MarketersMEDIA / Newsroom / Global Magnetic Field Sensor market is expected to reach $7.55 billion by 2026 growing at a CAGR of 10.7% during 2017 to 2026.

Global Magnetic Field Sensor market is expected to reach $7.55 billion by 2026 growing at a CAGR of 10.7% during 2017 to 2026.

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Some of the key players in the Magnetic Field Sensor market include Amsasahi Kasei Microdevices Corporation, Allegro Microsystems, Infineon Technologies, TDK Corporation, Melexis, Honeywell International, TE Connectivity, AMS, NXP Semiconductors, and Micronas Semiconductors Holdings AG.

— Factors such as growth in automotive industry and endless growth in consumer electronics segment are driving the market. However, falling average selling prices (asps) of semiconductors & sensors is hampering the Magnetic Field Sensor market.

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Magnetic field sensor is a device used to contemplate the magnetic field around the loop, electrical device and around changeless magnets. Magnetic field sensors comprise of pivoting sensor tip which estimates both transverse and longitudinal attractive fields around the items. The magnetic sensor utilizes "Hall Effect" (produces voltage difference across an electrical conductor, transverse to electric current) transducer that estimates the vector component of the magnetic field close to the sensor tip.

Based on end user, the consumer electronics industry is going to have a lucrative growth in the development stage and is relied to witness demand in the coming years due to the new applications, such as motion gaming and navigation being presented in gadgets, such as cell phones. The presentation of new innovations will expand the development period of the attractive field sensor market. Magnetic sensors additionally assume a significant job in giving critical directional information to drones. Subsequently, there is gigantic development potential for magnetic sensors in consumer drone applications.

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By geography, Magnetic field sensors have a developing interest in the Asia Pacific region owing to the expanding focal point of the region automotive, consumer electronics, and healthcare sectors. China is the automotive and consumer electronics manufacturing nation. Hence, the quickest development in APAC will be found in China for the most part because of the applications, such as ABS technology and central locking systems wherein magnetic field sensors are to a great extent utilized.

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Ranges Covered:
• 10 Gauss (Bias Magnetic Field Sensors)

Types Covered:
• Squid Sensors
• Hall Effect Sensors
• Fluxgate Sensors
• Magneto Resistive Sensors
• Other Types

Magnitudes Covered:
• BIAS Magnetic Field Sensors
• Low Field Sensors
• Earth’s Field Sensors

Applications Covered:
• Flow Rate Sensing
• Speed Sensing
• Navigation
• Position Sensing
• Electronic Compass
• Detection
• Robotics
• Energy, Power and Utilities
• Proximity Detection
• Other Applications

End Users Covered:
• Transportation
• Banking, Financial Services And Insurance (BFSI)
• Healthcare
• Consumer Electronics
• Aerospace & Defense
• Homeland Security
• Industrial
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

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Website: https://www.strategymrc.com

Source URL: https://marketersmedia.com/global-magnetic-field-sensor-market-is-expected-to-reach-755-billion-by-2026-growing-at-a-cagr-of-107-during-2017-to-2026/88916739

Source: MarketersMedia

Release ID: 88916739

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