Press release
Magnetic Sensor Global Market Forecasted to Reach $5.3 Billion by 2028, Size, Share, Trends, Development Strategies and Segmentation Analysis
Magnetic Sensor Market
As per the report, the magnetic sensor market size has grown strongly in recent years. It will grow from $3.67 billion in 2023 to $3.95 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The magnetic sensor market size is expected to see strong growth in the next few years. It will grow to $5.3 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%.
Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=9257&type=smp
Rising Smartphone Demand Propels Growth In The Magnetic Sensor Market
Increased growth in demand for smartphones is expected to propel the growth of the magnetic sensor market. A smartphone is a handheld phone that includes an embedded computer and other features not normally associated with normal phones. Smartphones include a magnetic sensor like magnetometer, which allows the phone to sense its orientation and useful in basic apps like the compass app and navigation/position to determine the location and useful for the navigation. For instance, according to a report published in January 2022 by the Consumer Technology Association (CTA), a US-based trade association representing consumer technology companies, smartphone sales in 2022 were expected to reach 154.1 million units ($74.7 billion in shipment revenues), a 3% increase over 2021's 149.6 million units. Therefore, increased growth in demand for smartphones driving the magnetic sensor market going forward.
Innovative Product Offerings Drive Competitive Advantage In The Magnetic Sensor Market
Product innovations have emerged as a key trend gaining popularity in the magnetic sensor market. Major companies operating in the magnetic sensors sector are focused on developing innovative products to strengthen their position in the market. For instance, in January 2022, Allegro MicroSystems, a US-based semiconductors manufacturing company, introduced the A33230 3D magnetic sine/cosine Hall-effect position sensor integrated circuit. The A33230 is the smallest 3D magnetic sine/cosine sensor on the market today, providing system designers with a cost-effective solution for automotive and industrial applications within a short time into the market. The A33230 incorporates vertical and planar Hall-effect elements with orthogonal sensing axes, resulting in 90° of phase separation that is inherently independent of magnet pole spacing and air gap.
The magnetic sensor market covered in this report is segmented -
1) By Type: Hall Effect Sensors, Magnetoresistive Sensors, Squid Sensors, Flux Gate Sensors
2) By Range: Low Field Sensors (10 Gauss)
3) By Application: Speed Sensor, Detection Or Non-Destructive Testing(NDT), Position Sensor, Navigation and Electronic Compass, Flow Rate Sensor
4) By End User: Automotive, Aerospace And Defense, Industrial, Consumer Electronics, Banking, Financial Services, and Insurance (BFSI), Other End Users
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=9257&type=discount
Major companies operating in the magnetic sensor market report are TE Connectivity Ltd., NXP Semiconductors N.V, Texas Instruments Incorporated, STMicroelectronics N.V., Melexis NV, Infineon Technologies AG, TDK Corporation, Allegro MicroSystems LLC, Asahi Kasei Corporation, Honeywell International Inc., NVE Corporation, AMS AG, Robert Bosch GmbH, Kohshin Electric Corporation, Micronas Semiconductor Holding AG, Sensitec GmbH, Murata Manufacturing Co. Ltd., Baumer Ltd., Elmos Semiconductor AG, Analog Devices Inc., Crocus Technology, Omron Corporation, Sensoronix Inc., Bosch Sensortec GmbH, Magnetic Sensors Corporation, Diodes Incorporated, Silicon Labs Inc., World Magnetics, MEMSIC Austria GmbH, Pepperl+Fuchs International GmbH .
Contents of the report:
1. Executive Summary
2. Magnetic Sensor Market Report Structure
3. Magnetic Sensor Market Trends And Strategies
4. Magnetic Sensor Market - Macro Economic Scenario
5. Magnetic Sensor Market Size And Growth
…..
