Global On-Board Magnetic Sensors Market to Reach $3.2 Billion by 2030
The global market for On-Board Magnetic Sensors estimated at US$2 Billion in the year 2022, is projected to reach a revised size of US$3.2 Billion by 2030, growing at a CAGR of 6.1% over the analysis period 2022-2030. Hall Effect Sensors, one of the segments analyzed in the report, is projected to record 6.2% CAGR and reach US$1.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Magnetoresistive Sensors segment is readjusted to a revised 7.4% CAGR for the next 8-year period.The U.S. Market is Estimated at $549.4 Million, While China is Forecast to Grow at 11% CAGR
The On-Board Magnetic Sensors market in the U.S. is estimated at US$549.4 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$780 Million by the year 2030 trailing a CAGR of 11% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.6% and 4.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.Select Competitors (Total 36 Featured) -
- Asahi Kasei Microdevices Corporation
- Austria Mikro Systeme
- Honeywell International Inc.
- Infineon Technologies AG
- Kohshin Electric
- Melexis NV
- Murata Manufacturing Co., Ltd.
- Sanken Electric
- Sensitec GmbH
- Sensoronix.com
- TDK Corporation
- TE Connectivity
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Asahi Kasei Microdevices Corporation
- Austria Mikro Systeme
- Honeywell International Inc.
- Infineon Technologies AG
- Kohshin Electric
- Melexis NV
- Murata Manufacturing Co., Ltd.
- Sanken Electric
- Sensitec GmbH
- Sensoronix.com
- TDK Corporation
- TE Connectivity
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 92 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 2 Billion |
Forecasted Market Value ( USD | $ 3.2 Billion |
Compound Annual Growth Rate | 6.1% |
Regions Covered | Global |