On-Board Magnetic Sensor Market Share, Data, Demand And Forecast 2024-2033

Overview and Scope

On-board magnetic sensors refer to magnetic sensors that are mounted and tested on a circuit board. These sensors act as transducers, converting fluctuations in magnetic fields into electrical impulses, which are used to measure and detect magnetic field changes.

 

Sizing and Forecast

The on-board magnetic sensor market size has grown strongly in recent years. It will grow from $1.45 billion in 2023 to $1.59 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%.  The  growth in the historic period can be attributed to consumer electronics demand, industrial automation, miniaturization and cost reduction, r&d investments, renewable energy.

 

The on-board magnetic sensor market size is expected to see strong growth in the next few years. It will grow to $2.2 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%.  The growth in the forecast period can be attributed to increasing adoption of 5g and connectivity, smart infrastructure, ai and machine learning, augmented reality (ar) and virtual reality (vr). Major trends in the forecast period include technological advancements, mems-based magnetic sensors, automotive safety systems enhancement, integration with other sensors, energy-efficient sensors.

 

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Segmentation & Regional Insights

The on-board magnetic sensor market covered in this report is segmented –

1) By Type: Hall Effect Sensors, SQUID (Superconducting Quantum Interference Device) Sensors, Magneto Resistive Sensors, Other Types

2) By Magnetic Density: Low-Field Sensors (<1 Microgauss), Earth Field Sensors (1 Microgauss to 10 Gauss), Bias Magnetic Field Sensors (>10 Gauss)

3) By Vertical: Automotive, Healthcare, Consumer Electronics, Aerospace And Defense, Industrial, Other Verticals

 

Asia-Pacific was the largest region in the on-board magnetic sensors market in 2023. The regions covered in the on-board magnetic sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

 

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Major Driver Impacting Market Growth

Increasing demand for consumer electronic devices is expected to propel the growth of the onboard magnetic sensors market going forward. A consumer electronic device is any portable electronic or digital device intended to be bought and utilized regularly by end users or consumers. Onboard magnetic sensors are used in consumer electronics to resolve speed, direction, alignment, and rotational positions. For instance, in February 2023, according to Uswitch Limited, a UK-based financial conduct authority, beginning in 2022, there were 71.8 million smartphones in the UK, a 3.8% (or around 2.6 million) increase over 2021. Further, by 2025, there will be 68.3 million people living in the UK, of whom 95% (or about 65 million people) will have smartphones. Therefore, the rise in demand for consumer electronic devices is driving the growth of the onboard magnetic sensors market.

 

Key Industry Players

Major companies operating in the on-board magnetic sensor market report are Honeywell International Inc., Asahi Kasei Microdevices Corporation, Texas Instruments Incorporated, Infineon Technologies AG, TE Connectivity Ltd., STMicroelectronics NV, TDK Corporation, Murata Manufacturing Co. Ltd., NXP Semiconductors N.V., Analog Devices Inc., Alps Electric Co Ltd., ams OSRAM AG, Littelfuse Inc., Diodes Incorporated, Sanken Electric Co Ltd., Melexis NV, Mouser Electronics Inc., Allegro Microsystems Inc., Pepperl+Fuchs GmbH, MTS Systems Corporation, Macome Corporation, ABLIC Inc., MEMSIC Semiconductor Co. Ltd., MikroElektronika spol. S r. o, SparkFun Electronics Inc., Senseonics Holdings Inc., Sensitec GmbH

 

The on-board magnetic sensor market report table of contents includes:

1. Executive Summary
2. On-Board Magnetic Sensor Market Characteristics
3. On-Board Magnetic Sensor Market Trends And Strategies
4. On-Board Magnetic Sensor Market – Macro Economic Scenario
5. Global On-Board Magnetic Sensor Market Size and Growth
6. On-Board Magnetic Sensor Market Segmentation
7. On-Board Magnetic Sensor Market Regional And Country Analysis

…………….

34. Key Mergers And Acquisitions In The On-Board Magnetic Sensor Market
35. On-Board Magnetic Sensor Market Future Outlook and Potential Analysis
36. Appendix

 

List Of Tables:

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global On-Board Magnetic Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global On-Board Magnetic Sensor Market, Segmentation By Magnetic Density, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global On-Board Magnetic Sensor Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

…………..

Table 74: Honeywell International Inc. Financial Performance

Table 75: Asahi Kasei Microdevices Corporation Financial Performance

Table 76: Texas Instruments Incorporated Financial Performance

Table 77: Infineon Technologies AG Financial Performance

Table 78: TE Connectivity Ltd. Financial Performance

 

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