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.

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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.

Magnetic Sensor Market Leaders

  1. Infineon Technologies AG

  2. Honeywell International Inc.

  3. NXP Semiconductors

  4. ST Microelectronics

  5. Texas Instruments

*Disclaimer: Major Players sorted in no particular order

Magnetic Sensor Market Concentration

Magnetic Sensor Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)