Market Analysis and Insights: Global Magnetic Field Sensors Market

Magnetic field sensors are used to measure magnetic flux and/or the strength and direction of a magnetic field. They are used mainly in scientific measurement, navigation, and industrial applications. Magnetic field sensors are widely used in automotive, electronics and modern industry to measure the current, position, direction and other physical parameters by induced magnetic field intensity. Magnetic Field Sensorss can be classified according to whether they measure the total magnetic field or the vector components of the magnetic field. The techniques used to produce both types of Magnetic Field Sensorss encompass many aspects of physics and electronics.

Due to the COVID-19 pandemic, the global Magnetic Field Sensors market size is estimated to be worth US$ 3195.6 million in 2022 and is forecast to a readjusted size of US$ 5228.6 million by 2029 with a CAGR of 7.2% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Hall Effect Type Sensors accounting for % of the Magnetic Field Sensors global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Automotive segment is altered to an % CAGR throughout this forecast period.

Top 15 manufacturers hold 85% of market. Asahi Kasei Corporation (Japan), Sanken Electric Co., Ltd. (Japan), Infineon Technologies AG (Germany), NXP Semiconductors N.V. (Netherlands), TDK Corporation (Japan), TE Connectivity Ltd (Switzland), Melexis NV (Belgium) and Robert Bosch GmbH (Germany) are key players in the market.

In terms of the applications segment, the biggest applications are by far automotive and consumer electronics, together captured 75% of total magnetic market.

Global Magnetic Field Sensors Scope and Market Size

The global Magnetic Field Sensors market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Magnetic Field Sensors market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.


Segment by Type


Hall Effect Type Sensors

AMR Type Sensors

GMR Type Sensors

Other Type Sensors


Segment by Application


Automotive

Consumer Electronics

Industrial Applications

Other Type

By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


By Company


Asahi Kasei Corporation (Japan)

Sanken Electric Co., Ltd. (Japan)

Infineon Technologies AG (Germany)

NXP Semiconductors N.V. (Netherlands)

TDK Corporation (Japan)

TE Connectivity Ltd (Switzland)

Melexis NV (Belgium)

Robert Bosch GmbH (Germany)

Analog Devices, Inc. (USA)

AMS AG (Australia)

Honeywell International Inc. (USA)

Alps Electric (Japan)

Diodes

MEMSic, Inc. (USA)

Bartington Instruments Ltd (UK)