On-Board Magnetic Sensor Market Share

ID: MRFR/SEM/4955-HCR

100 Pages

Aarti Dhapte

February 2026

On-Board Magnetic Sensor Market Size, Share and Research Report By Type (Half Effect Sensor, Magneto Resistive Sensors, Squid Sensors, and Others), By Magnetic Density (< 1 Microgauss (Low-Field Sensor), Microgauss to 10 Gauss (Earth Field Sensor), and > 10 Gauss (Bias Magnetic Field Sensor)), By Application (Speed Sensing, Detection/NDT, Position Sensing, and Navigation & Electronic Compass), By Industry Verticals (Healthcare, Automotive, Consumer Electronics, Aerospace & Defense, and Others) And By Region –Industry Forecast Till 2035

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Market Share

On-Board Magnetic Sensor Market Share Analysis

The dynamic On-Board Magnetic Sensor Market encourages companies to adopt several techniques to stay ahead. Businesses should prioritize developing on-board magnetic sensors with expanded capabilities and distinctive properties to differentiate their products. Advanced capabilities include greater reactivity, precision, and compatibility with cutting-edge technology like AI and the IoT. Customers in the automotive, industrial, and consumer electronics sectors require accurate and reliable on-board magnetic sensing systems, therefore companies exploit unique attributes to attract them.

Low prices are crucial in the on-board magnetic sensor sector. Businesses aim for cost efficiency by reducing operating expenditures, maximizing operational savings, and improving manufacturing processes. Because of this, they can provide high-quality, affordable on-board magnetic sensors. We want to be the leading provider of on-board magnetic sensing solutions for a variety of sectors at a price that fits the budget.

Businesses often utilize market segmentation to personalize their on-board magnetic sensors to different client groups. Because several sectors employ magnetic sensors, such as consumer electronics, automotive, and aerospace, organizations may design industry-specific solutions. Businesses may improve their competitiveness in particular market areas and meet the needs of different customers by using this industry-specific approach.

The On-Board Magnetic Sensor Industry relies on partnerships and collaboration. Firms regularly work with other companies to boost their market position. This kind of cooperation might include joint ventures with industry leaders, technical alliances, or sensing technology integrations. In the competitive magnetic sensor industry, firms may improve their position and reach by sharing resources and expertise. Building complete on-board magnetic sensing systems that fulfill a variety of consumer needs may achieve this.

Innovation underpins several On-Board Magnetic Sensor industry initiatives for leadership. also important to increase sensor shrinkage, power economy, and flexibility to attract clients looking for cutting-edge on-board magnetic sensing solutions for various applications. Businesses may demonstrate their ingenuity by creating new and improved magnetic sensor devices in the ever-changing industry.

Companies looking to grow in the On-Board Magnetic Sensor Market generally expand geographically. Due to worldwide demand for magnetic sensing technology, companies are seeking new opportunities or strengthening their positions. One way to grow one's audience is to adapt items to conform with local legislation and partner with local organizations. Businesses may lessen their geographic dependence by increasing their client base, seizing new market possibilities, and resolving regional difficulties.

Market Highlights

Author

Aarti Dhapte

Team Lead - Research

She holds an experience of about 6+ years in Market Research and Business Consulting, working under the spectrum of Information Communication Technology, Telecommunications and Semiconductor domains. Aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. Her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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FAQs

What is the projected market valuation for the On-Board Magnetic Sensor Market in 2035?

The On-Board Magnetic Sensor Market is projected to reach a valuation of 3.821 USD Billion by 2035.

What was the market valuation for the On-Board Magnetic Sensor Market in 2024?

In 2024, the market valuation for the On-Board Magnetic Sensor Market was 1.756 USD Billion.

What is the expected CAGR for the On-Board Magnetic Sensor Market during the forecast period 2025 - 2035?

The expected CAGR for the On-Board Magnetic Sensor Market during the forecast period 2025 - 2035 is 7.32%.

Which companies are considered key players in the On-Board Magnetic Sensor Market?

Key players in the On-Board Magnetic Sensor Market include Honeywell, Bosch, STMicroelectronics, NXP Semiconductors, Infineon Technologies, Texas Instruments, Analog Devices, and Asahi Kasei Microdevices.

What are the main types of sensors in the On-Board Magnetic Sensor Market and their valuations?

