The North America Magnetic Sensor Market would witness market growth of 5.1% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 359.4 million Units, showcasing a growth of 5.3% (2019-2022).
Magnetic sensors are utilized in energy applications, contributing to the efficient functioning of power plants' generators, turbines, and various components. They aid in monitoring and controlling processes critical to power generation. The aerospace and defense sectors leverage magnetic sensors for navigation, orientation, and positioning in aircraft, satellites, and military equipment. The precision and reliability of magnetic sensors are paramount in ensuring the accuracy of navigation systems.
Dynamic trends reflecting industries' evolving needs and technological advancements characterize the market. Moreover, magnetoresistive sensors have gained prominence in the market due to their high sensitivity and reliability. Based on the magnetoresistance effect, these sensors offer improved performance in various applications, including automotive, industrial, and consumer electronics. The shift towards magnetoresistive technology is a notable trend driving the market innovation.
As per the data given by the International Trade Administration, one of the world's biggest automobile marketplaces is in the United States. 14.5 million light vehicles were sold in the United States in 2020. The world's second-largest sector for car sales and production is the United States. According to Autos Drive America, 5 million vehicles were produced in the US by foreign automakers in 2020. The automotive industry is at the forefront of innovation. Nearly 70 R&D centers established in the United States are now used by international automakers. Therefore, the increase in motor vehicle demand in North America will boost the demand for magnetic sensors in the region.
The US market dominated the North America Magnetic Sensor Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,161.1 million by 2030. The Canada market is showcasing a CAGR of 7.5% during (2023 - 2030). Additionally, The Mexico market would register a CAGR of 6.6% during (2023 - 2030).
Based on End-use, the market is segmented into Automotive, Consumer Electronics, Industrial, and Others. Based on Technology, the market is segmented into Hall Effect, Anisotropic Magnetoresistance, Giant Magnetoresistance, Tunnel Magnetoresistance, and Others. Based on Application, the market is segmented into Position Sensing, Speed Sensing, Detection/NDT, Navigation & Electronic Compass, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Magnetic Sensor Market is Predict to reach $5.9 Billion by 2030, at a CAGR of 5.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Honeywell International, Inc., Microsemi Corporation (Microchip Technology), NVE Corporation, NXP Semiconductors N.V., Robert Bosch GmbH, TDK Corporation, MEMSIC Semiconductor Co., Ltd. (IDG Capital Investment Consultant Beijing Co Ltd.), Infineon Technologies AG, Magnetic Sensors Corporation and MultiDimension Technology Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By End-use (Volume, Million Units, USD Billion/Million, 2019-2030)
- Automotive
- Consumer Electronics
- Industrial
- Others
By Technology (Volume, Million Units, USD Billion/Million, 2019-2030)
- Hall Effect
- Anisotropic Magnetoresistance
- Giant Magnetoresistance
- Tunnel Magnetoresistance
- Others
By Application (Volume, Million Units, USD Billion/Million, 2019-2030)
- Position Sensing
- Speed Sensing
- Detection/NDT
- Navigation & Electronic Compass
- Others
By Country (Volume, Million Units, USD Billion/Million, 2019-2030)
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Honeywell International, Inc.
- Microsemi Corporation (Microchip Technology)
- NVE Corporation
- NXP Semiconductors N.V.
- Robert Bosch GmbH
- TDK Corporation
- MEMSIC Semiconductor Co., Ltd. (IDG Capital Investment Consultant Beijing Co Ltd.)
- Infineon Technologies AG
- Magnetic Sensors Corporation
- MultiDimension Technology Co., Ltd.
