Magnetic field sensor market 2023-2027: A descriptive analysis of five forces model, market dynamics, and segmentation – Technavio

NEW YORK, Feb. 10, 2023 /PRNewswire/ — According to Technavio, the global magnetic field sensor market size is estimated to grow by USD 2,718.4 million from 2022 to 2027. The market is estimated to grow at a CAGR of 9.29% during the forecast period. Moreover, the growth momentum will accelerate. APAC will account for 56% of the market’s growth during the forecast period. The report also includes historic market data from 2017 to 2021. In 2017, the magnetic field sensor market was valued at USD 3,278.94 million. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. For more insights on the market, Request a sample report

Magnetic field sensor market – Five forces
The global magnetic field sensor market is fragmented, and the five forces analysis covers– 

• Bargaining power of buyers 
• The threat of new entrants
• Threat of rivalry
• Bargaining power of suppliers
• Threat of substitutes
• For an interpretation of Porter’s five forces model – Buy the report!

Magnetic field sensor market – Customer landscape 

The report includes the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Magnetic field sensor market – Segmentation assessment

Segment overview
Technavio has segmented the market based on application (automotive, consumer electronics, industrial, and others), technology (hall-effect sensors, magnetoresistive sensors, MEMS sensors, and others). 

• The automotive segment will account for a significant share of the market’s growth during the forecast period. Magnetic field sensors are used in automotive applications for various functions, such as light detection. Gear detection sensors are one of the types of sensors used in the automotive segment. The rise in investments in autonomous cars is driving the growth of this segment.

Geography overview
Based on geography, the global magnetic field sensor market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global magnetic field sensor market.

• APAC is estimated to account for 56% of the growth of the global market during the forecast period. The region is home to many automotive manufacturers, including Toyota Motor, Nissan Motor, and Mitsubishi Motors. In addition, APAC has abundant availability of raw materials and low establishment and labor costs. This has encouraged companies to set up their production centers in the region. Moreover, the consumption of cars, smartphones, and tablets has increased owing to a rise in disposable income. These factors are driving the demand for magnetic field sensors in the region.

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Magnetic field sensor market – Market dynamics
Key factor driving market growth

• The growing demand for e-compasses is driving the market growth.
• Magnetic field sensors are key components of e-compasses, as they help determine the direction.
• Self-driven cars will require numerous magnetic field sensors to ensure that the vehicle moves in the right direction.
• E-compasses are also used as navigation tools in gaming devices, tablets, and smartphones.
• Therefore, the demand for magnetic field sensors is expected to rise during the forecast period.

Leading trends influencing the market 

• Location-based tracking through LTE and LTE-A is a key trend in the market.
• The rise in smartphone penetration and developments in technology standards such as LTE and LTE-A will provide new opportunities for magnetic field sensors.
• Real-time tracking uses advanced technologies and magnetic field sensors to locate distant objects.
• Therefore, the evolution of location-based tracking for monitoring and locating will require magnetic field sensors.
• The above factors will fuel the demand for magnetic field sensors during the forecast period.

Major challenges hindering market growth

• The increasing time-to-market due to long-drawn design may challenge the market growth.
• The fabrication of thin-film magnetic microstructures needs the deposition of conductors, insulators, and other materials for the efficient functioning of magnetic field sensors.
• However, most manufacturers use thin-film metal alloys, which lack the required characteristics.
• Moreover, the in-house calibration techniques used by manufacturers also increase the time-to-market for magnetic field sensors significantly.
• The above factors will hinder the growth of the magnetic field sensors market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this magnetic field sensor market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the magnetic field sensor market between 2023 and 2027
• Precise estimation of the size of the magnetic field sensor market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the magnetic field sensor market across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of magnetic field sensor market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global magnetic field sensor market 2017 – 2021
• Exhibit 18: Historic Market Size – Data Table on Global magnetic field sensor market 2017 – 2021 ($ million)

• 4.2 Application Segment Analysis 2017 – 2021
• Exhibit 19: Historic Market Size – Application Segment 2017 – 2021 ($ million)

