Magnetic Sensor Market – Global Opportunities & Forecast, 2020-2027
This global study conducted by GMI Research provides an
overview of the existing market trends, drivers, restrictions, and metrics and
also offers a viewpoint for different segments. The market report tracks the
overall demand growth during the forecast period. A regional study of the market
is also carried out in North America, Asia-Pacific, Europe, and the Rest of the
World. The report indicates growth parameters in the regional markets, along
with leading players that are dominating the industry.
Competitive Landscape:
The leading organizations covered in the Magnetic Sensor
Market are:
·
Allegro MicroSystems, LLC
·
Asahi Kasei Corporation
·
TDK Corporation
·
Infineon Technologies AG
·
Honeywell International Inc.
·
Melexis
·
NXP Semiconductors
·
TE Connectivity
·
ams AG
·
Texas Instruments Incorporated
Drivers of the Magnetic Sensor Market:
The growing adoption of magnetic sensors across several
industries, which includes the automotive industry, consumer electronics, and
healthcare, among others, due to their capability to process real-time data,
notify speed-related problems and gather data of various parameters such as
speed sensing, position sensing, switching, and others are certain factors
driving the growth of the global magnetic sensor market.
Furthermore, the increasing inclination of manufacturers towards the development
of 3D magnetic sensors and the rise in the demand for such sensors in
autonomous cars owing to their ability to improve fuel economy and safety are some
other drivers leading to an increase in demand for magnetic sensors in the
market worldwide. Moreover, numerous technological advancements for the
development of magnetic sensors, such as the implementation of artificial
intelligence and growing R&D investments, are further surging the growth of
the global magnetic sensor market in the upcoming years. On the other hand, the
factors hindering the growth of the global magnetic sensor market include the
high pressure of pricing for these sensors and the high cost of installation in
the market.
Based on the region, Asia-Pacific is expected to grow at a
higher CAGR during the forecast period due to the high adoption of magnetic
sensors by the consumer electronics and automotive manufacturing industries in
this region. Additionally, growing demand for smartphones and automotive has
led to an upsurge in the production of these products across economies like
India, China, Japan, coupled with the presence of numerous sensor manufacturers
in the region are other factors propelling the growth of magnetic sensors in
the market.
For Additional Insights, Click to Access Complete Report:
https://www.gmiresearch.com/report/magnetic-sensor-market/
Key Benefits offered by the Magnetic Sensor Market report:
·
This study represents the analytical depiction
of the Magnetic Sensor Market along with the ongoing trends and future
estimations to determine the imminent investment pockets.
·
The report provides detailed information related
to market drivers, restraints, and growth opportunities, followed by the
analysis of the Magnetic Sensor Market share.
Segmentation of the Magnetic Sensor Market:
The Magnetic Sensor Market has been categorized into the
following segments:
Breakup by Type:
·
Magnetoresistive Sensors
o
Giant Magnetoresistive (GMR) Sensors
o
Anisotropic Magnetoresistive (AMR) Sensors
o
Tunnel Magnetoresistive (TMR) Sensors
·
Hall Effect Sensors
o
Hall Elements
o
Hall ICS
·
Fluxgate Sensors
·
Squid Sensors
o
Low-Temperature Squid
o
High-Temperature Squid
·
Others
Breakup by Range:
·
<1 Microgauss (Low Field Sensors)
·
1 Microgauss-10 Gauss (Earth Field Sensors)
·
>10 Gauss (Bias Magnetic Field Sensors)
Breakup by Application:
·
Speed Sensing
·
Position Sensing
·
Flow Rate Sensing
·
Navigation & Electronic Compass
·
Proximity Detection/Non-Destructive Testing
·
Others
Breakup by End-User Industry:
·
Consumer Electronics
o
Smartphones
o
Consumer Appliances
o
Gaming Consoles
o
Wearables
o
Consumer Drones
o
Others
·
Transportation
o
Railway
o
Automotive
o
Marine
·
Aerospace & Defense
·
Healthcare
·
BFSI
o
Currency Counter/Detector/Sorter
o
Point-Of-Sale (POS) Terminal
o
ATM
·
Industrial
·
Others
Breakup by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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