The Market Reports

Synopsis
The global market for Magnetic Sensor was estimated to be worth US$ 2843 million in 2024 and is forecast to a readjusted size of US$ 4040 million by 2031 with a CAGR of 4.9% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Magnetic Sensor cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
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 report counts the magnetic sensor ICs market.
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 aims to provide a comprehensive presentation of the global market for Magnetic Sensor, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Magnetic Sensor by region & country, by Type, and by Application.
The Magnetic Sensor market size, estimations, and forecasts are provided in terms of sales volume (Million Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Magnetic Sensor.
Market Segmentation
By Company
Allegro MicroSystem
Melexis
Infineon
TDK
Asahi Kasei Microdevices
NXP
ams OSRAM
Texas Instruments
Diodes
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
ANGSemi Microelectronics
Segment by Type
Hall Effect Type
AMR Type
GMR Type
TMR Type
Others
Segment by Application
Automotive and Transportation
Consumer Electronics
Industrial and Energy
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Magnetic Sensor manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Magnetic Sensor in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Magnetic Sensor in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index