In recent decades, new magnetic sensors based on giant magnetoresistance (GMR) have been studied and developed intensively. GMR materials have great potential for next-generation magnetic field sensing devices. The GMR material has many attractive features, for example, its electric and magnetic properties can be varied in a very wide range, low power consumption, and small size. Therefore, GMR material has been developed into various applications of sensor based on magnetic field sensings, such as magnetic field sensor, a current sensor, linear and rotary position sensor, data storage, head recording, nonvolatile magnetic random access memory, and biosensor. In this chapter, the recent development of a GMR thin-film-based ferrite material will be reviewed. Furthermore, recent and future trend application of GMR sensor will be discussed.