| Product Code: ETC5565515 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Cape Verde continues to see a significant influx of on-board magnetic sensor imports, with top exporting countries in 2024 including Netherlands, Spain, Portugal, Areas, nes, and Norway. The market remains highly concentrated, with a high Herfindahl-Hirschman Index (HHI) indicating dominant players. The impressive compound annual growth rate (CAGR) of 42.86% from 2020 to 2024 underscores the expanding demand for magnetic sensors in Cape Verde. Moreover, the remarkable growth rate of 122.81% from 2023 to 2024 suggests a surge in market activity, signaling lucrative opportunities for businesses operating in this sector.

This market focuses on magnetic sensors used in vehicles and other transportation systems for applications such as position sensing, speed detection, and navigation. The market is expanding as the automotive industry adopts more advanced sensor technologies.
The on-board magnetic sensor market in Cape Verde is driven by advancements in automotive and aerospace technologies. These sensors play a crucial role in vehicle safety systems, navigation, and monitoring. As the automotive industry evolves with the introduction of advanced driver-assistance systems (ADAS) and aerospace applications, the demand for magnetic sensors grows.
The on-board magnetic sensor market in Cape Verde struggles with high costs related to importing advanced sensors and limited local technical expertise. There is also a lack of awareness about the benefits and applications of magnetic sensors in various industries. The market is further constrained by the need for better infrastructure and support for sensor technology development and integration.
The government may support the on-board magnetic sensor market by promoting the use of advanced sensors in automotive and aerospace applications. Policies could include providing funding for research and development, establishing regulations for sensor performance and safety, and encouraging local manufacturers to develop and deploy innovative magnetic sensor technologies.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cape Verde On-Board Magnetic Sensor Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde On-Board Magnetic Sensor Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde On-Board Magnetic Sensor Market - Industry Life Cycle |
3.4 Cape Verde On-Board Magnetic Sensor Market - Porter's Five Forces |
3.5 Cape Verde On-Board Magnetic Sensor Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cape Verde On-Board Magnetic Sensor Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
3.7 Cape Verde On-Board Magnetic Sensor Market Revenues & Volume Share, By Magnetic Density, 2021 & 2031F |
4 Cape Verde On-Board Magnetic Sensor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for advanced driver assistance systems (ADAS) in vehicles |
4.2.2 Growing focus on vehicle safety and regulations related to vehicle safety standards |
4.2.3 Rise in the adoption of electric vehicles in Cape Verde |
4.3 Market Restraints |
4.3.1 High initial investment and installation costs of on-board magnetic sensors |
4.3.2 Lack of skilled professionals for the maintenance and repair of magnetic sensors |
4.3.3 Limited availability of advanced technology and infrastructure in Cape Verde |
5 Cape Verde On-Board Magnetic Sensor Market Trends |
6 Cape Verde On-Board Magnetic Sensor Market Segmentations |
6.1 Cape Verde On-Board Magnetic Sensor Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde On-Board Magnetic Sensor Market Revenues & Volume, By Hall Effect Sensors, 2021-2031F |
6.1.3 Cape Verde On-Board Magnetic Sensor Market Revenues & Volume, By Magnetoresistive Sensors, 2021-2031F |
6.1.4 Cape Verde On-Board Magnetic Sensor Market Revenues & Volume, By SQUID Sensors, 2021-2031F |
6.1.5 Cape Verde On-Board Magnetic Sensor Market Revenues & Volume, By Others, 2021-2031F |
6.2 Cape Verde On-Board Magnetic Sensor Market, By Vertical |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde On-Board Magnetic Sensor Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Cape Verde On-Board Magnetic Sensor Market Revenues & Volume, By Consumer Electronics, 2021-2031F |
6.2.4 Cape Verde On-Board Magnetic Sensor Market Revenues & Volume, By Healthcare, 2021-2031F |
6.2.5 Cape Verde On-Board Magnetic Sensor Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.2.6 Cape Verde On-Board Magnetic Sensor Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.7 Cape Verde On-Board Magnetic Sensor Market Revenues & Volume, By Others, 2021-2031F |
6.3 Cape Verde On-Board Magnetic Sensor Market, By Magnetic Density |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde On-Board Magnetic Sensor Market Revenues & Volume, By |
6.3.3 Cape Verde On-Board Magnetic Sensor Market Revenues & Volume, By 1 Microgauss to 10 Gauss (Earth Field Sensors), 2021-2031F |
6.3.4 Cape Verde On-Board Magnetic Sensor Market Revenues & Volume, By >10 Gauss (Bias Magnetic Field Sensors), 2021-2031F |
7 Cape Verde On-Board Magnetic Sensor Market Import-Export Trade Statistics |
7.1 Cape Verde On-Board Magnetic Sensor Market Export to Major Countries |
7.2 Cape Verde On-Board Magnetic Sensor Market Imports from Major Countries |
8 Cape Verde On-Board Magnetic Sensor Market Key Performance Indicators |
8.1 Average response time for sensor maintenance and repair |
8.2 Number of new vehicle models in Cape Verde equipped with on-board magnetic sensors |
8.3 Percentage increase in government regulations related to vehicle safety and technology integration |
9 Cape Verde On-Board Magnetic Sensor Market - Opportunity Assessment |
9.1 Cape Verde On-Board Magnetic Sensor Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cape Verde On-Board Magnetic Sensor Market Opportunity Assessment, By Vertical, 2021 & 2031F |
9.3 Cape Verde On-Board Magnetic Sensor Market Opportunity Assessment, By Magnetic Density, 2021 & 2031F |
10 Cape Verde On-Board Magnetic Sensor Market - Competitive Landscape |
10.1 Cape Verde On-Board Magnetic Sensor Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde On-Board Magnetic Sensor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |