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Magnetic Sensor Market Size

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

Magnetic Sensor Market Size

Magnetic Sensor Market size surpassed USD 4 billion in 2022 and is predicted to record 5% CAGR from 2023 to 2032. The rising demand for wide speed range sensing technologies in the aerospace & defense sector will support industry growth.


The surge in the adoption of navigation & electronic compass systems in the transportation & logistics sectors is another factor strengthening the magnetic sensor market potential. These devices are connected via satellite navigation systems to track logistics & transportation assets in real time. These technologies are also used extensively in route guidance and vehicle asset information, further promoting product consumption.

However, issues associated with the reliability of magnetic sensors in high-temperature environments are likely to restrain the industry progress. Hall-effect magnetic sensors, for example, can limit the current flow measurement within a radius of 10 cm. Inconsistency in detecting the current flow due to constant intervention from the external magnetic field will further cause a negative impact on the industry forecast in the short run.


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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