TABLE 1 North America Magnetic Sensor Market, 2019 - 2022, USD Million
TABLE 2 North America Magnetic Sensor Market, 2023 - 2030, USD Million
TABLE 3 North America Magnetic Sensor Market, 2019 - 2022, Million Units
TABLE 4 North America Magnetic Sensor Market, 2023 - 2030, Million Units
TABLE 5 Partnerships, Collaborations and Agreements– Magnetic Sensor Market
TABLE 6 Product Launches And Product Expansions– Magnetic Sensor Market
TABLE 7 Acquisition and Mergers– Magnetic Sensor Market
TABLE 8 North America Magnetic Sensor Market by End-use, 2019 - 2022, USD Million
TABLE 9 North America Magnetic Sensor Market by End-use, 2023 - 2030, USD Million
TABLE 10 North America Magnetic Sensor Market by End-use, 2019 - 2022, Million Units
TABLE 11 North America Magnetic Sensor Market by End-use, 2023 - 2030, Million Units
TABLE 12 North America Automotive Market by Country, 2019 - 2022, USD Million
TABLE 13 North America Automotive Market by Country, 2023 - 2030, USD Million
TABLE 14 North America Automotive Market by Country, 2019 - 2022, Million Units
TABLE 15 North America Automotive Market by Country, 2023 - 2030, Million Units
TABLE 16 North America Consumer Electronics Market by Country, 2019 - 2022, USD Million
TABLE 17 North America Consumer Electronics Market by Country, 2023 - 2030, USD Million
TABLE 18 North America Consumer Electronics Market by Country, 2019 - 2022, Million Units
TABLE 19 North America Consumer Electronics Market by Country, 2023 - 2030, Million Units
TABLE 20 North America Industrial Market by Country, 2019 - 2022, USD Million
TABLE 21 North America Industrial Market by Country, 2023 - 2030, USD Million
TABLE 22 North America Industrial Market by Country, 2019 - 2022, Million Units
TABLE 23 North America Industrial Market by Country, 2023 - 2030, Million Units
TABLE 24 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 25 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 26 North America Others Market by Country, 2019 - 2022, Million Units
TABLE 27 North America Others Market by Country, 2023 - 2030, Million Units
TABLE 28 North America Magnetic Sensor Market by Technology, 2019 - 2022, USD Million
TABLE 29 North America Magnetic Sensor Market by Technology, 2023 - 2030, USD Million
TABLE 30 North America Magnetic Sensor Market by Technology, 2019 - 2022, Million Units
TABLE 31 North America Magnetic Sensor Market by Technology, 2023 - 2030, Million Units
TABLE 32 North America Hall Effect Market by Country, 2019 - 2022, USD Million
TABLE 33 North America Hall Effect Market by Country, 2023 - 2030, USD Million
TABLE 34 North America Hall Effect Market by Country, 2019 - 2022, Million Units
TABLE 35 North America Hall Effect Market by Country, 2023 - 2030, Million Units
TABLE 36 North America Anisotropic Magnetoresistance Market by Country, 2019 - 2022, USD Million
TABLE 37 North America Anisotropic Magnetoresistance Market by Country, 2023 - 2030, USD Million
TABLE 38 North America Anisotropic Magnetoresistance Market by Country, 2019 - 2022, Million Units
TABLE 39 North America Anisotropic Magnetoresistance Market by Country, 2023 - 2030, Million Units
TABLE 40 North America Giant Magnetoresistance Market by Country, 2019 - 2022, USD Million
TABLE 41 North America Giant Magnetoresistance Market by Country, 2023 - 2030, USD Million
TABLE 42 North America Giant Magnetoresistance Market by Country, 2019 - 2022, Million Units
TABLE 43 North America Giant Magnetoresistance Market by Country, 2023 - 2030, Million Units
