A magnetic sensor is a small micro electrochemical systems device for detecting and measuring fields. A magnetic sensor acts as a transducer, which differs its output voltage in response to a magnetic field. The magnetic sensors are used for speed detection, proximity switching, positioning, and current sensing applications. Owing to the increasing demand for magnetic sensors for multiple applications in automotive and IoT, the magnetic sensor market is anticipated to grow at a high phase.
MARKET DYNAMICS
The increasing growth in the consumer electronics segment, increase in the automotive industry, and the major role of magnetic sensors in applications such as navigation are some of the significant factors driving the growth of the magnetic sensor market. Additionally, the increasing electrifications, technological advancements in-vehicle technology, and growing demand for smart products are anticipated to fuel the growth of the global magnetic sensor market.
MARKET SCOPE
The "Global Magnetic Sensors Market Analysis to 2028" is a specialized and in-depth study of the magnetic sensors market with a special focus on the global market trend analysis. The report aims to provide an overview of magnetic sensors market with detailed market segmentation by type, applications, end user. The global magnetic sensors market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading magnetic sensors market players and offers key trends and opportunities in the magnetic sensors market.
MARKET SEGMENTATION
The global magnetic sensors market is segmented on the basis of type, applications, end user. On the basis of type, the market is segmented as hall effect sensors, magnetoresistive sensors, SQUID sensors, fluxgate sensors, others. On the basis of applications, the market is segmented as speed sensing, detection/NDT, position sensing, navigation and electronic compass, flow rate sensing, others. On the basis of end user, the market is segmented as RF FEM, transportation, consumer electronics, healthcare, aerospace & defense, industrial, BFSI, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global magnetic sensors market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The magnetic sensors market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting magnetic sensors market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the magnetic sensors market in these regions.
MARKET PLAYERS
The reports cover key developments in the magnetic sensors market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from magnetic sensors market are anticipated to lucrative growth opportunities in the future with the rising demand for magnetic sensors market. Below mentioned is the list of few companies engaged in the magnetic sensors market.
The report also includes the profiles of key magnetic sensors market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Allegro MicroSystems, LLC
- ams AG
- Asahi Kasei Microdevices Corporation
- HONEYWELL INTERNATIONAL INC.
- Infineon Technologies AG
- Melexis
- Murata Manufacturing Co., Ltd.
- NVE Corporation
- NXP Semiconductors
- TE Connectivity
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.