The Hall Effect Sensor Market size is forecast to reach US$ 2.1 billion by 2027, growing at a CAGR of 8.6% from 2022 to 2027. Hall effect sensors use ‘Hall Effect’ principle to convert magnetically encoded information into electrical signals. The principle of Hall effect sensors depends on the electron mobility. These devices have a range of applications, with Hall effect sensors often used in automotive systems to sense position, distance and speed. They are commonly used in automotive control systems like proximity sensing, speed detection, anti lock braking systems and others, electronics, and measurement devices. The factors such as rise in industrial automation, growing application of hall effect sensor in robotics, increasing use of programmable and fully integrated current sensors and transducers and wide temperature stability in extreme environments in wide range of industry verticals are helping in the growth of this market. However, the factors such as high cost of raw materials for hall effect sensors and technical issues like inconsistent.
Hall Effect Sensor Market Report Coverage
The report: “Hall Effect Sensor Industry Outlook — Forecast (2022–2027)”, by IndustryARC covers an in-depth analysis of the following segments of the Hall Effect Sensor industry.
By Type of Loop: Open-Loop Sensor, Closed-Loop Sensor
By Rotor: Magnetic rotor, Ferrous vane rotor
By Magnetic field: Unipolar, Bipolar, Omnipolar
By Technology: BiCMOS, CMOS
By Material: Gallium Arsenide (GaAs),Indium Arsenide (InAs),Indium Phosphide (InP),Indium Antimonide (InSb),Graphene
By Output: Analog ( Linear ), Digital ( Switching )
By Application: Position sensing, Motion sensing, Wireless Communication, Pressure Sensing, Flow rate Sensing, Vibration sensing, Others
By End user: Industrial Equipments, Power & Energy, Oil, gas and petrochemical, Automotive, Consumer Electronics, Telecommunication, Healthcare, Aerospace & Defense, Manufacturing, Robotics, Others
By Geography: North America (U.S, Canada, Mexico), Europe(U.K, Germany, France, Italy, Spain,Others), APAC (China, Japan, South Korea, India, Australia, Others), South America (Brazil, Argentina, Others), RoW (Middle East, Africa)
Key Takeaways
- The open loop sensor segment is predicted to grow at a faster rate than closed loop sensor overthe forecast period of 2002–2027 in the Hall Effect Sensor Market segmented by type of loop. This is owing to more precise results with simple design, cost effective circuit and easy to maintain and tune.
- The industrial segment held the largest share in Hall Effect Sensor Market by application, in 2021. This is attributed toadvent of industrial automation and need of accurate production lines for safety and efficiency.
- Asia-Pacific (APAC) market held the largest market share of 35%, in 2021. This is due to growing research in Hall Effect sensor technologies, rise in industrial automation and robotics and government policies to boost the semiconductor sensor industry.
- The increasing smart grids and robotics in industries, growing use of electric vehicles and smart automotive systems and growing research in Hall Effect sensors for improved performance are the contributing factors in the growth of Hall Effect Sensor Market.
Hall Effect Sensor Market Segment Analysis — By Type of Loop
The Hall Effect Sensor Market by type of loop has been segmented into open loop sensor and closed loop sensor. The open loop segment is predicted to grow at a faster rate with CAGR of 9.8%, over the forecast period 2022–2027. This is owing to growing application of open loop hall effect sensors in industrial equipments, ease of implementation of the mechanism and galvanic isolation effect. Open loop current sensors consist of a Hall sensor mounted in the air gap of a magnetic core. An open-loop Hall-effect sensor uses the Hall voltage directly to produce its output signal making it simpler to implement and exhibits a faster response time. These sensors help improve the overall efficiency and productivity of an automation process due to galvanic isolation effect. It is a major factor in the selection of a open loop hall effect sensor mainly for current measurement applications. Thus, open loop hall sensors have several benefits in industrial applications which are mainly promoting the growth of this open loop hall sensor segment. In July 2021, a customized version of LEM’s HAH1, an open loop hall effect sensor, was developed. It significantly reduces the assembly footprint compared to previously available solutions and allows a higher integration level within the control infrastructure. Thus, growing use of open loop Hall Effect sensor with integrated systems and customized structure as per requirement is fuelling the growth of this market.
