Expanding sensor based applications across various industries is the key factor contributes the growth of global magnetic sensors market. Magnetic sensor converts a magnetic field into an electrical signal, utilized to sense the magnetic field strength to measure current, position, motion, direction, and other physical parameters. Magnetic sensors can be classified based on the vector components of the magnetic field and measurement of the total magnetic field. Some of the common technologies used for magnetic field sensing includes anisotropic magneto-resistance, hall-effect, giant magneto-resistance, magnetic tunnel junctions, giant magneto-impedance, nuclear precession, SQUID, optically pumped, fluxgate, and microelectromechanical systems-based magnetic sensors. Magnetic sensors are widely used across various industries including automobile, defence, consumer electronics and healthcare.