Global Magnetic Sensors Market By Overview
Introduction:
Magnetic sensor is a sensor which uses changes in magnetic field for sensing operations. These sensors are used to measure magnetic current, speed, position, and displacement. Magnetic sensors can be broadly classified into two different types of sensors. This classification is depending on whether they are measure total magnetic field or vector components. Magnetic sensors have wide range of applications in various industries including power distribution units, robotics and factory automation, energy and water appliances, and green energy. It detects moving ferrous metal, the simplest magnetic sensor consists of a wire coiled around a permanent magnet. A ferrous object approaching the sensor changes magnetic flux through the coil, generating a voltage at the coil materials. The advantages of magnetic sensors are low cost and ruggedness. Rotational speed and position sensors are used in automotive industry. They are most often based on a hall sensor integrated with a small permanent magnet. The magnetic sensors market accounted for US$ 4.23 billion in 2020 and is estimated to be US$ 8.63 billion by 2030 and is anticipated to register a CAGR of 7.5%.
Global Magnetic Sensors Market By Dynamics
Rising demand for advanced sensing
Increasing demand for advanced sensing due to growing popularity of smartphones across the globe is a factor anticipated to drive growth of the magnetic sensors market in the near future. In addition, growing use of magnetic sensors in several healthcare applications such as electrocardiogram, thermometers, and magnetometers are another factor boosting growth of the target market. Furthermore, Favorable government regulations to installation of magnetic sensors in automobile sectors are expected to fuel growth of the global magnetic sensors market over the forecast period.
However, sustainability of magnetic sensors, owing to the environmental factors such as improper working of magnetic sensors at high temperatures and low sensitivity are limiting growth of the target market.
Global Magnetic Sensors Market By Segmentation
The technology segment includes hall effect, anisotropic magneto resistance, giant magneto resistance, and tunnel magneto resistance. On the basis of application, the magnetic sensors market has been segmented as automotive, consumer electronics, and industrial.
Regional Insights:
The magnetic sensors market accounted for US$ 4.23 billion in 2020 and is estimated to be US$ 8.63 billion by 2030 and is anticipated to register a CAGR of 7.5%. On region the magnetic sensors market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the magnetic sensors market as compared to other regions in the near future. This can be attributed to surging demand for smartphones and automobiles in the region. North America holds the second position in magnetic sensors market due to presence of major players and investment in R&D technology.
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the magnetic sensors market report based on technology, application, and region.
Magnetic Sensors Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Magnetic Sensors Market By Key Players
The key players operating in the magnetic sensors market includes Infineon Technologies AG., Honeywell International Inc., NXP Semiconductors Inc., Alps Electric Co. Ltd., Asahi Kasei Microdevices Corp., Analog Devices Inc., TE Connectivity Ltd., Diodes Inc., STMicroelectronics N.V., and Magnetic Sensors Corp.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Billion & CAGR from 2020 – 2030 |
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Market Segmentation |
By Technology- Hall Effect, Anisotropic Magneto Resistance, Giant Magneto Resistance, and Tunnel Magneto Resistance By Application– Automotive, Consumer Electronics, and Industrial |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Global Magnetic Sensors Market By Company Profile
- Infineon Technologies AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Honeywell International Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- NXP Semiconductors Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Alps Electric Co. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Asahi Kasei Microdevices Corp.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Analog Devices Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- TE Connectivity Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Diodes Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- STMicroelectronics N.V.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Magnetic Sensors Corp.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Magnetic Sensors Market By Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for Magnetic Sensors Strategies
- Key Questions this Study will Answer
- Market Snippet, By Technology
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Technology 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Hall Effect
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Anisotropic Magneto Resistance
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Giant Magneto Resistance
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Tunnel Magneto Resistance
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Market Segmentation, By Application 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Automotive
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Consumer Electronics
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Industrial
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Market, By Region, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Technology, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Technology, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Technology, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Technology, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Technology, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Infineon Technologies AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Honeywell International Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- NXP Semiconductors Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Alps Electric Co. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Asahi Kasei Microdevices Corp.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Analog Devices Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- TE Connectivity Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Diodes Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- STMicroelectronics N.V.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Magnetic Sensors Corp.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Global Magnetic Sensors Market is segmented into technology, application, and region.
Increasing demand for improved sensing as a result of the growing popularity of smartphones around the world is expected to propel the worldwide magnetic sensors market forward in the near future.
By region, Asia Pacific is expected to dominate the global magnetic sensors market as compared to other regions in the near future.
The Key players operating in the Global Magnetic Sensors Market includes Infineon Technologies AG., Honeywell International Inc., NXP Semiconductors Inc., Alps Electric Co. Ltd., Asahi Kasei Microdevices Corp., Analog Devices Inc., TE Connectivity Ltd., Diodes Inc., STMicroelectronics N.V., and Magnetic Sensors Corp.