Asia Pacific Magnetic Sensor Market Size & Outlook
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Asia Pacific magnetic sensor market highlights
- The Asia Pacific magnetic sensor market generated a revenue of USD 1,431.5 million in 2024.
- The market is expected to grow at a CAGR of 8.5% from 2025 to 2030.
- In terms of segment, hall effect was the largest revenue generating technology in 2024.
- TMR is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2025 to 2030.
Asia Pacific data book summary
| Market revenue in 2024 | USD 1,431.5 million |
| Market revenue in 2030 | USD 2,340.7 million |
| Growth rate | 8.5% (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 |
| Key market players worldwide | Asahi Kasei Corp, Elmos Semiconductor SE, Honeywell International Inc, Allegro Microsystems Inc Ordinary Shares, NVE Corp, NXP Semiconductors NV |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 47.3% of the global magnetic sensor market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,340.7 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 |
Asia Pacific 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 32.01% in 2024. Horizon Databook has segmented the Asia Pacific magnetic sensor market based on hall effect, amr, gmr, tmr covering the revenue growth of each sub-segment from 2018 to 2030.
- Asia Pacific Magnetic Sensor Technology Outlook (Revenue, USD Million, 2018-2030)
- Hall effect
- AMR
- GMR
- TMR
- Others
- Asia Pacific Magnetic Sensor Application Outlook (Revenue, USD Million, 2018-2030)
- Automotive
- Consumer Electronics
- Industrial
- Others
Reasons to subscribe to Asia Pacific magnetic sensor market databook:
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Asia Pacific magnetic sensor market databook
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Our clientele includes a mix of magnetic sensor market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific magnetic sensor market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific magnetic sensor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific magnetic sensor market size, by country, 2018-2030 (US$M)
Asia Pacific Magnetic Sensor Market Outlook Share, 2024 & 2030 (US$M)
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