• 4.3 Technology Segment Analysis 2017 – 2021
• Exhibit 20: Historic Market Size – Technology Segment 2017 – 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application – Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Automotive – Market size and forecast 2022-2027
• Exhibit 34: Chart on Automotive – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Automotive – Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Automotive – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Automotive – Year-over-year growth 2022-2027 (%)

• 6.4 Consumer electronics – Market size and forecast 2022-2027
• Exhibit 38: Chart on Consumer electronics – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Consumer electronics – Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Consumer electronics – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Consumer electronics – Year-over-year growth 2022-2027 (%)

• 6.5 Industrial – Market size and forecast 2022-2027
• Exhibit 42: Chart on Industrial – Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Industrial – Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Industrial – Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Industrial – Year-over-year growth 2022-2027 (%)

• 6.6 Others – Market size and forecast 2022-2027
• Exhibit 46: Chart on Others – Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Others – Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Others – Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Others – Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Application 
• Exhibit 50: Market opportunity by Application ($ million)

7 Market Segmentation by Technology

• 7.1 Market segments 
• Exhibit 51: Chart on Technology – Market share 2022-2027 (%)
• Exhibit 52: Data Table on Technology – Market share 2022-2027 (%)

• 7.2 Comparison by Technology 
• Exhibit 53: Chart on Comparison by Technology
• Exhibit 54: Data Table on Comparison by Technology

• 7.3 Hall-effect sensors – Market size and forecast 2022-2027
• Exhibit 55: Chart on Hall-effect sensors – Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Hall-effect sensors – Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Hall-effect sensors – Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Hall-effect sensors – Year-over-year growth 2022-2027 (%)

• 7.4 Magnetoresistive sensors – Market size and forecast 2022-2027 
• Exhibit 59: Chart on Magnetoresistive sensors – Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Magnetoresistive sensors – Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Magnetoresistive sensors – Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Magnetoresistive sensors – Year-over-year growth 2022-2027 (%)

• 7.5 MEMS sensors – Market size and forecast 2022-2027
• Exhibit 63: Chart on MEMS sensors – Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on MEMS sensors – Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on MEMS sensors – Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on MEMS sensors – Year-over-year growth 2022-2027 (%)

• 7.6 Others – Market size and forecast 2022-2027 
• Exhibit 67: Chart on Others – Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on Others – Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on Others – Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Others – Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Technology 
• Exhibit 71: Market opportunity by Technology ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 73: Chart on Market share by geography 2022-2027 (%)
• Exhibit 74: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 75: Chart on Geographic comparison
• Exhibit 76: Data Table on Geographic comparison

• 9.3 APAC – Market size and forecast 2022-2027
• Exhibit 77: Chart on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.4 North America – Market size and forecast 2022-2027
• Exhibit 81: Chart on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.5 Europe – Market size and forecast 2022-2027
• Exhibit 85: Chart on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.6 South America – Market size and forecast 2022-2027
• Exhibit 89: Chart on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 93: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.8 China – Market size and forecast 2022-2027 
• Exhibit 97: Chart on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.9 US – Market size and forecast 2022-2027
• Exhibit 101: Chart on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.10 Germany – Market size and forecast 2022-2027
• Exhibit 105: Chart on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.11 Japan – Market size and forecast 2022-2027
• Exhibit 109: Chart on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on Japan – Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on Japan – Year-over-year growth 2022-2027 (%)

• 9.12 South Korea – Market size and forecast 2022-2027
• Exhibit 113: Chart on South Korea – Market size and forecast 2022-2027 ($ million)
• Exhibit 114: Data Table on South Korea – Market size and forecast 2022-2027 ($ million)
• Exhibit 115: Chart on South Korea – Year-over-year growth 2022-2027 (%)
• Exhibit 116: Data Table on South Korea – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 117: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 118: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 119: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 120: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 121: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 122: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 123: Matrix on vendor position and classification

• 12.3 Allegro MicroSystems Inc. 
• Exhibit 124: Allegro MicroSystems Inc. – Overview
• Exhibit 125: Allegro MicroSystems Inc. – Product / Service
• Exhibit 126: Allegro MicroSystems Inc. – Key offerings

