On-Board Magnetic Sensor Market: Key Developments Shaping the Future of Sensing Technology

The on-board magnetic sensor market is expanding rapidly as industries move toward higher levels of automation and electrification. According to insights from Stratview Research, the On-Board Magnetic Sensor market reached USD 1.8 billion in 2022 and is projected to grow at a robust CAGR of 8.62% during 2023–2028, driven by its growing adoption in automotive, consumer electronics, and industrial equipment.

Key Features

On-board magnetic sensors are designed to detect magnetic fields, position, and rotational speed with high accuracy. Their compact size, low power consumption, and durability make them ideal for modern electronic systems. Advanced technologies such as Hall-effect, AMR, GMR, and TMR sensors provide enhanced sensitivity, improved temperature stability, and superior performance in harsh environments. These features ensure reliable operation in applications that require precise feedback and continuous monitoring.

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Applications

The automotive sector represents one of the largest application areas, with sensors used in steering angle detection, throttle control, gear position sensing, and wheel speed measurement—critical to EVs and ADAS functions. In consumer electronics, magnetic sensors enable electronic compasses, motion detection, and orientation tracking in smartphones, tablets, and wearables. Industrial automation relies on these sensors for motor control, robotics, conveyor systems, and factory equipment where precise positioning and feedback are essential.

Trends

Key industry trends include rising demand for miniaturized, low-power sensors suited for compact electronic devices. The shift toward electric and autonomous vehicles accelerates the need for advanced magnetic sensing technologies. Increased integration of TMR and GMR sensors reflects the market’s move toward higher accuracy and faster response times. Smart manufacturing and IoT proliferation further sustain growth.

Opportunities

Significant opportunities lie in EV expansion, autonomous driving systems, and industrial robotics. Sensor manufacturers investing in high-sensitivity, energy-efficient solutions and expanding production in emerging markets stand to benefit the most. The growing adoption of smart consumer devices also opens new avenues.

Conclusion

The on-board magnetic sensor market is poised for strong growth as electrification, automation, and digitalization continue to reshape industries. With rising performance demands and expanding applications, magnetic sensors will remain central to next-generation smart systems.