The global magnetic sensors market is estimated to grow at a CAGR of over 6% during the forecast period. The magnetic position sensor responds to the presence and interruption of the magnetic field by producing a proportional unit. These are utilized in various applications such as consumer appliances, HVAC, instrumentation, and motion, position control. Magnetic sensors provide digital and analog Hall-effect position, magneto resistive, Hall-effect vane, gear tooth, and Hall-effect basic switches and magnets, and wide continuous operating temperature range.
The factors that contribute to the growth of the market include the increasing demand from the automotive industry. The magnetic sensors offer numerous benefits such as low power consumption, high sensitivity, higher reliability, I2C programmability and advanced features such as tamper detection/ second threshold, and magnet tempco compensation. As these advanced sensing elements ensure higher efficiency and reliability in terms of both performance and economics, there is higher adoption of these sensors in electronics control systems in vehicles which ensures increased safety and enhanced driver convenience, which in turn, results in the higher adoption of these sensors.
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Magnetic sensor Market Segmentation
By Technology
- Hall Effect
- Magneto Resistive Sensors
- Anisotropic Magneto resistive (AMR)
- Giant Magneto resistive (GMR)
- Tunnel Magneto resistive (TMR)
- SQUID Sensors
- Others
By Application
- Consumer Electronics
- Automotive
- Industrial
- Others
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Allegro MicroSystems LLC
- Alps Alpine Co. Ltd.
- AMS AG
- Asahi Kasei Microdevices Corp.
- Barington Instruments Ltd.
- Baumer Ltd.
- Crocus Technology International Corp.
- Elmos Semiconductor AG
- Honeywell International Inc.
- iC-Haus
- Infineon Technologies AG
- Memsic Inc.
- NVE Corp.
- NXP Semiconductors N.V.
- Rhopoint Components Ltd.
- Robert Bosch GmbH
- Silicon Laboratories Inc.
- Sensata Technologies, Inc.
- STMicroelectronics International N.V
- TDK-Micronas GmbH
- Texas Instruments, Inc.
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