Magnetic Sensors Market

Magnetic Sensor Market: Automotive is Projected to be the Most Attractive Application Segment During the Forecast Period - Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2028

  • 2018-06-18
  • REP-GB-5217
  • 241 pages
  • PDF PPT EXCEL
Magnetic Sensors Market

An Incisive, In-depth Analysis on the Magnetic Sensors Market

This study offers a comprehensive, 360 degree analysis on the Magnetic Sensors market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Magnetic Sensors market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

A magnetic sensor is a small-scale micro electrochemical systems (MEMS) device for detecting and measuring fields. This sensor acts as a transducer which varies its output voltage in reaction to a magnetic field. These type of sensors are used for proximity switching, speed detection, positioning and current sensing applications. Moreover, these sensors also detects changes and disturbances in a magnetic field like flux, strength and direction. This report includes magnetic sensors which are based on Hall Effect, AMR (Anisotropic Magneto-Resistive), GMR (Giant Magneto-Resistance), and TMR (Tunnel Magneto-Resistance) technologies.

The global magnetic sensor market is anticipated to expand at a CAGR of 4.8% during the forecast period. The global magnetic sensor market was valued at US$ 1,906.1 Mn in 2018 and is anticipated to increase significantly to reach US$ 3,053.5 Mn by 2028, due to increase in demand of magnetic sensors for multiple applications in automotive and IoT.

Global magnetic sensor market is categorize by technology, by application and by region. By technology, the market is segmented as Hall Effect, AMR (Anisotropic Magneto-Resistive), GMR (Giant Magneto-Resistance), and TMR (Tunnel Magneto-Resistance). The Hall Effect sub segment accounted for relatively higher CAGR of 5.2% during the forecast period. The Hall Effect sub segment is also accounted for the largest market share of 45.4% in 2017. Moreover, the technological advancements in vehicle technology, increasing electrifications, and growing demand for smart products are some of the major factors which are fuelling the growth of global magnetic sensor market.

On the basis of application, the global magnetic sensor market is segmented by industrial, automotive, consumer electronics, and others. The automotive sub segment accounted for relative higher CAGR of 5.3% because of increase in demand for connected vehicles and advanced driving assistance.

Figure: Sample Market Snapshot

Among regions, North America accounted for the largest market share in 2018. Owing to the increasing number of vehicles and an increase in the production of automotive parts are important factors which are driving the growth of the magnetic sensor market in North America. The magnetic sensor market in SEA & Others of APAC accounted for relatively higher CAGR of 5.9% during the forecast period. Also, the demand for magnetic sensors is increasing in the markets in Western Europe, China, and Japan.

Some of the popular vendors in Magnetic Sensor Market are Texas Instruments Incorporated, Infineon Technologies AG, NXP Semiconductors, STMicroelectronics, TE Connectivity, Analog Devices, Inc., Asahi Kasei Corporation, Honeywell International Inc., and Diodes Incorporated.

Report Synopsis

Future Market Insights (FMI) offers a 10-year forecast for global magnetic sensor market between 2018 and 2028. In terms of value, market is expected to register a CAGR of 4.8% during forecast period. This study demonstrates the market dynamics and trends globally across 8 regions: North America, Latin America, Western Europe, Eastern Europe, SEA & Others of APAC, China, Japan and MEA which influence the current nature and future status of the magnetic sensor market over the forecast period.

Report Description

This research report provides detailed analysis of magnetic sensor market and offers insights on the various factors driving popularity of magnetic sensors and its features. The report includes an extensive analysis of key industry drivers, challenges, market trends and market structure. The market study provides comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The report segregates the market based on technology, application and different regions globally.

The magnetic sensor market is anticipated to witness significant value growth during the forecast period, owing to the increase in demand of magnetic sensors for multiple applications in automotive and IoT.

The report starts with an overview of the magnetic sensor market in terms of value. In addition, this section includes analysis of key trends, drivers and challenges from the supply, demand and economy side, which are influencing the magnetic sensor market.

