PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550610
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550610
Magnetic Sensors Market, By Type, By Technology, By End-use Industry, By Geography
The global magnetic sensors market is estimated to be valued at US$ 3.86 Bn in 2024 and is expected to reach US$ 5.65 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 3.86 Bn |
| Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
| Forecast Period 2024 to 2031 CAGR: | 5.60% | 2031 Value Projection: | US$ 5.65 Bn |
The global magnetic sensors market has been witnessing significant growth in the past decade owing to increasing demand from various end-use industries such as consumer electronics, automotive, healthcare, industrial, and aerospace & defense. Magnetic sensors help in the detection and measurement of magnetic fields which finds a wide range of applications including current sensing, speed sensing, proximity sensing, positioning, and detection. Advancements in magnetic sensor technology along with their miniaturization have enabled their usage in diverse areas. The market is expected to grow substantially in the coming years due to growing automotive production, rising adoption of magnetic sensors in motors and industrial automation.
Market Dynamics:
The global magnetic sensors market is driven by the growing demand from the automotive industry mainly for anti-lock braking systems, engine management systems, electronic stability control systems, and automated functions. Rising adoption of magnetic sensors for automation, motion control, and positioning applications across industries such as healthcare, industrial, and aerospace is fueling the market growth. Miniaturization of sensors enabling their integration in portable consumer electronics is another key opportunity. However, availability of alternative proximity sensing technologies is a major challenge. High manufacturing costs also restrain the market particularly in price-sensitive regions. Ongoing technological advances to develop innovative magnetic field sensing solutions with enhanced properties present a key growth prospect over the forecast period.
Key Features of the Study:
This report provides in-depth analysis of the global magnetic sensors market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global magnetic sensors market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Ams AG, Analog Devices, Inc., Asahi Kasei Microdevices Corporation (AKM), Bosch Sensortec, Honeywell International Inc., Infineon Technologies AG, NXP Semiconductors N.V., Rohm Semiconductor, STMicroelectronics N.V., TDK Corporation, Texas Instruments Incorporated, Vishay Intertechnology, Inc., MagnetoN, Microchip Technology Inc., and Everspin Technologies, Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global magnetic sensors market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global magnetic sensors market
Detailed Segmentation:
- By Type
- Hall Effect Sensors
- Magnetoresistive Sensors
- Fluxgate Sensors
- SQUID Sensors
- Others (AMR, GMR, TMR, etc.)
- By Technology
- Analog
- Digital
- By End-use Industry
- Automotive
- Consumer Electronics
- Industrial
- Healthcare
- Aerospace & Defense
- Others (Energy, Transportation, etc.)
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Key Players Insights
- Ams AG
- Analog Devices, Inc.
- Asahi Kasei Microdevices Corporation (AKM)
- Bosch Sensortec
- Honeywell International Inc.
- Infineon Technologies AG
- NXP Semiconductors N.V.
- Rohm Semiconductor
- STMicroelectronics N.V.
- TDK Corporation
- Texas Instruments Incorporated
- Vishay Intertechnology, Inc.
- MagnetoN
- Microchip Technology Inc.
- Everspin Technologies, Inc.
Table of Contents
1. RESEARCH OBJECTIVES AND ASSUMPTIONS
- Research Objectives
- Assumptions
- Abbreviations
2. MARKET PURVIEW
- Report Description
- Market Definition and Scope
- Executive Summary
- Global Magnetic Sensors Market, By Type
- Global Magnetic Sensors Market, By Technology
- Global Magnetic Sensors Market, By End-use Industry
3. MARKET DYNAMICS, REGULATIONS, AND TRENDS ANALYSIS
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Global Magnetic Sensors Market, By Type, 2024-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Hall Effect Sensors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
- Magnetoresistive Sensors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
- Fluxgate Sensors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
- SQUID Sensors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
- Others (AMR, GMR, TMR, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
5. Global Magnetic Sensors Market, By Technology, 2024-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Analog
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
- Digital
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
6. Global Magnetic Sensors Market, By End-use Industry, 2024-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Automotive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
- Consumer Electronics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
- Industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
- Healthcare
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
- Aerospace & Defense
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
- Others (Energy, Transportation, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
7. Global Magnetic Sensors Market, By Region, 2020 - 2031, Value (US$ Bn)
- Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, Value (US$ Bn)
- Market Y-o-Y Growth Analysis (%), 2020 - 2031, Value (US$ Bn)
- Regional Trends
- North America
- Introduction
- U.S.
- Canada
- Latin America
- Introduction
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- South Africa
- North Africa
- Central Africa
8. COMPETITIVE LANDSCAPE
- Ams AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Analog Devices, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Asahi Kasei Microdevices Corporation (AKM)
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Bosch Sensortec
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Honeywell International Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Infineon Technologies AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- NXP Semiconductors N.V.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Rohm Semiconductor
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- STMicroelectronics N.V.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- TDK Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Texas Instruments Incorporated
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Vishay Intertechnology, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- MagnetoN
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Microchip Technology Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Everspin Technologies, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. References and Research Methodology
- References
- Research Methodology
- About us
