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Magnetic Sensors Market Report by Technology, Application, End Use, and Region 2024-2032

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    Report

  • 141 Pages
  • August 2024
  • Region: Global
  • IMARC Group
  • ID: 5911764
Description Jump to:
The global magnetic sensors market size reached US$ 4.2 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 7.8 Billion by 2032, exhibiting a growth rate (CAGR) of 7.12% during 2023-2032.

Magnetic sensors are used to detect the magnitude of magnetism and geomagnetism produced by a magnet or current. They are widely available in several types with unique features. For instance, coils are the simplest magnetic sensors that can detect changes in the magnetic flux density. Moreover, miniature magnetic sensors are gaining traction across the globe for advanced intelligent measurement and control systems. At present, several manufacturers are introducing magnetic sensors with high precision for industrial applications, such as inverters and drives or battery management.

Magnetic Sensors Market Trends:

Magnetic sensors offer advantages, such as allowing contactless and wear-free measurement of mechanical quantities like the angle of rotation and speed. As they are robust and economical, the escalating demand for vehicles across the globe represents one of the significant factors driving the adoption of magnetic sensors in the automotive industry. In addition, with the advent of giant magnetoresistance (GMR) thin-film systems, manufacturers are focusing on developing a new generation of magnetic sensors that provides advantages, including large working distances and precise angular position measurement. Apart from this, magnetic sensors are being widely utilized in the military field to detect vehicles or other events in monitored areas.

The rising crime rates and cross-border security issues are also bolstering the market growth. Moreover, the growing prevalence of medical conditions is influencing the usage of magnetic field sensors in the biomedical sector for manufacturing point-of-care (POC) devices. Furthermore, magnetoelectric (ME) composites with high coefficients can be utilized to make sensitive magnetic field sensors for next-generation multifunctional devices. Such advancements are anticipated to expand the applications of magnetic sensors in robotics, space equipment, and industrial measurements worldwide.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global magnetic sensors market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on technology, application and end use.

Breakup by Technology:

  • Hall Effect Sensor
  • Magnetoresistive Sensor
  • Squid Sensor
  • Fluxgate Sensor
  • Others

Breakup by Application:

  • Speed Sensing
  • Detection
  • Position Sensing
  • Navigation
  • Others

Breakup by End Use:

  • Aerospace and Defense
  • Automotive
  • Consumer Electronics
  • Healthcare
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Amphenol Corporation, Analog Devices Inc., Asahi Kasei Microdevices Corporation (Asahi Kasei Corporation), Honeywell International Inc., Infineon Technologies AG, NXP semiconductors N.V., Schneider Electric, ST Microelectronics, TDK Corporation, TE Connectivity and Texas Instruments Incorporated.

Key Questions Answered in This Report:

