Industry Overview - Hall sensors are based on the Hall effect principle, converting physical quantities such as current, magnetic fields, displacement, and pressure into electromotive force output. They can be categorized into linear and switch-type Hall sensors [1][3] - The Hall sensor industry chain consists of upstream raw materials, midstream design and manufacturing, and downstream applications in various sectors including automotive, consumer electronics, industrial, and renewable energy [1][10] Market Size - The global Hall sensor market is projected to grow from $7.83 billion in 2020 to $11.75 billion in 2024, achieving a compound annual growth rate (CAGR) of 10.7% [4][6] - In China, the Hall sensor market is expected to reach ¥6.55 billion in 2024, with a year-on-year growth of 17.2%, surpassing the global average growth rate [6] Competitive Landscape - Key global players in the Hall sensor market include Allegro MicroSystem, Infineon, AKM, TDK, and NXP, with companies from the US, Japan, and Europe holding a dominant position, especially in the high-end market [8] - The domestic market features a division between chip suppliers and integrated module providers, with local companies primarily adopting a Fabless model [8] Industry Chain - The upstream of the Hall sensor industry includes semiconductor materials (like silicon wafers), magnetic materials (such as rare earth), and packaging materials (ceramics and plastics), with silicon wafers accounting for approximately 45% of the total cost of chip production [10] - The automotive sector is the most significant application area for Hall sensors, used for wheel speed detection, position detection of crankshafts and camshafts, and electronic handbrake systems [10] Future Trends - The Hall sensor industry is moving towards high integration, low power consumption, and miniaturization, driven by the demand for smaller electronic products and the need for low-power solutions in line with carbon reduction strategies [12][13] - New materials such as graphene and topological materials are expected to enhance Hall sensor performance, enabling broader applications and improved capabilities [13]