On-Board Magnetic Sensor Market Report 2026

On-Board Magnetic Sensor Market Overview

• On-Board Magnetic Sensor market size has reached to $1.67 billion in 2025 • Expected to grow to $2.45 billion in 2030 at a compound annual growth rate (CAGR) of 8.2% • Growth Driver: Accelerating Automotive Industry Fuels Expansion Of Onboard Magnetic Sensor Market • Market Trend: Advancements In High-Precision Sensing For Automotive, Industrial, And Robotics Applications • Asia-Pacific was the largest region in 2025.

What Is Covered Under On-Board Magnetic Sensor Market?

On-board magnetic sensors refer to magnetic sensors that are mounted and tested on a circuit board. These sensors act as transducers, converting fluctuations in magnetic fields into electrical impulses, which are used to measure and detect magnetic field changes. On-board magnetic sensors detect magnetic fields to accurately measure direction, orientation, and position. The main types of onboard magnetic sensors are hall effect sensors, squid (superconducting quantum interference device) sensors, magnetoresistive sensors, and others. Hall effect sensors refer to a particular class of magnetic sensors that can measure the direction and strength of a magnetic field created by an electromagnet or a permanent magnet, with the output changing proportionally to the power of the magnetic field being measured. They are available in low-field sensors (<1 microgauss), earth field sensors (1 microgauss to 10 gauss), and bias magnetic field sensors (>10 gauss) magnetic densities for automotive, healthcare, consumer electronics, aerospace and defense, industrial, and others.

What Is The On-Board Magnetic Sensor Market Growth Forecast?

The on-board magnetic sensor market size is expected to see strong growth in the next few years. It will grow to $2.45 billion in 2030 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to rising demand for high-precision magneto resistive sensors, expansion of autonomous vehicle sensing, development of low-field magnetic detection technologies, growth in medical imaging applications, increasing integration of magnetic sensors in robotics. Major trends in the forecast period include adoption of IoT-integrated magnetic sensing modules, deployment of autonomous position-sensing solutions, expansion of intelligent industrial magneto-detection systems, advancement of AI-enhanced magnetic field analysis, development of cloud-connected magnetic monitoring platforms.

Global On-Board Magnetic Sensor Market Segmentation

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

What Is The Driver Of The On-Board Magnetic Sensor Market?

The expanding automotive industry is expected to propel the growth of the onboard magnetic sensor market going forward. The automotive industry refers to a sector that involves various companies and organizations engaged in the design, development, manufacturing, marketing, selling, repairing, and modification of motor vehicles. The automotive industry uses onboard magnetic sensors for various applications, such as detecting the position, speed, and direction of components, due to their accuracy and reliability in measuring magnetic fields. For instance, in October 2023, according to The Society of Motor Manufacturers and Traders Limited, a UK-based trade association, the total car manufacturing in 2023 will be 751,422 units, up from 643,755 units in 2022, a growth of 16.70%. Therefore, the expanding automotive industry is driving the growth of the onboard magnetic sensor market.

Key Players In The Global On-Board Magnetic Sensor Market

Major companies operating in the on-board magnetic sensor market are 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, ABLIC Inc., MEMSIC Semiconductor Co. Ltd., Sensitec GmbH

Global On-Board Magnetic Sensor Market Trends and Insights

Major companies operating in the on-board magnetic sensor market are focusing on developing innovative solutions such as magnetic sensors to deliver high-precision angle and position detection for automotive, industrial, and robotics applications. Magnetic sensors refers to devices that detect and measure magnetic fields, converting changes in magnetic flux into electrical signals to determine position, rotation, speed, or angle in various applications. For instance, in August 2025, Littelfuse, a US-based electronic components company, expanded its magnetic sensor portfolio with high-precision TMR angle sensors. These sensors deliver enhanced accuracy, reliability, and durability, enabling advanced functions in electric vehicles, autonomous machinery, and industrial automation. Littelfuse’s solutions support the trend toward smarter, more efficient, and safer systems by improving real-time monitoring and control capabilities.

What Are Latest Mergers And Acquisitions In The On-Board Magnetic Sensor Market?

In November 2023, Allegro MicroSystems Inc., a UK-based technology company, acquired Crocus Technology for $420 million. Through this acquisition, Allegro expedites its TMR roadmap and fortifies its dominant stance within the magnetic sensing market. This acquisition underscores Allegro's strong dedication to maintaining its leadership role in magnetic sensing. Moreover, it anticipates that this integration will establish Allegro as a foremost TMR semiconductor company by capitalizing on a distinctive opportunity to expand the utilization of TMR technology across key growth sectors such as e-mobility, clean energy, and automation. Crocus Technology is a US-based provider of advanced magnetic sensor products with TMR (Tunnel Magneto-Resistance) technology.

Regional Outlook

Asia-Pacific was the largest region in the on-board magnetic sensors market in 2025. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the On-Board Magnetic Sensor Market?

The on-board magnetic sensors market consists of sales of fluxgate magnetometers and magnetometer arrays. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the On-Board Magnetic Sensor Market Report 2026?

The on-board magnetic sensor market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the on-board magnetic sensor industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.