TABLE 44 North America Tunnel Magnetoresistance Market by Country, 2019 - 2022, USD Million
TABLE 45 North America Tunnel Magnetoresistance Market by Country, 2023 - 2030, USD Million
TABLE 46 North America Tunnel Magnetoresistance Market by Country, 2019 - 2022, Million Units
TABLE 47 North America Tunnel Magnetoresistance Market by Country, 2023 - 2030, Million Units
TABLE 48 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 49 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 50 North America Others Market by Country, 2019 - 2022, Million Units
TABLE 51 North America Others Market by Country, 2023 - 2030, Million Units
TABLE 52 North America Magnetic Sensor Market by Application, 2019 - 2022, USD Million
TABLE 53 North America Magnetic Sensor Market by Application, 2023 - 2030, USD Million
TABLE 54 North America Magnetic Sensor Market by Application, 2019 - 2022, Million Units
TABLE 55 North America Magnetic Sensor Market by Application, 2023 - 2030, Million Units
TABLE 56 North America Position Sensing Market by Country, 2019 - 2022, USD Million
TABLE 57 North America Position Sensing Market by Country, 2023 - 2030, USD Million
TABLE 58 North America Position Sensing Market by Country, 2019 - 2022, Million Units
TABLE 59 North America Position Sensing Market by Country, 2023 - 2030, Million Units
TABLE 60 North America Speed Sensing Market by Country, 2019 - 2022, USD Million
TABLE 61 North America Speed Sensing Market by Country, 2023 - 2030, USD Million
TABLE 62 North America Speed Sensing Market by Country, 2019 - 2022, Million Units
TABLE 63 North America Speed Sensing Market by Country, 2023 - 2030, Million Units
TABLE 64 North America Detection/NDT Market by Country, 2019 - 2022, USD Million
TABLE 65 North America Detection/NDT Market by Country, 2023 - 2030, USD Million
TABLE 66 North America Detection/NDT Market by Country, 2019 - 2022, Million Units
TABLE 67 North America Detection/NDT Market by Country, 2023 - 2030, Million Units
TABLE 68 North America Navigation & Electronic Compass Market by Country, 2019 - 2022, USD Million
TABLE 69 North America Navigation & Electronic Compass Market by Country, 2023 - 2030, USD Million
TABLE 70 North America Navigation & Electronic Compass Market by Country, 2019 - 2022, Million Units
TABLE 71 North America Navigation & Electronic Compass Market by Country, 2023 - 2030, Million Units
TABLE 72 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 73 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 74 North America Others Market by Country, 2019 - 2022, Million Units
TABLE 75 North America Others Market by Country, 2023 - 2030, Million Units
TABLE 76 North America Magnetic Sensor Market by Country, 2019 - 2022, USD Million
TABLE 77 North America Magnetic Sensor Market by Country, 2023 - 2030, USD Million
TABLE 78 North America Magnetic Sensor Market by Country, 2019 - 2022, Million Units
TABLE 79 North America Magnetic Sensor Market by Country, 2023 - 2030, Million Units
TABLE 80 US Magnetic Sensor Market, 2019 - 2022, USD Million
TABLE 81 US Magnetic Sensor Market, 2023 - 2030, USD Million
TABLE 82 US Magnetic Sensor Market, 2019 - 2022, Million Units
TABLE 83 US Magnetic Sensor Market, 2023 - 2030, Million Units
TABLE 84 US Magnetic Sensor Market by End-use, 2019 - 2022, USD Million
TABLE 85 US Magnetic Sensor Market by End-use, 2023 - 2030, USD Million
TABLE 86 US Magnetic Sensor Market by End-use, 2019 - 2022, Million Units
