Press release
On-Board Magnetic Sensor Market 2018-2023 Top Key Players by Asahi Kasei, Microdevices, Sanken Electric, Infineon Technologies, Melexis NV, Murata Manufacturing, Honeywell International, TE Connectivity
Global on-board magnetic sensor market is expected to grow from USD 1.11 billion in 2017 to USD 1.80 billion by 2023, at a compound annual growth rate (CAGR) of 8.4% during the forecast period. Some of the major factors driving the on-board magnetic sensor market are continuous growth in the use of on-board magnetic sensors in consumer electronic devices and the role of on-board magnetic sensors in navigation. However, inconsistent strength of magnetic field is one the major restraints for the growth of on-board magnetic sensor market. On-Board Magnetic Sensors Market in the hybrid & electric vehicles and increasing adoption of on-board magnetic sensors Market in IoT devices can create a number of market opportunities in the forecast period. The most significant challenge for on-board magnetic sensor market is product differentiation and innovation to meet end-user requirement. Key players such as Asahi Kasei Microdevices, Infineon Technologies, TDK Corporation are continuously focusing on expanding their product portfolio and come up with new and advanced versions in order to expand their geographic reach and broaden their customer base.
Magnetic sensor is a transducer that detects and measures magnetic field and converts it into an electric signal. Magnetic sensors are used for proximity switching, speed detection, positioning and current sensing applications. As the number of sensor suppliers are increasing, the competition among them is also increasing considerably, which leads to reduction in average selling prices of sensors. Thus, reduction in price of sensors is estimated to continue in forecast period, thereby widening the range of applications of magnetic sensors. Onboard magnetic sensor market study aims at estimating the market size and future growth potential of the market across different segments such as type, magnetic density, application, vertical and region.
Get Sample Copy of On-Board Magnetic Sensor Market @ https://www.marketresearchfuture.com/sample_request/6416
On-Board Magnetic Sensor Market - Key players
The prominent players in the on-board magnetic sensor market are Asahi Kasei Microdevices (Japan), Sanken Electric (Allegro Subsidiary) (Japan), Infineon Technologies (Germany), TDK Corporation (Japan), Melexis NV (Belgium), Murata Manufacturing (Japan), Honeywell International (US), TE Connectivity (Switzerland), AMS (Austria), and NXP Semiconductors N.V. (Netherlands) among others.
On-Board Magnetic Sensor Market – Segmentation
On-board magnetic sensor market is segmented on the basis of type, magnetic density, application, vertical and region.
By type, the market is segmented into hall effect sensors, magneto resistive sensors, squid sensors, and others.
By magnetic density, the market is segmented into 10 gauss (bias magnetic field sensors).
By application, the market is segmented into speed sensing, detection/NDT, position sensing and navigation & electronic compass.
By vertical, the market is segmented into automotive, consumer electronics, healthcare, aerospace & defense, industrial and others.
By region, the market is segmented into North America, Europe, Asia-Pacific and the rest of the world.
On-Board Magnetic Sensor Market - Regional analysis
The global market for on-board magnetic sensor is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of on-board magnetic sensor market is done for North America, Europe, Asia-Pacific, and the rest of the world.
Asia-Pacific followed by Europe is dominating the on-board magnetic sensor market owing to their increasing demand from the automotive, consumer electronics, and healthcare industries in this region. Also, it is estimated that Asia-Pacific will be the fastest growing region as the demand for magnetic sensors for use in measuring rotational speed, linear position, and speed in industrial and consumer electronics is increasingly gaining pace.
On-Board Magnetic Sensor Market - Competitive Analysis
The on-board magnetic sensor market has witnessed the trend of new product development across the world. Many key players have adopted new product development as their chief organic strategy to gain significant market share in the market. Product development accounted for a significant percentage of the total business growth strategy in the years 2016 and 2017.
Get Complete Report of On-Board Magnetic Sensor Market @ https://www.marketresearchfuture.com/reports/on-board-magnetic-sensor-market-6416
Intended Audience
• Magnetic sensor manufacturers
• Automotive and consumer electronics companies
• Semiconductor component suppliers
• Magnetic sensor distributors, sales firms
• Electronic system assemblers
• Technology solution providers, design contractors
• Electronics and semiconductor companies
• Magnetic sensor material suppliers
• Technology standards organizations, forums, alliances, and associations
• Universities and research organizations
• Government bodies
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Us:
Market Research Future
Office No. 528, Amanora Chambers
Pune – 411028
Maharashtra, India
Phone: +91 841 198 5042
Mail: sales@marketresearchfuture.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release On-Board Magnetic Sensor Market 2018-2023 Top Key Players by Asahi Kasei, Microdevices, Sanken Electric, Infineon Technologies, Melexis NV, Murata Manufacturing, Honeywell International, TE Connectivity here
News-ID: 1286877 • Views: …
More Releases from Market Research Future
Glue Machine Market to Reach USD 14.9 Billion by 2035, Growing at 4.56% CAGR
The Glue Machine Market is witnessing significant growth due to the increasing adoption of adhesive technologies across various industries, including packaging, woodworking, automotive, furniture, and construction. Valued at USD 9.15 billion in 2024, the market is projected to reach USD 14.9 billion by 2035, registering a CAGR of 4.56% between 2025 and 2035.
