The report "Magnetic Sensor Market with COVID-19 Impact Analysis by Type (Hall Effect, Magnetoresistive (AMR, GMR, TMR), SQUID, Fluxgate), Range (<1microgauss, 1microgauss-10gauss, and >10gauss), Application, End-user Industry, Geography - Global Forecast to 2025 ",magnetic sensor size is projected to reach USD 6.2 billion by 2025 from an estimated USD 4.3 billion in 2020, at a CAGR of 7.7% from 2020 to 2025. Intensifying focus of manufacturers towards producing 3D magnetic sensors and unceasing growth of consumer electronics industry are among the factors driving the growth of the magnetic sensor market.
• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=521
Browse 115 market data Tables and 76 Figures spread through 233 Pages and in-depth TOC on "Magnetic
Sensor Market with COVID-19 Impact Analysis by Type (Hall Effect,
Magnetoresistive (AMR, GMR, TMR), SQUID, Fluxgate), Range
(<1microgauss, 1microgauss-10gauss, and >10gauss), Application,
End-user Industry, Geography - Global Forecast to 2025 "
Magnetoresistive sensors segment to projected to register highest CAGR between 2020 to 2025
The magnetoresistive sensors have a wide operating range and possess features and functionalities such as inherently low hysteresis, low power consumption, and high linearity for improved measurement accuracy as compared with Hall effect sensors. Also, the cost of magnetoresistive sensors is decreasing gradually, which will boost the market for these sensors in various applications during the forecast period. Thus, the magnetoresistive sensors segment is projected to grow at the highest CAGR during the forecast period.
By range, >10 gauss segment is projected to register highest CAGR between 2020 and 2025
The >10 gauss segment of the market is projected to grow at a higher CAGR from 2020 to 2025 than the 1 microgauss–10 gauss and <1 microgauss segment. The growth of the >10 gauss segment can be attributed to the increasing demand for driverless cars and green vehicles.
By application, speed sensing applications is projected to grow at the highest CAGR during the forecast period
The speed sensing applications is projected to grow at the highest CAGR during the forecast period. The growth can be attributed to the rising demand for highly accurate, small size, simple design, reliable, and pocket-friendly magnetic speed sensors in the automotive industry. In the automotive industry, speed sensors are found in anti-lock braking system (ABS), engine camshafts/crankshafts, speedometers, and automatic transmissions.
By region, APAC magnetic sensor market estimated to grow at highest CAGR throughout forecast period
In
2019, APAC held the largest share of the magnetic sensor market. The
market in the region is expected to grow at the highest CAGR from 2020
to 2025. The growth of the magnetic sensor market in APAC can be
attributed to the growing population in countries of APAC. The region
houses some of the world’s highly populated countries, including Chain
and India. These countries are witnessing large sales of smartphones and
tablets. This, in turn, drives the growth of the magnetic sensor market
in APAC.
Asahi Kasei Corporation (Japan), Allegro MicroSystems,
LLC (US), Infineon Technologies AG (Germany), TDK Corporation (Japan),
Melexis (Belgium), Honeywell International Inc. (US), TE Connectivity
(Switzerland), ams AG (Austria) are some of the key players in the
magnetic sensor market.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
No comments:
Post a Comment