Magnetic Sensor Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Magnetic Sensor Market will witness 8.4% CAGR between 2024 and 2032, driven by rapid advancements in automotive and industrial applications. Magnetic sensors, which detect changes in magnetic fields, have become increasingly essential in modern technology, particularly within the automotive sector, where they are integral to safety systems, navigation, and automated driving. For instance, according to a report by the International Energy Agency (IEA), Global electric car stock surpassed 10 million in 2020, highlighting the growing reliance on advanced sensor technologies. Additionally, the growing trend towards automation and smart technologies in industrial settings further accelerates the demand for magnetic sensors, making them a key component in a wide array of applications.

The overall Magnetic Sensor Market is categorized based on technology, application, end-use, and region.

The Anisotropic Magnetoresistance (AMR) technology segment will dominate the magnetic sensor market over the forecast period. AMR technology is favored for its high sensitivity, accuracy, and cost-effectiveness, making it ideal for use in automotive, consumer electronics, and industrial applications. The growing demand for efficient, reliable, and miniaturized sensors in these sectors drives the adoption of AMR technology. Additionally, advancements in AMR sensor design and manufacturing processes are enhancing their performance and expanding their application scope, further supporting the segment's growth in the coming years.

The speed sensing segment will capture a significant share of the magnetic sensor market by 2032. Speed sensors are critical in automotive systems, where they monitor wheel speed, engine speed, and transmission speed, contributing to vehicle safety and performance. The increasing adoption of electric vehicles (EVs) and the development of autonomous driving technologies are boosting the demand for advanced speed sensors. Moreover, the integration of speed sensing in industrial automation and robotics, where precise speed measurement is crucial, is expected to propel the segment's growth during the forecast period.

Europe will lead Global magnetic sensor market from 2024 to 2032, driven by a well-established automotive industry, significant investment in research and development, and strong demand for advanced industrial solutions. The region's focus on innovation, particularly in the automotive and industrial sectors, fuels the adoption of magnetic sensors. Additionally, stringent regulatory standards for safety and environmental sustainability are prompting manufacturers to integrate advanced sensor technologies into their products. The presence of key players in the region and government support for technological advancements further contribute to the robust growth of the magnetic sensor market in Europe.

Product Code: 2994

Chapter 1 Scope and Methodology

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast parameters
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Technology and innovation landscape
3.4 Patent analysis
3.5 Key news and initiatives
3.6 Regulatory landscape
3.7 Impact forces
3.8 Growth drivers
- 3.8.1 Rising demand in automotive sector
- 3.8.2 Expansion in consumer electronics
- 3.8.3 Industrial automation advancements
- 3.8.4 Emerging IoT applications
- 3.8.5 Technological innovations
3.9 Industry pitfalls and challenges
- 3.9.1 Price competition
- 3.9.2 Supply chain disruptions
3.10 Growth potential analysis
3.11 Porter's analysis
- 3.11.1 Supplier power
- 3.11.2 Buyer power
- 3.11.3 Threat of new entrants
- 3.11.4 Threat of substitutes
- 3.11.5 Industry rivalry
3.12 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Technology, 2021 - 2032 (USD Million and Units)

5.1 Key trends
5.2 Hall-effect
5.3 AMR
5.4 GMR
5.5 TMR
5.6 Others

Chapter 6 Market Estimates and Forecast, By Application, 2021 - 2032 (USD Million and Units)

6.1 Key trends
6.2 Speed sensing
6.3 Position sensing
6.4 Detection/ NDT
6.5 Navigation and electronic compass
6.6 Others

Chapter 7 Market Estimates and Forecast, By End use, 2021 - 2032 (USD Million and Units)

7.1 Key trends
7.2 Aerospace
7.3 Automotive
7.4 Consumer electronics
7.5 Industrial
7.6 Others

Chapter 8 Market Estimates and Forecast, By Region, 2021 - 2032 (USD Million and Units)

8.1 Key trends
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Rest of Asia Pacific
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
8.6 MEA
- 8.6.1 UAE
- 8.6.2 Saudi Arabia
- 8.6.3 South Africa
- 8.6.4 Rest of MEA

Chapter 9 Company Profiles

9.1 ABLIC Inc.
9.2 Allegro MicroSystems, LLC
9.3 ALPS ALPINE CO., LTD.
9.4 Amphenol Corporation
9.5 ams AG
9.6 Analog Devices, Inc.
9.7 Asahi Kasei Microdevices Corporation
9.8 Robert Bosch GmbH
9.9 Coto Technology
9.10 Crocus Technology
9.11 Diodes Incorporated
9.12 Honeywell International Inc.
9.13 iC-Haus GmbH
9.14 Infineon Technologies AG
9.15 Littelfuse, Inc.
9.16 Magnetic Sensors Corporation
9.17 Melexis NV
9.18 MEMSIC, Inc.
9.19 Monolithic Power Systems, Inc.
9.20 MultiDimension Technology Co., Ltd.
9.21 NVE Corporation
9.22 NXP Semiconductors N.V.
9.23 OMRON Corporation
9.24 RLS merilna tehnika d.o.o.
9.25 ROHM Co., Ltd.
9.26 Sensata Technologies, Inc.
9.27 Silicon Laboratories Inc.
9.28 Standex Electronics, Inc.
9.29 STMicroelectronics N.V.
9.30 Taiwan Semiconductor Manufacturing Company, Limited
9.31 TDK Corporation
9.32 TE Connectivity Ltd.
9.33 Texas Instruments Incorporated
9.34 Toshiba Corporation
9.35 TT Electronics plc