The main types include Half Effect Sensors valued at 0.978 USD Billion, Magneto Resistive Sensors at 1.482 USD Billion, and Squid Sensors at 0.682 USD Billion.

How does the market for Magnetic Density segments break down?

The Magnetic Density segments include < 1 Microgauss sensors valued at 0.999 USD Billion and > 10 Gauss sensors at 1.259 USD Billion.

What applications are driving growth in the On-Board Magnetic Sensor Market?

Key applications driving growth include Speed Sensing valued at 0.999 USD Billion and Navigation & Electronic Compass at 1.045 USD Billion.

Which industry verticals are most prominent in the On-Board Magnetic Sensor Market?

Prominent industry verticals include Automotive valued at 1.2 USD Billion and Healthcare at 0.6 USD Billion.

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Market Summary

As per Market Research Future analysis, the On-Board Magnetic Sensor Market Size was estimated at 1.756 USD Billion in 2024. The On-Board Magnetic Sensor industry is projected to grow from 1.885 USD Billion in 2025 to 3.821 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 7.32% during the forecast period 2025 - 2035

Key Market Trends & Highlights

The On-Board Magnetic Sensor Market is poised for substantial growth driven by technological advancements and increasing applications across various sectors.

Technological advancements are propelling the development of more efficient and precise magnetic sensors.
The automotive sector exhibits a growing demand for on-board magnetic sensors, particularly for safety and navigation applications.
In the Asia-Pacific region, the market is expanding rapidly, driven by rising industrial automation and consumer electronics.
Key market drivers include technological advancements in sensor technology and a focus on sustainability and energy efficiency.

On-Board Magnetic Sensor Market

CAGR

7.32%

Market Size & Forecast

2024 Market Size	1.756 (USD Billion)
2035 Market Size	3.821 (USD Billion)
CAGR (2025 - 2035)	7.32%
Largest Regional Market Share in 2024	North America

Major Players

Honeywell (US), Bosch (DE), STMicroelectronics (FR), NXP Semiconductors (NL), Infineon Technologies (DE), Texas Instruments (US), Analog Devices (US), Asahi Kasei Microdevices (JP)

Market Trends

The On-Board Magnetic Sensor Market is currently experiencing a notable transformation, driven by advancements in technology and increasing demand across various sectors. These sensors, which are integral to applications such as automotive, aerospace, and consumer electronics, provide critical data for navigation, positioning, and motion detection. As industries continue to evolve, the integration of these sensors into new devices and systems appears to be accelerating, suggesting a robust growth trajectory. Furthermore, the emphasis on miniaturization and energy efficiency is likely to shape product development, leading to innovative solutions that cater to the needs of modern applications. In addition to technological advancements, the On-Board Magnetic Sensor Market is influenced by the growing trend towards automation and smart systems. This shift is evident in the automotive sector, where magnetic sensors play a pivotal role in enhancing safety features and improving vehicle performance. Moreover, the increasing focus on sustainability and environmental considerations may drive manufacturers to develop eco-friendly sensor technologies. Overall, the On-Board Magnetic Sensor Market seems poised for expansion, with various factors converging to create a dynamic landscape for stakeholders.

Technological Advancements

The On-Board Magnetic Sensor Market is witnessing rapid technological innovations, leading to enhanced performance and functionality. New materials and manufacturing techniques are enabling the production of smaller, more efficient sensors that can operate in diverse environments. This trend is likely to facilitate the integration of magnetic sensors into a wider array of applications, from consumer electronics to industrial automation.

Growing Demand in Automotive Sector

The automotive industry is increasingly adopting on-board magnetic sensors to improve vehicle safety and performance. These sensors are essential for applications such as anti-lock braking systems and electronic stability control. As the demand for advanced driver-assistance systems continues to rise, the On-Board Magnetic Sensor Market is expected to benefit significantly from this trend.

Focus on Sustainability

There is a noticeable shift towards sustainable practices within the On-Board Magnetic Sensor Market. Manufacturers are exploring eco-friendly materials and production methods to reduce environmental impact. This focus on sustainability not only aligns with global environmental goals but also appeals to consumers who prioritize green technologies in their purchasing decisions.

