US Magnetic Sensors Market Size & Forecast 2025-2031 | Industry Trends & Insights

The magnetic sensors market is projected to grow at a CAGR of 5.7% over the forecast period 2024-2031, reflecting robust demand across key industries. Growth is primarily driven by the rising integration of magnetic sensors in automotive safety systems, consumer electronics, and industrial automation applications. Additionally, ongoing advancements in sensor miniaturization and the proliferation of electric vehicles are providing new avenues for expansion in both established and emerging markets.

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Magnetic Sensors are devices that detect changes in magnetic fields to measure position, speed, or direction. They are widely used in automotive, industrial, and consumer electronics applications.

Key Players :

=> Infineon Technologies, Asahi Kasei, Allegro Microsystems, TDK Corporation, and Melexis are some of the key players in the global magnetic sensors market.

Key Developments : Magnetic Sensors

United States

◆ Allegro MicroSystems acquired Crocus Technology, a major producer of high-performance integrated magnetic sensors for automotive and industrial applications.
◆ Sensor manufacturers introduced compact magnetic current sensor ICs offering higher isolation and precision to meet growing demand in EVs, industrial power systems, and automation.
◆ Global demand surged across the Asia-Pacific region, driven by smart grid expansion, increased factory automation, and rising consumer electronics production.

Japan : Magnetic Sensor Developments

◆ TDK Corporation partnered with LEM International to develop next-generation TMR (tunnel magnetoresistance) dies for integrated current sensors used in electric vehicles and renewable energy systems.
◆ Japanese research institutions developed multi-pair magnetic sensor modules capable of detecting rebar within concrete structures, enhancing non-destructive inspection capabilities.
◆ Hitachi and Japanese universities achieved atomic-resolution visualization of magnetic fields at the nanoscale, advancing material science for high-precision magnetic sensors.

Recent Mergers & Strategic Moves: Magnetic Sensors

◆ Allegro MicroSystems completed the acquisition of Crocus Technology, strengthening its TMR magnetic sensing portfolio and expanding its position in EV and industrial markets.
◆ Taiwan-based Yageo successfully acquired Japan's Shibaura Electronics, integrating advanced thermistor and magnetic sensing technologies to broaden global sensor production capabilities.

Growth Forecast Projected :

The Global Magnetic Sensors Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the increasing adoption of strategies by key players, the market is expected to continue growing over the projected horizon.

Research Process :

Both primary and secondary data sources have been used in the global Magnetic Sensors Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments :

By Product:
Hall Effect Sensors, Magnetoresistive Sensors, Squid Sensors, Fluxgate Sensors, Others

By Range:
Microgauss, Microgauss-10 Gauss, 10 Gauss

By Application:
Speed-Sensing, Detection/NDT, Position Sensing, Navigation and Electronic Compass, Flow Rate Sensing, Others

By End-User:
Transportation, Consumer Electronics, Healthcare, Aerospace and Defense, Industrial, BFSI


Regional Analysis for Magnetic Sensors Market :

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands, and the Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia, Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Benefits of the Report :

Chapter 1 sets the stage by outlining the report's coverage and summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution, both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Magnetic Sensors Market producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze the Magnetic Sensors Market revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets, and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain, mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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