Global Magnetic Field Sensors Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031
Description
According to our (Global Info Research) latest study, the global Magnetic Field Sensors market size was valued at US$ 2925 million in 2024 and is forecast to a readjusted size of USD 4130 million by 2031 with a CAGR of 4.8% during review period.
A magnetic sensor is a device capable of detecting magnets, as well as the strength and direction of magnetic fields generated by electric currents or the Earth's magnetic field. Magnetic fields exist all around us, though invisible to the naked eye, but we can detect them using magnetic sensors. Although they are all called magnetic sensors, they actually encompass a variety of types.
Hall elements are components made using the Hall effect, spelled as "Hall" in English. The term "Hall" originates from the name of Dr. Hall, who discovered the Hall effect. The Hall effect refers to the phenomenon where a voltage difference is generated perpendicular to both the current and the magnetic field lines when a magnetic field is applied perpendicular to the direction of current flow. When current passes through a semiconductor film, according to the Hall effect, a voltage corresponding to the magnetic flux density and its direction is produced. Components that detect magnetic fields based on the Hall effect are called Hall elements. Even for static magnetic fields where the magnetic flux does not change, Hall elements can detect their presence, making them suitable for various applications such as non-contact switches used with magnets, angle sensors, and current sensors. Geomagnetic sensors using Hall elements are widely used in smartphones and other fields.
Magnetoresistive elements are components made from materials that can change their resistance value under the influence of an external magnetic field. There are four types of magnetoresistive elements: besides semiconductor magnetoresistive elements (SMR elements), they also include anisotropic magnetoresistive (AMR) elements, giant magnetoresistive (GMR) elements, and tunnel magnetoresistive (TMR) elements, all generated using strong magnetic thin films. This article is based on the market statistics of magnetic sensor chips.
The significant growth of the global magnetic sensor market is primarily driven by the continuous demand in sectors such as consumer electronics, automotive electronics, and industrial automation, as well as the application of emerging technologies. For instance, in smartphones, magnetic sensors are used for screen auto-rotation and wireless charging functionalities; in electric vehicles, they are applied in battery management and motor control. Additionally, with the rapid development of the smart home market, magnetic sensors are increasingly being used in smart locks and smart appliances, further boosting market demand.
Regionally, the Asia-Pacific region is the largest market for magnetic sensors, accounting for approximately 46.72% of the sales share in 2024; North America and Europe follow, with shares of 24.58% and 21.85% respectively; other regions such as the Middle East, Africa, and Latin America account for the remaining 6.85%. Key countries in the Asia-Pacific region include China, Japan, Southeast Asia, and India. China, as the world's largest single market, has a particularly strong demand for magnetic sensors in areas such as consumer electronics, automotive manufacturing, and industrial automation, especially in the fields of electric vehicles and smart homes. Japan has strong technological advantages in high-end manufacturing and electronics, with a significant demand for high-performance magnetic sensors, particularly in robotics and medical equipment. The markets in Southeast Asia and India are also growing rapidly, especially in consumer electronics such as smartphones and smart homes, indicating substantial market potential in these countries.
Currently, the magnetic sensor market is dominated by Hall Effect Sensors, Anisotropic Magnetoresistance (AMR) sensors, Giant Magnetoresistance (GMR) sensors, and Tunnel Magnetoresistance (TMR) sensors. In 2024, Hall Effect Sensors accounted for approximately 64.08% of the global sales market share, widely used in consumer electronics and automotive electronics due to their low cost and stable performance. AMR sensors held about 15.64% of the market, primarily used for high-precision measurements and industrial applications, such as position detection and speed control in industrial automation production lines. GMR sensors accounted for about 6.16% of the market, suitable for high-sensitivity detection, such as in hard disk drive read heads. TMR sensors held approximately 13.85% of the market, gradually replacing traditional technologies in high-end applications due to their extremely high sensitivity and low power consumption, especially in aerospace, military, and medical imaging equipment. Future market trends indicate that with technological advancements and cost reductions, TMR sensors are expected to become the fastest-growing segment, with their market share projected to increase further by 2031.
