Magnetic Sensor Global Market Report 2026

A magnetic sensor is a device designed to transform the intensity and variations of a magnetic field into electric signals. These sensors find frequent application in security and military contexts, where they are utilized for detecting, distinguishing, and localizing ferromagnetic and conducting objects, as well as for antitheft systems. Additionally, magnetic sensors can gauge the magnitude of magnetism and geomagnetism caused by magnets or currents.

The primary types of magnetic sensors include Hall effect sensors, magnetoresistive sensors, squid sensors, and flux gate sensors. A Hall effect sensor is an electronic device that identifies the Hall effect and converts its observations into electronic data. These sensors cover various ranges, including low field sensors (<1 microgauss), earth field sensors (1 microgauss-10 gauss), and bias magnetic field sensors (>10 gausses). They are employed in applications such as speed sensors, detection or non-destructive testing (NDT), position sensors, navigation and electronic compasses, and flow rate sensors across industries such as automotive, aerospace and defense, industrial, consumer electronics, banking, financial services, and insurance (BFSI), as well as other end-user sectors.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have influenced the magnetic sensor market by increasing the cost of imported semiconductor wafers, specialty magnetic materials, and precision electronic components used in sensor manufacturing. Automotive, aerospace and defense, and industrial segments in North America, Europe, and Asia-Pacific have experienced higher procurement costs and extended lead times. However, tariffs are also stimulating regional production of advanced magnetic materials, fostering localized supply chains, and encouraging innovation in cost-efficient magnetic sensing technologies to strengthen long-term market stability.

The magnetic sensor market research report is one of a series of new reports from The Business Research Company that provides magnetic sensor market statistics, including magnetic sensor industry global market size, regional shares, competitors with magnetic sensor market share, detailed magnetic sensor market segments, market trends, and opportunities, and any further data you may need to thrive in the magnetic sensor industry. This magnetic sensor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The magnetic sensor market size has grown strongly in recent years. It will grow from $4.07 billion in 2025 to $4.35 billion in 2026 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to growth in automotive sensing applications, early use in security and military detection, increasing adoption in geomagnetic measurement, reliance on hall effect and magnetoresistive technologies, expansion of industrial monitoring systems.

The magnetic sensor market size is expected to see strong growth in the next few years. It will grow to $5.68 billion in 2030 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to rising demand for tmr and advanced magnetoresistive sensors, increasing adoption in navigation and electronic compasses, growth in ndt and inspection applications, expansion in automotive adas systems, development of high-sensitivity magnetic field sensing technologies. Major trends in the forecast period include adoption of intelligent magnetic field measurement systems, integration of IoT-connected magnetic sensors, advancement of AI-enhanced magnetism detection platforms, development of automated industrial magnetic monitoring, expansion of digitally controlled sensor architectures.

The increasing number of IoT-linked devices is expected to drive the growth of the magnetic sensor market going forward. IoT-linked devices are nonstandard computing devices that connect wirelessly to a network and transmit data. Magnetic sensors are essential components in many IoT-linked devices, playing a key role in detecting and measuring magnetic fields, which makes them versatile tools for various applications. For example, according to IoT Analytics, a Germany-based provider of strategic business intelligence for IoT, the total number of connected IoT devices worldwide reached 16.6 billion by the end of 2023 (an increase of roughly 15% over 2022) and is projected to grow by about 13% to 18.8 billion by the end of 2024. Therefore, the increasing number of IoT-linked devices is driving the growth of the magnetic sensor market.

Major companies in the magnetic sensor market are concentrating on introducing innovative products, including linear magnetic field sensors, to gain a competitive advantage. Multidimension Technology Co Ltd., a China-based provider of magnetic sensors, launched the TMR265x Programmable TMR Linear Sensors in May 2023. These sensors are uniquely designed for high-speed current sensing applications in power electronics, featuring a 2MHz bandwidth ideal for monitoring currents in silicon-carbide (SiC) and gallium-nitride (GaN) power switches. The TMR265x sensors offer excellent temperature stability and can be programmed to provide customizable sensitivity with a measurement range of up to +-1000 Gauss.

