Magnetic Proximity Sensor Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Magnetic Proximity Sensor Market is Segmented by Application (Aerospace and Defense, Automotive, Consumer Electronics, and Building Automation) and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Magnetic Proximity Sensor Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Magnetic Proximity Sensors Market Size

Magnetic Proximity Sensor Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 6.90 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Magnetic Proximity Sensor Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Magnetic Proximity Sensor Market with other markets in Technology, Media and Telecom Industry

Automation

Digital Commerce

Electronics

Information Technology

Media and Entertainment

Security & Surveillance

Magnetic Proximity Sensors Market Analysis

The Magnetic Proximity Sensor Market is expected to register a CAGR of 6.9% during the forecast period.

  • The industrial automation segment emerged as a relatively more attractive space for investment by organizations worldwide. The dependence on robots in industrial controller mechanisms is an established trend that is paving the way for more extensive and broader adoption of industrial control and automation equipment.
  • Governments are enforcing the safe use of sensors in every end-user industry, especially in healthcare devices that require detailed regulations to ensure safety for the end users from electrical, chemical, biological, and physical threats.
  • Due to the growing demand for non-contact sensing technology, proximity magnetic sensors are projected to play a significant role in the market in the near future as they are used in a variety of applications, including aerospace and military, and automotive.
  • The COVID-19 pandemic significantly impacted the market. It is anticipated that as the market recovers from the pandemic or in post pandemic situation, the growth trajectory will differ across regions, with some nations having enormous growth potential and others having low profit margins. Also, there is growing demand for electric and self-driving vehicles that are highly integrated with magnetic sensors. Thus, magnetic proximity sensor manufacturers are experiencing more opportunities in the market.
  • However, the major challenge for this market may be the limitations in sensing technology, as it is expensive and needs expert personnel to analyze the readings that can be very complex to understand.

Magnetic Proximity Sensors Industry Overview

The market is significantly fragmented as there are several large and small players offering solutions. Some of the major players include General Electric, Eaton Corporation PLC, Rockwell Automation Inc., Omron Corporation, Panasonic Corporation, NXP Semiconductors NV, Honeywell International Inc., and Turck Inc.

  • June 2022 - The A33110 and A33115 magnetic position sensors from Allegro MicroSystems Inc., a pioneer in sensing and power solutions for motion control and energy-efficient systems, went on sale. According to Allegro, the sensors are made for ADAS applications requiring high precision levels and heterogeneous signal redundancy.
  • March 2022 - Standex International Corporation announced the acquisition of Sensor Solutions for roughly USD 9.7 million in cash. Sensor Solutions creates and manufactures specialized and standard Hall effect and magnetic proximity sensor products, including linear and rotating sensors, specialty sensors, and Hall switch and latching sensors. The consumer electronics, aerospace, automotive, industrial, medical, and healthcare industries use these products.

Magnetic Proximity Sensors Market Leaders

  1. Sick AG

  2. Omron Corporation

  3. Honeywell International Inc.

  4. Rockwell Automation

  5. General Electric

  6. *Disclaimer: Major Players sorted in no particular order
Magnetic Proximity Sensor Market Concentration
Need More Details on Market Players and Competiters?
Download PDF

Magnetic Proximity Sensors Market News

  • November 2022 - Allegro MicroSystems Inc., a world leader in sensing and power solutions for motion control and energy-efficient systems, released the A31316 3D hall-effect position sensor, the latest model in the 3DMAG line of 3D sensors. Allegro's tried-and-true planar and vertical hall-effect technologies are combined to measure magnetic field components in the 3DMAG family of rotary and linear magnetic proximity sensor ICs for automotive and industrial applications.
  • July 2022 - Edison Group launched a flagship smartphone with 6 GB RAM, named 'Helio 30'. The new smartphone has a G sensor, proximity sensor, light sensor, gyroscope sensor, and magnetic proximity sensor. The 'Helio 30' model phone was made at the Edison Industries factory of Symphony Mobile.

Magnetic Proximity Sensors Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definitions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Increase in the Demand for Non-contact Sensing Technology
  • 4.3 Market Restraints
    • 4.3.1 Limitations in Sensing Capabilities
  • 4.4 Value Chain/Supply Chain Analysis
  • 4.5 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.5.1 Threat of New Entrants
    • 4.5.2 Bargaining Power of Buyers
    • 4.5.3 Bargaining Power of Suppliers
    • 4.5.4 Threat of Substitute Products
    • 4.5.5 Intensity of Competitive Rivalry

5. TECHNOLOGY SNAPSHOT

6. MARKET SEGMENTATION

  • 6.1 By Application
    • 6.1.1 Aerospace and Defense
    • 6.1.2 Automotive
    • 6.1.3 Consumer Electronics
    • 6.1.4 Building Automation
    • 6.1.5 Other Applications
  • 6.2 By Geography
    • 6.2.1 North America
    • 6.2.2 Europe
    • 6.2.3 Asia-Pacific
    • 6.2.4 Latin America
    • 6.2.5 Middle East and Africa

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 Sick AG
    • 7.1.2 Omron Corporation
    • 7.1.3 Honeywell International Inc.
    • 7.1.4 Rockwell Automation
    • 7.1.5 General Electric
    • 7.1.6 Panasonic Corporation
    • 7.1.7 Eaton Corporation
    • 7.1.8 Pepperl + Fuchs GmbH
    • 7.1.9 Turck Inc.
    • 7.1.10 IFM Electronic GmbH
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Magnetic Proximity Sensors Industry Segmentation

Magnetic proximity sensors have long sensing ranges that can detect magnetic objects, and the smaller magnets open up new application possibilities. MM sensors complete this comprehensive product family in NAMUR design for use in explosion-hazardous areas.

The magnetic proximity sensors are used to detect the position of magnetic objects without any contact via long sensing ranges that can penetrate all non-magnetizable materials, like aluminum, stainless steel, wood, plastic, etc. They are widely used in aerospace, defense, industrial, automotive, and other sectors.

The Magnetic Proximity Sensor Market is Segmented by Application (Aerospace and Defense, Automotive, Consumer Electronics, Building Automation, Others) and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Application Aerospace and Defense
Automotive
Consumer Electronics
Building Automation
Other Applications
By Geography North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
Need A Different Region or Segment?
Customize Now

Magnetic Proximity Sensors Market Research FAQs

What is the current Magnetic Proximity Sensor Market size?

The Magnetic Proximity Sensor Market is projected to register a CAGR of 6.9% during the forecast period (2025-2030)

Who are the key players in Magnetic Proximity Sensor Market?

Sick AG, Omron Corporation, Honeywell International Inc., Rockwell Automation and General Electric are the major companies operating in the Magnetic Proximity Sensor Market.

Which is the fastest growing region in Magnetic Proximity Sensor Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Magnetic Proximity Sensor Market?

In 2025, the Asia Pacific accounts for the largest market share in Magnetic Proximity Sensor Market.

What years does this Magnetic Proximity Sensor Market cover?

The report covers the Magnetic Proximity Sensor Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Magnetic Proximity Sensor Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Magnetic Proximity Sensor Industry Report

Statistics for the 2025 Magnetic Proximity Sensor market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Magnetic Proximity Sensor analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.