Latest Trends In Global Magnetic Position Sensors Market

Magnetic position sensors are electronic devices used to detect and measure the position, movement, or proximity of objects using magnetic fields. These sensors operate based on the principles of magnetism, utilizing magnetic elements like magnets or magnetic fields to sense changes in position or orientation.

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Magnetic position sensors are commonly used in a wide range of applications, including automotive systems (such as throttle and pedal position sensing), industrial automation (for precise positioning of machinery), robotics (to monitor the movement of robot arms and joints), and even in consumer electronics (such as detecting the open or closed status of laptop lids).

There are various types of magnetic position sensors, including Hall effect sensors and magnetoresistive sensors, each with its own set of advantages and suitable applications. Hall effect sensors, for example, are known for their simplicity and reliability in measuring magnetic fields, while magnetoresistive sensors offer higher sensitivity and precision in detecting changes in magnetic fields.

GLOBAL MAGNETIC POSITION SENSORS MARKET SIZE AND FORECAST

The Global Magnetic Position Sensors Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

RECENT DEVELOPMENT

Melexis releases the magnetic position sensor of the future. The new MLX90376 is an absolute magnetic position sensor IC, handling rotary automotive applications with strong stray field immunity (SFI). Its dual-stacked die PCB-less version is unique to the market.

The device supports system integration up to ASIL D level functional safety, offering state-of-the-art sensing for steering and valve applications. The blend of robustness and performance it offers will be of value for vehicle electrification.


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Based on proprietary technology, the MLX90376 belongs to the Triaxis® high-end family. Specially designed for demanding steering wheel angle, throttle valve, and thermal management valve applications, this IC has a unique combination of features. These include the option for dual-stacked die in a PCB-less solution, ASIL C Safety Element out of Context, supporting up to ASIL D system integration, and SFI of up to 5mT for rotary applications.

This position sensor can be housed in either SMP-4 PCB-less or surface-mount device (SMD) packaging. The use of the SMP-4 version makes mechanical integration easier, speeding up development and design. The dual stacked die is a major benefit versus off-axis tolerances, which is critical for applications such as electric power steering (EPS). The SMD versions are supplied in SOIC-8 (for single-die) and TSSOP-16 (for dual-die) package formats.

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THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

How many Magnetic Position Sensors are manufactured per annum globally? Who are the sub-component suppliers in different regions?
Cost Breakup of Global Magnetic Position Sensors and Key Vendor Selection Criteria
Where are the Magnetic Position Sensors manufactured? What is the average margin per unit?
Market share of Global Magnetic Position Sensors market manufacturers and their upcoming products
Cost advantage for OEMs who manufacture Global Magnetic Position Sensors in-house
5 key predictions for next 5 years in the Global Magnetic Position Sensors market
Average B-2-B Magnetic Position Sensors price in all segments
Latest trends in the Magnetic Position Sensors market, by every market segment
The market size (both volume and value) of the Magnetic Position Sensors market in 2023-2030 and every year in between?
Production breakup of the Magnetic Position Sensors market, by suppliers and their OEM relationship

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This release was published on openPR.