Magnetic Sensors Market Size and Share
Market Overview
| Study Period | 2019 - 2030 |
|---|---|
| Market Size (2025) | USD 5.06 Billion |
| Market Size (2030) | USD 7.15 Billion |
| Growth Rate (2025 - 2030) | 7.15% CAGR |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
|
Magnetic Sensors Market Analysis by Mordor Intelligence
The magnetic sensor market size is worth USD 5.06 billion in 2025 and is forecast to reach USD 7.15 billion by 2030, reflecting a 7.15% CAGR. Rising electric-vehicle drivetrain mandates, the advance of Industry 4.0 production lines, and expanding 3-axis sensing in consumer devices underpin this steady growth. Automakers are specifying higher-accuracy position and current sensors to meet functional-safety targets, while smartphone and wearable brands integrate miniature tunnel-magnetoresistance (TMR) dies for augmented-reality and indoor-navigation functions. Data-center operators champion quantum-grade TMR heads to lift storage density, pushing suppliers toward premium, high-sensitivity designs. Supply-chain risk around rare-earth magnets remains an overhang, forcing companies to invest in recycling, local processing, and substitute materials. Competitive intensity is moderate as leading vendors focus on vertical integration, TMR portfolio expansion, and digital-output roadmaps to protect margins in an environment of Hall-effect price erosion.
Key Report Takeaways
- By application, automotive captured 56.0% of the magnetic sensor market share in 2024; data-center and server storage is projected to expand at a 9.60% CAGR through 2030.
- By technology, Hall-effect solutions led with 48.0% revenue share of the magnetic sensor market size in 2024, whereas TMR sensors are advancing at 8.80% CAGR.
- By output signal, digital interfaces commanded 63.0% share of the magnetic sensor market size in 2024 and are set to grow at 7.90% CAGR.
- By region, Asia-Pacific held 42.0% of the magnetic sensor market share in 2024 and is forecast to climb at a 9.40% CAGR through 2030.
Global Magnetic Sensors Market Trends and Insights
Drivers Impact Analysis
| Driver | ( ~ ) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| EV drivetrain electrification mandates | +1.8% | Global (Asia-Pacific, EU lead) | Medium term (2-4 years) |
| Proliferation of 3-axis magnetic sensing in smartphones and wearables | +1.2% | Global, Asia-Pacific manufacturing hub | Short term (≤ 2 years) |
| Growing ADAS and e-motor position needs in automotive | +1.5% | North America, EU, Asia-Pacific production | Medium term (2-4 years) |
| Factory automation shift to Industry 4.0 | +1.0% | Global, early adoption in Germany, Japan, China | Long term (≥ 4 years) |
| On-board DC-fast-charging current monitoring | +0.8% | China, EU, North America | Medium term (2-4 years) |
| Quantum-grade TMR adoption in data-center HDD/SSD heads | +0.9% | Hyperscale data centers worldwide | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
EV drivetrain electrification mandates
Electric-vehicle regulations in the European Union and California spur wider sensor deployment, stretching from rotor position and temperature tracking to battery-management subsystems. [1]Magnet Applications editorial team, “Neodymium Price Trends,” Magnet Applications, magnetapplications.comContinental’s e-Motor Rotor Temperature Sensor trims measurement tolerance to 3 °C, allowing designers to cut rare-earth magnet content while protecting performance assemblymag.com. Such precision supports both compliance targets and cost-containment strategies across EV platforms.