  • How has the global magnetic sensors market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global magnetic sensors market?
  • What are the key regional markets?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end use?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global magnetic sensors market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Magnetic Sensors Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Technology
6.1 Hall Effect Sensor
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Magnetoresistive Sensor
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Squid Sensor
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Fluxgate Sensor
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Application
7.1 Speed Sensing
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Detection
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Position Sensing
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Navigation
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by End Use
8.1 Aerospace and Defense
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Automotive
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Consumer Electronics
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Healthcare
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Amphenol Corporation
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Analog Devices Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Asahi Kasei Microdevices Corporation (Asahi Kasei Corporation)
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Honeywell International Inc.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Infineon Technologies AG
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 NXP semiconductors N.V.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Schneider Electric
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 ST Microelectronics
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 TDK Corporation
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 TE Connectivity
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Texas Instruments Incorporated
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
List of Figures
Figure 1: Global: Magnetic Sensors Market: Major Drivers and Challenges
Figure 2: Global: Magnetic Sensors Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Magnetic Sensors Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Magnetic Sensors Market: Breakup by Technology (in %), 2023
Figure 5: Global: Magnetic Sensors Market: Breakup by Application (in %), 2023
Figure 6: Global: Magnetic Sensors Market: Breakup by End Use (in %), 2023
Figure 7: Global: Magnetic Sensors Market: Breakup by Region (in %), 2023
Figure 8: Global: Magnetic Sensors (Hall Effect Sensor) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Magnetic Sensors (Hall Effect Sensor) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Magnetic Sensors (Magnetoresistive Sensor) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Magnetic Sensors (Magnetoresistive Sensor) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Magnetic Sensors (Squid Sensor) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Magnetic Sensors (Squid Sensor) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Magnetic Sensors (Fluxgate Sensor) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Magnetic Sensors (Fluxgate Sensor) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Magnetic Sensors (Other Technologies) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Magnetic Sensors (Other Technologies) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Magnetic Sensors (Speed Sensing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Magnetic Sensors (Speed Sensing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Magnetic Sensors (Detection) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Magnetic Sensors (Detection) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Magnetic Sensors (Position Sensing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Magnetic Sensors (Position Sensing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Magnetic Sensors (Navigation) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Magnetic Sensors (Navigation) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Magnetic Sensors (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Magnetic Sensors (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Magnetic Sensors (Aerospace and Defense) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Magnetic Sensors (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Magnetic Sensors (Automotive) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Magnetic Sensors (Automotive) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Magnetic Sensors (Consumer Electronics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Magnetic Sensors (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Magnetic Sensors (Healthcare ) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Magnetic Sensors (Healthcare ) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Global: Magnetic Sensors (Other End Uses) Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Global: Magnetic Sensors (Other End Uses) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: North America: Magnetic Sensors Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: North America: Magnetic Sensors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: United States: Magnetic Sensors Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: United States: Magnetic Sensors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Canada: Magnetic Sensors Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Canada: Magnetic Sensors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Asia-Pacific: Magnetic Sensors Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Asia-Pacific: Magnetic Sensors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: China: Magnetic Sensors Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: China: Magnetic Sensors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Japan: Magnetic Sensors Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Japan: Magnetic Sensors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: India: Magnetic Sensors Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: India: Magnetic Sensors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: South Korea: Magnetic Sensors Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: South Korea: Magnetic Sensors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Australia: Magnetic Sensors Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Australia: Magnetic Sensors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Indonesia: Magnetic Sensors Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Indonesia: Magnetic Sensors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Others: Magnetic Sensors Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Others: Magnetic Sensors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Europe: Magnetic Sensors Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Europe: Magnetic Sensors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Germany: Magnetic Sensors Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Germany: Magnetic Sensors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: France: Magnetic Sensors Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: France: Magnetic Sensors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: United Kingdom: Magnetic Sensors Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: United Kingdom: Magnetic Sensors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Italy: Magnetic Sensors Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Italy: Magnetic Sensors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Spain: Magnetic Sensors Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Spain: Magnetic Sensors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Russia: Magnetic Sensors Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Russia: Magnetic Sensors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Others: Magnetic Sensors Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Others: Magnetic Sensors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Latin America: Magnetic Sensors Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Latin America: Magnetic Sensors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Brazil: Magnetic Sensors Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Brazil: Magnetic Sensors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Mexico: Magnetic Sensors Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Mexico: Magnetic Sensors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Others: Magnetic Sensors Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Others: Magnetic Sensors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Middle East and Africa: Magnetic Sensors Market: Sales Value (in Million US$), 2018 & 2023
Figure 85: Middle East and Africa: Magnetic Sensors Market: Breakup by Country (in %), 2023
Figure 86: Middle East and Africa: Magnetic Sensors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 87: Global: Magnetic Sensors Industry: SWOT Analysis
Figure 88: Global: Magnetic Sensors Industry: Value Chain Analysis
Figure 89: Global: Magnetic Sensors Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Magnetic Sensors Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Magnetic Sensors Market Forecast: Breakup by Technology (in Million US$), 2024-2032
Table 3: Global: Magnetic Sensors Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 4: Global: Magnetic Sensors Market Forecast: Breakup by End Use (in Million US$), 2024-2032
Table 5: Global: Magnetic Sensors Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Magnetic Sensors Market: Competitive Structure
Table 7: Global: Magnetic Sensors Market: Key Players

Companies Mentioned

  • Amphenol Corporation
  • Analog Devices Inc.
  • Asahi Kasei Microdevices Corporation (Asahi Kasei Corporation)
  • Honeywell International Inc.
  • Infineon Technologies AG
  • NXP semiconductors N.V.
  • Schneider Electric
  • ST Microelectronics
  • TDK Corporation
  • TE Connectivity
  • Texas Instruments Incorporated

Methodology

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Table Information

Report AttributeDetails
No. of Pages141
PublishedAugust 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 4.2 Billion
Forecasted Market Value ( USD ) by 2032 $ 7.8 Billion
Compound Annual Growth Rate7.1%
Regions CoveredGlobal
No. of Companies Mentioned11

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