On-Board Magnetic Sensor Market Market Drivers

Growing Demand in Automotive Sector

The automotive sector is a primary driver for the On-Board Magnetic Sensor Market, as vehicles increasingly incorporate advanced technologies. The integration of magnetic sensors in electric and hybrid vehicles for applications such as position sensing, speed detection, and current measurement is becoming more prevalent. As the automotive industry shifts towards automation and electric mobility, the demand for reliable and efficient sensors is expected to rise. Recent statistics suggest that the automotive segment accounts for nearly 40% of the total market share in the On-Board Magnetic Sensor Market. This growing demand is likely to propel further innovations and investments in sensor technology, ensuring that manufacturers remain competitive in a rapidly evolving landscape.

Rising Demand for Automation and Robotics

The On-Board Magnetic Sensor Market is witnessing a notable increase in demand driven by the automation and robotics sectors. As industries adopt automation technologies to enhance efficiency and productivity, the need for precise sensing solutions becomes paramount. Magnetic sensors play a critical role in robotic applications, providing essential feedback for navigation, positioning, and motion control. The market for industrial automation is projected to grow substantially, with magnetic sensors being integral to the development of smart factories and automated systems. This trend indicates a promising future for the On-Board Magnetic Sensor Market, as companies seek to leverage advanced sensing technologies to optimize their operations.

Focus on Sustainability and Energy Efficiency

Sustainability is becoming a crucial consideration in the On-Board Magnetic Sensor Market, as industries strive to reduce their environmental impact. The push for energy-efficient solutions is driving the development of sensors that consume less power while maintaining high performance. This trend is particularly evident in the automotive sector, where manufacturers are increasingly adopting magnetic sensors to optimize energy consumption in electric vehicles. The market is witnessing a shift towards eco-friendly materials and production processes, aligning with global sustainability goals. As a result, the On-Board Magnetic Sensor Market is likely to see a rise in demand for sensors that not only meet performance standards but also contribute to a greener future.

Increasing Applications in Consumer Electronics

The On-Board Magnetic Sensor Market is expanding due to the rising applications in consumer electronics. Devices such as smartphones, tablets, and wearables are increasingly utilizing magnetic sensors for features like compass functionality, orientation detection, and gesture recognition. The proliferation of smart devices is expected to drive the demand for compact and efficient magnetic sensors. Recent market analyses indicate that the consumer electronics segment is projected to grow significantly, potentially accounting for over 30% of the overall market share in the On-Board Magnetic Sensor Market. This trend suggests that manufacturers will need to innovate continuously to meet the evolving needs of consumers and maintain a competitive edge.

Technological Advancements in Sensor Technology

The On-Board Magnetic Sensor Market is experiencing a surge in technological advancements, particularly in sensor miniaturization and integration. Innovations in microelectromechanical systems (MEMS) have led to the development of highly sensitive and compact magnetic sensors. These advancements enable the sensors to be embedded in various applications, including automotive, aerospace, and consumer electronics. The increasing demand for precise navigation and positioning systems further drives the adoption of these sensors. According to recent data, the market for MEMS-based sensors is projected to grow at a compound annual growth rate of over 10% in the coming years. This trend indicates a robust future for the On-Board Magnetic Sensor Market, as manufacturers seek to enhance performance while reducing size and cost.

Market Segment Insights

By Type: Half Effect Sensor (Largest) vs. Magneto Resistive Sensors (Fastest-Growing)

In the On-Board Magnetic Sensor Market, the distribution of market share among segment values showcases that Half Effect Sensors hold the largest portion, owing to their established applications in various industries. Comprehensive adoption in automotive, aerospace, and consumer electronics contributes to their sustained prominence. Meanwhile, Magneto Resistive Sensors are gaining traction, marking themselves as a strong contender in the market with an increasing share. This shift indicates evolving preferences in technology among consumers seeking precision and reduced power consumption in sensors. Analyzing growth trends within this segment reveals that the increased demand for compact and efficient sensing solutions is one of the major drivers for Magneto Resistive Sensors. With the rise of IoT devices and the need for accurate measurements in diverse environmental conditions, these sensors are positioned as a preferred choice. Additionally, advancements in technology are enhancing their performance, leading to significant interest from industries, thus spurring overall growth in the On-Board Magnetic Sensor Market.

