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)
Adjust the presentation of the statistic and data points.
Share the statistic on social media channels or embed the statistic in your
website using "Embed Code", where available.
Cite this statistic and select one of the following formats: APA, Chicago, Harvard, MLA & Bluebook.
Print the statistic including description and metadata.
Chart type
Size of the global market for automotive magnetic sensors in 2017 and 2030
Share this statistic
You have no right to use this feature.
Make sure to contact us if you are interested in scientific citation.
You can upgrade your account to enable this functionality for all statistics.
This feature is not available with your current account.Request access
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 April 16, 2025, 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 April 16, 2025. 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: April 16, 2025. 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 April 16, 2025)
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/
Profit from additional features with an Employee Account
Please create an employee account to be able to mark statistics as favorites.
Then you can access your favorite statistics via the star in the header.
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.
