How big is the Magnetic Sensors Market?

The Magnetic Sensors Market size is expected to reach USD 3.51 billion in 2024 and grow at a CAGR of 7.91% to reach USD 5.14 billion by 2029. Read More

What is the current Magnetic Sensors Market size?

In 2024, the Magnetic Sensors Market size is expected to reach USD 3.51 billion. Read More

Who are the key players in Magnetic Sensors Market?

Infineon Technologies AG, Honeywell International Inc., NXP Semiconductors, ST Microelectronics and Texas Instruments are the major companies operating in the Magnetic Sensors Market. Read More

Which is the fastest growing region in Magnetic Sensors Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Magnetic Sensors Market?

In 2024, the Asia Pacific accounts for the largest market share in Magnetic Sensors Market. Read More

What years does this Magnetic Sensors Market cover, and what was the market size in 2023?

In 2023, the Magnetic Sensors Market size was estimated at USD 3.25 billion. The report covers the Magnetic Sensors Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Magnetic Sensors Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Magnetic Sensors Market Share

Statistics for the 2023 & 2024 Magnetic Sensors market share, created by Mordor Intelligence™ Industry Reports. Magnetic Sensors share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Magnetic Sensors Industry

The magnetic sensors market is highly competitive. The improved manufacturing practices and adoption of TMR technology are poised to offer substantial growth opportunities to sensor fabricators and associated industry participants. The market is identified to be highly technology intensive. Thus, the players in the market are integrating advanced technological products, like xMR, into their product portfolios. These companies include AKM, Infineon Technologies, Allegro Microsystems, Melexis, TDK, Diodes, and Honeywell.

November 2019 - Allegro MicroSystems launched the ATS17051, one of the first gear tooth sensor ICs designed to provide incremental position for electric vehicle traction motors operating up to 30k RPM. The device addresses the engineers' traction motor challenges, which include vibration at startup and running mode, high rotational speed, mechanical space constraints, high operating temperatures, and ISO 26262 safety requirements.
June 2019 - Infineon Technologies AG expanded its sensor portfolio by a new AMR-based angle sensor, which is aimed at providing high accuracy in low magnetic fields. The XENSIV TLE109A16 product line is designed to address the need for very precise, fast, and cost-efficient angle measurement at one of the high functional safety levels in automotive and industrial applications.