The global magnetic sensors market is estimated to grow at a CAGR of over 6% during the forecast period. The magnetic position sensor responds to the presence and interruption of the magnetic field by producing a proportional unit. These are utilized in various applications such as consumer appliances, HVAC, instrumentation, and motion, position control. Magnetic sensors provide digital and analog Hall-effect position, magneto resistive, Hall-effect vane, gear tooth, and Hall-effect basic switches and magnets, and wide continuous operating temperature range.
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The factors that contribute to the growth of the market include the increasing demand from the automotive industry. The magnetic sensors offer numerous benefits such as low power consumption, high sensitivity, higher reliability, I2C programmability and advanced features such as tamper detection/ second threshold, and magnet tempco compensation. As these advanced sensing elements ensure higher efficiency and reliability in terms of both performance and economics, there is higher adoption of these sensors in electronics control systems in vehicles which ensures increased safety and enhanced driver convenience, which in turn, results in the higher adoption of these sensors.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Magnetic sensor Market by Technology
- Hall Effect
- Magneto Resistive Sensors
- Anisotropic Magnetoresistive (AMR)
- Giant Magnetoresistive (GMR)
- Tunnel Magnetoresistive (TMR)
- SQUID Sensors
- Others
Global Magnetic sensor Market by Application
- Consumer Electronics
- Automotive
- Industrial
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Allegro MicroSystems LLC
- Alps Alpine Co. Ltd.
- AMS AG
- Asahi Kasei Microdevices Corp.
- Barington Instruments Ltd.
- Baumer Ltd.
- Crocus Technology International Corp.
- Elmos Semiconductor AG
- Honeywell International Inc.
- iC-Haus
- Infineon Technologies AG
- Memsic Inc.
- NVE Corp.
- NXP Semiconductors N.V.
- Rhopoint Components Ltd.
- Robert Bosch GmbH
- Silicon Laboratories Inc.
- Sensata Technologies, Inc.
- STMicroelectronics International N.V
- TDK-Micronas GmbH
- Texas Instruments, Inc.
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global magnetic sensor market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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