According to statistics from QYResearch, the global Hall sensor market size reached 2.33 billion US dollars in 2024 and is expected to grow steadily at a compound annual growth rate of 5.08%, reaching a market size of 3.34 billion US dollars by 2031. In terms of product applications, the automotive and transportation sector is the primary end market, accounting for 64.8% of the total.
Source: Electronic Enthusiast
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