The downstream applications of magnetic sensors are extensive, mainly including consumer electronics, automotive and transportation, industrial and energy, and medical devices. In consumer electronics, magnetic sensors are widely used in smartphones, tablets, and smartwatches for functionalities such as screen auto-rotation and wireless charging. In automotive electronics, they are used in critical components like battery management, motor control, and anti-lock braking systems (ABS), with market demand continuing to grow, especially driven by the development of electric vehicles and autonomous driving technologies. In industrial automation, magnetic sensors play a crucial role in industrial robots and automated production lines for position detection and speed control, with broad application prospects, particularly in the context of smart manufacturing and Industry 4.0. In medical devices, magnetic sensors are used in medical imaging equipment and wearable health monitoring devices, providing high-precision biological signal detection.
The industry's driving forces mainly come from four aspects: technological innovation, emerging applications, policy support, and environmental requirements. In terms of technological innovation, the continuous emergence of new materials and processes, such as breakthroughs in TMR technology, has led to significant improvements in the sensitivity, power consumption, and size of magnetic sensors, enabling more application scenarios. In terms of emerging applications, with the development of new technologies such as the Internet of Things (IoT), artificial intelligence (AI), and 5G communication, the application scenarios of magnetic sensors will further expand, especially in smart cities, smart homes, and smart transportation. In terms of policy support, government policies supporting new energy vehicles and smart manufacturing in various countries provide a favorable development environment for the magnetic sensor market, promoting the research and application of related technologies. In terms of environmental requirements, with increasing environmental awareness, the application of magnetic sensors in energy conservation and emission reduction will receive more attention, such as in energy management systems, helping to improve energy efficiency and reduce carbon emissions.
Overall, the magnetic sensor industry is in a stage of rapid development, with an expanding market size, continuous technological innovation, and increasingly diverse application scenarios. The Asia-Pacific region will continue to lead the global market, with countries such as China, Japan, Southeast Asia, and India maintaining strong growth momentum in the coming years. Hall Effect Sensors still hold a significant market share, but with the rise of xMR new technologies, the market landscape will gradually change. The diversified demand from downstream markets and technological advancements will be important forces driving industry development. In the future, magnetic sensors will play a key role in more fields, becoming an indispensable part of a smart society. The magnetic sensor industry has broad prospects, with strong development potential and vast market space, and is expected to encounter more development opportunities and challenges in the next decade.
This report is a detailed and comprehensive analysis for global Magnetic Field Sensors market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Magnetic Field Sensors market size and forecasts, in consumption value ($ Million), sales quantity (Million Units), and average selling prices (US$/Unit), 2020-2031
Global Magnetic Field Sensors market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Million Units), and average selling prices (US$/Unit), 2020-2031
Global Magnetic Field Sensors market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Million Units), and average selling prices (US$/Unit), 2020-2031
Global Magnetic Field Sensors market shares of main players, shipments in revenue ($ Million), sales quantity (Million Units), and ASP (US$/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Magnetic Field Sensors
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Magnetic Field Sensors market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Allegro MicroSystem, Melexis, Infineon, TDK, Asahi Kasei Microdevices, NXP, ams OSRAM, Texas Instruments, Diodes, Suzhou Novosense Microelectronics, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Magnetic Field Sensors market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Hall Effect
AMR
GMR
TMR
Others
Market segment by Application
Automotive and Transportation
Consumer Electronics
Industrial and Energy
Others
Major players covered
Allegro MicroSystem
Melexis
Infineon
TDK
Asahi Kasei Microdevices
NXP
ams OSRAM
Texas Instruments
Diodes
Suzhou Novosense Microelectronics
Honeywell
TE Connectivity
Shanghai Orient-Chip Technology
MEMSIC Semiconductor
Analog Devices
Semiment Technology
Ningbo Sinomags Electrical Technology
Murata
Cosemitech
Senksemi-electronics
MultiDimension Technology
QST Corporation
CrossChip Microsystems
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Magnetic Field Sensors product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Magnetic Field Sensors, with price, sales quantity, revenue, and global market share of Magnetic Field Sensors from 2020 to 2025.
Chapter 3, the Magnetic Field Sensors competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Magnetic Field Sensors breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Magnetic Field Sensors market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Magnetic Field Sensors.
Chapter 14 and 15, to describe Magnetic Field Sensors sales channel, distributors, customers, research findings and conclusion.