Proliferation of 3-axis magnetic sensing in smartphones and wearables
Handset vendors embed 3-D magnetic sensors to deliver augmented-reality overlays and accurate indoor navigation. Miniature TMR dies meet the angular-accuracy and power requirements, stimulating cross-industry demand spillovers. TDK’s Nivio™ xMR component measures biomagnetic fields in a footprint smaller than laboratory-grade SQUIDs, hinting at medical-device spill-over potential.[2]Corporate release, “Ultra-Sensitive Magnetic Sensor Component Has Potential to Unlock New Possibilities for Medical 3D Imaging,” TDK Corporation, tdk.com
Growing ADAS and e-motor position needs in automotive
Advanced driver-assistance systems require sensors certified to ASIL D levels yet immune to stray fields from high-power inverters. Melexis introduced stacked dual-die Triaxis ICs with 5 mT stray-field immunity, suitable for steering and accelerator modules in software-defined vehicles.[3]Press office, “Melexis Sets a New Reference for Safe and Stray Field Robust Magnetic Sensors,” Melexis, melexis.com The move supports predictive-maintenance algorithms delivered via over-the-air updates.
Factory automation shift to Industry 4.0
Manufacturers integrate magnetic encoders in motors, conveyor belts, and cobot joints to feed AI-driven maintenance dashboards. FRABA opened a China unit to enable local customization and faster response within just-in-time supply chains. Plant managers prize sub-millimeter accuracy delivered at industrial-temperature ratings.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Price erosion in commoditised Hall-effect ICs | -0.8% | Global, most severe in Asia-Pacific manufacturing | Short term (≤ 2 years) |
| Supply-chain concentration in rare-earth magnetics | -1.2% | Global, with highest impact in North America and EU | Medium term (2-4 years) |
| EMI compliance costs for high-speed electrification platforms | -0.5% | North America and EU automotive markets | Medium term (2-4 years) |
| IP litigation risk around xMR sensor patents | -0.3% | Global, concentrated in major technology markets | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
Price erosion in commoditised Hall-effect ICs
Hall-effect devices face rising competition from low-cost Chinese fabs. The 42% fall in neodymium prices since 2024 compounds pressure by eroding the material-cost moat once held by premium suppliers. Vendors therefore channel R&D into differentiated TMR and GMR lines or integrate signal-processing blocks to sustain pricing power.
Supply-chain concentration in rare-earth magnetics
China’s new export-licence regime reduced global rare-earth magnet exports by 50%, forcing Ford to idle multiple U.S. plants in 2025. Nidec’s 5-year off-take pact with Noveon Magnetics for 1,000 tons of NdFeB magnets marks a strategic hedge that builds Western capacity. Despite these moves, upstream fragility persists.
Segment Analysis
By Technology: TMR Emerges as Premium Solution
TMR sensors are expanding at 8.80% CAGR, the fastest pace among major technologies. Hall-effect solutions still hold 48.0% of the magnetic sensor market share in 2024 due to mature tooling and attractive pricing. Yet automotive safety systems and Industry 4.0 robots now specify sub-degree angular accuracy across -40 °C to +150 °C ranges, a window where TMR excels. Allegro MicroSystems markets XtremeSense™ implementations with 10 × sensitivity and 50% lower current draw than Hall-effect peers.
GMR represents a middle path for customers demanding enhanced sensitivity without the cost premium of TMR, while AMR retains a niche in linear industrial encoders requiring simple signal chains. Fluxgate and SQUID devices serve high-end laboratory, defense, and medical equipment. The technology mix suggests Hall-effect incumbency in cost-sensitive lines will persist, but TMR will absorb most incremental value creation within the magnetic sensor market.
Note: Segment shares of all individual segments available upon report purchase
By Application: Data Centers Drive Growth Acceleration
Automotive accounted for 56.0% of the magnetic sensor market size in 2024. The proliferation of electric powertrains and ADAS keeps that base stable, yet the standout growth story is data centers. Quantum-grade TMR heads for HDDs and SSDs help hyperscalers raise terabyte density at a 9.60% CAGR. Operators also deploy Hall-based current sensors in power-distribution units to optimize rack-level energy use amid decarbonization targets. Industrial automation contributes steady volume as factories digitize assembly lines, while healthcare opens nascent upside through non-invasive imaging and implant monitoring supported by TDK’s biomagnetic innovations.