Hall Effect Sensor Market Segment Analysis — By End User
The Hall Effect Sensor Market by end user has been segmented into industrial equipments, automotive, consumer electronics, telecommunication, healthcare, aerospace & defense, manufacturing, others. The industrial equipment segment held the largest share of 32%, in 2021. This is owing to the increasing need of precision production line processes and wide working temperature range in extreme industrial environments. Current sensor, pressure sensors and rate of flow sensors are some of the extensively used applications of Hall Effect sensors in industrial and manufacturing. In Industrial equipments, Hall Effect sensors are used in security systems, alignment controls, micrometers, machine tools, key switches, linear potentiometers, rotary encoders, and brushless DC motor commutators. Thus, a large scale of equipment and process line requirement of Hall Effect sensor in industrial applications is assisting the industrial equipments segment growth. In October 2021, Texas Instruments has introduced TMAG5170, the first device in a new family of 3D Hall-effect position sensors for real-time control in factory automation and motor-drive applications. The sensor is promoted as providing integrated functions and diagnostics to maximize design flexibility and system safety while saving energy. Such growing advancements in hall effect sensor technologies for industrial requirements and other applications is driving the growth of this market
Hall Effect Sensor Market Segment Analysis — By Geography
The Hall Effect Sensor Market by geography is segmented into North America, Europe, Asia-Pacific (APAC), South America, and the rest of the world (RoW). Asia Pacific (APAC) held the largest Hall Effect Sensor Market share with 35% of total market size. This is due to increasing government policies supporting industrial automation and growing research in new technological integration in Hall effect sensors such as 3D sensing or bipolar complementary metal-oxide-semiconductor (BiCMOS) technology in countries such as China, India, South Korea, and Japan. The recent developments of graphene-based Hall Effect sensors, programmable hall effect sensors are also boosting the growth in Asian countries. In June 2020, Melexsis announced an automotive grade monolithic sensor that uses Hall Effect to provide contactless sensing in three-dimensional environment. The dual die version of MLX90395 is defined through system processor, rather than hardwires into device. Such, growing innovations in the Hall Effect sensors is accelerating the growth of this market in Asian countries.
Hall Effect Sensor Market Drivers
The rising industrial automation and increasing use of smart grids in production line boosts the growth of Hall Effect Sensor market
The Hall Effect Sensor Market is growing due to the rise in demand for sensors with higher accuracy levels, wide working temperature ranges and accurate results. The increasing use of smart grids and rising safety concerns within industrial applications drive the demand of hall effect sensors. The rise in implementation of industry 4.0 technologies such as industrial internet of things (IIoT) and cloud-computing has created high demand for variety of sensors. Another essential part, DC motors, and switches, controls also use Hall Effect sensors for automation which are increasingly used by various industries. Hall effect sensors are also an effective, contactless way to measure DC magnetic flux in current transformers. These sensors dedicated for different kinds of industrial applications are available for example, sealed Hall Effect devices are water-proof and are made in such a way to resist any vibration. Thus, customization of these sensors is assisting in the growth of this market. In January 2022, Allegro MicroSystems, Inc., a global leader in sensing and power solutions for motion control and energy-efficient systems, announced its new A33230 3D sine/cosine Hall-effect position sensor IC. The A33230 is the smallest 3D sine/cosine sensor currently available in the market, and offers system designers a cost-effective solution for automotive and industrial applications with a quick time to market. Thus, growing industrial applications is driving the Hall Effect Sensor Market growth.
The increasing research in bipolar complementary metal-oxide-semiconductor (BiCMOS) technology, intelligent hall effect sensors and three-dimensional sensors is boosting the hall effect sensors market growth.
