On Board Magnetic Sensor Market Size and Outlook 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 3.53 Billion
CAGR (2026-2031)	8.47%
Fastest Growing Segment	Automotive
Largest Market	Asia Pacific
Market Size (2031)	USD 5.75 Billion

Market Overview

The Global On Board Magnetic Sensor Market will grow from USD 3.53 Billion in 2025 to USD 5.75 Billion by 2031 at a 8.47% CAGR. On-board magnetic sensors are transducer devices integrated directly onto printed circuit boards to detect and measure magnetic flux for applications involving position, speed, and current sensing. The primary driver supporting market growth is the rapid electrification of the automotive industry, which necessitates precise monitoring components for battery management systems and traction motors, alongside increasing demand for automation in the industrial sector. According to the Semiconductor Industry Association, in 2024, global semiconductor industry sales reached a record total of $627.6 billion, underscoring the robust ecosystem recovery that fuels demand for these critical sensing components across key end-markets.

However, a significant challenge that could impede market expansion is the technical complexity of maintaining signal integrity within increasingly miniaturized and densely packed electronic assemblies. As manufacturers strive to reduce device footprints, managing electromagnetic interference and thermal instability becomes difficult, potentially compromising sensor accuracy and reliability in harsh operating environments.

Key Market Drivers

The accelerated adoption of electric and hybrid vehicles serves as a primary catalyst for the on-board magnetic sensor market, fundamentally altering the architecture of modern powertrains. Unlike internal combustion engines, electrified platforms rely heavily on Hall effect and magnetoresistive sensors for critical functions such as managing battery thermal profiles, monitoring high-voltage currents in traction inverters, and optimizing motor position control. This shift forces automotive OEMs to integrate higher volumes of sensing components directly onto control boards to ensure energy efficiency and safety compliance. According to the International Energy Agency, April 2024, in the 'Global EV Outlook 2024', global sales of electric cars reached nearly 14 million units in 2023, creating a substantial volume requirement for reliable magnetic current and position sensors within the automotive supply chain.

Simultaneously, the expansion of Advanced Driver-Assistance Systems (ADAS) and autonomous technologies necessitates unprecedented levels of sensor redundancy and precision. These systems demand distinct magnetic sensing solutions for steering angle detection, wheel speed monitoring, and brake pedal positioning to facilitate features like lane-keeping assistance and adaptive cruise control. As vehicles transition toward higher levels of autonomy, the density of on-board sensors increases to mitigate failure risks and maintain signal fidelity under dynamic conditions. According to the Ministry of Industry and Information Technology of China, January 2024, in the '2023 Automotive Industry Economic Operation Report', the penetration rate of passenger vehicles equipped with Level 2 combined driver assistance systems reached 47.3 percent in 2023, reflecting a surge in hardware installation rates. According to the World Semiconductor Trade Statistics, in 2024, the broader semiconductor market is projected to increase by 16.0 percent, indicating a favorable environment for the component manufacturers supplying these essential sensing technologies.

Download Free Sample Report

Key Market Challenges

The technical complexity of maintaining signal integrity within increasingly miniaturized electronic assemblies stands as a substantial obstacle to the expansion of the Global On Board Magnetic Sensor Market. As original equipment manufacturers aggressively reduce the physical footprint of printed circuit boards while simultaneously increasing power density for automotive and industrial applications, electromagnetic interference (EMI) becomes significantly more pronounced. This proximity of high-current components to sensitive magnetic transducers creates substantial electrical "noise," which distorts flux measurements and compromises the precise data required for critical functions such as traction motor control and battery monitoring.

This issue is exacerbated by the rapid volume expansion of integrated components, which intensifies the density of the operating environment. According to the World Semiconductor Trade Statistics (WSTS), in the first half of 2025, the sensor product segment recorded a growth rate of 16 percent, contributing to a total global semiconductor market revenue of $346 billion for that period. This surge in component volume forces engineers to contend with severe thermal instability and cross-talk on crowded circuit boards, often resulting in extended development cycles and elevated manufacturing costs that hamper broader market adoption.

