Magnetic Sensor Market Size, Share, & Trends Report

Magnetic Sensor Market Size, Share, & Trends Analysis Report By Technology (Hall Effect, AMR, GMR, TMR), By Application (Automotive, Consumer Electronics, Industrial), By Region, And Segment Forecasts, 2018 - 2025

  • Published Date: Apr, 2018
  • Base Year for Estimate: 2017
  • Report ID: 978-1-68038-161-0
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2016
  • Number of Pages: 180

Industry Insights

The global magnetic sensor market size was valued at USD 1.91 billion in 2017, whereas the demand was estimated at 3.1 million units in the same year. The market is expected to post a CAGR of 6.8% in terms of volume during the forecast period. Advancements in sensing technologies coupled with growing application of sensing devices in various industry verticals are among the key trends stimulating market growth.

U.S. magnetic sensor market

Favorable government regulations pertaining to installation of magnetic sensors in automobiles and their safety equipment are also anticipated to provide an upthrust to the market in the coming years. Magnetic sensors form an essential component of navigation systems used in automobiles and smartphones.

The demand for advanced sensing has increased significantly over the past few years primarily owing to influx of sophisticated smartphones. The trend will continue to influence the market positively over the coming years. Magnetic sensing devices are also used extensively in the field of medical R&D and Non - Destructive Testing (NDT).

With the surging demand for magnetic sensors from the automotive sector, the market is estimated to tread along a healthy growth track over the coming years. Sensor vendors are emphasizing on providing efficient devices, which can serve a wide range of applications. These devices aid in contactless operations and wear - free measurements of angle of rotation and angular speed. Sensor manufacturers are investing aggressively in R&D activities to develop innovative sensory components that provide enhanced features, such as proximity, speed, and motion detection for increased efficiency and applicability across various end uses.

Adoption of electronic control systems in passenger and commercial vehicles is growing worldwide. These systems provide various features such as enhanced safety and driver convenience, all of which require the integration of advanced sensors. These advanced sensing technologies are highly reliable and efficient in terms of economics and performance.

Increasing number of sensor suppliers is intensifying the competition in global arena and is subsequently leading to a significant reduction in average selling prices of sensors. While this reduction in prices is projected to continue, widening range of applications of magnetic sensors is likely to contribute towards the growth of the market over the forecast period.

Technology Insights

The technologies analyzed in the report include Hall Effect, Anisotropic Magnetoresistance (AMR), Giant Magnetoresistance (GMR), Tunnel Magnetoresistance (TMR), and others. The hall effect segment dominated the overall magnetic field sensor market in 2017 and is expected to maintain its dominance over the forecast period. These sensing devices offer a wide range of benefits, including ease of implementation, variety of output options, a wide range of operating voltage, high reliability, and compact design.

TMR is anticipated to be the fastest growing segment over the forecast period. TMR sensors are widely used across a broad range of industrial applications and niche use - cases, including magnetic Random Access Memory (RAM) and bio sensing. This technology offers high output and sensitivity and provides unique sensing capabilities similar to the Wheel Speed Sensors (WSS) used in Anti - lock Braking Systems (ABS). Efforts are underway to utilize TMR sensors across a wider variety of applications.

The global demand for AMR sensors was estimated to be more than 700 million units in 2017 and is projected to rise at a CAGR exceeding 10.0% in terms of volume over the forecast period. Unique characteristics such as high flexibility, greater magnetoresistance, and cost - effectiveness, are poised to fuel the demand for this type of sensors. AMR sensing devices are gaining popularity for obtaining non - contacting location of objects in motion.

Application Insights

The automotive segment is poised to emerge as the highest revenue generating segment over the forecast period. The size of the magnetic sensor market in automotive applications was valued at over USD 840 million in 2017 and is likely to witness noteworthy growth over the forecast years. Administrative forces worldwide are playing a crucial role in the growth of the segment by emphasizing upon the use of hybrid and electric cars as an endeavor to reduce environmental pollution.

The broad application base of magnetic sensors in consumer electronics is expected to drive the magnetic field sensor market over the forecast period. These sensors are embedded in various electronic devices, such as smartphones, cameras, scanners, printers, tablets, flat panels, and laptops. They form a critical component in navigation devices/applications and are commonly found in gaming controllers and various smart products.

Germany magnetic sensor market

Adoption of robotics for factory automation has been increasing worldwide. Factory automation solutions essentially require both linear and angular position sensing to carry out motor movements with high accuracy, repeatability, and precision. The use of magnetic sensors for proximity detection, safety switches, and angular and linear sensing is increasing in line with soaring need for more efficient production lines. Such sensing devices provide contactless measurement with enhanced accuracy and reliability to support the adoption of robotics for next - generation factory automation.

Regional Insights

Asia Pacific was at the forefront of the global arena, both in terms of volume and revenue, in 2017 and is anticipated to retain its dominance over the forecast period. Strong presence of major sensor vendors in Asian countries such as China and Japan has impacted the regional market growth positively. Moreover, surging demand for smartphones and automobiles across the region is estimated to spur the demand for magnetic sensors in the region.

In North America, development and commercialization of connected car concept is an emerging trend. Miniature magnetic sensing devices are being increasingly integrated into vehicles to provide enhanced communication capabilities, without interfering with the basic functionalities of the car. Moreover, the region is experiencing an increasing demand for sensing components in various industrial use - cases, including position sensing, flow rate detection and sensing, and speed sensing.

Demand for magnetic sensors in Europe was estimated to be close to 600 million units in 2017 and is projected to experience a healthy CAGR during the forecast period. Countries across the European Union are now focusing on adoption of hybrid cars that require Hall Effect current sensing in vehicle’s power systems in order to enhance the performance and ensure cost - effectiveness.

Magnetic Sensor Market Share Insights

The global industry is experiencing fierce competition among leading market incumbents owing to a fragmented and highly concentrated competitive landscape. Moreover, improved manufacturing practices and adoption of TMR technology is poised to offer substantial growth opportunities to sensor fabricators and associated industry participants. New product developments and recent advancements in sensing technologies are driving the global industry.

Alps Electric Co.; Ltd; Asahi Kasei Baumer Ltd.; Elmos Semiconductor AG; Honeywell International, Inc.; iC - Haus; Allegro Microsystems, Inc.; Memsic Corporation; MultiDimension Technology Co. Ltd; Microdevices Corporation; NVE Corporation; Magnetic Sensors Corporation; and NXP Semiconductors are some of the prominent incumbents of the industry.

Report Scope



Base year for estimation


Actual estimates/Historical data

2014 - 2016

Forecast period

2018 - 2025

Market representation

Volume in Million Units, Revenue in USD Million and CAGR from 2018 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA)

Country scope

U.S., Canada, Germany, U.K., China, India, and Japan, Brazil, and Mexico

Report coverage

Revenue forecasts, company market share, competitive landscape, growth factors and trends

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Segments Covered in the Report

This report forecasts revenue and volume growth at the global, regional, and country levels and provides an analysis of the industry trends in each of the sub - segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global magnetic sensor market report on the basis of technology, application, and region:

  • Technology Outlook (Volume, Million Units; Revenue, USD Million, 2014 - 2025)

    • Hall Effect

    • Anisotropic Magnetoresistance (AMR)

    • Giant Magnetoresistance (GMR)

    • Tunnel Magnetoresistance (TMR)

    • Others

  • Application Outlook (Volume, Million Units; Revenue, USD Million, 2014 - 2025)

    • Automotive

    • Consumer Electronics

    • Industrial

    • Others

  • Regional Outlook (Volume, Million Units; Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • China

      • Japan

      • India

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

Key questions answered by the report
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