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Hall Effect Sensors Market - By Technology (Linear, Threshold, and Bipolar), By Material (Indinum Antimonide, Gallium Arsenide, Indinum Arsenide), By Application, By End User & Forecast, 2024 - 2032

  • Report ID: GMI10063
  • Published Date: Jun 2024
  • Report Format: PDF

Hall Effect Sensors Market Size

Hall Effect Sensors Market was valued at USD 2.3 billion in 2023 and is estimated to register a CAGR of over 13.5% between 2024 and 2032. The market growth is driven by the growing automotive industry, with mainly the demand for electric vehicles rising globally.

Hall Effect Sensors Market

According to the International Energy Agency, the sale of electric cars in 2023 was 3.5 million higher than in 2022, showcasing 35% year-on-year growth in 2023 and five times sales growth compared to 2018. This growth was mainly observed in China, Europe, and the U.S. There is a growing demand for sensors that can precisely monitor and manage electrical currents, locations, and movements within vehicles with the growing shift toward electric & hybrid vehicles. Hall effect sensors help measure currents, detect position (such as the rotor position in motors) accurately, and help regulate the functioning of different components in electric motors, battery management systems, and power electronics.

Additionally, advancements in sensor technology have led to the development of hall effect sensors with higher sensitivity and improved accuracy in detecting magnetic fields and measuring changes in position, speed, and current. Their increased precision has widened their scope of application, including applications where accurate measurement and control are essential. For instance, in August 2023, Texas Instruments (TI) introduced a new family of hall-effect current sensors and integrated shunt solutions that simplify current sensing and improve accuracy. TI offers highly accurate, integrated current sensing solutions to simplify design, reduce board space, and improve performance in industrial and automotive applications that require precise current monitoring such as motor drives, power supplies, and battery management systems.

A major challenge affecting the wider adoption of hall effect sensors is its seamless integration with the existing user system. Hall effect sensors need to be compatible with the existing electronic systems, interfaces, and communication protocols of the user to ensure smooth operations. System design, analog and digital signal processing, magnetic field sensing, and other specialized engineering knowledge and skills are frequently needed when integrating hall effect sensors. Additionally, factors, such as temperature variations, mechanical vibrations, and magnetic field distortions, can affect sensor performance, necessitating thorough calibration processes that may add complexity to integration efforts. Also, non-availability of skilled manpower can also affect market growth.

Hall Effect Sensors Market Trends

Manufacturers of hall effect sensors are increasingly developing sensors to offer multiple functions within a single device. This shift toward multifunctionality in sensors is enabling them to carry out functions, such as rotation detection, position sensing, and current sensing, lowering the number of components required in a system and easing design complexity. Additionally, understanding the need to develop hall sensors that can produce accurate results in high temperatures, manufacturers are investing in advanced materials and encapsulation techniques to enhance the environmental durability of hall effect sensors. This will make them resistant to temperature extremes, moisture, vibration, and Electromagnetic Interference (EMI) and will result in improved reliability and durability in harsh environments such as in automotive, aerospace, and industrial sectors.

For instance, TDK’s TAD2140 sensor combines rotation and position sensing in one compact device, streamlining automotive systems by optimizing space and reducing design complexity. This multifunctionality simplifies system architecture, lowering the number of components required.

Hall Effect Sensors Market Analysis

Hall Effect Sensors Market Size, By Technology, 2022-2032 (USD Billion)

Based on technology, the market is divided into linear hall effect sensors, threshold hall effect sensors, and bipolar hall effect sensors. In 2023, the linear hall effect sensors segment accounted for a market share of over 55%. Linear hall effect sensors offer higher precision and accuracy in measuring linear displacement, position, and motion. Their capacity to deliver dependable and replicable measurements makes them suitable for cases where exact regulation and observation are important. Additionally, linear hall effect sensors are usually lightweight and compact, making them easy to install into applications where space is limited, such as industrial machinery, medical equipment, and automobile systems. Their compact form factor improves installation and design flexibility.

Hall Effect Sensors Market Revenue Share, By End-use, 2023

Based on end use, the market is categorized into automotive, consumer electronics, industrial, healthcare, aerospace & defense, energy & utilities, and others. The automotive segment is expected to hold over USD 1.3 billion by 2032. The hall effect sensors play a crucial role in various automotive applications, leveraging their magnetic field sensing capabilities to provide accurate and reliable measurements. Wheel speed sensors employ hall effect sensors to track every wheel's specific rotational speed. Electronic Stability Control (ESC), Traction Control (TCS), and Anti-lock Braking Systems (ABS) depend on this data. Hall effect sensors aid in improving the stability and effectiveness of the brakes by identifying fluctuations in wheel speed. For instance, in August 2023, ROHM developed the BD5310xG-CZ and BD5410xG-CZ series hall ICs specifically for automotive applications requiring magnetic detection. These hall ICs feature an industry-leading 42V withstand voltage, enabling direct connection to a primary 12V battery power supply. This improves reliability under fluctuating battery conditions.