There are growing advancements in the Hall Effect sensor technologies such as BiCMOS, three-dimensional and many others. BiCMOS offers a high current drive per unit, low input density, high power dissipation, and low noise compared to conventional or CMOS technology. A BiCMOS chopper stabilization circuit is utilized to reduce signal offset and to stabilize the output of the IC over its operating temperature range. with BiCMOS technology, features fast power-on time and low-noise operation. A family of Hall-effect sensors optimized for automotive and mechatronic applications that demand accuracy and flexibility combined with low cost. It includes a microcontroller, a temperature sensor, advanced on-chip compensation, and a digital interface. The latest automotive designs require smart sensors to deliver the high level of precision and robustness linked with the capability of local pre-processing of the measured data. In May 2022, Synaptics Inc. has launched the FlexSense family of sensor processors that captures and intelligently handles input from up to four sensors in a tiny, ultra-low-power form factor that is up to 80% smaller than existing solutions. Integrating a mix of capacitive, inductive, Hall effect and ambient sensing into a single processor with proprietary algorithms, the FlexSense family brings reliable, low-latency, and context-aware force, proximity, and touch sensing to Internet of things (IoT) devices. Such innovations in integration of hall effect sensors with intelligent technologies is driving the growth of this market.
Hall Effect Sensor Market Challenges
The issue of uneven strength of magnetic fields in Hall Effect sensors is restricting the growth of this market
Hall effect sensors produce an output voltage directly proportional to the strength of the magnetic field generated by the current supplied. It is connected to an analog to digital (A/D) converter, microprocessor, or microcontroller to maintain the voltage. Hall-Effect sensors work on the concept of magnetic field, which makes them more vulnerable to external magnetic fields, leading to inconsistent measurement of the current flow. These sensors are not suitable for measuring the flow of current if the distance between the generated magnetic field and the current-carrying conductor is beyond certain limits which is expected to hinder the market growth. In May 2022, Titan Enterprises Ltd, explains some of the reasons for sensor failures. High quality Hall effect sensors are typically used within Titan’s pulse precision flow measurement devices. The sensors operate between 4.0Vdc and 30Vdc, however, exceeding the maximum 30Vdc to the Hall Effect sensor will damage the unit. A good quality regulated DC power supply is recommended for powering a pulse flow meter. Thus, due to the technical limitations and need to maintain certain distance and current flow restricts the growth of this market.
Hall Effect Sensor Market Landscape
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Hall Effect Sensor industry. The Hall Effect Sensor top 10 companies include ABB Ltd, Allegro MicroSystems LLC, TE Connectivity Ltd, Bartington Instruments Ltd, Honeywell International Inc., Analog Devices, Inc., Robert Bosch GmbH, NXP Semiconductors N.V., TDK Corporation, Infineon Technologies AG
Recent Developments:
In July 2020, Texas Instruments announced the industry’s first zero-drift Hall-effect current sensors. The TMCS1100 and TMCS1101 enable the lowest drift and highest accuracy over time and temperature while providing reliable 3-kVrms isolation, which is especially important for AC or DC high-voltage systems such as industrial motor drives, solar inverters, energy-storage equipment and power. This product with unique feature and varied applications will aquire a significant market share
In May 2021, Paragraf continues to push performance boundaries with its graphene Hall Effect sensors. Oxford Instruments, a leading provider of high technology tools and systems for research and industry, have employed a modified version of the Paragraf GHS09CC sensor device to carry out measurements at temperatures and magnetic field strengths far beyond the scope of any other sensing solution. Thus, this breakthrough innovation of using graphene will help in gaining a significant market share.
In October 2021, Texas Instruments has introduced TMAG5170, the first device in a new family of 3D Hall-effect position sensors for real-time control in factory automation and motor-drive applications. The sensor is promoted as providing integrated functions and diagnostics to maximize design flexibility and system safety while saving energy. Thus, expanding the integration and advanced features will assist in capturing the market of hall effect sensors.
In November 2021, TDK Corporation announced the portfolio expansion of its Micronas direct-angle Hall-effect sensor family with the HAR 3927. This product uses proprietary 3D HAL® pixel-cell technology and addresses the need for ISO 26262-compliant development. Various configuration options of HAR 3927 increase customers’ flexibility during development and enable one sensor to be used in multiple applications, which reduces costs and effort for re-qualification. Thus, compliance with certification and improved results will help in market growth of hall effect sensors.
Relevant Report Titles:
Magnetic Sensors Market — Forecast(2022–2027)
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Hall-effect Current Sensor Market — Forecast(2022–2027)
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Building and Home Automation Flow Sensors Market — Forecast(2022–2027)
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