This statistic shows the global market size for automotive magnetic sensors in 2017 and the predicted size by 2030. Magnetic sensors are already utilized in modern automobiles, but their presence is expected to increase significantly. Autonomous vehicles will likely be a key driver to the growth of this market as self-driving cars require high-performance, accurate magnetic sensors. By 2030, the market is expected to be worth 2.3 billion U.S. dollars worldwide.
Size of the global market for automotive magnetic sensors in 2017 and 2030
(in billion U.S. dollars)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
IHS Markit. (July 17, 2018). Size of the global market for automotive magnetic sensors in 2017 and 2030 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 31, 2024, from https://www.statista.com/statistics/1013829/estimated-automotive-magnetic-sensors-market-size/
IHS Markit. "Size of the global market for automotive magnetic sensors in 2017 and 2030 (in billion U.S. dollars)." Chart. July 17, 2018. Statista. Accessed December 31, 2024. https://www.statista.com/statistics/1013829/estimated-automotive-magnetic-sensors-market-size/
IHS Markit. (2018). Size of the global market for automotive magnetic sensors in 2017 and 2030 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 31, 2024. https://www.statista.com/statistics/1013829/estimated-automotive-magnetic-sensors-market-size/
IHS Markit. "Size of The Global Market for Automotive Magnetic Sensors in 2017 and 2030 (in Billion U.S. Dollars)." Statista, Statista Inc., 17 Jul 2018, https://www.statista.com/statistics/1013829/estimated-automotive-magnetic-sensors-market-size/
IHS Markit, Size of the global market for automotive magnetic sensors in 2017 and 2030 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1013829/estimated-automotive-magnetic-sensors-market-size/ (last visited December 31, 2024)
Size of the global market for automotive magnetic sensors in 2017 and 2030 (in billion U.S. dollars) [Graph], IHS Markit, July 17, 2018. [Online]. Available: https://www.statista.com/statistics/1013829/estimated-automotive-magnetic-sensors-market-size/