By End-Use Industry: Energy Sector Emerges
Automotive OEMs and Tier 1 suppliers represent 39.0% of 2024 end-user revenue and value stable partnerships. Utilities, however, post an 8.10% CAGR on rising smart-grid and renewable-integration projects. Magnetic current sensors track bi-directional flows in solar inverters and grid-scale batteries, enabling utilities to pre-empt outages. Consumer electronics maintains large but slowing unit demand as global handset penetration matures, while industrial machinery firms build predictive-maintenance stacks around robust magnetic encoders.
Note: Segment shares of all individual segments available upon report purchase
By Output Signal: Digital Dominance Reflects Industry Evolution
Digital outputs held 63.0% of the magnetic sensor market size in 2024. I²C, SPI, SENT, and PSI5 links offer software-defined calibration, noise rejection, and straightforward integration with microcontrollers. Analog outputs remain vital where millisecond-level latency cannot be risked, notably in emergency-brake or steer-by-wire circuits. TDK’s TAS8240 provides redundant analog channels plus optional digital diagnostics, embodying the transition path from legacy to fully digital architectures
Geography Analysis
Asia-Pacific led the magnetic sensor market with 42.0% share in 2024 and is heading toward a 9.40% CAGR, powered by China’s semiconductor fabs and Japan’s precision sensor know-how. Chinese export curbs on rare-earths create both threat and windfall: domestic fabs gain a captive magnet supply, while export-oriented carmakers scramble for alternate sourcing. Japan’s TMR roadmap leverages metrology depth to push sensor miniaturization that feeds both auto and medical verticals. South Korea’s storage-device majors lift demand for high-density TMR heads, and India’s expanding vehicle output widens the regional customer base.
North America remains pivotal despite material-supply pain points. Allegro MicroSystems booked USD 1.05 billion sales in fiscal 2024, up 38% in e-mobility-linked lines. State incentives for domestic rare-earth processing underpin projects such as Noveon Magnetics’ Texas plant, though volumes will lag Asia for several years. Automakers rely heavily on local sensor design centers to meet National Highway Traffic Safety Administration software-update requirements.
Competitive Landscape
The magnetic sensor market shows moderate fragmentation. Infineon, Allegro MicroSystems, and TDK lead through proprietary TMR IP, AEC-Q100 qualification depth, and captive packaging. Their vertical-integration playbooks hedge against commodity price swings and enable roadmap control. Allegro’s record FY-2024 revenue underscores the payoff from focusing on e-mobility sensors and power-conversion modules.
Mid-tier players seek scale via M&A to close technology gaps or shore up rare-earth access. For example, Nidec’s magnet off-take contract with Noveon aligns motor manufacturing with secure material flow. Patent filings remain active: recent multi-path magnetoresistive claims aim at improving sensitivity under temperature drift, underscoring the still-fertile IP landscape patents.justia.com. New entrants target medical imaging, biomagnetic measurement, and contamination detection niches where incumbents’ Hall-effect product lines lack the requisite noise floor.
Magnetic Sensors Industry Leaders
-
Infineon Technologies AG
-
Honeywell International Inc.
-
NXP Semiconductors
-
ST Microelectronics
-
Texas Instruments
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- June 2025: MagREEsource expanded its recycled magnet plant in France to address rare-earth scarcity and align with circular-economy mandates. The move strengthens regional supply resilience and positions the firm as a sustainable magnet vendor.
- June 2025: Ford idled several U.S. assembly plants owing to rare-earth magnet shortages linked to China’s export-licence rules, highlighting supply-chain fragility and accelerating domestic processing investment.
- May 2025: TDK introduced high-precision TMR angle sensors aimed at robotics, reinforcing its diversification beyond automotive and capturing Industry 4.0 demand for sub-degree accuracy
- April 2025: Neuranics secured USD 8 million to advance low-power TMR technology, aiming to commercialize sensors for automotive and industrial segments.
