followers 0 popularity
2
following 1

following  view all

Groups
marketresearch is not in any groups
marketresearch

Global On-Board Magnetic Sensor Market - Top Players, Application, Growth and Forecast 2023

Apr 21st 2020 at 4:19 AM

On-board magnetic sensors are devices which are capable of measuring the magnitude of magnetic field. They find application in multiple use cases, including metering, security & automation, consumer products, and industrial and automotive application purposes. Market Research Future (MRFR) has recently published an exhaustive report on the global on-board magnetic sensors market covering the key macro and micro-economic factors that are likely to govern the market over the forecast period of 2018-2023. MRFR's analysis has projected that the on-board magnetic sensors market is anticipated to catapult to USD 1.80 Bn in 2023 from USD 1.11 Bn in 2017, at a CAGR of 8.4%.

A combination of factors have driven the growth of the on-board magnetic field sensor market. Magnetic sensors are extensively used in consumer electronics. Expansion of spending capabilities of consumers across the globe, especially in the developing regions of APAC has added fuel to the growth of the on-board magnetic sensors market.

 

Segmentation

Global On-Board Magnetic Sensor Market has been segmented based on type, magnetic density, application, and vertical.

By type, the on-board magnetic sensor market has been segmented into hall effect sensors, magneto resistive sensors, squid sensors, and others.

By magnetic density, the on-board magnetic sensor market has been segmented into >10 gauss (bias magnetic field sensors), 1 microgauss to 10 gauss (earth field sensors), <1 microgauss (low-field sensors), and.

By application, the on-board magnetic sensor market has been segmented into speed sensing, detection/NDT, position sensing and navigation & electronic compass.

By vertical, the on-board magnetic sensor market has been segmented into automotive, consumer electronics, healthcare, aerospace & defense, industrial and others.

Regional Analysis

Region-wise, the on-board magnetic sensor market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).

The APAC is the principal market for on-board magnetic sensors. The market is thriving in the region due to persistent demand from end-use industries such as automotive, healthcare, and consumer electronics in the region. Due to a rise in disposable income in the region, the demand for consumer electronic devices such as laptops, cameras, and smartphones have witnessed a surge which is fueling the growth of the market. The APAC on-board magnetic sensors market is anticipated to be the fastest growing market over the forecast period. Europe is expected to capture the second largest share of the market and is likely to be driven by growing demand from the automotive industry.

Competitive Landscape

Murata Manufacturing (Japan), Infineon Technologies (Germany), Honeywell International (US), TDK Corporation (Japan), TE Connectivity (Switzerland), Asahi Kasei Microdevices (Japan), NXP Semiconductors N.V. (Netherlands) , Sanken Electric (Allegro Subsidiary) (Japan), AMS (Austria), and Melexis NV (Belgium) are the key players in the on-board magnetic sensors market.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

Contact:

+1 646 845 9312

Email: sales@marketresearchfuture.com

Blog: http://mrfrblog.com/

0 comments
Please to comment

sign in

Username
Password
Remember Me


New to IM faceplate? join free!

Lost Password? click here