openPR Logo
Press release

Growing demand for smart products are some of the major factors which are fuelling the growth of global magnetic sensor market

10-11-2018 04:42 PM CET | IT, New Media & Software

Press release from: Future Market Insights

Growing demand for smart products are some of the major factors

Future Market Insights (FMI) recently published a report titled 'Magnetic Sensor Market – Global Industry Analysis 2013-2017 and Forecast 2018-2028'. A magnetic sensor is a small-scale micro electrochemical system (MEMS) device for detecting and measuring magnetic fields. This sensor acts as a transducer which varies its output voltage in reaction to a magnetic field. These type of sensors are used for proximity switching, speed detection, positioning, and current sensing applications. Moreover, these sensors also detect changes and disturbances in a magnetic field, like flux, strength, and direction. This report includes magnetic sensors which are based on Hall Effect, AMR (Anisotropic Magneto-Resistive), GMR (Giant Magneto-Resistance), and TMR (Tunnel Magneto-Resistance) technologies.

Request for sample copy of report @: https://www.futuremarketinsights.com/reports/sample/rep-gb-5217

The global magnetic sensor market is expected to expand at a CAGR of 4.8% during the forecast period. The global magnetic sensor market was valued at US$ 1,906.1 Mn in 2018, and is projected to increase significantly to reach US$ 3,053.5 Mn by 2028, due to an increase in the demand for magnetic sensors for multiple applications in automotive and IoT.

The global magnetic sensor market is categorized by technology, application, and region. By technology, the market is segmented as Hall effect, AMR (anisotropic magneto-resistive), GMR (giant magneto-resistance), and TMR (tunnel magneto-resistance). The Hall Effect sub-segment is expected to account for a relatively higher CAGR of 5.2% during the forecast period. The Hall Effect sub-segment also accounted for the largest market share of 45.4% in 2017. Moreover, technological advancements in vehicle technology, increasing electrifications, and the growing demand for smart products are some of the major factors which are fuelling the growth of the global magnetic sensor market.

On the basis of application, the global magnetic sensor market is segmented by industrial, automotive, consumer electronics, and others. The automotive sub-segment accounted for a relative higher CAGR of 5.3% because of an increase in the demand for connected vehicles and advanced driving assistance.

Among the regions, North America accounted for the largest market share in 2018. The increasing number of vehicles and an increase in the production of automotive parts are important factors which are driving the growth of the magnetic sensor market in North America. The magnetic sensor market in SEA & Others of APAC is expected to account for a relatively higher CAGR of 5.9% during the forecast period. Also, the demand for magnetic sensors is increasing in the markets in Western Europe, China, and Japan.

The rapid growth in the demand for smart devices in emerging economies such as India, China, and Japan is attracting several magnetic sensor manufacturers. Smart device and consumer electronic device manufacturers can create abundant opportunities for the development of advanced magnetic sensors. Furthermore, with the growth of industrial automation systems, collaboration with electronic device manufacturers can generate potential opportunities for magnetic sensor manufacturers to provide magnetic sensors with advanced features which have high sensitivity and reliability.

Request to view Table of Content @: https://www.futuremarketinsights.com/askus/rep-gb-5217

Some of the popular vendors in the magnetic sensor market are Texas Instruments Incorporated, Infineon Technologies AG, NXP Semiconductors, STMicroelectronics, TE Connectivity, Analog Devices, Inc., Asahi Kasei Corporation, Honeywell International Inc., and Diodes Incorporated.

About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

Contact Us
U.S. Office
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Web:https://www.futuremarketinsights.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 Growing demand for smart products are some of the major factors which are fuelling the growth of global magnetic sensor market here

News-ID: 1297683 • Views: 155

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases


More Releases for Hall

Special Commemorative Concert at Cadogan Hall
Among the first of a season of events around the world to commemorate the centenary of the end of Great War is the ‘1918-2018: Centenary Reconciliation Concert’. Taking place at Cadogan Hall, in London, from the early time of 7pm on Wednesday 10th October, the programme features works from the last century offering opportunities for reflection and renewal, as well as celebrating the ultimate triumph of the spirit in adversity. Organised by
Hall-effect Sensors Market - Increasing Application of Hall-Effect Sensors For A …
A Hall-effect sensor is as sort of transducer. The output voltage of a hall-effect sensor varies as a response to magnetic field. Proximity switching, positioning, current sensing along with speed detection are major application areas of hall-effect sensors.The sensor primarily follows the principal of analog transducer, and it directly returns the voltage. Hall-effect sensors are often combined with the threshold detection and it is frequently known as switch. In terms
Hall-Effect Current Sensor Industry, Business Development Analysis by 2024
Hall-Effect Current Sensor Market size is anticipated to grow steadily over the forecast timeline. The growing demand can be attributed to the advantages offered such as extremely low power consumption and the property of these devices to reduce the current consumption from milliamps to microamps. The ongoing technological developments are the major factors fueling the hall-effect current sensor market. For instance, in September 2017, Silicon Labs unveiled the Si72xx products,
Global Hall Switch Market Research Report 2017
This report studies Hall Switch in Global market, especially in North America, Europe, China, Japan, Korea and Taiwan, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering Infineon Allegro MicroSystems Diodes Incorporated Melexis Semiconductors Texas Instruments Dexter Micronas NXP IXYS Integrated Circuits Division TE Connectivity AKM Cherry Honeywell Rohm To Download Sample Report With TOC: https://www.qyresearchreports.com/sample/sample.php?rep_id=922959&type=E Table of Contents Global Hall Switch Market Research Report 2017 1 Hall Switch Market Overview 1.1 Product Overview and Scope of Hall Switch 1.2
Hall Sensor by Type (Analog Output Hall Sensor, Digital Output Hall Sensor),Appl …
HTF Market Intelligence released a new research report of 120 pages on title 'Global Hall Sensor Market Research Report 2017' with detailed analysis, forecast and strategies. The study covers a key region that includes United States, EU, Japan, China, India, Southeast Asia and important players such as AKM, Allegro, Infineon.................. Summary In this report, the global Hall Sensor market is valued at USD XX million in 2016 and is
03-17-2010 | Health & Medicine
dvl
Cumberland Hall of Hopkinsville Welcomes New Therapist
HOPKINSVILLE, Ky. – (March 16, 2010) – Cumberland Hall Hospital, a Psychiatric Solutions Inc. (PSI) facility, welcomes therapist Dr. Jason Bluemlein. Bluemlein comes to Hopkinsville from Fort Mitchell in Northern Kentucky, where he had owned and operated a private practice since 2005. Bluemlein is the program director and therapist for the new Warrior Resilience Program, the military-specific partial hospital program. The outpatient program is designed to meet the needs of soldiers