Giant Magnetoresistive (GMR) Sensor Market
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Increasing demand and application of MEMS focused sensors are acting as one of the drivers for the giant magnetoresistive sensor market globally. Application of giant magnetoresistive sensors for sensing magnetic field and electrical currents in industrial sector is one of the major driving factors for the market globally. Moreover, Giant magnetoresistive sensors are primarily implemented in Lab-on-a-Chip devices in order to identify and detect magnetic nanoparticles that are applied as tags for different biomolecules. Rising application of GMR sensors across automotive sector is another major driving factor for the market worldwide. Increasing proliferation of advanced smart electronic gadgets in developed as well as developing nations is also fueling the growth of giant magnetoresistive sensors globally. Growing application of different sort of sensors in high end medical devices is boosting the market across globally. Steering angle measurement along with crank shaft position and speed sensing are some of the key application areas of giant magnetoresistive sensors in automotive sector. Furthermore, giant magnetoresistive sensors have widespread applications in aerospace, power systems, biomedical field and modern transport systems. Increasing research activities in the field of magnetoresistive sensors have impacted the market for giant magnetoresistive sensors positively. Design complexities along with increasing demand for low cost solutions are some of the restraining factor which may inhibit the growth of the giant magnetoresistive sensors globally. Increasing application of giant magnetoresistive sensors in high end medical devices and research laboratory equipment are some of the opportunities for the market.
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