The magnetic sensor market is classified on the basis of by technology, by application and by region. On the basis of technology, the market is segmented as Hall Effect, AMR (Anisotropic Magneto-Resistive), GMR (Giant Magneto-Resistance), and TMR (Tunnel Magneto-Resistance).

Furthermore, by application the global magnetic sensor market is segmented as by industrial, automotive, consumer electronics, and others. The automotive sub segment accounted for relative higher because of increase demand for connected vehicles and advanced driving assistance.

A detailed analysis has been provided for every segment in terms of market size analysis for magnetic sensor market across the different regions. The section provides a detailed analysis covering key trends.

The next section highlights detailed analysis of magnetic sensor market across various countries in the region. It provides a market outlook for 2018–2028 and sets the forecast within the context of magnetic sensor market, including latest technological developments as well as offerings in the market. This study discusses key trends within countries contributing to growth of the market, as well as analyses degree at which drivers are influencing this market in each region. Key regions and countries assessed in this report include North America (U.S., Canada), Latin America (Brazil, Mexico, and Rest of Latin America), Western Europe (UK, France, Germany, Italy, Spain, BENELUX, and Rest of Western Europe), Eastern Europe (Russia, Poland and Rest of Eastern Europe), SEA (India, Australia & New Zealand, ASEAN, and Rest of APAC), China, Japan and MEA (GCC Countries, Turkey, South Africa, Northern Africa and Rest of MEA). This report evaluate the present scenario and the growth prospects of the magnetic sensor market across various regions globally for the period 2018 –2028. We have considered 2017 as the base year and provide data for the trailing 12 months.

In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the magnetic sensor market will grow in the future. Given the characteristics of the market, we triangulated the outcome of different types of analyses, based on the technology trends.

As previously highlighted, the global magnetic sensor market is split into a number of segments. All segments in terms of by technology, by application and different regions are analysed in terms of basis point to understand individual segment’s relative contributions to market growth. This detailed level of information is important for identification of various key trends of the global magnetic sensor market.

Also, another key feature of this report is the analysis of all key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global magnetic sensor market.

In the final section of the report, we included a competitive landscape to provide clients with a dashboard view, based on categories of provider in the value chain, presence in magnetic sensor portfolio and key differentiators. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the magnetic sensor supply chain and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on in-depth assessment of capabilities and success in the marketplace. Detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the magnetic sensor market space. Key competitors covered are Infineon Technologies AG, NXP Semiconductors, TE Connectivity, STMicroelectronics, Analog Devices, Inc., Asahi Kasei Corporation, Texas Instruments, Ams AG, Diodes incorporated, and Honeywell International Inc.

Key Segments

By Technology

  • Hall Effect

  • AMR

  • GMR

  • TMR

By Application

  • Industrial

  • Automotive

  • Consumer Electronics

  • Others

Key Regions covered:

  • North America

    • U.S.

    • Canada

  • Latin America

    • Brazil

    • Mexico

    • Rest of Latin America

  • Western Europe

    • Germany

    • U.K.

    • France

    • Spain

    • Italy

    • Benelux

    • Rest of Western Europe

  • Eastern Europe

    • Russia

    • Poland

    • Rest of Eastern Europe

  • SEA & Others of APAC

    • China

    • India

    • Australia & New Zealand

    • ASEAN

    • Rest of APAC

  • China

  • Japan

  • MEA

  • GCC Countries

    • Turkey

    • South Africa

    • North Africa

    • Rest of MEA

Key Companies

  • Texas Instruments Incorporated

  • Infineon Technologies AG.

  • NXP Semiconductors

  • STMicroelectronics

  • TE Connectivity Ltd

  • Analog Devices, Inc.

  • Asahi Kasei Corporation

  • Honeywell International Inc.

  • Diodes Incorporated

Magnetic Sensors Market Reports - Table of Contents

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