    NXP Semiconductors N.V.
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Magnetic Sensor Market: Key Industry Highlights, 2018 and 2032
2.    Global Magnetic Sensor Historical Market: Breakup by Technology (USD Million), 2018-2023
3.    Global Magnetic Sensor Market Forecast: Breakup by Technology (USD Million), 2024-2032
4.    Global Magnetic Sensor Historical Market: Breakup by End Use (USD Million), 2018-2023
5.    Global Magnetic Sensor Market Forecast: Breakup by End Use (USD Million), 2024-2032
6.    Global Magnetic Sensor Historical Market: Breakup by Region (USD Million), 2018-2023
7.    Global Magnetic Sensor Market Forecast: Breakup by Region (USD Million), 2024-2032
9.    North America Magnetic Sensor Historical Market: Breakup by Country (USD Million), 2018-2023
10.    North America Magnetic Sensor Market Forecast: Breakup by Country (USD Million), 2024-2032
11.    Europe Magnetic Sensor Historical Market: Breakup by Country (USD Million), 2018-2023
12.    Europe Magnetic Sensor Market Forecast: Breakup by Country (USD Million), 2024-2032
13.    Asia Pacific Magnetic Sensor Historical Market: Breakup by Country (USD Million), 2018-2023
14.    Asia Pacific Magnetic Sensor Market Forecast: Breakup by Country (USD Million), 2024-2032
15.    Latin America Magnetic Sensor Historical Market: Breakup by Country (USD Million), 2018-2023
16.    Latin America Magnetic Sensor Market Forecast: Breakup by Country (USD Million), 2024-2032
17.    Middle East and Africa Magnetic Sensor Historical Market: Breakup by Country (USD Million), 2018-2023
18.    Middle East and Africa Magnetic Sensor Market Forecast: Breakup by Country (USD Million), 2024-2032
19.    Global Magnetic Sensor Market Structure

Key Questions Answered in the Report

In 2023, the global magnetic sensor market attained a value of nearly USD 2.68 billion.

The market is projected to grow at a CAGR of 7.2% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 5.0 billion by 2032.

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.

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 2.68 billion in 2023, 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 2024-2032, growing at a CAGR of 7.2%. The magnetic sensor industry is projected to reach USD 5.0 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of technology, the market is divided into hall effect, 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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