Key Market Trends

The market is increasingly shifting from traditional Hall-effect and Anisotropic Magnetoresistance (AMR) sensors toward Tunnel Magnetoresistance (TMR) technology, which offers superior sensitivity, higher signal-to-noise ratios, and lower power consumption for precise applications in electric vehicles and industrial automation. This technological transition allows for more accurate position and speed sensing in power-constrained environments, directly addressing the efficiency requirements of modern electronic architectures. According to TDK Corporation, April 2024, in the 'Fiscal Year March 2024 Full Year Performance Briefing', net sales in the Sensor Application Products segment increased by 6.5 percent year-on-year to reach 180.5 billion yen, a growth explicitly attributed to the rising sales of TMR sensors for automotive and smartphone markets.

Simultaneously, for high-voltage electric vehicle battery management systems (BMS), there is a rising preference for coreless current sensors that utilize differential magnetic sensing to provide high-bandwidth, safe, and galvanic-isolated current monitoring. This approach eliminates the need for bulky magnetic concentrator cores, significantly reducing the sensor footprint and weight while maintaining high accuracy in the harsh thermal conditions typical of traction inverters. Reflecting the surging demand for these specialized electrification components, Allegro MicroSystems, May 2024, reported in its 'Fourth Quarter and Fiscal Year 2024 Results' that sales within its e-Mobility focus area grew by 38 percent year-over-year, driving the company to a record total annual revenue of $1.05 billion.

Segmental Insights

The automotive segment currently represents the fastest-growing category within the Global On Board Magnetic Sensor Market. This expansion is primarily fueled by the accelerating shift toward electric mobility and the widespread implementation of Advanced Driver Assistance Systems. Magnetic sensors are increasingly critical for precise current sensing in battery management systems and position detection in electronic steering applications. Additionally, stringent safety mandates enforced by authorities such as the National Highway Traffic Safety Administration compel manufacturers to integrate reliable sensing components, thereby sustaining high demand within this sector.

Regional Insights

Asia Pacific leads the global on board magnetic sensor market due to the extensive concentration of semiconductor manufacturing and automotive assembly hubs in China, Japan, and South Korea. This dominance is primarily driven by the high production volume of electric vehicles and consumer electronics, which require precise sensing components integrated onto printed circuit boards. Additionally, government initiatives supporting New Energy Vehicles in major economies create a sustained demand for efficient magnetic sensing solutions. This established industrial ecosystem ensures the region remains the central hub for sensor integration and mass production.

Recent Developments

In September 2025, Texas Instruments released the TMAG5134, a new in-plane Hall-effect switch characterized by its exceptional sensitivity. The component featured an integrated magnetic concentrator that enabled the detection of very weak magnetic fields, allowing engineers to utilize smaller, more cost-effective magnets in their designs. This sensor was introduced as a streamlined alternative to complex magnetoresistive sensors for applications including door and window security systems. The device offered low average power consumption and provided design flexibility by detecting magnetic fields parallel to the printed circuit board.
In July 2025, Infineon Technologies AG launched the third generation of its XENSIV 3D magnetic Hall-effect sensor family, aiming to address the growing demand for precise position detection in automotive and industrial environments. The new series included sensors equipped with integrated diagnostic functions, making them suitable for functional safety applications. These devices were capable of measuring magnetic fields in three dimensions, which allowed for accurate control in complex systems such as gear selectors and multifunction steering wheels. The sensors were also noted for their low power consumption and robust performance under extreme temperature conditions.
In November 2024, Allegro MicroSystems unveiled a new series of micropower magnetic switches and latches, the APS11753 and APS12753, during a major industry event. These sensors were engineered to deliver enhanced position sensing capabilities with improved air gap tolerance while consuming significantly less power than previous models. The company positioned these devices as ideal solutions for battery-powered applications in the medical, industrial, and consumer electronics sectors. The launch highlighted the sensors' ability to lower overall system costs and extend the operational life of portable devices through their efficient energy usage.
In June 2024, TDK Corporation expanded its portfolio of tunnel-magnetoresistance (TMR) sensors with the introduction of the TAS8240, designed specifically for automotive and industrial applications. This new component was developed to provide high-precision angle measurements and featured four redundant analog outputs to ensure reliability in safety-critical systems. The sensor was optimized for measuring the rotor position of brushless DC motors used in power steering and traction modules. By utilizing TMR technology, the device offered high sensitivity and stability across a wide temperature range, supporting safety standards up to ASIL D.