Global Magnetic Sensors Market Report Scope
Magnetic sensors are classified in terms of measuring a complete magnetic field or vector-components of the magnetic field. Permanent magnets, such as neodymium magnets, are used to trigger the magnetic sensors in several applications. The magnetic sensor is used to identify the magnitude and direction of the magnetic field. It includes a rotating sensor tip, which measures both transverse and longitudinal magnetic fields around the objects.
| Hall-Effect |
| Anisotropic Magnetoresistance (AMR) |
| Giant Magnetoresistance (GMR) |
| Tunnel Magnetoresistance (TMR) |
| Other Technologies |
| Automotive |
| Consumer Electronics |
| Industrial Automation |
| Healthcare and Medical Devices |
| Aerospace and Defense |
| Data-Center and Server Storage |
| Other Applications |
| Automotive OEMs and Tier-1s |
| Consumer Electronics OEMs |
| Industrial Equipment Manufacturers |
| Energy and Utilities |
| Healthcare OEMs |
| Aerospace and Defense Primes |
| Digital (IC/SPI, SENT, PSI5) |
| Analog (Linear Voltage/Current) |
| North America | United States |
| Canada | |
| Mexico | |
| South America | Brazil |
| Argentina | |
| Rest of South America | |
| Europe | United Kingdom |
| Germany | |
| France | |
| Italy | |
| Spain | |
| Russia | |
| Rest of Europe | |
| Asia Pacific | China |
| Japan | |
| India | |
| South Korea | |
| ASEAN-5 | |
| Australia and New Zealand | |
| Rest of Asia Pacific | |
| Middle East and Africa | Turkey |
| Israel | |
| Saudi Arabia | |
| UAE | |
| South Africa | |
| Nigeria | |
| Rest of Middle East and Africa |
| By Technology | Hall-Effect | |
| Anisotropic Magnetoresistance (AMR) | ||
| Giant Magnetoresistance (GMR) | ||
| Tunnel Magnetoresistance (TMR) | ||
| Other Technologies | ||
| By Application | Automotive | |
| Consumer Electronics | ||
| Industrial Automation | ||
| Healthcare and Medical Devices | ||
| Aerospace and Defense | ||
| Data-Center and Server Storage | ||
| Other Applications | ||
| By End-Use Industry | Automotive OEMs and Tier-1s | |
| Consumer Electronics OEMs | ||
| Industrial Equipment Manufacturers | ||
| Energy and Utilities | ||
| Healthcare OEMs | ||
| Aerospace and Defense Primes | ||
| By Output Signal | Digital (IC/SPI, SENT, PSI5) | |
| Analog (Linear Voltage/Current) | ||
| By Geography | North America | United States |
| Canada | ||
| Mexico | ||
| South America | Brazil | |
| Argentina | ||
| Rest of South America | ||
| Europe | United Kingdom | |
| Germany | ||
| France | ||
| Italy | ||
| Spain | ||
| Russia | ||
| Rest of Europe | ||
| Asia Pacific | China | |
| Japan | ||
| India | ||
| South Korea | ||
| ASEAN-5 | ||
| Australia and New Zealand | ||
| Rest of Asia Pacific | ||
| Middle East and Africa | Turkey | |
| Israel | ||
| Saudi Arabia | ||
| UAE | ||
| South Africa | ||
| Nigeria | ||
| Rest of Middle East and Africa | ||
Key Questions Answered in the Report
What is the current valuation of the magnetic sensor market?
The magnetic sensor market stands at USD 5.06 billion in 2025.
Which region leads demand growth for magnetic sensors?
Asia-Pacific holds 42.0% of global revenue and is expanding at a 9.40% CAGR through 2030.
Why are TMR sensors gaining traction over Hall-effect devices?
TMR technology offers 10 × sensitivity and better temperature stability, supporting high-precision automotive, industrial, and data-center applications.
How do rare-earth supply constraints affect magnetic sensor production?
China’s export-licence rules have reduced global magnet shipments by half, prompting Western OEMs to secure local recycling and off-take deals.
Page last updated on:
