India Magnetic Sensor Market Size & Outlook, 2019-2025

The magnetic sensor market in India is expected to reach a projected revenue of US$ 459.3 million by 2025. A compound annual growth rate of 9.6% is expected of India magnetic sensor market from 2020 to 2025.
Revenue, 2019 (US$M)
$265.7
Forecast, 2025 (US$M)
$459.3
CAGR, 2020 - 2025
9.6%
Report Coverage
India

India magnetic sensor market highlights

  • The India magnetic sensor market generated a revenue of USD 265.7 million in 2019 and is expected to reach USD 459.3 million by 2025.
  • The India market is expected to grow at a CAGR of 9.6% from 2020 to 2025.
  • In terms of segment, hall effect was the largest revenue generating technology in 2019.
  • TMR is the most lucrative technology segment registering the fastest growth during the forecast period.

Magnetic sensor market data book summary

Market revenue in 2019USD 265.7 million
Market revenue in 2025USD 459.3 million
Growth rate9.6% (CAGR from 2019 to 2025)
Largest segmentHall effect
Fastest growing segmentTMR
Historical data2014 - 2018
Base year2019
Forecast period2020 - 2025
Quantitative unitsRevenue in USD million
Market segmentationHall effect, AMR, GMR, TMR
Key market players worldwideAsahi Kasei Corp, Elmos Semiconductor SE, Honeywell International Inc, Allegro Microsystems Inc Ordinary Shares, NVE Corp, NXP Semiconductors NV

Other key industry trends

  • In terms of revenue, India accounted for 12.2% of the global magnetic sensor market in 2019.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2025.
  • In Asia Pacific, China magnetic sensor market is projected to lead the regional market in terms of revenue in 2025.
  • Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 396.6 million by 2025.

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Magnetic Sensor Market Scope

Magnetic Sensor Market Companies

Name Profile # Employees HQ Website

India 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 32.18% in 2019. Horizon Databook has segmented the India magnetic sensor market based on hall effect, amr, gmr, tmr covering the revenue growth of each sub-segment from 2014 to 2025.


  • India Magnetic Sensor Technology Outlook (Revenue, USD Million, 2014-2025)
    • Hall effect
    • AMR
    • GMR
    • TMR
    • Others
  • India Magnetic Sensor Application Outlook (Revenue, USD Million, 2014-2025)
    • Automotive
    • Consumer Electronics
    • Industrial
    • Others

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  • Our clientele includes a mix of magnetic sensor market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the India magnetic sensor market , including forecasts for subscribers. This country databook contains high-level insights into India magnetic sensor market from 2014 to 2025, including revenue numbers, major trends, and company profiles.

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India magnetic sensor market size, by technology, 2014-2025 (US$M)

India Magnetic Sensor Market Outlook Share, 2019 & 2025 (US$M)

India magnetic sensor market size, by technology, 2014-2025 (US$M)

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