A magnetic sensor is a device capable of detecting magnets, as well as the strength and direction of magnetic fields generated by electric currents or the Earth's magnetic field. Magnetic fields exist all around us, though invisible to the naked eye, but we can detect them using magnetic sensors. Although they are all called magnetic sensors, they actually encompass a variety of types.
Hall elements are components made using the Hall effect, spelled as "Hall" in English. The term "Hall" originates from the name of Dr. Hall, who discovered the Hall effect. The Hall effect refers to the phenomenon where a voltage difference is generated perpendicular to both the current and the magnetic field lines when a magnetic field is applied perpendicular to the direction of current flow. When current passes through a semiconductor film, according to the Hall effect, a voltage corresponding to the magnetic flux density and its direction is produced. Components that detect magnetic fields based on the Hall effect are called Hall elements. Even for static magnetic fields where the magnetic flux does not change, Hall elements can detect their presence, making them suitable for various applications such as non-contact switches used with magnets, angle sensors, and current sensors. Geomagnetic sensors using Hall elements are widely used in smartphones and other fields.
Magnetoresistive elements are components made from materials that can change their resistance value under the influence of an external magnetic field. There are four types of magnetoresistive elements: besides semiconductor magnetoresistive elements (SMR elements), they also include anisotropic magnetoresistive (AMR) elements, giant magnetoresistive (GMR) elements, and tunnel magnetoresistive (TMR) elements, all generated using strong magnetic thin films. This article is based on the market statistics of magnetic sensor chips.
The significant growth of the global magnetic sensor market is primarily driven by the continuous demand in sectors such as consumer electronics, automotive electronics, and industrial automation, as well as the application of emerging technologies. For instance, in smartphones, magnetic sensors are used for screen auto-rotation and wireless charging functionalities; in electric vehicles, they are applied in battery management and motor control. Additionally, with the rapid development of the smart home market, magnetic sensors are increasingly being used in smart locks and smart appliances, further boosting market demand.
Regionally, the Asia-Pacific region is the largest market for magnetic sensors, accounting for approximately 46.72% of the sales share in 2024; North America and Europe follow, with shares of 24.58% and 21.85% respectively; other regions such as the Middle East, Africa, and Latin America account for the remaining 6.85%. Key countries in the Asia-Pacific region include China, Japan, Southeast Asia, and India. China, as the world's largest single market, has a particularly strong demand for magnetic sensors in areas such as consumer electronics, automotive manufacturing, and industrial automation, especially in the fields of electric vehicles and smart homes. Japan has strong technological advantages in high-end manufacturing and electronics, with a significant demand for high-performance magnetic sensors, particularly in robotics and medical equipment. The markets in Southeast Asia and India are also growing rapidly, especially in consumer electronics such as smartphones and smart homes, indicating substantial market potential in these countries.
Currently, the magnetic sensor market is dominated by Hall Effect Sensors, Anisotropic Magnetoresistance (AMR) sensors, Giant Magnetoresistance (GMR) sensors, and Tunnel Magnetoresistance (TMR) sensors. In 2024, Hall Effect Sensors accounted for approximately 64.08% of the global sales market share, widely used in consumer electronics and automotive electronics due to their low cost and stable performance. AMR sensors held about 15.64% of the market, primarily used for high-precision measurements and industrial applications, such as position detection and speed control in industrial automation production lines. GMR sensors accounted for about 6.16% of the market, suitable for high-sensitivity detection, such as in hard disk drive read heads. TMR sensors held approximately 13.85% of the market, gradually replacing traditional technologies in high-end applications due to their extremely high sensitivity and low power consumption, especially in aerospace, military, and medical imaging equipment. Future market trends indicate that with technological advancements and cost reductions, TMR sensors are expected to become the fastest-growing segment, with their market share projected to increase further by 2031.
The downstream applications of magnetic sensors are extensive, mainly including consumer electronics, automotive and transportation, industrial and energy, and medical devices. In consumer electronics, magnetic sensors are widely used in smartphones, tablets, and smartwatches for functionalities such as screen auto-rotation and wireless charging. In automotive electronics, they are used in critical components like battery management, motor control, and anti-lock braking systems (ABS), with market demand continuing to grow, especially driven by the development of electric vehicles and autonomous driving technologies. In industrial automation, magnetic sensors play a crucial role in industrial robots and automated production lines for position detection and speed control, with broad application prospects, particularly in the context of smart manufacturing and Industry 4.0. In medical devices, magnetic sensors are used in medical imaging equipment and wearable health monitoring devices, providing high-precision biological signal detection.
