DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Magnetic Sensors Market Analysis By Technology (Hall Effect Sensing, AMR, GMR), By Application (Automotive, Consumer Electronics, Industrial) And Segment Forecasts To 2022" report to their offering.
The global magnetic sensors market size is expected to reach USD 3.65 billion by 2022.
Technological advancements and an increased awareness regarding vehicle safety are anticipated to drive the global magnetic sensors market growth over the forecast period. Escalating demand for GPS & navigation enabled smartphones and wearable devices is expected to further incite industry growth.
Magnetic sensing devices are used for detecting and measuring magnetic fields. These sensors assist in wear-free measurement of angular speed and angle of rotation with contactless operation. They are widely used in consumer electronic devices such as smartphones and wearable devices for position sensing, switching, current sensing, and angular sensing. In addition, they are used in white goods and heavy consumer durables such as air conditioners and refrigerators.
However, intense competition and a gradual decline in the average selling price have left the industry unattractive for vendors, thereby challenging market growth.
Asia Pacific region dominates the global market in terms of demand and is projected to grow at a CAGR of nearly 12% over the forecast period. Presence of major end-use industries in the region has led to an increasing demand for such sensing modules in the region. Countries such as China, Japan, and India house most of the technological and automotive giants leading to an escalating demand over the forecast period.
Companies Mentioned:
- Allegro Microsystems, Inc.
- Alps Electric Co., Ltd.
- Austriamicrosystems AG (AMS)
- Baumer Ltd.
- Elmos Semiconductor AG
- Honeywell International, Inc.
- iC-Haus
- Infineon Technologies AG
- Magnetic Sensors Corporation
- Melexis Corporation
- Memsic Corporation
- Micronas Semiconductor Holding AG
- Microsemi
- NVE Corporation
- NXP Semiconductors
- Rotary and Linear Motion Sensor (RLS)
- Robert Bosch GmbH
Key Topics Covered:
1. Methodology and Scope
2. Executive Summary
3. Magnetic Sensors Industry Outlook
4. Magnetic Sensors Technology Outlook
5. Magnetic Sensors Application Outlook
6. Magnetic Sensors Equipment Regional Outlook
7. Competitive Landscape
For more information visit http://www.researchandmarkets.com/research/2qj8p2/magnetic_sensors
