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Hall Effect Sensors Market Share

Report ID: GMI10063
Published Date: Jun 2024
Report Format: PDF

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Hall Effect Sensors Market Share

Honeywell International, Analog Devices and Infineon Technologies holds significant market share of 36% in the hall effect sensors industry and are majorly investing in product innovation and development to expand their market share. Honeywell International is a leading supplier of hall effect sensor Integrated Circuits (ICs). It offers a wide range of sensors including linear hall effect sensors, digital switches, and magnetic position sensors. Its products find applications in automotive, industrial, and consumer electronics sectors.

Infineon is a prominent semiconductor manufacturer that produces Hall effect sensor ICs and sensor solutions. The company offers sensors for automotive applications such as wheel speed sensing, throttle position sensing, and current sensing. Infineon's hall effect sensors are also used in industrial and consumer electronics.

Hall Effect Sensors Market Companies

Major players operating in the hall effect sensors industry are:

AKM (Asahi Kasei Microdevices)
Allegro MicroSystems
Analog Devices
Honeywell International
Infineon Technologies
TDK Corporation
TE Connectivity

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size for hall effect sensors was valued at USD 2.3 billion in 2023 and is estimated to register over 6% CAGR between 2024 and 2032, driven by the growing automotive industry.

Linear hall effect sensors market recorded over 55% share in 2023 and will expand rapidly through 2032, as they offer higher precision and accuracy in measuring linear displacement, position, and motion.

Asia Pacific market held 41% revenue share in 2023 and will expand rapidly through 2032, driven by growing adoption with solar and wind energy projects.

AKM (Asahi Kasei Microdevices), Allegro MicroSystems, Analog Devices, Honeywell International, Infineon Technologies, TDK Corporation, and TE Connectivity among others.