In August 2023, Allegro MicroSystems Inc., a US-based provider of advanced semiconductor technology and application-specific algorithms, acquired Crocus Technology for $420 million. This acquisition is expected to bolster Allegro's innovation in TMR sensing technology and expand its sales into new markets. Crocus Technology, a US-based manufacturer specializing in integrated magnetic field sensors, will contribute to Allegro's advancements in this domain.

Major companies operating in the magnetic sensor market are TE Connectivity Ltd., NXP Semiconductors N.V, Texas Instruments Incorporated, STMicroelectronics N.V., Melexis NV, Infineon Technologies AG, TDK Corporation, Allegro MicroSystems LLC, Asahi Kasei Corporation, Honeywell International Inc., NVE Corporation, AMS AG, Robert Bosch GmbH, Kohshin Electric Corporation, Micronas Semiconductor Holding AG, Sensitec GmbH, Murata Manufacturing Co. Ltd., Baumer Ltd., Elmos Semiconductor AG, Analog Devices Inc., Crocus Technology, Omron Corporation, Diodes Incorporated, Silicon Labs Inc., Pepperl+Fuchs International GmbH

Asia-Pacific was the largest region in the magnetic sensor market in 2025. The regions covered in the magnetic sensor market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the magnetic sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The magnetic sensor market consists of sales of hall sensors, semiconducting magneto resistors, ferromagnetic magneto resistors, superconducting quantum interference devices (SQUID), resonant sensors, and induction magnetometers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Magnetic Sensor Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses magnetic sensor market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for magnetic sensor ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The magnetic sensor market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Hall Effect Sensors; Magnetoresistive Sensors; Squid Sensors; Flux Gate Sensors
• 2) By Range: Low Field Sensors (<1 Microgauss); Earth Field Sensors (1 Microgauss-10 Gauss); Bias Magnetic Field Sensors (>10 Gauss)
• 3) By Application: Speed Sensor; Detection Or Non-Destructive Testing(NDT); Position Sensor; Navigation And Electronic Compass; Flow Rate Sensor
• 4) By End User: Automotive; Aerospace And Defense; Industrial; Consumer Electronics; Banking, Financial Services, And Insurance (BFSI); Other End Users
• Subsegments:
• 1) By Hall Effect Sensors: Linear Hall Effect Sensors; Latch Hall Effect Sensors; Rotary Hall Effect Sensors
• 2) By Magnetoresistive Sensors: Anisotropic Magnetoresistive (AMR) Sensors; Giant Magnetoresistive (GMR) Sensors; Tunnel Magnetoresistive (TMR) Sensors
• 3) By SQUID Sensors: DC SQUIDs (Direct Current Superconducting Quantum Interference Devices); RF SQUIDs (Radio Frequency Superconducting Quantum Interference Devices)
• 4) By Flux Gate Sensors: 2D Flux Gate Sensors; 3D Flux Gate Sensors
• Companies Mentioned: TE Connectivity Ltd.; NXP Semiconductors N.V; Texas Instruments Incorporated; STMicroelectronics N.V.; Melexis NV; Infineon Technologies AG; TDK Corporation; Allegro MicroSystems LLC; Asahi Kasei Corporation; Honeywell International Inc.; NVE Corporation; AMS AG; Robert Bosch GmbH; Kohshin Electric Corporation; Micronas Semiconductor Holding AG; Sensitec GmbH; Murata Manufacturing Co. Ltd.; Baumer Ltd.; Elmos Semiconductor AG; Analog Devices Inc.; Crocus Technology; Omron Corporation; Diodes Incorporated; Silicon Labs Inc.; Pepperl+Fuchs International GmbH
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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