27. Magnetic Sensor Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/magnetic-sensor-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Magnetic Sensor Global Market Forecasted to Reach $5.3 Billion by 2028, Size, Share, Trends, Development Strategies and Segmentation Analysis here
News-ID: 3601411 • Views: …
More Releases from The Business research company
Marine Interiors Global Market Insights: Growth Drivers, Size & Forecasts to 202 …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What Is the Forecasted Market Growth Rate of the Marine Interiors Industry?
In recent years, there has been substantial growth in the size of the marine interiors market. The market, which will expand from $4.18 billion in 2024 to $4.7 billion in 2025, is expected to see a compound annual growth…
Global Small Marine Engines Market Expansion at 5.2% CAGR, Valued at $10.62 Bill …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
What Are the Small Marine Engines Market Size Forecast for 2025?
The market size of small marine engines has experienced substantial growth in the latest years. The market is predicted to rise from $8.22 billion in 2024 to $8.67 billion in 2025, displaying a compound annual growth rate (CAGR) of…
Connected Aircraft Market is Anticipated to Expand upto $15.88 Billion in 2029
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What Is the Forecasted Market Growth Rate of the Connected Aircraft Industry?
In recent years, the market size for connected aircraft has seen a significant expansion. Its value is predicted to increase from $7.84 billion in 2024 to $9.11 billion in 2025, marking a compound annual growth rate (CAGR) of 16.2%.…
Remote Weapon Station Global Market Insights: Growth Drivers, Size & Forecasts t …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What Is the Forecasted Market Growth Rate of the Remote Weapon Station Industry?
There has been a significant increase in the market size of remote weapon stations in the last few years. The market is predicted to escalate from $13.1 billion in 2024 to $14.52 billion in 2025, reflecting a compound…
More Releases for Sensor
Ultrasonic Oxygen Sensor Market, Ultrasonic Oxygen Sensor Market Size, Ultrasoni …
Fairfield Market Research offers a complete understanding of the Global Ultrasonic Oxygen Sensor Market in its latest research report. The report includes an unbiased analysis of the market dynamics. The report covers growth prospects, market development potential, product profitability, supply and demand curves and predictions, and government policies. The report has been put together using reliable tools to assess the primary and secondary data. The data is represented in the…
Wheel Speed Sensor Market Growing Up By Sensor Type: Passive Sensor, Active Sens …
Acumen Research and Consulting has announced the addition of the "Wheel Speed Sensor Market” report to their offering.
The Wheel Speed Sensor Market Report 2018 is an in depth study analyzing the current state of the Wheel Speed Sensor Market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Wheel Speed Sensor Market provides analysis of China market covering…
Smart Sensor Market - Transportation System Infrastructure & Aerospace Industrie …
Smart sensor market is expected to reach $15,840 million in 2023 from $4,805 million in 2016, growing at a CAGR of 18.4% from 2017 to 2023. Smart sensor have become an integral part of the aerospace and transportation industry. The robust growth in automobile sector, inclination of society towards IoT, development of smart cities, and surge in security threats are some of the major factors that drive the demand for…
Global Body Sensor Market - By Type (EEG Sensor, Visual Sensor, Respiration Sens …
Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalog by adding a fresh study titled “Global Body Sensor Market - Assessment Covering Growth Factors and Upcoming Trends by 2022 End”. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2022. The report also targets important facets such as market drivers, challenges, latest trends,…
Biochemical Sensor Market Report 2018: Segmentation by Product (Electrochemical …
Global Biochemical Sensor market research report provides company profile for GE Healthcare (U.S.), Thermo Fisher Scientific. (U.S.), Honeywell International Inc. (U.S.), Bio-Rad Laboratories Inc. (U.S.), Polestar Technologies Inc. (U.S.), Microchip Technology Inc. (U.S.) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and…
Smart Wearable Fitness Devices Sensors Market to 2025 Temperature Sensor, Pressu …
The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Smart Wearable Fitness Devices Sensors by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
This research report is equipped with the information categorizing Smart Wearable Fitness Devices…