Half Effect Sensor (Dominant) vs. Magneto Resistive Sensors (Emerging)

Half Effect Sensors have become the dominant force in the On-Board Magnetic Sensor Market due to their robust performance and reliability. These sensors are widely utilized in applications that require accurate position sensing, particularly in the automotive sector for functionalities such as steering and braking systems. Their established market presence is complemented by a well-defined manufacturing process. On the other hand, Magneto Resistive Sensors are emerging as a promising technology due to their high sensitivity and versatility. They are well-suited for applications necessitating minimal size with high functional capability, which includes portable devices and advanced consumer electronics. As industries increasingly lean towards IoT applications and smart technologies, both sensor types present unique advantages, with Half Effect Sensors leading the way while Magneto Resistive Sensors continue to carve out their niche.

By Magnetic Density: < 1 Microgauss (Largest) vs. > 10 Gauss (Fastest-Growing)

In the On-Board Magnetic Sensor Market, the segment values reflect a diverse distribution, with the '< 1 Microgauss' sensors holding a substantial share due to their low-field applications in environmental monitoring and consumer electronics. These sensors are favored for their sensitivity and accuracy in measuring subtle magnetic fields. Conversely, the '> 10 Gauss' sensors, while currently a smaller segment, are rapidly gaining traction in industrial applications where higher magnetic field detection is necessary, indicating a shift in demand toward robust sensing technologies.

Magnetic Density: < 1 Microgauss (Dominant) vs. > 10 Gauss (Emerging)

The '< 1 Microgauss' sensor segment is characterized by its precision in detecting low magnetic fields, making it essential for applications such as geomagnetic monitoring and sensitive electronic devices. Its dominance is attributed to the increasing demand for accurate environmental sensing technologies. Meanwhile, the '> 10 Gauss' sensors are emerging due to their strength in handling high magnetic fields, catering to industries like automotive and aerospace, where robust performance under varied conditions is critical. This dynamic indicates a market that is not only broadening in scope but also evolving in response to innovative technological developments.

By Application: Speed Sensing (Largest) vs. Detection/NDT (Fastest-Growing)

In the On-Board Magnetic Sensor Market, the application segment is critical, with Speed Sensing holding the largest share due to its extensive usage in automotive and industrial applications. This segment benefits from the increasing demands for precision and efficiency in speed measurement systems, aligning with trends in the automotive sector towards innovations in performance and safety features. Meanwhile, Detection/NDT is emerging as the fastest-growing segment, driven by advancements in non-destructive testing techniques that leverage magnetic sensors for enhanced reliability in safety-critical industries.

Position Sensing (Dominant) vs. Navigation & Electronic Compass (Emerging)

Position Sensing remains dominant within the On-Board Magnetic Sensor Market, playing a vital role in applications such as robotics, automotive, and consumer electronics where accurate localization is essential. This segment benefits from a growing demand for automation and smart technologies, fostering innovation in sensor designs that provide higher accuracy and reduced size. Conversely, Navigation & Electronic Compass, while smaller, is an emerging segment gaining traction due to the rise of autonomous vehicles and drone technologies, which require sophisticated navigation tools. As positioning technologies evolve, this segment is expected to grow rapidly, supported by the integration of magnetic sensors to provide reliable heading information.

By Industry Verticals: Healthcare (Largest) vs. Automotive (Fastest-Growing)

The On-Board Magnetic Sensor Market is notably segmented across various industry verticals, with healthcare holding the largest share. This segment benefits from increasing demand for advanced medical technologies, including diagnostic and wearable devices with integrated sensor capabilities. Meanwhile, the automotive sector is witnessing rapid growth due to the rising incorporation of magnetic sensors in electric vehicles and advanced driver-assistance systems (ADAS). The demand for enhanced safety and autonomous driving solutions propels this vertical's market prominence. Growth trends in the On-Board Magnetic Sensor Market indicate a strong focus on innovation and technology advancement. The healthcare sector is driven by the need for precision in medical devices, promoting the integration of magnetic sensors for improved diagnostics and monitoring. On the other hand, the automotive vertical is seeing a surge in investments and research aimed at optimizing sensor performance and efficiency, thus, making it the fastest-growing segment due to the global shift towards electrification and smart transportation solutions.