• 12.4 ams AG 
• Exhibit 127: ams AG – Overview
• Exhibit 128: ams AG – Business segments
• Exhibit 129: ams AG – Key news
• Exhibit 130: ams AG – Key offerings
• Exhibit 131: ams AG – Segment focus

• 12.5 Analog Devices Inc. 
• Exhibit 132: Analog Devices Inc. – Overview
• Exhibit 133: Analog Devices Inc. – Business segments
• Exhibit 134: Analog Devices Inc. – Key offerings
• Exhibit 135: Analog Devices Inc. – Segment focus

• 12.6 Asahi Kasei Corp. 
• Exhibit 136: Asahi Kasei Corp. – Overview
• Exhibit 137: Asahi Kasei Corp. – Business segments
• Exhibit 138: Asahi Kasei Corp. – Key news
• Exhibit 139: Asahi Kasei Corp. – Key offerings
• Exhibit 140: Asahi Kasei Corp. – Segment focus

• 12.7 Balluff GmbH 
• Exhibit 141: Balluff GmbH – Overview
• Exhibit 142: Balluff GmbH – Product / Service
• Exhibit 143: Balluff GmbH – Key offerings

• 12.8 Baumer Holding AG 
• Exhibit 144: Baumer Holding AG – Overview
• Exhibit 145: Baumer Holding AG – Product / Service
• Exhibit 146: Baumer Holding AG – Key offerings

• 12.9 Crocus Technology International Corp. 
• Exhibit 147: Crocus Technology International Corp. – Overview
• Exhibit 148: Crocus Technology International Corp. – Product / Service
• Exhibit 149: Crocus Technology International Corp. – Key offerings

• 12.10 Honeywell International Inc. 
• Exhibit 150: Honeywell International Inc. – Overview
• Exhibit 151: Honeywell International Inc. – Business segments
• Exhibit 152: Honeywell International Inc. – Key news
• Exhibit 153: Honeywell International Inc. – Key offerings
• Exhibit 154: Honeywell International Inc. – Segment focus

• 12.11 Infineon Technologies AG 
• Exhibit 155: Infineon Technologies AG – Overview
• Exhibit 156: Infineon Technologies AG – Business segments
• Exhibit 157: Infineon Technologies AG – Key news
• Exhibit 158: Infineon Technologies AG – Key offerings
• Exhibit 159: Infineon Technologies AG – Segment focus

• 12.12 Lake Shore Cryotronics Inc. 
• Exhibit 160: Lake Shore Cryotronics Inc. – Overview
• Exhibit 161: Lake Shore Cryotronics Inc. – Product / Service
• Exhibit 162: Lake Shore Cryotronics Inc. – Key offerings

• 12.13 Melexis NV 
• Exhibit 163: Melexis NV – Overview
• Exhibit 164: Melexis NV – Product / Service
• Exhibit 165: Melexis NV – Key offerings

• 12.14 NVE Corp. 
• Exhibit 166: NVE Corp. – Overview
• Exhibit 167: NVE Corp. – Product / Service
• Exhibit 168: NVE Corp. – Key offerings

• 12.15 NXP Semiconductors NV 
• Exhibit 169: NXP Semiconductors NV – Overview
• Exhibit 170: NXP Semiconductors NV – Product / Service
• Exhibit 171: NXP Semiconductors NV – Key news
• Exhibit 172: NXP Semiconductors NV – Key offerings

• 12.16 TDK Corp. 
• Exhibit 173: TDK Corp. – Overview
• Exhibit 174: TDK Corp. – Business segments
• Exhibit 175: TDK Corp. – Key news
• Exhibit 176: TDK Corp. – Key offerings
• Exhibit 177: TDK Corp. – Segment focus

• 12.17 TE Connectivity Ltd. 
• Exhibit 178: TE Connectivity Ltd. – Overview
• Exhibit 179: TE Connectivity Ltd. – Business segments
• Exhibit 180: TE Connectivity Ltd. – Key offerings
• Exhibit 181: TE Connectivity Ltd. – Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 182: Inclusions checklist
• Exhibit 183: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 184: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 185: Research methodology
• Exhibit 186: Validation techniques employed for market sizing
• Exhibit 187: Information sources

• 13.5 List of abbreviations 
• Exhibit 188: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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