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Magnetic Sensor Market Analysis

  • Report ID: GMI2994
  • Published Date: Dec 2022
  • Report Format: PDF

Magnetic Sensor Market Analysis

Magnetic sensor market from GMR technology is expected to witness 5% growth during 2023 to 2032. The increasing use of innovative technologies, including anti-braking systems (ABS) and anti-locking systems in several high-end automobiles will drive the deployment of giant magneto-resistive sensors. There are many advantages associated with these sensors, such as low production cost, highly precise measurements, increased flexibility, robustness, and low electricity consumption, which will further fuel product demand.


The magnetic sensor market share from the navigation & electronic compass systems is predicted to cross USD 1 billion by 2032. These sensors are used in a variety of devices to precisely monitor the local position and orientation of important objects, such as the helmet of the pilot, and can also be used for underwater or indoor navigation. Many companies are launching cutting-edge navigation systems to give customers access to a wide range of aerospace, military, and underwater operations.

Magnetic Sensor Market Size By Application  

The automotive segment size is anticipated to attain more than 5% gains through 2032. Magnetic sensors are integrated into various ADAS components, such as Adaptive Cruise Control (ACC), forward collision warning, Automated Emergency Braking (AEB), lane departure warning systems, and Electronic Stability Control (ESC), among others. Automotive tech components require magnetic sensors to measure multiple parameters, including position sensing, angle of rotation, and speed sensing in vehicles, thereby accelerating product fixing.

Europe magnetic sensor market is projected to observe 5% growth between 2023 and 2032. The production volume and sales of electric vehicles (EVs) are increasing steadily across the region. For instance, according to a report published by The International Council on Clean Transportation (ICCT) in June 2022, the total sales of EVs in Europe were estimated to reach 2.3 million, representing a 66% rise from the previous year.

EVs are often equipped with an advanced driver assistance system (ADAS) and are being used extensively as part of its efforts to achieve its climate and energy objectives. As a result, the usage of critical technologies such as magnetic sensors is expected to rise considerably in industry.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of magnetic sensor exceeded USD 4 billion in 2022 and is predicted to record 5% CAGR during 2023 to 2032, given the rising demand for speed-sensing technology in defense and aerospace applications.

GMR magnetic sensor industry is expected to observe 5% growth from 2023 to 2032, owing to the increasing use of innovative technologies, including anti-braking systems (ABS) and anti-locking systems, in high-end automobiles.

European industry size is anticipated to observe 5% through 2032 due to the growing production volume and sales of electric vehicles (EVs) across the region.

The top players operating in the magnetic sensor business scenario include Honeywell International, Inc., Melexis, Infineon Technologies AG, Asahi Kasei Microdevices Corporation, ams AG, Diodes Incorporated, and NXP Semiconductors, among others.

Magnetic Sensor Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 26
  • Tables & Figures: 962
  • Countries covered: 19
  • Pages: 490
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