Press release
2028 Magnetic Sensor Industry Report Growth Forecasts
Magnetic sensors are utilised in a variety of applications, including automobiles, smart phones, refrigerators, and others. In automobiles, it's used to gauge the distance between two vehicles and adjust speed accordingly. As an illustration, Infineon Technologies, a renowned sensor manufacturer, offers solutions to satisfy the demands of automotive and industrial applications. It created the "ISO26262" sensor, which is used in the vehicle industry to measure linear position, pedal position, and electronic power steering. It is utilised for navigation in smart phones. Because a MEMS-based magnetic field sensor is compact, it can be kept close to the measurement site when used in cars. This allows it to measure magnetic fields with a higher spatial resolution than other magnetic field sensors.
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By geography,Asia Pacific is anticipated to hold the highest share during the forecast period. Owing to the expansion of the market in APAC is being driven by rising demand for magnetic sensors in automobiles and consumer electronics. Furthermore, the growing number of small and medium-sized enterprises (SMEs) and their increased investments in developing enhanced magnetic sensors for a variety of applications are driving market expansion.
Some of the key players profiled in the Magnetic Sensor Market include Ams Ag, Asahi Kasei Corporation, Allegro Microsystems, Llc, Tdk corporation, Texas Instruments Incorporated, Nxp semiconductors n.v., Te connectivity, Honeywell international inc., Melexis, Infineon technologies ag, Emerson electric co., Sensata Technologies, Ifm Electronic Gmbh, Tt Electronics Plc, Kohshin Electric Corporation, Kita Sensor
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