From Automotive to Aerospace: The Expanding Applications of On Board Magnetic Sensors

The on-board magnetic sensor market was estimated at USD 1.8 billion in 2022 and is likely to grow at a CAGR of 8.62% during 2023-2028 to reach USD 2.96 billion in 2028.

The on-board magnetic sensors are sensors that are assessed after these are placed on the circuit board. The magnetic sensor devices are used for the identification of any fluctuations and disturbances in the magnetic field. They can work on the principle of a transducer, measure the magnetic field, and then convert it into an electrical signal. These sensors have low power consumption, are highly reliable, and are a cost-effective solution for magnetic parameters.