Glue machines, also known as adhesive application machines, are critical for efficiently dispensing adhesives in industrial and commercial…
Expansion Valves Market to Reach USD 5.39 Billion by 2035, Growing at 4.62% CAGR
The expansion valves market is witnessing steady growth due to increasing demand for efficient heating, ventilation, air conditioning, and refrigeration (HVACR) systems across residential, commercial, and industrial sectors. Valued at USD 3.28 billion in 2024, the market is projected to reach USD 5.39 billion by 2035, growing at a CAGR of 4.62% between 2025 and 2035.
Expansion valves, also known as thermostatic expansion valves (TXVs) or electronic expansion valves (EEVs), are…
Cheese Packaging Market to Reach USD 101.31 Billion by 2034, Growing at 3.50% CA …
The Cheese Packaging Market is poised for steady growth over the next decade due to rising demand for dairy products, evolving consumer preferences, and increasing focus on food safety and sustainability. According to recent estimates, the market was valued at USD 71.87 billion in 2024 and is projected to reach USD 101.31 billion by 2034, growing at a compound annual growth rate (CAGR) of 3.50% between 2025 and 2034.
Cheese packaging…
Maritime Market to Reach USD 2,920 Billion by 2035, Growing at 2.69% CAGR
The Maritime Market is a cornerstone of international trade, logistics, and economic connectivity, serving as the backbone of global commerce. Valued at USD 2,181.1 billion in 2024, the market is projected to expand to USD 2,920 billion by 2035, registering a steady CAGR of 2.69% between 2025 and 2035. Despite modest growth, the industry's scale and importance are unmatched, as more than 80% of global trade volume is carried by…
More Releases for Magnetic
Magnetic Materials Market | Arnold Magnetic Technologies Corporation, Daido Stee …
A detailed report on Global Magnetic Materials providing a complete information on the current market situation and offering robust insights about the potential size, volume, and dynamics of the market during the forecast period, 2021-2027. The research study offers complete analysis of critical aspects of the global Magnetic Materials , including competition, segmentation, geographical progress, manufacturing cost analysis, and price structure. We have provided CAGR, value, volume, sales, production,…
Magnetic Materials Market | Arnold Magnetic Technologies Corporation, Daido Stee …
Coherent Market Insights, one of the leading market research firm has recently published a report.This report will provide data on the current and future trends of market, ongoing competition, key players share, market volume and value, etc. The key information covered in the report will help the existing as well as new entrants to get in-depth market knowledge and make appropriate business decisions for short term and long-term. The Magnetic…
Magnetic Materials Market | Arnold Magnetic Technologies Corporation, Daido Stee …
The Magnetic Materials report presents high-quality and wide-ranging research study with key factors that are expected to have a Major impact on the Magnetic Materials during the forecast period. The report present Key Market segments valued based on its growth rate and share.This report also provides an analysis of the impact of the COVID-19 pandemic on Industrial Labels Industry.The report explains the historical and current trends that are shaping…
Alnico Market 2019 Global Trends, Sales Revenue, Key Players - Adams Magnetic Pr …
This study focuses on the production side and consumption side of Alnico, presents the global Alnico market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.
In terms of production side, this report researches the Alnico capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this report focuses on…
Permanent Magnet Motor Market | Hitachi Metals Ltd., Adams Magnetic Products Co. …
Global Permanent Magnet Motor Market: Overview
The global market for permanent magnet motor has been growing at the back of the customised needs of various industrial units. Permanent magnet motors offer a wide range of advantages over other kinds of motors which has driven demand for the former across the globe. The permanent magnet motors are manufactured by creating a persistent magnetic field through a magnetized material, and these motors are…
Magnetic Couplings Market
Dec 2018, New York USA (News) - Over the next five years, RRI Information projects that Magnetic Couplings will register a 1.3% CAGR in terms of revenue, reach US$ 1340 million by 2023, from US$ 1240 million in 2017. This report studies the Magnetic Couplings market. Magnetic couplings are non-contact couplings that use a magnetic field to transfer torque, force or movement from one rotating member to another. The transfer…
