The market for semiconductor-based Hall and magnetoresistive magnetic sensor elements, sensor ICs and switches reached $1.8 billion in 2016 and will grow to $2.7 billion in 2023—a CAGR of 5.9%.
The automotive segment is back in the driving seat as the sector with the most demand for magnetic sensors. Moreover, 60% of the market value comes for sensors addressing more than 60 different applications, and the value is being driven by electrification of the engine and functional safety systems, which adds new kinds of sensor applications and an increased device silicon area, which is stabilizing price erosion. Most suppliers had a great year in 2016 and this appears to be continuing into 2017.
On the other hand, the consumer electronics and appliances, and especially mobile devices are suffering from commoditization. The companies with the best chances are those that cover many industrial segments and that have access to a wide technology portfolio to allow higher market access.
This report addresses key opportunities, disruptive forces, technology battlegrounds, supply chain, and market information for the various semiconductor magnetic sensors including Hall, GMR, AMR, and promising emerging technologies such as TMR.
- Market overview
- Maket by key segments
- Supply chain changes
- Automotive consumption
- Consumer and mobile handset compasses
- Other applications
Senior Principal Analyst, MEMS & Sensors
Richard Dixon is a senior principal analyst for MEMS research and author of more than 50 MEMS-related consulting and market research studies. He is a world-renowned expert on automotive MEMS and magnetic sensors used in safety, powertrain and body applications.