PDF Cover

Magnetic Position Sensor ICs Market

Magnetic Position Sensor ICs Market

The market for Magnetic Position Sensor ICs was estimated at $1.1 billion in 2024; it is anticipated to increase to $1.8 billion by 2030, with projections indicating growth to around $2.8 billion by 2035.

Report ID:DS1206053
Author:Chandra Mohan - Sr. Industry Consultant
Published Date:November 2025
Datatree
Semiconductors & Electronics
S&E Technology
Magnetic Position Sensor ICs
Share
Report Summary
Table of Contents
Methodology
Market Data

Global Magnetic Position Sensor ICs Market Outlook

Revenue, 2024

$1.1B

Forecast, 2034

$2.6B

CAGR, 2024 - 2034

9.1%
The Magnetic Position Sensor ICs industry revenue is expected to be around $1.2 billion in 2025 and expected to showcase growth with 9.1% CAGR between 2025 and 2034. The noticeable increase in the market for Magnetic Position Sensor ICs is indicative of the growing importance of these products across sectors of industries. Technological progressions and the surge in automation system adoption are factors driving this trend. Moreover the expanding need for contactless position sensors in applications contributes to this upward trajectory. In terms of significance Magnetic Position Sensor ICs still hold a crucial place, in particular within emerging domains, like electric vehicles and robotics. These sectors heavily rely on sensor information demonstrating the essential role Magnetic Position Sensor ICs have come to play. Moreover the strict regulations regarding safety features in sectors like automotive and industrial industries are also increasing the need for these advanced tools significantly. The advancements in shrinking circuit sizes and improved complexity of integrated circuits have further strengthened their position, in the market. Fueled additional expansion.

Magnetic Position Sensor ICs are well regarded for their construction and excellent functionality in detecting and quantifying magnetic fields to offer important positional information regularly needed in different sectors like automotive and aerospace industries as well as consumer electronics field among others for a range of functions. For example in the industry these sensors play a crucial role in steering angle detection as well as monitoring brake pedal and throttle positions with precision. The emergence of Industry 4.0 has further emphasized the significance of these sensors, in enhancing efficiency and performance across various sectors.

Magnetic Position Sensor ICs market outlook with forecast trends, drivers, opportunities, supply chain, and competition 2024-2034

Market Key Insights

  • The Magnetic Position Sensor ICs market is projected to grow from $1.1 billion in 2024 to $2.6 billion in 2034. This represents a CAGR of 9.1%, reflecting rising demand across Automotive Industry, Consumer Electronics and Industrial Automation.

  • Allegro Microsystems, Honeywell International Inc., and Infineon Technologies AG are among the leading players in this market, shaping its competitive landscape.

  • U.S. and Germany are the top markets within the Magnetic Position Sensor ICs market and are expected to observe the growth CAGR of 6.6% to 9.6% between 2024 and 2030.
  • Emerging markets including Brazil, India and South Africa are expected to observe highest growth with CAGR ranging between 8.7% to 11.4%.

  • Transition like Emergence of Automotive Applications is expected to add $200.0 million to the Magnetic Position Sensor Ics market growth by 2030

  • The Magnetic Position Sensor ICs market is set to add $1.5 billion between 2024 and 2034, with manufacturer targeting Consumer Electronics & Robotics End-Users projected to gain a larger market share.
  • With

    adoption in electric vehicles, and

    emergence of advanced robotics, Magnetic Position Sensor ICs market to expand 139% between 2024 and 2034.

magnetic position sensor ics market size with pie charts of major and emerging country share, CAGR, trends for 2025 and 2032

Opportunities in the Magnetic Position Sensor ICs

The advancement of technology has also led to a growing use of Magnetic Position Sensor ICs in areas like robotics and automation due to their accurate features which are also perfect for tasks needing careful control. These innovations, in technology and adapting product advancements accordingly can also result in growth opportunities.