Automotive: Magnetic Sensors (Dominant) vs. Aerospace & Defense (Emerging)

In the automotive sector, magnetic sensors are established as a dominant technology, significantly enhancing vehicle safety and performance. These sensors are integral in applications such as position sensing, speed detection, and battery management systems. As the automotive industry transitions towards more electric and autonomous vehicles, the demand for advanced magnetic sensor technologies has surged, making automotive the leading segment in the On-Board Magnetic Sensor Market. Conversely, the aerospace and defense sector represents an emerging market for magnetic sensors, driven by growing requirements for reliability and precision in navigation and vehicle control systems. With advancements in technology and increased focus on mission-critical applications, this sector presents significant opportunities for growth, albeit at a slower pace compared to automotive.

Get more detailed insights about On-Board Magnetic Sensor Market Research Report – Forecast to 2035

Regional Insights

North America : Technological Innovation Leader

North America is the largest market for on-board magnetic sensors, accounting for approximately 40% of the global share. The region's growth is driven by advancements in automotive technology, increasing demand for automation, and stringent safety regulations. The U.S. and Canada are the primary contributors, with a strong focus on R&D and innovation in sensor technologies, supported by government initiatives promoting smart manufacturing. The competitive landscape in North America is robust, featuring key players like Honeywell, Texas Instruments, and Analog Devices. These companies are investing heavily in developing advanced sensor solutions to meet the growing demand in automotive and industrial applications. The presence of established tech hubs and a skilled workforce further enhances the region's market position, making it a focal point for innovation in the sensor industry.

Europe : Regulatory-Driven Market Growth

Europe is the second-largest market for on-board magnetic sensors, holding around 30% of the global market share. The region's growth is propelled by stringent regulations on vehicle safety and emissions, alongside a rising demand for electric vehicles. Countries like Germany and France lead the market, supported by government policies that encourage the adoption of advanced automotive technologies and sustainable practices. The competitive landscape in Europe is characterized by major players such as Bosch and STMicroelectronics, who are at the forefront of innovation. The presence of a strong automotive sector, coupled with a focus on research and development, positions Europe as a key player in The On-Board Magnetic Sensor Market. Collaborative efforts between industry and academia further enhance the region's capabilities in sensor technology development.

Asia-Pacific : Emerging Market Potential

Asia-Pacific is witnessing significant growth in the on-board magnetic sensor market, accounting for approximately 25% of the global share. The region's expansion is driven by increasing automotive production, rising consumer electronics demand, and government initiatives promoting smart city projects. China and Japan are the leading countries, with substantial investments in automotive technology and sensor manufacturing. The competitive landscape in Asia-Pacific is dynamic, featuring key players like Asahi Kasei Microdevices and NXP Semiconductors. The region benefits from a large manufacturing base and a growing focus on innovation in sensor technologies. Additionally, collaborations between local firms and international companies are fostering advancements in sensor applications, further enhancing market growth prospects.

Middle East and Africa : Resource-Rich Market Opportunities

The Middle East and Africa region is gradually emerging in the on-board magnetic sensor market, holding about 5% of the global share. The growth is driven by increasing investments in infrastructure and automotive sectors, alongside a rising demand for advanced technologies in various applications. Countries like South Africa and the UAE are leading the market, supported by government initiatives aimed at enhancing technological capabilities and promoting innovation. The competitive landscape in this region is evolving, with a focus on local manufacturing and partnerships with global players. While the market is still developing, the presence of key players and a growing interest in smart technologies are paving the way for future growth. The region's unique challenges and opportunities present a fertile ground for advancements in sensor technology.

Key Players and Competitive Insights

The On-Board Magnetic Sensor Market is currently characterized by a dynamic competitive landscape, driven by technological advancements and increasing demand across various sectors, including automotive, consumer electronics, and industrial applications. Key players such as Honeywell (US), Bosch (DE), and STMicroelectronics (FR) are strategically positioned to leverage their extensive R&D capabilities and established market presence. Honeywell (US) focuses on innovation in sensor technology, while Bosch (DE) emphasizes partnerships to enhance its product offerings. STMicroelectronics (FR) is actively pursuing regional expansion, particularly in Asia, to capitalize on the growing demand for smart devices. Collectively, these strategies contribute to a competitive environment that is increasingly centered around technological differentiation and market responsiveness.In terms of business tactics, companies are localizing manufacturing to reduce lead times and optimize supply chains, which is particularly crucial in the context of global supply chain disruptions. The market structure appears moderately fragmented, with several players vying for market share, yet the influence of major companies remains substantial. This competitive structure fosters innovation, as companies strive to differentiate their products through advanced features and enhanced performance.