Asia Pacific Hall Effect Sensors Market Size, 2022-2032 (USD Million)

In 2023, Asia Pacific dominated the hall effect sensors market with around 41% of the market share. The automotive sector in Asia, majorly in nations, such as South Korea, China, and Japan, makes substantial use of the hall effect sensors. They are essential in applications including steering angle sensors, Throttle Position Sensors (TPS), transmission position sensors, and wheel speed sensors for ABS and TCS systems. These sensors support strict automotive standards compliance, vehicle performance optimization, and safety.

Additionally, the demand for hall effect sensors is observing growing adoption with growing solar and wind energy projects in countries such as China, India, and Japan. These sensors maximize the efficiency of energy generation by precise position sensing, speed monitoring, and feedback control in wind turbines and solar tracking systems.

Also, Asia is a hub for consumer electronics manufacturing, and hall effect sensors are integrated into various devices such as smartphones, tablets, laptops, and gaming consoles. These sensors are used for functions such as proximity sensing, rotational position sensing, and magnetic field detection.

The demand for hall effect sensors is also growing in North America, mainly driven by the growing industrial automation in the region. These sensors are used for end-of-travel detection in robotic arms and linear actuators, position sensing in machinery and equipment, and speed detection in conveyor belts and motors. These sensors also support process automation, increased manufacturing efficiency, and factory and production facility safety.

In Europe, the use of electric and hybrid cars has grown significantly due to the growing emphasis on lowering carbon emissions and moving toward sustainable transportation options. In EV & HEV systems, such as motor control, battery management, regenerative braking systems, and accurate position sensing in electric powertrains, hall effect sensors are crucial components. The need for high-performance hall effect sensors that can enable dependable and efficient electric vehicle technologies is being driven by this development.

Hall Effect Sensors Market Share

Honeywell International, Analog Devices and Infineon Technologies holds significant market share of 36% in the hall effect sensors industry and are majorly investing in product innovation and development to expand their market share. Honeywell International is a leading supplier of hall effect sensor Integrated Circuits (ICs). It offers a wide range of sensors including linear hall effect sensors, digital switches, and magnetic position sensors. Its products find applications in automotive, industrial, and consumer electronics sectors.

Infineon is a prominent semiconductor manufacturer that produces Hall effect sensor ICs and sensor solutions. The company offers sensors for automotive applications such as wheel speed sensing, throttle position sensing, and current sensing. Infineon's hall effect sensors are also used in industrial and consumer electronics.

Hall Effect Sensors Market Companies

Major players operating in the hall effect sensors industry are:

  • AKM (Asahi Kasei Microdevices)
  • Allegro MicroSystems
  • Analog Devices
  • Honeywell International
  • Infineon Technologies
  • TDK Corporation
  • TE Connectivity

Hall Effect Sensors Industry News

  • In February 2024, Infineon Technologies, a semiconductor manufacturer, and VMAX, a provider of fast charging solutions, intensified their collaboration. This collaboration aimed to address the growing demand for faster and more affordable EV charging solutions to support the widespread adoption of electric mobility. By combining Infineon's expertise in power semiconductors with VMAX's fast charging technology, the partnership sought to deliver innovative charging systems that are both energy-efficient and cost-effective for consumers.
  • In January 2022, Allergo launched A19360, a wheel speed and distance sensor, for use in advanced driver and assistance systems. This sensor provided automakers with signal resolution required for advanced levels of automation in passenger vehicles and mobility-as-a-service application.

The hall effect sensors market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue ($Bn) from 2021 to 2032, for the following segments:

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Market, By Technology

  • Linear hall effect sensors
  • Threshold hall effect sensors
  • Bipolar hall effect sensors

Market, By Material

  • Indium Antimonide (InSb)
  • Gallium Arsenide (GaAs)
  • Indium Arsenide (InAs)
  • Others

Market, By Application

  • Position sensing
  • Speed sensing
  • Current sensing
  • Temperature sensing
  • Others

Market, By End Use

  • Automotive
  • Consumer electronics
  • Industrial
  • Healthcare
  • Aerospace & defense
  • Energy & utilities
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Nordics
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ANZ
    • Southeast Asia
    • Rest of Asia Pacific 
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America 
  • MEA
    • UAE
    • South Africa
    • Saudi Arabia
    • Rest of MEA


Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size for hall effect sensors was valued at USD 2.3 billion in 2023 and is estimated to register over 6% CAGR between 2024 and 2032, driven by the growing automotive industry.

Linear hall effect sensors market recorded over 55% share in 2023 and will expand rapidly through 2032, as they offer higher precision and accuracy in measuring linear displacement, position, and motion.

Asia Pacific market held 41% revenue share in 2023 and will expand rapidly through 2032, driven by growing adoption with solar and wind energy projects.

AKM (Asahi Kasei Microdevices), Allegro MicroSystems, Analog Devices, Honeywell International, Infineon Technologies, TDK Corporation, and TE Connectivity among others.

Hall Effect Sensors Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 19
  • Tables & Figures: 360
  • Countries covered: 23
  • Pages: 240
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