Magnetic Sensors Market to Reflect Impressive Growth Rate of 4.0% by 2023 | Analysis by Allegro Microsystems, Analog Devices, Crocus Technology, Honeywell, Infineon Technologies AG, NVE, NXP Semiconductors

Marketprognosis.com Publish a New Market Research Report On “Global Magnetic Sensors Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Magnetic Sensors Market:

The report spread across 103 pages is an overview of the Global Magnetic Sensors Market. These report study based on the Magnetic Sensors Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies.

The Global Magnetic Sensors Market is expected to grow at a CAGR of over 4.0%, during the forecast period of 2018-2023. The scope of the report includes technology like GMR, AMR, TMR and Hall Effect and limited to end users like consumer electronics, industrial, automotive. While the region considered in the scope of the report include North America, Europe, Asia pacific, Middle East & Africa and Latin America.

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The high usage of magnetic sensors in new navigation devices, presence detection (building automation related applications), medical areas and automotive is leading to a paradigm shift in the magnetic sensors market worldwide. As the efficiency and capabilities of these sensors improve over the time and their enhanced ability to measure without physical contact is leading to their crucial application in electronic systems. There merging uses cases are in the field of automotive used as automotive control systems, braking systems, and engine control systems etc. Whereas in other areas, these are deployed in systems like electronic compass in mobile phones.

Due to the increasing purchasing power of the millennial population, there is a continuous demand for passenger cars. According to OICA, global passenger was estimated to be 72.10 million units in 2016 and the demand is expected to be continuing during the forecast period.

For an average consumer, trucks are reliable options, as they have better fuel efficiency and safety features. These factors drive the growth of heavy weight vehicles. Premium vehicles and utilities continue to drive the sales of light vehicles, which cumulatively contribute to an increase in the demand for magnetic sensors during the forecast period.

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A significant rise in demand for electric vehicles has been observed in the country, owing to energy and environmental concerns, according to the Electric Vehicle Transportation Center, around 400000 PEVs (plug-in electric vehicles) were sold in the United States in 2017.

The rapid decline in battery costs, rising commitment from major car makers, strong policy support from state and local governments, and low operational costs have put electric vehicles (EVs) on track to overtake gasoline-powered vehicles in the near future.

Major Key Players:

1 Allegro Microsystems

2 Analog Devices

3 Crocus Technology

4 Honeywell International Inc.

5 Infineon Technologies AG

6 Murata Manufacturing Co., Ltd.

7 NVE Corporation

8 NXP Semiconductors and More…………..

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Magnetic Sensors Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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