The global magnetic sensor market size is expected to reach USD 3.2 billion by 2025, according to a new report by Radiant Insights, Inc., exhibiting a 6.8% CAGR over the forecast period. Growing emphasis on automobile safety, coupled with steadily declining prices of sensors, has supported product demand. Integration of sophisticated technology in consumer electronics is also expected to drive the magnetic sensor market.
In addition to smartphones, magnetic sensors are being increasingly integrated into wearables such as fitness bands and smartwatches. The trend of embedding these components with giant magneto resistance (GMR) films has gained a lot of importance. This procedure aids in detecting and reading data from microelectromechanical systems (MEMS), such as MRAMs, temporary memory processing units, and hard drives.
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Sensors are being increasingly incorporated in automobiles to achieve fuel efficiency and ensure the safety and convenience of the occupants. Governments in several European countries are encouraging customers to adopt electric vehicles (EVs) to address the issue of air pollution. This, in turn, is driving demand for magnetic sensors, since they are integrated into EVs’ power systems for monitoring supplementary motor inverters.
The Hall Effect technology is quite mature as compared to other sensing technologies. However, in spite of this, its application base continues to witness a steady increase, which can be attributed to continuous developments that still make it a preferred choice in several industry verticals.
Further key findings from the report suggest:
• TMR is projected to emerge as the fastest growing technology segment over the forecast years, owing to high sensitivity, efficiency, and usability in a wide range of end-use industries
• The automotive segment is expected to keep driving the market over the forecast period, which can be attributed to high demand for safety equipment and high-quality sensors in automobiles
• Rapidly growing demand for smartphones and automobiles in Asia Pacific is expected to support the market in the region
• Key industry players include NXP Semiconductors; NVE Corporation; Multi Dimension Technology Co. Ltd; Micro devices Corporation; Memsic Corporation; Magnetic Sensors Corporation; and Honeywell International, Inc.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/magnetic-sensor-market
Table of Contents
Chapter 1. Methodology and Scope
1.1. Information Procurement
1.1.1. Purchased Database
1.1.2. Radiant Insights Internal Database
1.1.3. Secondary Sources
1.1.4. Third Party Perspective
1.1.5. Primary Research
1.2. Information Analysis & Data Analysis Models
1.3. List of Data Sources
1.4. Research Scope & Assumptions
Chapter 2. Executive Summary
2.1. Market Snapshot & Key Buying Criteria, 2014 - 2025
Chapter 3. Magnetic Sensors Industry Outlook
3.1. Market Segmentation & Scope
3.2. Market Size and Growth Prospects, 2014 - 2025
3.3. Value Chain Analysis
3.4. Market Dynamics
3.4.1. Market driver analysis
3.4.2. Market restraint analysis
3.5. Penetration & Growth Prospect Mapping
3.6. Business Environment Analysis
3.6.1. PEST Analysis
3.6.1.1. Political Landscape
3.6.1.2. Economic Landscape
3.6.1.3. Social Landscape
3.6.1.4. Technology Landscape
3.6.2. Porter’s Five Forces Analysis
3.6.2.1. Threat of New Entrants
3.6.2.2. Bargaining Power of Supplier
3.6.2.3. Bargaining Power of Buyers
3.6.2.4. Threat of Substitutes
3.7. Competitive Rivalry
3.8. Key Company Ranking Analysis, 2018
3.9. PEST Analysis
Chapter 4. Magnetic Sensors Technology Estimates & Trend Analysis
4.1. Market Size Estimates & Forecasts, and Trend Analysis, 2014 - 2025 (Million Units)
4.2. Technology Movement Analysis & Market Share, 2018 & 2025 (Million Units)
4.3. Hall Effect
4.3.1. Global market size estimates and forecasts, 2014 - 2025 (Million Units, USD Million)
4.4. AMR
4.4.1. Global market size estimates and forecasts, 2014 - 2025 (Million Units, USD Million)
4.5. GMR
4.5.1. Global market size estimates and forecasts, 2014 - 2025 (Million Units, USD Million)
4.6. TMR
4.6.1. Global market size estimates and forecasts, 2014 - 2025 (Million Units, USD Million)
4.7. Others
4.7.1. Global market size estimates and forecasts, 2014 - 2025 (Million Units, USD Million)
Chapter 5. Magnetic Sensors Application Estimates & Trend Analysis
5.1. Market Size Estimates & Forecasts, and Trend Analysis, 2014 - 2025 (Million Units)
5.2. Application Movement Analysis & Market Share, 2018 & 2025 (Million Units)
5.3. Automotive
5.3.1. Global market size estimates and forecasts, 2014 - 2025 (Million Units, USD Million)
5.4. Consumer Electronics
5.4.1. Global market size estimates and forecasts, 2014 - 2025 (Million Units, USD Million)
5.5. Industrial
5.5.1. Global market size estimates and forecasts, 2014 - 2025 (Million Units, USD Million)
5.6. Others
5.6.1. Global market size estimates and forecasts, 2014 - 2025 (Million Units, USD Million)
Continued…
Read all Reports of this category @ https://www.radiantinsights.com/catalog/electronics
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
In addition to smartphones, magnetic sensors are being increasingly integrated into wearables such as fitness bands and smartwatches. The trend of embedding these components with giant magneto resistance (GMR) films has gained a lot of importance. This procedure aids in detecting and reading data from microelectromechanical systems (MEMS), such as MRAMs, temporary memory processing units, and hard drives.
