The magnetic sensor market is highly competitive, and local manufacturers are accelerating their breakthroughs

The magnetic sensor market is currently dominated by overseas brands, but domestic manufacturers are accelerating their breakthroughs. The mainstream players in the global magnetic sensor chip market include overseas manufacturers such as Allegro, Infineon, AKM, Melexis, and TDK. However, domestic manufacturers such as Nanochip, Canrui Technology, Awin Electronics, Saizhuo Electronics, Sirui Technology, Xinjin Electronics, and Meixin Semiconductor are also actively deploying. Although they started late, the localization rate of magnetic sensor chips is gradually increasing.