Press release
In Depth Analysis of Magnetic Sensors Market with Emerging Technology and Key Players: Elmos Semiconductor AG, Baumer Ltd., Honeywell International, Inc., Robert Bosch GmbH, NVE Corporation, Allegro Microsystems Inc.
Magnetic Sensors Market
The growing acceptance of e-compasses owing to their competence to improve the navigation experience of the users’ is anticipated to mount the application of magnetic sensors in automobiles during the coming years. Moreover, the implementation of these sensors is rising in consumer electronics application such as smart phones, and tablets, which is expected to propel the opportunities of magnetic sensors in the consumer electronics segments during the forecast period.
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Growth Analysis: -
According to a new study published by Polaris Market Research the Magnetic Sensors Market is anticipated to reach USD 4,680.3 million by 2026.
The market in Asia Pacific and Europe together contributed the highest share. The presence of large automotive sector in European countries and consumer electronics manufacturers in Asia Pacific is bolstering the Magnetic Sensors Market growth. The emerging economies of Asia Pacific region such as China, India and other Southeast countries are contributing to the market growth with the increasing spending capability of population resulting in increased demand for consumer electronics, cars, gaming devices and others. For instance, sale of cars in China surpassed the sales of US. Also, the semiconductor industry of Asia Pacific region is growing at a high pace thus, propelling the market growth for magnetic sensors.
Major companies profiled in Magnetic Sensors Market report includes: -
• Elmos Semiconductor AG
• Baumer Ltd.
• Honeywell International Inc.
• Robert Bosch GmbH
• NVE Corporation
• Allegro Microsystems Inc.
• Infineon Technologies AG
• Melexis Corporation
• austriamicrosystems AG (AMS)
• NXP Semiconductors
In the end-user segment, Magnetic Sensors Market is anticipated to grow at the highest CAGR during the forecast period. This growth is attributed to its wide usage for navigation purpose in smartphones as in the modern day, almost every smartphone is integrated with e-compass. In smartphones, e-compass acts as a digital compass providing positioning of the smartphone concerning Earth’s magnetic field thus, facilitating the smartphone to sense the precise direction.
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Key Findings from the study suggest Asia Pacific and European region is expected to command the Magnetic Sensors Market over the forecast years. APAC is presumed to be the fastest growing market, developing at a CAGR of more than 38% over the forecast period. The market is presumed to develop at a CAGR of over 8.2% from 2018 to 2026. The consumer electronics and automotive segment is presumed to display the speediest development. The increasing implantation of magnetic sensors in several consumer electronics including budget smartphones, as well as growing demand for smart watches and fitness bands is driving the growth in APAC region.
TOC of Magnetic Sensors Market:
Chapter 1. Overview and Scope
Chapter 2. Market Summary
Chapter 3 Magnetic Sensors Market Size and Forecast
Chapter 4. Dynamics and Segmentation
Chapter 5. Detailed Insight on Key Company
Chapter 6. Research Methodology and Reference
Chapter 7. Competitive Landscape
TOC Continued…...!!!
About Us:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
Contact Us:
Mr. Neel
Corporate Sales, USA
Polaris Market Research and Consulting
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com
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