Growth Opportunities in North America and Asia-Pacific

North America Outlook

As a region known for its thrust on innovation and technological enhancements, North America exhibits robust demand for Magnetic Position Sensor ICs. The integration of these sensors in automotive systems, consumer electronics, and Technological devices drives the regional market. OEMs and tech developers in the U. S. and Canada have piloted the adoption of these advanced ICs, facilitating their mainstream acceptance. Moreover, well-established infrastructure and investable funds available for R&D activities underpin the regional growth prospects. The presence of global giants in the IC industry makes the level of competition relatively high. As manufacturers confront this challenge, the driving factor is the relentless pursuit of developing highly accurate, reliable, and cost-effective sensor ICs.

Asia-Pacific Outlook

Asia-Pacific, characterized by proliferating industrialization and swift digitization, offers prime opportunities for the Magnetic Position Sensor ICs market. The booming automotive sector in China, Japan and South Korea, coupled with an escalating demand for advanced consumer electronics in India, fuels the regional demand. Furthermore, the increasing application in robotics and machinery in manufacturing industries across the region magnifies the potential of these ICs within the region. Simultaneously, stiff competition among regional and global players impacts market dynamics, emphasizing value-based and innovation-driven strategies. The driving agents in this region include technological advancements, market penetration of high-tech devices, and pro-digitization policies

Market Dynamics and Supply Chain

01

Driver: Adoption in Electric Vehicles, and Expansion of IoT and Industry 4.0

The increasing prominence of vehicles also drives a heightened need for Magnetic Position Sensor ICs technology as it plays a vital role in precisely gauging motor components’ positions and velocities crucial, for EV performance optimization and emission reduction efforts.

IoT and Industry 4.0s progression is also changing the face of traditional manufacturing and supply chain processes. Magnetic Position Sensor ICs role is also expanding with the growing demand for real-time data collection and monitoring, largely centrally controlled through IoT devices. This shift towards a more digital, interconnected world continues to boost the market for these highly accurate sensors.


Magnetic position sensor integrated circuits are also widely utilized in robotics for their rapid response and accurate detection abilities. They have also a function in controlling robotic systems effectively for precise operations. The growing realm of robotics in industries and healthcare sectors emphasizes the demand, for top notch sensor technology solutions.

02

Restraint: High Manufacturing and Implementation Cost

The production and use of Magnetic Position Sensor ICs come with expenses attached to them due to the need for specific materials and careful manufacturing methods that drive up costs significantly. Moreover incorporating these sensors into uses, like robotics, automotive industry, medical equipment and avionic systems requires a considerable amount of investment. The high costs involved may discourage entrants and impede market expansion in these sectors.

03

Opportunity: Strategic Collaborations in Asia-Pacific and Untapped Consumer Electronic Market

The Asia Pacific area holds a wealth of opportunities for the Magnetic Position Sensor ICs market due to its thriving economies and technological centers. Establish partnerships with local OEMs and tech firms could open up new avenues for market growth. The growth of the sector and rising interest in industrial automation, in this region underscore the importance of Magnetic Position Sensor ICs s in optimizing production processes and modern vehicles.


The rapid growth of gadgets for consumers like smart devices and wearable technology shows an exciting market opportunity that hasn't been fully explored yet. Many products are now incorporating Magnetic Position Sensor ICs technology for location tracking which enhances user satisfaction and device capabilities even more. Therefore moving into the consumer electronics sector could lead to expansion, in the market.

04

Challenge: Technological Constraints and Dependence on External Factors

The performance of Magnetic Position Sensor ICs is greatly dependent on the surrounding conditions and the accuracy of their measurements can be affected under extreme environmental circumstances such as high temperature and humidity. Furthermore, these sensors require a stable magnetic field for accurate position detection. Fluctuating magnetic fields or interference by metallic objects in the vicinity can negatively affect the sensors precision.

