Market Overview

Global Magnetic Sensors Market Growth & Trends: Outlook to 2023


Global Magnetic Sensors Market Growth & Trends: Outlook to 2023

PR Newswire

DUBLIN, Aug. 20, 2018 /PRNewswire/ --

The "Global Magnetic Sensors Market - Growth, Trend and Forecasts (2018 - 2023)" report has been added to's offering.

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The global magnetic sensor market is expected to grow at a CAGR of over 4%, during the forecast period of 2018-2023.

The high usage of magnetic sensors in new navigation devices, presence detection (building automation related applications), medical areas and automotive is leading to a paradigm shift in the magnetic sensors market worldwide. As the efficiency and capabilities of these sensors improve over the time and their enhanced ability to measure without physical contact is leading to their crucial application in electronic systems.

Automotive Industry to Have the Highest Market Share during the Forecast Period

Due to the increasing purchasing power of the millennial population, there is a continuous demand for passenger cars. According to OICA, global passenger was estimated to be 72.1 million units in 2016 and the demand is expected to be continue during the forecast period.

For an average consumer, trucks are reliable options, as they have better fuel efficiency and safety features. These factors drive the growth of heavy weight vehicles. Premium vehicles and utilities continue to drive the sales of light vehicles, which cumulatively contribute to an increase in the demand for magnetic sensors during the forecast period.

United States to Hold Major Market Share During the Forecast Period

A significant rise in demand for electric vehicles has been observed in the country, owing to energy and environmental concerns, according to the Electric Vehicle Transportation Center, around 400000 PEVs (plug-in electric vehicles) were sold in the United States in 2017.

The rapid decline in battery costs, rising commitment from major car makers, strong policy support from state and local governments, and low operational costs have put electric vehicles (EVs) on track to overtake gasoline-powered vehicles in the near future.

Considering that the electric motors account for about 40% of the total electricity consumption in the United States, there has been enforcement of stringent industrial norms to regulate energy consumption.

Developments in the Market

  • December 2017: Infineon rolled out various design kits at about 20 Euro each for an easy evaluation of its sensors as part of its Product2System approach. It includes evaluation kits such as 3D Magnetic Sensor 2Go, Current Sensor 2Go and Speed Sensor 2Go. These kits currently support 3D TLV493D magnet sensors for three-dimensional position detection, the TLI4970 current sensor, and the TLE4922 speed sensor.

Key Topics Covered

1. Introduction
1.1 Study Deliverables
1.2 Market Definition
1.3 Key Findings of the Study

2. Magnetic Sensor Market Research Methodology

3. Executive Summary

4. Magnetic Sensor Market Dynamics
4.1 Overview
4.2 Magnetic Sensor Market Drivers
4.2.1 Increasing Regulations Around Energy Efficient Systems And Automobiles
4.2.2 Emerging Applications In Consumer Electronics & Data Centers
4.3 Magnetic Sensor Market Restraints
4.3.1 Falling Average Selling Prices (ASPs) Of Semiconductors & Sensors
4.4 Industry Value Chain Analysis
4.5 Porter's Five Forces Analysis
4.5.1 Bargaining power of Suppliers
4.5.2 Bargaining power of Buyers
4.5.3 Degree of Competition
4.5.4 Threat of New Entrants
4.5.5 Threat of Substitute Products

5. Magnetic Sensor Market Segmentation
5.1 Magnetic Sensor Market By Technology
5.1.1 Hall Effect
5.1.2 AMRs
5.1.3 GMRs
5.1.4 TMRs
5.1.5 Others
5.2 Magnetic Sensor Market By End User Vertical
5.2.1 Automotive
5.2.2 Consumer Electronics
5.2.3 Industrial Applications(apart from Automotive)
5.2.4 Others
5.3 Magnetic Sensor Market By Geography
5.3.1 North America United States Canada
5.3.2 Europe United Kingdom Germany France Rest of Europe
5.3.3 Asia-Pacific China India Japan Rest of APAC
5.3.4 Rest of the World Latin America Middle East & Africa

6. Competitive Intelligence - Company Profiles
6.1 Allegro Microsystems
6.2 Analog Devices
6.3 Crocus Technology
6.4 Honeywell International Inc.
6.5 Infineon Technologies AG
6.6 Murata Manufacturing Co. Ltd.
6.7 NVE Corporation
6.8 NXP Semiconductors
6.9 Omron Corporation
6.10 ST Microelectronics
6.11 TDK Corporation
6.12 TE Connectivity
6.13 Texas Instruments

7. Investment Analysis

8. Future of the Market

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