Download Free Sample Report @ https://www.radiantinsights.com/research/magnetic-sensor-market/request-sample
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| Magnetic Sensor Market |
Sensors are being increasingly incorporated in automobiles to achieve fuel efficiency and ensure the safety and convenience of the occupants. Governments in several European countries are encouraging customers to adopt electric vehicles (EVs) to address the issue of air pollution. This, in turn, is driving demand for magnetic sensors, since they are integrated into EVs’ power systems for monitoring supplementary motor inverters.
The Hall Effect technology is quite mature as compared to other sensing technologies. However, in spite of this, its application base continues to witness a steady increase, which can be attributed to continuous developments that still make it a preferred choice in several industry verticals.
Further key findings from the report suggest:
• TMR is projected to emerge as the fastest growing technology segment over the forecast years, owing to high sensitivity, efficiency, and usability in a wide range of end-use industries
• The automotive segment is expected to keep driving the market over the forecast period, which can be attributed to high demand for safety equipment and high-quality sensors in automobiles
• Rapidly growing demand for smartphones and automobiles in Asia Pacific is expected to support the market in the region
• Key industry players include NXP Semiconductors; NVE Corporation; Multi Dimension Technology Co. Ltd; Micro devices Corporation; Memsic Corporation; Magnetic Sensors Corporation; and Honeywell International, Inc.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/magnetic-sensor-market
Table of Contents
Chapter 1. Methodology and Scope
1.1. Information Procurement
1.1.1. Purchased Database
1.1.2. Radiant Insights Internal Database
1.1.3. Secondary Sources
1.1.4. Third Party Perspective
1.1.5. Primary Research
1.2. Information Analysis & Data Analysis Models
1.3. List of Data Sources
1.4. Research Scope & Assumptions
Chapter 2. Executive Summary
2.1. Market Snapshot & Key Buying Criteria, 2014 - 2025
Chapter 3. Magnetic Sensors Industry Outlook
3.1. Market Segmentation & Scope
3.2. Market Size and Growth Prospects, 2014 - 2025
3.3. Value Chain Analysis
3.4. Market Dynamics
3.4.1. Market driver analysis
3.4.2. Market restraint analysis
3.5. Penetration & Growth Prospect Mapping
3.6. Business Environment Analysis
3.6.1. PEST Analysis
3.6.1.1. Political Landscape
3.6.1.2. Economic Landscape
3.6.1.3. Social Landscape
3.6.1.4. Technology Landscape
3.6.2. Porter’s Five Forces Analysis
3.6.2.1. Threat of New Entrants
3.6.2.2. Bargaining Power of Supplier
3.6.2.3. Bargaining Power of Buyers
3.6.2.4. Threat of Substitutes
3.7. Competitive Rivalry
3.8. Key Company Ranking Analysis, 2018
3.9. PEST Analysis
Chapter 4. Magnetic Sensors Technology Estimates & Trend Analysis
4.1. Market Size Estimates & Forecasts, and Trend Analysis, 2014 - 2025 (Million Units)
4.2. Technology Movement Analysis & Market Share, 2018 & 2025 (Million Units)
4.3. Hall Effect
4.3.1. Global market size estimates and forecasts, 2014 - 2025 (Million Units, USD Million)
4.4. AMR
4.4.1. Global market size estimates and forecasts, 2014 - 2025 (Million Units, USD Million)
4.5. GMR
4.5.1. Global market size estimates and forecasts, 2014 - 2025 (Million Units, USD Million)
4.6. TMR
4.6.1. Global market size estimates and forecasts, 2014 - 2025 (Million Units, USD Million)
4.7. Others
4.7.1. Global market size estimates and forecasts, 2014 - 2025 (Million Units, USD Million)
Chapter 5. Magnetic Sensors Application Estimates & Trend Analysis
5.1. Market Size Estimates & Forecasts, and Trend Analysis, 2014 - 2025 (Million Units)
5.2. Application Movement Analysis & Market Share, 2018 & 2025 (Million Units)
5.3. Automotive
5.3.1. Global market size estimates and forecasts, 2014 - 2025 (Million Units, USD Million)
5.4. Consumer Electronics
5.4.1. Global market size estimates and forecasts, 2014 - 2025 (Million Units, USD Million)
5.5. Industrial
5.5.1. Global market size estimates and forecasts, 2014 - 2025 (Million Units, USD Million)
5.6. Others
5.6.1. Global market size estimates and forecasts, 2014 - 2025 (Million Units, USD Million)
Continued…
Read all Reports of this category @ https://www.radiantinsights.com/catalog/electronics
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
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