Global Magnetic Sensor Market Size & Outlook
The magnetic sensor industry worldwide is expected to reach a projected revenue of US$ 3,221.7 million by 2025. A compound annual growth rate of 6.8% is expected of the worldwide magnetic sensor industry from 2020 to 2025.
Revenue, 2019 (US$M)
$2,173.7
Forecast, 2025 (US$M)
$3,221.7
CAGR, 2020 - 2025
6.8%
Report Coverage
Worldwide
Global magnetic sensor market, 2014-2025 (US$M)
Related Markets
Global magnetic sensor market highlights
- The global magnetic sensor market generated a revenue of USD 2,173.7 million in 2019 and is expected to reach USD 3,221.7 million by 2025.
- The market is expected to grow at a CAGR (2020 - 2025) of 6.8% by 2025.
- In terms of segment, hall effect accounted for a revenue of USD 673.9 million in 2019.
- TMR is the most lucrative technology segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2019.
- Country-wise, Canada is expected to register the highest CAGR from 2020 to 2025.
Global data book summary
| Market revenue in 2019 | USD 2,173.7 million |
| Market revenue in 2025 | USD 3,221.7 million |
| Growth rate | 6.8% (CAGR from 2019 to 2025) |
| Largest segment | Hall effect |
| Fastest growing segment | TMR |
| Historical data covered | 2014 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2025 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hall effect, AMR, GMR, TMR |
Other key industry trends
- In terms of revenue, the North America accounted for 25.6% of the global magnetic sensor market in 2019.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2025.
- By country, Canada is the fastest growing regional market and is projected to reach USD 110.4 million by 2025.
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Magnetic Sensor Market Scope
Magnetic sensor market segmentation & scope
Magnetic Sensor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global magnetic sensor market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to magnetic sensor market will help companies and investors design strategic landscapes.
hall effect was the largest segment with a revenue share of 31% in 2019. Horizon Databook has segmented the Global magnetic sensor market based on hall effect, amr, gmr, tmr covering the revenue growth of each sub-segment from 2014 to 2025.
- Global Magnetic Sensor Technology Outlook (Revenue, USD Million, 2014-2025)
- Hall effect
- AMR
- GMR
- TMR
- Others
- Global Magnetic Sensor Application Outlook (Revenue, USD Million, 2014-2025)
- Automotive
- Consumer Electronics
- Industrial
- Others
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Target buyers of Global magnetic sensor market databook
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Our clientele includes a mix of magnetic sensor market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global magnetic sensor market , including forecasts for subscribers. This global databook contains high-level insights into Global magnetic sensor market from 2014 to 2025, including revenue numbers, major trends, and company profiles.
Partial client list
Global magnetic sensor market statistics, by region, 2014-2025 (US$M)
Top 10 countries: Magnetic sensor market size, 2019 (USD Million)
Top 10 countries: Magnetic sensor market size, 2019 (USD Million)
Global magnetic sensor market, by region, 2019 (US$M)
Related regional statistics
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