Magnetic Sensors Market to Nearly Double by 2033 on EV &...

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2025-06-19 11:55:53

Magnetic Sensors Market to Nearly Double by 2033 on EV & Automation Boom

Magnetic Sensors Market to Exceed USD 8 Billion by 2033, Driven by EV, Automation, and Smart Tech Demand The Magnetic Sensors Market, valued at approximately USD 4.5 billion in 2024, is expected to grow steadily and reach USD 8–9 billion by 2033. This expansion reflects a compound annual growth rate (CAGR) of 6–8%, fueled by the rapid proliferation of electric vehicles, advancements...

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