Global Magnetic Field Sensors Market Growth 2025-2031

The global Magnetic Field Sensors market size is predicted to grow from US$ 3246 million in 2025 to US$ 5520 million in 2031; it is expected to grow at a CAGR of 9.3% from 2025 to 2031.

Magnetic field sensors are used to measure magnetic flux and/or the strength and direction of a magnetic field. They are used mainly in scientific measurement, navigation, and Consumer Devices. Magnetic field sensors are widely used in automotive, electronics and modern industry to measure the current, position, direction and other physical parameters by induced magnetic field intensity. Magnetic Field Sensors can be classified according to whether they measure the total magnetic field or the vector components of the magnetic field. The techniques used to produce both types of Magnetic Field Sensors encompass many aspects of physics and electronics.

Global 5 largest manufacturers of Magnetic Field Sensors are Infineon, Allegro MicroSystem, Asahi Kasei Microdevices, Shanghai Orient-Chip Technology and NXP, which make up about 54%.

Asia-Pacific is the largest market, with a share over 40%, followed by North America and Europe, with the share about 28% and 22%. In terms of product type, Hall Effect occupy the largest share of the total market, about 67%. And in terms of application, the largest application is Automotive, followed by Consumer Devices and Industrial & Infrastructure.

LP Information, Inc. (LPI) ' newest research report, the “Magnetic Field Sensors Industry Forecast” looks at past sales and reviews total world Magnetic Field Sensors sales in 2024, providing a comprehensive analysis by region and market sector of projected Magnetic Field Sensors sales for 2025 through 2031. With Magnetic Field Sensors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Magnetic Field Sensors industry.

This Insight Report provides a comprehensive analysis of the global Magnetic Field Sensors landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Magnetic Field Sensors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Magnetic Field Sensors market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Magnetic Field Sensors and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Magnetic Field Sensors.

This report presents a comprehensive overview, market shares, and growth opportunities of Magnetic Field Sensors market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Hall Effect
AMR
GMR
TMR
Others

Segmentation by Application:
Automotive
Industrial & Infrastructure
Consumer Electronics
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Allegro MicroSystem
Infineon
Asahi Kasei Microdevices
TDK
NXP
Melexis
Honeywell
ams OSRAM
Diodes
Texas Instruments
TE Connectivity
Analog Devices
Shanghai Orient-Chip Technology
Murata
MEMSic

Key Questions Addressed in this Report

What is the 10-year outlook for the global Magnetic Field Sensors market?

What factors are driving Magnetic Field Sensors market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Magnetic Field Sensors market opportunities vary by end market size?

How does Magnetic Field Sensors break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.