Market Overview:
The global magnetic sensor market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for magnetic sensors in automotive, consumer electronics, industrial applications, medical applications and other applications. Magnetic sensors are used in a wide range of end-use industries owing to their ability to detect and measure the presence or absence of a magnetic field. They are also used for position sensing and speed detection purposes. Some of the key players operating in this market include Allegro MicroSystems LLC (U.S.), Honeywell International Inc.(U.S.), Infineon Technologies AG (Germany), Melexis NV (Belgium), NXP Semiconductors Nv (Netherlands) and Robert Bosch GmbH(Germany).
Product Definition:
A magnetic sensor is a device that uses the principles of magnetism to measure or detect the presence of a magnetic field. Magnetic sensors are used in a variety of applications, including proximity sensors, position sensors, and speed detectors.
Hall Effect Type:
The Hall Effect type is a sensing technology that utilizes the magnetic field generated by electric current in a coil to sense information. The technology was firstly developed for use in computer memory and has since then found its way into various applications such as medical, automotive, and consumer electronics. The growing demand for smartphones & other smart devices along with the advent of IoT (Internet of things) is expected to drive market growth over the forecast period.
AMR Type:
AMR type is an advanced magnetic recording technology that was developed to overcome the limitations of traditional hard disk drives. The technology uses a thin layer of aluminum to create a non-volatile memory for data storage. It also has the ability to sustain high read and write speeds, which makes it suitable for consumer electronics applications such as smartphones and tablets.
Application Insights:
The automotive application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The magnetic sensors are used in various applications such as electronic engine immobilizers, body electronics, powertrain control, and safety systems. They are also used in consumer electronics products such as smartphones and wearable devices that have AMR technology based sensors.
The increasing use of electric vehicles is expected to drive the demand for advanced magnetic sensor solutions with enhanced performance characteristics required by an automobile engine ECU (Electronic Control Unit). These solutions enable improved fuel efficiency by reducing vehicle speed without affecting emissions levels significantly improving air quality while driving down fuel consumption costs which will further propel their demand over the coming years.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of major players such as Honeywell International Inc.; Infineon Technologies AG; and Renesas Electronics Corporation. The region is expected to maintain its dominance over the forecast period due to increasing demand for magnetic sensors from various end-use industries such as automotive, industrial, medical, and others.
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to rapid developments in consumer electronics applications and automotive industry in countries like China and Japan. Furthermore, rising investments by key companies for R&D activities are also contributing toward increased adoption of AMRs across various application areas including motor vehicle electronics systems & entertainment systems. This trend is projected to positively reinforce market growth during the estimated time span.
Growth Factors:
- Increasing demand for miniaturization in consumer electronics
- Rising demand from the automotive industry
- Growing popularity of wearable technology
- Proliferation of Internet of Things (IoT) devices
- Development of next-generation magnetic sensors
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnetic Sensor Market Research Report
By Type
Hall Effect Type, AMR Type, GMR Type, Other
By Application
Automotive, Consumer Electronics, Industrial Applications, Medical Applications, Other Applications
By Companies
AKM, Allegro MicroSystems, Infineon, Micronas, Melexis, NXP, Aichi Steel, AMS, MEMSIC, Diodes, Honeywell, Bosch, ALPS, Yamaha, STMicroelectronics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Magnetic Sensor Market Report Segments:
The global Magnetic Sensor market is segmented on the basis of:
Types
Hall Effect Type, AMR Type, GMR Type, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Consumer Electronics, Industrial Applications, Medical Applications, Other Applications
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AKM
- Allegro MicroSystems
- Infineon
- Micronas
- Melexis
- NXP
- Aichi Steel
- AMS
- MEMSIC
- Diodes
- Honeywell
- Bosch
- ALPS
- Yamaha
- STMicroelectronics
Highlights of The Magnetic Sensor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hall Effect Type
- AMR Type
- GMR Type
- Other
- By Application:
- Automotive
- Consumer Electronics
- Industrial Applications
- Medical Applications
- Other Applications
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Magnetic Sensor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A magnetic sensor is a device that uses the principles of magnetism to detect changes in its environment. Magnetic sensors are often used in industrial and commercial applications, such as automatic controls, security systems, and medical devices.
