The percolation inception of CNT-polymer nanocomposites is studied considering the magneto-electric field effects on CNT subbands. The analytical model predicts the electrical conductivity where CNTs are modeled as slender rods with their geometric orientations as randomly distributed or aligned to transfer electrons at tunneling distance range. The tunneling effect takes into account the electron transmission between every linked pair of CNTs when evaluating electrical resistance. The subsequent CNT displacement computation and the resistance change comprise the other phase of the modeling approach. Piezoresistivity results of the analyses agree well with the experimental data when considering tunneling behavior in the percolation transition zone. The magnetic field enhances the field affected subbands and increases the electrical conductivity by enhancing the mobility of the charges. The results reveal that the efficiency of CNT network in transmitting charges is increased with higher aspect ratio CNTs that scaled the sensitivity to lower values.