Supply Chain Landscape

1
Raw Material Suppliers

Advanced Materials Corporation

Hitachi Metals Ltd

2
Fabrication

TE Connectivity

Honeywell International Inc

3
IC Assembly & Testing

Infineon Technologies

Qualcomm Inc

4
End-Use Industry

Automotive

Robotics

Industrial Automation

*The illustration highlights the key stakeholders within the supply chain ecosystem.

Applications of Magnetic Position Sensor ICs in Automotive Industry, Consumer Electronics & Industrial Automation

Automotive Industry

The automotive industry frequently employs Magnetic Position Sensor ICs in various systems such as power steering, powertrain, and brake systems. These sensor ICs precisely track the position and movement of magnetic fields to ensure optimal vehicle performance and enhanced safety features. The most commons utilized in this sector are Rotary Position Sensor ICs, known for their exceptional reliability and accuracy. Top players such as Allegro MicroSystems and TE Connectivity dominate this particular application with their innovation-driven approach and robust market presence.

Industrial Automation

Industrial automation incorporates Magnetic Position Sensor ICs for precise positioning in robotics, factory automation, and conveyance systems. These sensors help relay accurate location data of components, enabling efficient control and operation of automated systems. In this application, Linear Position Sensor ICs are prevalent due to their ability to detect linear movement with high accuracy. Renowned industry players like Infineon Technologies and ams AG exhibit strong dominance, driven by their cutting-edge product portfolio and robust market positioning.

Consumer Electronics

In contemporary consumer electronics, Magnetic Position Sensor ICs play a critical role in improving the operational efficiency and performance of devices like smartphones, laptops, and tablets. These sensors ICs facilitate gyroscopic control and navigation functions of the device, vastly improving user experience. In this domain, 3D Magnetic Sensor ICs are extensively used for their multi-axis sensing capabilities.

Recent Developments

December 2024

The noted manufacturer, Infineon Technologies, expanded its product line with the introduction of new Magnetic Position Sensor ICs designed for industrial applications, endorsingindustry'sgrowing demand for these sensors

September 2024

ADI Systems announced the development of state-of-the-art Magnetic Position Sensor ICs for electric vehicles, highlighting the markets shift towards automotive and green technology

April 2024

Maxim Integrated laid ground to a new manufacturing unit in Singapore, focusing on the production of Magnetic Position Sensor ICs, underscoring the firms growing presence and dominance in this niche market.

Over the recent years, the global market has witnessed a significant surge in the use and demand for Magnetic Position Sensor ICs. Part of this growing interest can be attributed to the efficiency benefits these sensor ICs offer in areas such as automotive and industrial automation.

Impact of Industry Transitions on the Magnetic Position Sensor ICs Market

As a core segment of the S&E Technology industry, the Magnetic Position Sensor ICs market develops in line with broader industry shifts. Over recent years, transitions such as Emergence of Automotive Applications and Growth in Industrial Automation have redefined priorities across the S&E Technology sector, influencing how the Magnetic Position Sensor ICs market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.
01

Emergence of Automotive Applications

The automotive sector anticipates extensive deployment of Magnetic Position Sensor ICs, primarily driven by rising investments in electric vehicles and autonomous driving technology. Adoption of these integrated circuits within the automotive industry facilitates precise position determination, controlling and optimizing automated processes. For instance, Magnetic Position Sensor ICs are widely used in electric power steering, pedal position sensors, throttle position sensors, and gear position sensors, contributing to safer and more efficient vehicles. This industry transition is expected to add $200 million in the industry revenue between 2024 and 2030.
02

Growth in Industrial Automation

The surge in demand for magnetic position sensors ICs is notable within the industrial automation sector. Recognized for their durability and accuracy, these ICs play a pivotal role in enhancing productivity, safety measures and operative efficiency of automated machinery and robotics. The advancement of Industry 4.0 landscape fuels up the incorporation of such sensors, thus, catalyzing technological transformation across the industrial sector.

Report Price: $4,200

Related Reports

Loading related reports...