India Magnetic Sensor Market Size & Outlook, 2025-2030
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India magnetic sensor market highlights
- The India magnetic sensor market generated a revenue of USD 421.4 million in 2024 and is expected to reach USD 701.8 million by 2030.
- The India market is expected to grow at a CAGR of 8.8% from 2025 to 2030.
- In terms of segment, hall effect was the largest revenue generating technology in 2024.
- TMR is the most lucrative technology segment registering the fastest growth during the forecast period.
Magnetic sensor market data book summary
| Market revenue in 2024 | USD 421.4 million |
| Market revenue in 2030 | USD 701.8 million |
| Growth rate | 8.8% (CAGR from 2025 to 2030) |
| Largest segment | Hall effect |
| Fastest growing segment | TMR |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hall effect, AMR, GMR, TMR |
| Key market players worldwide | Asahi 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 13.9% of the global magnetic sensor market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China magnetic sensor market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 625.0 million by 2030.
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Magnetic Sensor Market Scope
Magnetic Sensor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| NVE Corp | View profile | 54 | 11409 Valley View Road, Eden Prarie, MN, United States, 55344 | https://www.nve.com |
| Allegro Microsystems Inc Ordinary Shares | View profile | 4593 | 955 Perimeter Road, Manchester, NH, United States, 03103 | https://www.allegromicro.com |
| Elmos Semiconductor SE | View profile | 1282 | Heinrich-Hertz-Strasse 1, Dortmund, NW, Germany, 44227 | https://www.elmos.com |
| NXP Semiconductors NV | View profile | 34200 | 60 High Tech Campus, Eindhoven, NB, Netherlands, 5656 AG | https://www.nxp.com |
| Asahi Kasei Corp | View profile | 48897 | 1-105 Kanda Jinbocho, Chiyoda-ku, Tokyo, Japan, 101-8101 | http://www.asahi-kasei.co.jp |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
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 32.25% in 2024. 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 2018 to 2030.
- India Magnetic Sensor Technology Outlook (Revenue, USD Million, 2018-2030)
- Hall effect
- AMR
- GMR
- TMR
- Others
- India Magnetic Sensor Application Outlook (Revenue, USD Million, 2018-2030)
- Automotive
- Consumer Electronics
- Industrial
- Others
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Target buyers of India 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
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 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
India Technology - Magnetic Sensor Market size, 2024 - 2030 (US$M)
India Magnetic Sensor Market Outlook Share, 2024 & 2030 (US$M)
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