Magnetic Sensors: Global Strategic Business Report

Global Magnetic Sensors Market to Reach $4.7 Billion by 2030

The global market for Magnetic Sensors estimated at US$2.5 Billion in the year 2022, is projected to reach a revised size of US$4.7 Billion by 2030, growing at a CAGR of 8.1% over the analysis period 2022-2030. Hall Effect, one of the segments analyzed in the report, is projected to record 7.9% CAGR and reach US$2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Anisotropic Magnetoresistance (AMR) segment is readjusted to a revised 6.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $691.8 Million, While China is Forecast to Grow at 12.5% CAGR

The Magnetic Sensors market in the U.S. is estimated at US$691.8 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2030 trailing a CAGR of 12.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 7.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.

Select Competitors (Total 34 Featured) -

• Advanced Hall Sensors Ltd.
• Aeco s.r.l.
• AI-Tek Instruments LLC
• Allegro MicroSystems, Inc.
• Alps Alpine Co., Ltd.
• ANGSemi Microelctronics
• ANTCLABS Inc.
• Applied Physics Systems, Inc.
• Aquascan International Ltd.
• Asahi Kasei Microdevices Corporation

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year