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Magnetic Sensors Market Report by Technology (Hall Effect Sensor, Magnetoresistive Sensor, Squid Sensor, Fluxgate Sensor, and Others), Application (Speed Sensing, Detection, Position Sensing, Navigation, and Others), End Use (Aerospace and Defense, Automo

Published Sep 01, 2025
SKU # IMRC20416237

Description

The global magnetic sensors market size reached USD 4.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 8.2 Billion by 2033, exhibiting a growth rate (CAGR) of 6.13% during 2025-2033. The growing demand for automotive safety features is stimulating the market.

Magnetic Sensors Market Trends:

Growing Demand for High-Precision Sensors

Magnetic sensors are increasingly required for applications that demand high accuracy in position, motion, and angle detection. In contrast, industries such as automotive, industrial automation, and consumer electronics rely on these sensors to provide precise measurements, thereby improving overall performance and efficiency in complex operational environments. For instance, in January 2024, Infineon Technologies launched the XENSIV TLI5590-A6W, a high-precision TMR magnetic position sensor. It is ideal for industrial and consumer applications, especially in harsh environments with temperatures up to +125°C, featuring ultra-high sensitivity, low power consumption, and accuracy better than 10 µm.

Increasing Use in Safety Applications

The adoption of magnetic sensors in safety-critical applications is rising due to their ability to provide reliable and redundant measurements. Moreover, these sensors are used in environments where accurate position detection is vital, such as in automotive safety systems and industrial machinery, thereby ensuring enhanced operational safety and system reliability. For instance, in June 2024, TDK launched the TAS8240, a compact, redundant TMR angle sensor designed for automotive and industrial safety-critical applications. Also, it enhances rotor position measurement in power steering and traction motors, offering a high accuracy of ±1.0° and stability across temperature and magnetic-field ranges.

Rising Focus on Energy-Efficient Solutions

Magnetic sensors are being designed with ultra-low power requirements with the need for longer battery life and reduced power consumption in devices. Furthermore, this makes them ideal for battery-powered applications across various sectors, thereby enabling efficient energy management without compromising the performance of sensors in detecting and processing magnetic field data. For instance, in June 2024, MultiDimension Technology (MDT) introduced the AMR132x and AMR134x magnetic switch sensor series. These sensors offer 360° magnetic field detection, ultra-low power consumption, and high-speed operation, enhancing applications like magnetic tamper detection in utility meters and pneumatic cylinder position sensing.

Global Magnetic Sensors Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with the magnetic sensors market forecast at the global, regional, and country levels for 2025-2033. 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
The report has provided a detailed breakup and analysis of the market based on the technology. This includes hall effect sensor, magnetoresistive sensor, squid sensor, fluxgate sensor, and others.

Magnetic sensor technology includes hall effect sensor for position sensing, magnetoresistive sensor for weak magnetic fields. In contrast, SQUID sensor for precision in scientific applications, and fluxgate sensor for detecting Earth’s magnetic fields. Meanwhile, others technology also enhances performance in various industrial and automotive applications.

Breakup by Application:
  • Speed Sensing
  • Detection
  • Position Sensing
  • Navigation
  • Others
The report has provided a detailed breakup and analysis of the market based on the application. This includes speed sensing, detection, position sensing, navigation, and others.

Magnetic sensors are widely used in applications like speed sensing, detection, and position sensing. On the contrary, they accurately measure the rotational speed of shafts in automotive and industrial machinery. Furthermore, navigation systems detect magnetic fields for orientation, while others use include proximity detection and flow measurement in various industries.

Breakup by End Use:
  • Aerospace and Defense
  • Automotive
  • Consumer Electronics
  • Healthcare
  • Others
The report has provided a detailed breakup and analysis of the market based on the end use. This includes aerospace and defense, automotive, consumer electronics, healthcare, and others.

In aerospace and defense magnetic sensors enhance navigation systems and vehicle control and in automotive, they are critical for detecting position and speed. In contrast, consumer electronics rely on them for motion sensing in devices and healthcare utilizes magnetic sensors for imaging and diagnostics, while others industry use them in automation and industrial machinery.

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
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.

As per the market overview, Asia Pacific is driven by strong demand for automotive and consumer electronics. In contrast, Europe and North America focus on industrial automation and healthcare applications. Moreover, Latin America sees steady growth with increasing investments in infrastructure and energy sectors. Meanwhile, the Middle East and Africa are gradually adopting magnetic sensors in oil, gas, and renewable energy projects, contributing to market expansion.

Competitive Landscape:

The magnetic sensors market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all market companies have also been provided. Some of the key players in the market include:
  • 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
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
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