The global magnetic sensors market is witnessing significant growth driven by rapid advancements in sensing technology, increasing demand for automation, and expanding applications across automotive, industrial, and consumer electronics sectors. Magnetic sensors are crucial components used to detect changes in magnetic fields and convert them into electrical signals. Their...

Introduction The global magnetic sensor market was valued at approximately USD 3.83 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 6.5% over the forecast period, reaching an estimated USD 7.20 billion by 2034. This growth is driven by advancements in sensor technologies and their increasing applications across various industries. Market...