Automotive Magnetic Sensor - Market: Size, Share, Growth, Analysis, Key Players, Revenue, | Valuates Reports

Automotive Magnetic Sensor - Market Size
The global market for Automotive Magnetic Sensor was estimated to be worth US$ 11180 million in 2023 and is forecast to a readjusted size of US$ 22760 million by 2030 with a CAGR of 10.7% during the forecast period 2024-2030

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Automotive Magnetic Sensor - Market
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.

Report Scope
This report aims to provide a comprehensive presentation of the global market for Automotive Magnetic Sensor, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Automotive Magnetic Sensor by region & country, by Type, and by Application.
The Automotive Magnetic Sensor market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive Magnetic Sensor.

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Segment by Type:
• AMR (Anisotropic Magnetoresistance Effect)
• GMR (Giant Magnetoresistance Effect)
• TMR (Tunnel Magnetoresistance Effect)
Segment by Application
• Traditional Automobile
• New Energy Vehicle

By Company

NXP, Infineon Technologies, TDK, Magnetic Sensors Corporation, Melexis, Allegro, LEM Holding SA, Honeywell International, Sensitec GmbH, Sanken

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