Global Magnetic Sensor Market Size & Outlook, 2025-2030
Global magnetic sensor market, 2018-2030 (US$M)
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Global magnetic sensor market highlights
- The global magnetic sensor market generated a revenue of USD 3,029.0 million in 2024 and is expected to reach USD 4,385.1 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 6.4% by 2030.
- In terms of segment, hall effect accounted for a revenue of USD 919.7 million in 2024.
- TMR is the most lucrative technology segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, Japan is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 3,029.0 million |
| Market revenue in 2030 | USD 4,385.1 million |
| Growth rate | 6.4% (CAGR from 2025 to 2030) |
| Largest segment | Hall effect |
| Fastest growing segment | TMR |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hall effect, AMR, GMR, TMR |
Other key industry trends
- In terms of revenue, the North America accounted for 21.7% of the global magnetic sensor market in 2024.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Japan is the fastest growing regional market and is projected to reach USD 625.0 million by 2030.
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Magnetic Sensor Market Scope
Magnetic Sensor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| NVE Corp | View profile | 54 | 11409 Valley View Road, Eden Prarie, MN, United States, 55344 | https://www.nve.com |
| Allegro Microsystems Inc Ordinary Shares | View profile | 4593 | 955 Perimeter Road, Manchester, NH, United States, 03103 | https://www.allegromicro.com |
| Elmos Semiconductor SE | View profile | 1282 | Heinrich-Hertz-Strasse 1, Dortmund, NW, Germany, 44227 | https://www.elmos.com |
| NXP Semiconductors NV | View profile | 34200 | 60 High Tech Campus, Eindhoven, NB, Netherlands, 5656 AG | https://www.nxp.com |
| Asahi Kasei Corp | View profile | 48897 | 1-105 Kanda Jinbocho, Chiyoda-ku, Tokyo, Japan, 101-8101 | http://www.asahi-kasei.co.jp |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
Global magnetic sensor market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to magnetic sensor market will help companies and investors design strategic landscapes.
Hall effect was the largest segment with a revenue share of 30.36% in 2024. Horizon Databook has segmented the Global magnetic sensor market based on hall effect, amr, gmr, tmr covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Magnetic Sensor Technology Outlook (Revenue, USD Million, 2018-2030)
- Hall effect
- AMR
- GMR
- TMR
- Others
- Global Magnetic Sensor Application Outlook (Revenue, USD Million, 2018-2030)
- Automotive
- Consumer Electronics
- Industrial
- Others
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Our clientele includes a mix of magnetic sensor market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global magnetic sensor market , including forecasts for subscribers. This global databook contains high-level insights into Global magnetic sensor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global magnetic sensor market size, by regions, 2018-2030 (US$M)
Top 10 countries: Magnetic sensor market size, 2024 (US$M)
Global magnetic sensor market share, by technology, 2024 & 2030 (%, US$M)
Magnetic sensor market: Opportunity assessment by country
Global magnetic sensor market, by region, 2024 (US$M)
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