TABLE 87 US Magnetic Sensor Market by End-use, 2023 - 2030, Million Units
TABLE 88 US Magnetic Sensor Market by Technology, 2019 - 2022, USD Million
TABLE 89 US Magnetic Sensor Market by Technology, 2023 - 2030, USD Million
TABLE 90 US Magnetic Sensor Market by Technology, 2019 - 2022, Million Units
TABLE 91 US Magnetic Sensor Market by Technology, 2023 - 2030, Million Units
TABLE 92 US Magnetic Sensor Market by Application, 2019 - 2022, USD Million
TABLE 93 US Magnetic Sensor Market by Application, 2023 - 2030, USD Million
TABLE 94 US Magnetic Sensor Market by Application, 2019 - 2022, Million Units
TABLE 95 US Magnetic Sensor Market by Application, 2023 - 2030, Million Units
TABLE 96 Canada Magnetic Sensor Market, 2019 - 2022, USD Million
TABLE 97 Canada Magnetic Sensor Market, 2023 - 2030, USD Million
TABLE 98 Canada Magnetic Sensor Market, 2019 - 2022, Million Units
TABLE 99 Canada Magnetic Sensor Market, 2023 - 2030, Million Units
TABLE 100 Canada Magnetic Sensor Market by End-use, 2019 - 2022, USD Million
TABLE 101 Canada Magnetic Sensor Market by End-use, 2023 - 2030, USD Million
TABLE 102 Canada Magnetic Sensor Market by End-use, 2019 - 2022, Million Units
TABLE 103 Canada Magnetic Sensor Market by End-use, 2023 - 2030, Million Units
TABLE 104 Canada Magnetic Sensor Market by Technology, 2019 - 2022, USD Million
TABLE 105 Canada Magnetic Sensor Market by Technology, 2023 - 2030, USD Million
TABLE 106 Canada Magnetic Sensor Market by Technology, 2019 - 2022, Million Units
TABLE 107 Canada Magnetic Sensor Market by Technology, 2023 - 2030, Million Units
TABLE 108 Canada Magnetic Sensor Market by Application, 2019 - 2022, USD Million
TABLE 109 Canada Magnetic Sensor Market by Application, 2023 - 2030, USD Million
TABLE 110 Canada Magnetic Sensor Market by Application, 2019 - 2022, Million Units
TABLE 111 Canada Magnetic Sensor Market by Application, 2023 - 2030, Million Units
TABLE 112 Mexico Magnetic Sensor Market, 2019 - 2022, USD Million
TABLE 113 Mexico Magnetic Sensor Market, 2023 - 2030, USD Million
TABLE 114 Mexico Magnetic Sensor Market, 2019 - 2022, Million Units
TABLE 115 Mexico Magnetic Sensor Market, 2023 - 2030, Million Units
TABLE 116 Mexico Magnetic Sensor Market by End-use, 2019 - 2022, USD Million
TABLE 117 Mexico Magnetic Sensor Market by End-use, 2023 - 2030, USD Million
TABLE 118 Mexico Magnetic Sensor Market by End-use, 2019 - 2022, Million Units
TABLE 119 Mexico Magnetic Sensor Market by End-use, 2023 - 2030, Million Units
TABLE 120 Mexico Magnetic Sensor Market by Technology, 2019 - 2022, USD Million
TABLE 121 Mexico Magnetic Sensor Market by Technology, 2023 - 2030, USD Million
TABLE 122 Mexico Magnetic Sensor Market by Technology, 2019 - 2022, Million Units
TABLE 123 Mexico Magnetic Sensor Market by Technology, 2023 - 2030, Million Units
TABLE 124 Mexico Magnetic Sensor Market by Application, 2019 - 2022, USD Million
TABLE 125 Mexico Magnetic Sensor Market by Application, 2023 - 2030, USD Million
TABLE 126 Mexico Magnetic Sensor Market by Application, 2019 - 2022, Million Units
TABLE 127 Mexico Magnetic Sensor Market by Application, 2023 - 2030, Million Units
TABLE 128 Rest of North America Magnetic Sensor Market, 2019 - 2022, USD Million
TABLE 129 Rest of North America Magnetic Sensor Market, 2023 - 2030, USD Million
TABLE 130 Rest of North America Magnetic Sensor Market, 2019 - 2022, Million Units
TABLE 131 Rest of North America Magnetic Sensor Market, 2023 - 2030, Million Units
