Magnetic Field Sensors Global Market- Overview

High growth in consumer electronics & semiconductor industry, increasing adoption of cloud based services and smart technology, Developing IoT market, and development in electric vehicles are some of the factors driving the growth in magnetic field sensor market globally. However, technology limitations, and high initial cost of magnetic field sensors are some of the factors expected to hinder the market growth in coming years.

Asahi Kasei MicroDevices (Japan), MEMSIC Inc. (U.S.), Honeywell International Inc. (U.S.), Allegro Microsystems, LLC (U.S.), Analog Devices, Inc. (U.S.), TDK Corporation (Japan), AMS AG (Austria), Robert Bosch GmbH (Germany), Infineon Technologies (Germany), Tower Semiconductor Ltd. (Israel), Crocus Technology (U.S), TE Connectivity Ltd. (Switzerland), MELEXIX N.V (Belgium), Sanken Electric Co., Ltd. (Japan), NXP Semiconductors N.V (Netherlands), Kohshin Electric (Japan), NVE Corporation (U.S), PASCO Corporations (Japan), among others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Magnetic Field Sensors market.

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Segmentation Of Magnetic Field Sensor Market:

The global magnetic field sensor market is segmented into type, range, applications, end-users, and region. The type is further segmented into Hall Effect sensors, magneto resistive sensors, SQUID sensors, fluxgate sensors, and others. Further, the Hall Effect sensors is sub-segmented anisotropic magneto resistive sensors, giant magneto resistive sensors, tunnel magneto resistive sensors and others. The magneto resistive sensors is sub-segmented into hall elements, hall ICs and others. And, the SQUID sensors is sub-segmented low-temperature SQUID, high-temperature SQUID and others. The range are segmented into 10 Gauss (BIAS Magnetic Field Sensors) consoles. The application segment is sub-segmented into speed sensing, flow rate sensing, detection, position sensing, navigation and electronic compass and others. Whereas, the end users segment is sub-segmented transportation, consumer electronics, BFSI, healthcare, aerospace & defense, industrial and others sectors. The market is spanned across regions including North America, Europe, Asia Pacific, and rest of the world.

The regional analysis of magnetic field sensor market is studied for regions such as Asia Pacific (China, Japan, India), North America (the U.S., Mexico, Canada), Europe (the U.K, Germany) and Rest of the World. North America is one of the leading regions of the world in terms of market share. The magnetic field sensor market in this region has a huge demand due to the growing investment in smart devices, which is propelling the market growth to a large extent. The magnetic field sensor market in Europe is expected to witness rapid growth in the forthcoming period. Whereas, Asia Pacific countries such as China, Japan, and India is an emerging magnetic field sensor market, which is expected to grow at the highest CAGR in the coming years.

The global magnetic field sensor market is expected to grow at USD ~6 billion by 2023 at a CAGR of ~8% during the forecast period 2017-2023.

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