Key Market Players

Infineon Technologies AG
TDK Corporation
Allegro MicroSystems, Inc.
Melexis NV
STMicroelectronics N.V.
NXP Semiconductors N.V.
Robert Bosch GmbH
Asahi Kasei Microdevices Corporation
Murata Manufacturing Co., Ltd.
ROHM Semiconductor Co., Ltd.

By Type	By Magnetic Density	By Application	By Industry Vertical	By Region
Hall Effect Sensors Magneto-resistive Sensors SQUID Sensors Others	Less than 1microgauss 1microgauss-10gauss Above 10gauss	Speed Sensing Detection Position Sensing Navigation Electric Compass	Consumer Electronics Automotive Industrial Aerospace and Defense Healthcare Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global On Board Magnetic Sensor Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

On Board Magnetic Sensor Market, By Type:

Hall Effect Sensors
Magneto-resistive Sensors
SQUID Sensors
Others

On Board Magnetic Sensor Market, By Magnetic Density:

Less than 1microgauss
1microgauss-10gauss
Above 10gauss

On Board Magnetic Sensor Market, By Application:

Speed Sensing
Detection
Position Sensing
Navigation
Electric Compass

On Board Magnetic Sensor Market, By Industry Vertical:

Consumer Electronics
Automotive
Industrial
Aerospace and Defense
Healthcare
Others

On Board Magnetic Sensor Market, By Region:

North America

United States
Canada
Mexico

Europe

France
United Kingdom
Italy
Germany
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global On Board Magnetic Sensor Market.

Available Customizations:

Global On Board Magnetic Sensor Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global On Board Magnetic Sensor Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global On Board Magnetic Sensor Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Type (Hall Effect Sensors, Magneto-resistive Sensors, SQUID Sensors, Others)

