04-21-2017 01:59 PM CET - IT, New Media & Software
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At a CAGR of 9.78%, Global Magnetic Field Sensors Market to rise over Forecast period 2016-2020

Press release from: researchmoz.us

Albany, NY, April 21, 2017: Magnetic field sensors are devices used to sense and study the magnetic field around electrical devices, permanent magnets, and coils. These sensors are made of rotating sensor tip that measures transverse and longitudinal magnetic fields. Traditional magnetic field sensors facilitated navigation on oceans by sensing the magnetic poles of the Earth. Since then, the application of magnetic sensors has expanded to industrial use, for the detection of a magnetic field's strength, presence, and direction from soft magnets, permanent magnets, brain wave activity, vehicle disturbances, and fields generated from electric currents. Magnetic sensors are the primary navigation means for industrial control systems. The increasing demand for compact size, improved sensitivity, and compatibility to control systems has driven the need for magnetic field sensing technology.

The global magnetic field sensor market to grow at a CAGR of 9.78% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global magnetic field sensor market for 2016-2020. The market size is calculated on the basis of revenue generated from the sales of magnetic field sensors.

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Technavio's report, Global Magnetic Field Sensor Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Allegro MicroSystems
- Asahi Kasei
- Infineon Technologies
- Micronas Semiconductor

Other prominent vendors
- Bosch Sensortec
- Honeywell
- Melexis Microelectronic Systems
- MEMSIC
- NXP Semiconductors

Market driver
- improved efficiency in the automotive segment
- For a full, detailed list, view our report

Market challenge
- adverse effect of temperature on sensor operations
- For a full, detailed list, view our report

Market trend
- emergence of wearable tech
- For a full, detailed list, view our report

Enquiry at: www.researchmoz.us/enquiry.php?type=E&repid=751775

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Browse more details at: www.researchmoz.us/global-magnetic-field-sensors-market-2...

ResearchMoz is the world’s fastest growing collection of market research reports worldwide. Our database is composed of current market studies from over 100 featured publishers worldwide. Our market research databases integrate statistics with analysis from global, regional, country and company perspectives. ResearchMoz’s service portfolio also includes value-added services such as market research customization, competitive landscaping, and in-depth surveys, delivered by a team of experienced Research Coordinators.

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