Global On-Board Magnetic Sensor Market Trends and Growth Analysis 2025–2029

November 14, 2025 by The Business Research Company

Unlock Global Insights – Save 20% on Market Reports with Code ONLINE20

How Does The Market Size Of The On-Board Magnetic Sensor Industry Compare Between 2025 And 2029?

The market for magnetic sensors installed within vehicles has experienced robust expansion lately, anticipated to increase from a valuation of $1.57 billion in 2024 to $1.67 billion by 2025, reflecting a compound annual growth rate of 6.4%; this upward trajectory during the past period is fundamentally linked to escalating consumer electronics consumption, advancements in industrial automation processes, ongoing trends toward smaller components and lower expenses, increased funding for research and development, and the growing renewable energy sector.

Anticipation surrounds the onboard magnetic sensor sector, forecasting considerable expansion over the coming half-decade, with valuations projected to reach $2.25 billion come 2029, underpinned by a steady compound annual growth rate of 7.8%. This predicted upswing in market size across the projection timeline is largely fueled by the broadening integration of 5G and enhanced connectivity solutions, the proliferation of intelligent infrastructure, the advancement of artificial intelligence and machine learning applications, alongside the rising deployment of augmented and virtual reality technologies. Key developments poised to shape this market throughout the forecasting window encompass ongoing innovation in sensor technology, the increasing relevance of MEMS-based magnetic sensors, demonstrable improvements in vehicle safety mechanisms, deeper integration alongside various other sensor types, and a sustained focus on developing power-efficient sensing apparatus.

Unlock Your Free Sample Report for Exclusive Market Data:

https://www.thebusinessresearchcompany.com/sample.aspx?id=12232&type=smp

Which Industry Drivers Are Expected To Accelerate The On-Board Magnetic Sensor Market From 2025 To 2029?

The sustained escalation in the need for personal electronic gadgets is anticipated to fuel the expansion of the onboard magnetic sensors market in the near future; these devices encompass portable digital or electronic items meant for consistent procurement and application by general consumers or end-users, with onboard magnetic sensors serving vital functions within them, such as determining speed, orientation, angular displacement, and rotation, as exemplified by data from Uswitch Limited, a UK financial regulator, indicating that as of February 2023, the presence of smartphones in the United Kingdom reached 71.8 million units beginning in 2022, marking an approximate 2.6 million, or 3.8 percent, uptick from the preceding year, with projections suggesting that by 2025, out of the 68.3 million inhabitants in the UK, a substantial 95 percent, translating to roughly 65 million individuals, will own a smartphone, consequently underscoring that the increased appetite for consumer electronics is a primary catalyst behind the expanding market for onboard magnetic sensors.

What Are The Major Segment Types Covered In The On-Board Magnetic Sensor Market?

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

Subsegments:

1) By Hall Effect Sensors: Linear Hall Effect Sensors, Rotary Hall Effect Sensors, Digital Hall Effect Sensors

2) By SQUID (Superconducting Quantum Interference Device) Sensors: DC SQUID Sensors, RF SQUID Sensors

3) By Magneto Resistive Sensors: Anisotropic Magneto Resistive (AMR) Sensors, Giant Magneto Resistive (GMR) Sensors, Tunnel Magneto Resistive (TMR) Sensors

4) By Other Types: Fluxgate Sensors, Inductive Sensors, Magnetoelastic Sensors

Which Key Trends Are Expected To Influence The On-Board Magnetic Sensor Market In The Coming Years?

A significant observable pattern shaping the onboard magnetic sensor market is the continuous progression of technology; key players within this sector are actively integrating novel technological solutions to uphold their competitive standing. For example, in January of 2022, the United States technology firm Allegro MicroSystems Inc. released the A33110 and A33115, which are fresh magnetic position sensors specifically engineered for use in applications related to advanced driver assistance systems (ADAS). These particular devices leverage a combination of vertical Hall Technology (VHT) alongside state-of-the-art tunneling magnetoresistance (TMR) technology, all consolidated within a single sensor packaging unit. This innovative approach successfully merges supreme accuracy within the industry with integrated redundancy, a crucial feature for systems where safety is paramount, by utilizing both TMR and vertical Hall elements.

Which Global Market Leaders Are Shaping The Future Of The On-Board Magnetic Sensor Sector?

Major companies operating in the on-board magnetic sensor market include 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, Allegro Microsystems Inc., Pepperl+Fuchs GmbH, Macome Corporation, ABLIC Inc., MEMSIC Semiconductor Co. Ltd., MikroElektronika spol. S r. o, SparkFun Electronics Inc., Senseonics Holdings Inc., Sensitec GmbH

Download The Full Report For Exclusive Market Findings:

https://www.thebusinessresearchcompany.com/report/on-board-magnetic-sensor-global-market-report

How Does The On-Board Magnetic Sensor Market Perform Across Key Geographic Regions?

Asia-Pacific was the largest region in the on-board magnetic sensors market in 2024. The regions covered in the onboard magnetic sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Request A Customized Version Of The On-Board Magnetic Sensor Market Report:

https://www.thebusinessresearchcompany.com/customise?id=12232&type=smp

Browse Through More Reports Similar to the Global On-Board Magnetic Sensor Market 2025, By The Business Research Company

Boiler Tank And Shipping Container Global Market Report 2025

https://www.thebusinessresearchcompany.com/report/boiler-tank-and-shipping-container-global-market-report

Heating Equipment Global Market Report 2025

https://www.thebusinessresearchcompany.com/report/heating-equipment-global-market-report

District Heating Global Market Report 2025

https://www.thebusinessresearchcompany.com/report/district-heating-global-market-report

Get in touch with us:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 310-496-7795