In August Honeywell (US) announced a strategic partnership with a leading automotive manufacturer to develop next-generation magnetic sensors tailored for electric vehicles. This collaboration is poised to enhance Honeywell's position in the automotive sector, aligning with the industry's shift towards electrification and smart technologies. The partnership underscores the importance of aligning product development with emerging market trends, thereby reinforcing Honeywell's competitive edge.

In September Bosch (DE) unveiled a new line of magnetic sensors designed for industrial automation applications. This launch reflects Bosch's commitment to innovation and its strategy to penetrate the industrial sector more deeply. By focusing on high-performance sensors that meet the specific needs of industrial clients, Bosch is likely to strengthen its market position and drive revenue growth in this segment.

In July STMicroelectronics (FR) expanded its manufacturing capabilities in Asia, specifically targeting the growing demand for magnetic sensors in consumer electronics. This expansion is indicative of STMicroelectronics' strategy to enhance its supply chain resilience and meet the increasing demand for advanced sensors in smart devices. By localizing production, the company aims to reduce costs and improve delivery times, which could significantly enhance its competitive standing in the market.

As of October the On-Board Magnetic Sensor Market is witnessing trends such as digitalization, sustainability, and the integration of artificial intelligence. These trends are reshaping competitive dynamics, as companies increasingly seek strategic alliances to enhance their technological capabilities and market reach. The shift from price-based competition to a focus on innovation and supply chain reliability is becoming evident, suggesting that future competitive differentiation will hinge on the ability to deliver cutting-edge solutions that meet evolving consumer demands.

Key Companies in the On-Board Magnetic Sensor Market include

Industry Developments

November 2019: Allegro MicroSystems launched the ATS17051, one of the first gear tooth sensor ICs designed to provide an incremental position for electric vehicle traction motors operating up to 30k RPM. The device addresses the engineers' traction motor challenges, which include vibration at startup and running mode, high rotational speed, mechanical space constraints, high operating temperatures, and ISO 26262 safety requirements.

Future Outlook

On-Board Magnetic Sensor Market Future Outlook

The On-Board Magnetic Sensor Market is projected to grow at a 7.32% CAGR from 2025 to 2035, driven by advancements in automotive technology and increasing demand for automation.

New opportunities lie in:

Integration of magnetic sensors in autonomous vehicle systems
Development of compact sensors for wearable technology
Expansion into industrial automation applications with enhanced sensing capabilities

By 2035, the market is expected to achieve robust growth, solidifying its position in various sectors.

Market Segmentation

On-Board Magnetic Sensor Market Type Outlook

Half Effect Sensor
Magneto Resistive Sensors
Squid Sensors
Others

On-Board Magnetic Sensor Market Application Outlook

Speed Sensing
Detection/NDT
Position Sensing
Navigation & Electronic Compass

On-Board Magnetic Sensor Market Magnetic Density Outlook

< 1 Microgauss (Low-Field Sensor)
Microgauss to 10 Gauss (Earth Field Sensor)
> 10 Gauss (Bias Magnetic Field Sensor)

On-Board Magnetic Sensor Market Industry Verticals Outlook

Healthcare
Automotive
Consumer Electronics
Aerospace & Defense
Industrial
Others

Report Scope

MARKET SIZE 2024	1.756(USD Billion)
MARKET SIZE 2025	1.885(USD Billion)
MARKET SIZE 2035	3.821(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	7.32% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
Market Forecast Period	2025 - 2035
Historical Data	2019 - 2024
Market Forecast Units	USD Billion
Key Companies Profiled	Honeywell (US), Bosch (DE), STMicroelectronics (FR), NXP Semiconductors (NL), Infineon Technologies (DE), Texas Instruments (US), Analog Devices (US), Asahi Kasei Microdevices (JP)
Segments Covered	Type, Magnetic Density, Application, Industry Verticals, Region –Industry Forecast Till 2035
Key Market Opportunities	Integration of advanced sensing technologies enhances performance in the On-Board Magnetic Sensor Market.
Key Market Dynamics	Rising demand for advanced automotive applications drives innovation in on-board magnetic sensor technology and competitive dynamics.
Countries Covered	North America, Europe, APAC, South America, MEA