The industry's driving forces mainly come from four aspects: technological innovation, emerging applications, policy support, and environmental requirements. In terms of technological innovation, the continuous emergence of new materials and processes, such as breakthroughs in TMR technology, has led to significant improvements in the sensitivity, power consumption, and size of magnetic sensors, enabling more application scenarios. In terms of emerging applications, with the development of new technologies such as the Internet of Things (IoT), artificial intelligence (AI), and 5G communication, the application scenarios of magnetic sensors will further expand, especially in smart cities, smart homes, and smart transportation. In terms of policy support, government policies supporting new energy vehicles and smart manufacturing in various countries provide a favorable development environment for the magnetic sensor market, promoting the research and application of related technologies. In terms of environmental requirements, with increasing environmental awareness, the application of magnetic sensors in energy conservation and emission reduction will receive more attention, such as in energy management systems, helping to improve energy efficiency and reduce carbon emissions.
Overall, the magnetic sensor industry is in a stage of rapid development, with an expanding market size, continuous technological innovation, and increasingly diverse application scenarios. The Asia-Pacific region will continue to lead the global market, with countries such as China, Japan, Southeast Asia, and India maintaining strong growth momentum in the coming years. Hall Effect Sensors still hold a significant market share, but with the rise of xMR new technologies, the market landscape will gradually change. The diversified demand from downstream markets and technological advancements will be important forces driving industry development. In the future, magnetic sensors will play a key role in more fields, becoming an indispensable part of a smart society. The magnetic sensor industry has broad prospects, with strong development potential and vast market space, and is expected to encounter more development opportunities and challenges in the next decade.
This report is a detailed and comprehensive analysis for global Magnetic Field Sensors market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Magnetic Field Sensors market size and forecasts, in consumption value ($ Million), sales quantity (Million Units), and average selling prices (US$/Unit), 2020-2031
Global Magnetic Field Sensors market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Million Units), and average selling prices (US$/Unit), 2020-2031
Global Magnetic Field Sensors market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Million Units), and average selling prices (US$/Unit), 2020-2031
Global Magnetic Field Sensors market shares of main players, shipments in revenue ($ Million), sales quantity (Million Units), and ASP (US$/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Magnetic Field Sensors
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Magnetic Field Sensors market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Allegro MicroSystem, Melexis, Infineon, TDK, Asahi Kasei Microdevices, NXP, ams OSRAM, Texas Instruments, Diodes, Suzhou Novosense Microelectronics, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Magnetic Field Sensors market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Hall Effect
AMR
GMR
TMR
Others
Market segment by Application
Automotive and Transportation
Consumer Electronics
Industrial and Energy
Others
Major players covered
Allegro MicroSystem
Melexis
Infineon
TDK
Asahi Kasei Microdevices
NXP
ams OSRAM
Texas Instruments
Diodes
Suzhou Novosense Microelectronics
Honeywell
TE Connectivity
Shanghai Orient-Chip Technology
MEMSIC Semiconductor
Analog Devices
Semiment Technology
Ningbo Sinomags Electrical Technology
Murata
Cosemitech
Senksemi-electronics
MultiDimension Technology
QST Corporation
CrossChip Microsystems
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Magnetic Field Sensors product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Magnetic Field Sensors, with price, sales quantity, revenue, and global market share of Magnetic Field Sensors from 2020 to 2025.
Chapter 3, the Magnetic Field Sensors competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Magnetic Field Sensors breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Magnetic Field Sensors market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Magnetic Field Sensors.
Chapter 14 and 15, to describe Magnetic Field Sensors sales channel, distributors, customers, research findings and conclusion.
Table of Contents
159 Pages
- 1 Market Overview
- 2 Manufacturers Profiles
- 3 Competitive Environment: Magnetic Field Sensors by Manufacturer
- 4 Consumption Analysis by Region
- 5 Market Segment by Type
- 6 Market Segment by Application
- 7 North America
- 8 Europe
- 9 Asia-Pacific
- 10 South America
- 11 Middle East & Africa
- 12 Market Dynamics
- 13 Raw Material and Industry Chain
- 14 Shipments by Distribution Channel
- 15 Research Findings and Conclusion
- 16 Appendix
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