Press release
Magnetic Sensor Market Growth by Emerging Trends Analysis and Forecasts 2021-2026 | Infineon Technologies AG, Honeywell International
Magnetic sensors have long operational life and are extremely proficient in enduring heavy tasks. Among all sensors, Tunnel-Magnetoresistance (TMR) technology is gaining immense traction owing to various benefits like fewer errors, less temperature drift, lesser deterioration through aging and, higher stability.
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Top Key Players Are : Infineon Technologies AG, Honeywell International Inc., Melexis, ams AG, Diodes Incorporated, and Asahi Kasei Microdevices Corporation
Global Market Insights, Inc., report cites that the global magnetic sensor market is projected to surpass a valuation of USD 3 billion over the stipulated time frame, given the industry’s well organized and structured technology, application, and regional landscapes.
Considering the technology spectrum, the report predicts that the AMR technology segment would grow at a rate of 7 per cent through 2026, post its dominance of 30 per cent market stake in 2019. This growth can aptly be defined due to the increasing deployment of AMR magnetic sensors in industrial and automotive applications, offering superior performance, flexibility, and high sensitivity in diverse operating conditions.
Adding to this, AMR sensors also impart low temperature drift and reduce calibration efforts and external compensation- a factor that eventually supports its adoption in industrial machinery and automotive steering angle application.
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Speaking of the prolific use in automotive sector, magnetic senor market from speed sensing segment is poised to depict a CAGR of 6.8 per cent over the forecast timeframe; courtesy: the product’s heightened adoption in automotive wheel speed and safety application like antilock braking systems. It is rather evident that magnetic sensors are witnessing increasing acceptance from wheel speed sensing to monitor the rotational speed of vehicles with no contact measuring principle.
Not only this, surging initiatives by various central governments toward minimal accidents and safe driving have indeed offered a boost to adoption of automotive safety systems, accentuating the demand for these sensors. Citing an instance for the same, Indian government had in April 2019 announced equipping all PVs and CVs with anti-lock braking systems to ensure proper driver safety.
Table Of Content:
Chapter 5 Magnetic Sensor Market, By Technology
5.1 Key trends, by technology
5.2 Hall effect
5.2.1 Market estimates and forecast, 2015 – 2026
5.3 AMR
5.3.1 Market estimates and forecast, 2015 – 2026
5.4 GMR
5.4.1 Market estimates and forecast, 2015 – 2026
5.5 TMR
5.5.1 Market estimates and forecast, 2015 – 2026
5.6 Others
5.6.1 Market estimates and forecast, 2015 – 2026
Chapter 6 Magnetic Sensor Market, By Application
6.1 Key trends, by application
6.2 Speed sensing
6.2.1 Market estimates and forecast, 2015 – 2026
6.3 Position sensing
6.3.1 Market estimates and forecast, 2015 – 2026
6.4 Detection/NDT
6.4.1 Market estimates and forecast, 2015 – 2026
6.5 Navigation & electronic compass
6.5.1 Market estimates and forecast, 2015 – 2026
6.6 Others
6.6.1 Market estimates and forecast, 2015 – 2026
Chapter 7 Magnetic Sensor Market, By End-Use
7.1 Key trends, by end use
7.2 Aerospace
7.2.1 Market estimates and forecast, 2015 – 2026
7.2.2 Market estimates and forecast, by application, 2015 – 2026
7.3 Automotive
7.3.1 Market estimates and forecast, 2015 – 2026
7.3.2 Market estimates and forecast, by application, 2015 – 2026
7.4 Consumer electronics
7.4.1 Market estimates and forecast, 2015 – 2026
7.4.2 Market estimates and forecast, by application, 2015 – 2026
7.5 Industrial
7.5.1 Market estimates and forecast, 2015 – 2026
7.5.2 Market estimates and forecast, by application, 2015 – 2026
7.6 Others
7.6.1 Market estimates and forecast, 2015 – 2026
7.6.2 Market estimates and forecast, by application, 2015 – 2026
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/industry-analysis/magnetic-sensor-market
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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