Some of the key players operating in the magnetic sensor market are AKM, Allegro MicroSystems, Infineon, Micronas, Melexis, NXP, Aichi Steel, AMS, MEMSIC, Diodes, Honeywell, Bosch, ALPS, Yamaha, STMicroelectronics.
The magnetic sensor market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Magnetic Sensor Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Magnetic Sensor Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Magnetic Sensor Market - Supply Chain
4.5. Global Magnetic Sensor Market Forecast
4.5.1. Magnetic Sensor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Magnetic Sensor Market Size (000 Units) and Y-o-Y Growth
4.5.3. Magnetic Sensor Market Absolute $ Opportunity
5. Global Magnetic Sensor Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Magnetic Sensor Market Size and Volume Forecast by Type
5.3.1. Hall Effect Type
5.3.2. AMR Type
5.3.3. GMR Type
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Magnetic Sensor Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Magnetic Sensor Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Consumer Electronics
6.3.3. Industrial Applications
6.3.4. Medical Applications
6.3.5. Other Applications
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Magnetic Sensor Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Magnetic Sensor Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Magnetic Sensor Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Magnetic Sensor Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Magnetic Sensor Demand Share Forecast, 2019-2029
9. North America Magnetic Sensor Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Magnetic Sensor Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Magnetic Sensor Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Consumer Electronics
9.4.3. Industrial Applications
9.4.4. Medical Applications
9.4.5. Other Applications
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Magnetic Sensor Market Size and Volume Forecast by Type
9.7.1. Hall Effect Type
9.7.2. AMR Type
9.7.3. GMR Type
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Magnetic Sensor Demand Share Forecast, 2019-2029
10. Latin America Magnetic Sensor Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Magnetic Sensor Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Magnetic Sensor Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Consumer Electronics
10.4.3. Industrial Applications
10.4.4. Medical Applications
10.4.5. Other Applications
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Magnetic Sensor Market Size and Volume Forecast by Type
10.7.1. Hall Effect Type
10.7.2. AMR Type
10.7.3. GMR Type
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Magnetic Sensor Demand Share Forecast, 2019-2029
11. Europe Magnetic Sensor Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Magnetic Sensor Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Magnetic Sensor Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Consumer Electronics
11.4.3. Industrial Applications
11.4.4. Medical Applications
11.4.5. Other Applications
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Magnetic Sensor Market Size and Volume Forecast by Type
11.7.1. Hall Effect Type
11.7.2. AMR Type
11.7.3. GMR Type
11.7.4. Oher
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Magnetic Sensor Demand Share, 2019-2029
12. Asia Pacific Magnetic Sensor Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Magnetic Sensor Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Magnetic Sensor Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Consumer Electronics
12.4.3. Industrial Applications
12.4.4. Medical Applications
12.4.5. Other Applications
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Magnetic Sensor Market Size and Volume Forecast by Type
12.7.1. Hall Effect Type
12.7.2. AMR Type
12.7.3. GMR Type
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Magnetic Sensor Demand Share, 2019-2029
13. Middle East & Africa Magnetic Sensor Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Magnetic Sensor Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Magnetic Sensor Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Consumer Electronics
13.4.3. Industrial Applications
13.4.4. Medical Applications
13.4.5. Other Applications
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Magnetic Sensor Market Size and Volume Forecast by Type
13.7.1. Hall Effect Type
13.7.2. AMR Type
13.7.3. GMR Type
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Magnetic Sensor Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Magnetic Sensor Market: Market Share Analysis
14.2. Magnetic Sensor Distributors and Customers
14.3. Magnetic Sensor Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. AKM
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Allegro MicroSystems
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Infineon
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Micronas
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Melexis
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. NXP
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Aichi Steel
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. AMS
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. MEMSIC
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Diodes
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Honeywell
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Bosch
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. ALPS
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Yamaha
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. STMicroelectronics
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