5.2.2. By Magnetic Density (Less than 1microgauss, 1microgauss-10gauss, Above 10gauss)

5.2.3. By Application (Speed Sensing, Detection, Position Sensing, Navigation, Electric Compass)

5.2.4. By Industry Vertical (Consumer Electronics, Automotive, Industrial, Aerospace and Defense, Healthcare, Others)

5.2.5. By Region

5.2.6. By Company (2025)

5.3. Market Map

6. North America On Board Magnetic Sensor Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Type

6.2.2. By Magnetic Density

6.2.3. By Application

6.2.4. By Industry Vertical

6.2.5. By Country

6.3. North America: Country Analysis

6.3.1. United States On Board Magnetic Sensor Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Type

6.3.1.2.2. By Magnetic Density

6.3.1.2.3. By Application

6.3.1.2.4. By Industry Vertical

6.3.2. Canada On Board Magnetic Sensor Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Type

6.3.2.2.2. By Magnetic Density

6.3.2.2.3. By Application

6.3.2.2.4. By Industry Vertical

6.3.3. Mexico On Board Magnetic Sensor Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Type

6.3.3.2.2. By Magnetic Density

6.3.3.2.3. By Application

6.3.3.2.4. By Industry Vertical

7. Europe On Board Magnetic Sensor Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Type

7.2.2. By Magnetic Density

7.2.3. By Application

7.2.4. By Industry Vertical

7.2.5. By Country

7.3. Europe: Country Analysis

7.3.1. Germany On Board Magnetic Sensor Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Type

7.3.1.2.2. By Magnetic Density

7.3.1.2.3. By Application

7.3.1.2.4. By Industry Vertical

7.3.2. France On Board Magnetic Sensor Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Type

7.3.2.2.2. By Magnetic Density

7.3.2.2.3. By Application

7.3.2.2.4. By Industry Vertical

7.3.3. United Kingdom On Board Magnetic Sensor Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Type

7.3.3.2.2. By Magnetic Density

7.3.3.2.3. By Application

7.3.3.2.4. By Industry Vertical

7.3.4. Italy On Board Magnetic Sensor Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Type

7.3.4.2.2. By Magnetic Density

7.3.4.2.3. By Application

7.3.4.2.4. By Industry Vertical

7.3.5. Spain On Board Magnetic Sensor Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Type

7.3.5.2.2. By Magnetic Density

7.3.5.2.3. By Application

7.3.5.2.4. By Industry Vertical

8. Asia Pacific On Board Magnetic Sensor Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Type

8.2.2. By Magnetic Density

8.2.3. By Application

8.2.4. By Industry Vertical

8.2.5. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China On Board Magnetic Sensor Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Type

8.3.1.2.2. By Magnetic Density

8.3.1.2.3. By Application

8.3.1.2.4. By Industry Vertical

8.3.2. India On Board Magnetic Sensor Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Type

8.3.2.2.2. By Magnetic Density

8.3.2.2.3. By Application

8.3.2.2.4. By Industry Vertical

8.3.3. Japan On Board Magnetic Sensor Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Type

8.3.3.2.2. By Magnetic Density

8.3.3.2.3. By Application

8.3.3.2.4. By Industry Vertical

8.3.4. South Korea On Board Magnetic Sensor Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Type

8.3.4.2.2. By Magnetic Density

8.3.4.2.3. By Application

8.3.4.2.4. By Industry Vertical

8.3.5. Australia On Board Magnetic Sensor Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Type

8.3.5.2.2. By Magnetic Density

8.3.5.2.3. By Application

8.3.5.2.4. By Industry Vertical

9. Middle East & Africa On Board Magnetic Sensor Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Type

9.2.2. By Magnetic Density

9.2.3. By Application

9.2.4. By Industry Vertical

9.2.5. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia On Board Magnetic Sensor Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Type

9.3.1.2.2. By Magnetic Density

9.3.1.2.3. By Application

9.3.1.2.4. By Industry Vertical

9.3.2. UAE On Board Magnetic Sensor Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Type

9.3.2.2.2. By Magnetic Density

9.3.2.2.3. By Application

9.3.2.2.4. By Industry Vertical

9.3.3. South Africa On Board Magnetic Sensor Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Type

9.3.3.2.2. By Magnetic Density

9.3.3.2.3. By Application

9.3.3.2.4. By Industry Vertical

10. South America On Board Magnetic Sensor Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Type

10.2.2. By Magnetic Density

10.2.3. By Application

10.2.4. By Industry Vertical

10.2.5. By Country

10.3. South America: Country Analysis

10.3.1. Brazil On Board Magnetic Sensor Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Type

10.3.1.2.2. By Magnetic Density

10.3.1.2.3. By Application

10.3.1.2.4. By Industry Vertical

10.3.2. Colombia On Board Magnetic Sensor Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Type

10.3.2.2.2. By Magnetic Density

10.3.2.2.3. By Application

10.3.2.2.4. By Industry Vertical

10.3.3. Argentina On Board Magnetic Sensor Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Type

10.3.3.2.2. By Magnetic Density

10.3.3.2.3. By Application

10.3.3.2.4. By Industry Vertical

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global On Board Magnetic Sensor Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Infineon Technologies AG

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. TDK Corporation

15.3. Allegro MicroSystems, Inc.

15.4. Melexis NV

15.5. STMicroelectronics N.V.

15.6. NXP Semiconductors N.V.

15.7. Robert Bosch GmbH

15.8. Asahi Kasei Microdevices Corporation

15.9. Murata Manufacturing Co., Ltd.

15.10. ROHM Semiconductor Co., Ltd.

16. Strategic Recommendations

17. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

What was the market size of the Global On Board Magnetic Sensor Market in 2025?

Which is the dominating region in the Global On Board Magnetic Sensor Market?

Which is the fastest growing segment in the Global On Board Magnetic Sensor Market?

What is the expected growth rate of the Global On Board Magnetic Sensor Market?