TABLE 132 Rest of North America Magnetic Sensor Market by End-use, 2019 - 2022, USD Million
TABLE 133 Rest of North America Magnetic Sensor Market by End-use, 2023 - 2030, USD Million
TABLE 134 Rest of North America Magnetic Sensor Market by End-use, 2019 - 2022, Million Units
TABLE 135 Rest of North America Magnetic Sensor Market by End-use, 2023 - 2030, Million Units
TABLE 136 Rest of North America Magnetic Sensor Market by Technology, 2019 - 2022, USD Million
TABLE 137 Rest of North America Magnetic Sensor Market by Technology, 2023 - 2030, USD Million
TABLE 138 Rest of North America Magnetic Sensor Market by Technology, 2019 - 2022, Million Units
TABLE 139 Rest of North America Magnetic Sensor Market by Technology, 2023 - 2030, Million Units
TABLE 140 Rest of North America Magnetic Sensor Market by Application, 2019 - 2022, USD Million
TABLE 141 Rest of North America Magnetic Sensor Market by Application, 2023 - 2030, USD Million
TABLE 142 Rest of North America Magnetic Sensor Market by Application, 2019 - 2022, Million Units
TABLE 143 Rest of North America Magnetic Sensor Market by Application, 2023 - 2030, Million Units
TABLE 144 Key Information – Honeywell International, Inc.
TABLE 145 Key Information – Microsemi Corporation
TABLE 146 Key Information – NVE Corporation
TABLE 147 Key Information – NXP Semiconductors N.V.
TABLE 148 Key Information – Robert Bosch GmbH
TABLE 149 Key information – TDK Corporation
TABLE 150 Key Information – MEMSIC Semiconductor Co., Ltd.
TABLE 151 Key Information – Infineon Technologies AG
TABLE 152 Key Information – Magnetic Sensors Corporation
TABLE 153 Key Information – MultiDimension Technology Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Magnetic Sensor Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Magnetic Sensor Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2022
FIG 6 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 7 Key Strategic Move: (Product Launches and Product Expansions : 2020, Dec – 2023, Nov) Leading Players
FIG 8 Porter’s Five Force Analysis: Magnetic Sensor Market
FIG 9 North America Magnetic Sensor Market Share by End-use, 2022
FIG 10 North America Magnetic Sensor Market Share by End-use, 2030
FIG 11 North America Magnetic Sensor Market by End-use, 2019 - 2030, USD Million
FIG 12 North America Magnetic Sensor Market Share by Technology, 2022
FIG 13 North America Magnetic Sensor Market Share by Technology, 2030
FIG 14 North America Magnetic Sensor Market by Technology, 2019 - 2030, USD Million
FIG 15 North America Magnetic Sensor Market Share by Application, 2022
FIG 16 North America Magnetic Sensor Market Share by Application, 2030
FIG 17 North America Magnetic Sensor Market by Application, 2019 - 2030, USD Million
FIG 18 North America Magnetic Sensor Market Share by Country, 2022
FIG 19 North America Magnetic Sensor Market Share by Country, 2030
FIG 20 North America Magnetic Sensor Market by Country, 2019 - 2030, USD Million
FIG 21 SWOT Analysis: Honeywell international, inc.
FIG 22 SWOT Analysis: MICROSEMI CORPORATION
FIG 23 SWOT Analysis: NVE Corporation
FIG 24 SWOT Analysis: NXP Semiconductors N.V.
FIG 25 Recent strategies and developments: Robert Bosch GmbH
FIG 26 SWOT Analysis: Robert Bosch GmbH
FIG 27 SWOT Analysis: TDK Corporation
FIG 28 SWOT Analysis: MEMSIC Semiconductor Co., Ltd.
FIG 29 Recent strategies and developments: Infineon Technologies AG
FIG 30 SWOT Analysis: Infineon Technologies AG
FIG 31 SWOT Analysis: MultiDimension Technology Co., Ltd.