Magnetic Field Sensor Market Trends, Key Vendors Analysis, Import & Export, Revenue by Forecast 2023
Global Magnetic Field Sensor Market Research Report, By Type (Hall Effect Sensors), Range (<1 Micro gauss, 1 Micro gauss–10 Gauss), Applications (Speed Sensing, Flow Rate Sensing), End-User - Forecast to 2023
Market Scenario:
Companies such as Honeywell International Inc. (U.S.), Analog Devices, Inc. (U.S.), TDK Corporation (Japan), AMS AG (Austria), Robert Bosch GmbH (Germany), Infineon Technologies (Germany), are the leading providers of magnetic field sensor solution in the global market. On September 27, 2017, Tower Semiconductor Ltd. and Crocus Technology announced about their product expansion in magnetic sensors market which includes magnetic transducers that sense magnetic field and are widely used in modern industries and electronics.
The emergence of wearable technologies and the increasing role of magnetic flux sensors in applications are few driving factors for the growth of magnetic field sensor market. Wearable technologies are widely used in consumer electronics devices. Additionally, penetration of MEMS technology is propelling the market growth of magnetic field sensor. These MEMS technologies are widely used in various sectors such as automotive, industrial, consumer electronics, medical, aerospace, defense, and others.
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Major Key Players:
- Asahi Kasei MicroDevices
- MEMSIC
- Honeywell International Inc.
- Allegro MicroSystems
- Analog Devices
- TDK Corporation
- ams AG
- Robert Bosch GmbH
- Infineon Technologies
- Tower Semiconductor Ltd
- Crocus Technology
- TE Connectivity Ltd.
- MELEXIX N.V
- Sanken Electric Co.
- NXP Semiconductors N.V
- Kohshin Electric
- NVE Corporation
- PASCO Corporations
Segmentation Of Magnetic Field Sensor Market:
The global magnetic field sensor market is segmented into type, range, applications, end-users, and region. The type is further segmented into Hall Effect sensors, magneto resistive sensors, SQUID sensors, fluxgate sensors, and others. Further, the Hall Effect sensors is sub-segmented anisotropic magneto resistive sensors, giant magneto resistive sensors, tunnel magneto resistive sensors and others. The magneto resistive sensors is sub-segmented into hall elements, hall ICs and others. And, the SQUID sensors is sub-segmented low-temperature SQUID, high-temperature SQUID and others. The range are segmented into <1 micro gauss (Low-Field Sensors), 1 micro gauss–10 Gauss (Earth Field Sensors), >10 Gauss (BIAS Magnetic Field Sensors) consoles. The application segment is sub-segmented into speed sensing, flow rate sensing, detection, position sensing, navigation and electronic compass and others. Whereas, the end users segment is sub-segmented transportation, consumer electronics, BFSI, healthcare, aerospace & defense, industrial and others sectors. The market is spanned across regions including North America, Europe, Asia Pacific, and rest of the world.
The regional analysis of magnetic field sensor market is studied for regions such as Asia Pacific (China, Japan, India), North America (the U.S., Mexico, Canada), Europe (the U.K, Germany) and Rest of the World. North America is one of the leading regions of the world in terms of market share. The magnetic field sensor market in this region has a huge demand due to the growing investment in smart devices, which is propelling the market growth to a large extent. The magnetic field sensor market in Europe is expected to witness rapid growth in the forthcoming period. Whereas, Asia Pacific countries such as China, Japan, and India is an emerging magnetic field sensor market, which is expected to grow at the highest CAGR in the coming years.
The global magnetic field sensor market is expected to grow at USD ~6 billion by 2023 at a CAGR of ~8% during the forecast period 2017-2023.
Intended Audience:
- Magnetic field sensor companies
- Magnetic field sensor providers
- Technical universities
- System integrators
- Managed Security Service Providers
- Professional service providers
- Research and development companies
- Market research and consulting firms
- Solution providers
- Technology standards organizations
- Technology investors
- System Integrators
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Table of Contents
1. Report Prologue
2. Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
2.3 Market Structure
Continued…
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