Press release
Surging On-Board Magnetic Sensor Market: Soaring to $1.7 billion in 2025 with a CAGR of 8.5%, Driven by Consumer Electronics Demand and R&D Investments
What Is The Projected Market Size Of The Global On-Board Magnetic Sensor Market And Its Growth Rate?
• Forecast for 2024: $1.57 billion
• Estimated growth for 2025: $1.7 billion (CAGR of 8.5%)
• Expected size in 2029: $2.35 billion (CAGR of 8.4%)
This expansion can be credited to increasing adoption of 5G and connectivity, smart infrastructure, AI, AR, and VR.
What Is Driving The Growth In The On-Board Magnetic Sensor Market?
Rapid escalation in the demand for consumer electronic devices acts as a major catalyst in the growth of the on-board magnetic sensor market. These electronic devices command a significant consumer base and utilize these sensors for determining speed, direction, alignment, and rotational positions. Through 2022, it was recorded that the UK had approximately 71.8 million smartphones, marking an increase of 3.8%; this figure is expected to rise to 95% or around 65 million of the UK population by 2025. The flourishing demand for consumer electronics is propelling the growth of onboard magnetic sensors market.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12232&type=smp
Who Are the Key Players Driving On-Board Magnetic Sensor Market Growth?
• Honeywell International Inc.
• Asahi Kasei Microdevices Corporation
• Texas Instruments Incorporated
• Infineon Technologies AG
• TE Connectivity Ltd.
• STMicroelectronics NV
• TDK Corporation
• Murata Manufacturing Co. Ltd.
• NXP Semiconductors N.V., Analog Devices Inc.
• Alps Electric Co Ltd.
• ams OSRAM AG
• Littelfuse Inc.
• Diodes Incorporated
• Sanken Electric Co Ltd.
• Melexis NV
• Allegro Microsystems Inc.
• Pepperl+Fuchs GmbH
• Macome Corporation
• ABLIC Inc.
• MEMSIC Semiconductor Co. Ltd.
• MikroElektronika spol. S r. o
• SparkFun Electronics Inc.
• Senseonics Holdings Inc.
• Sensitec GmbH
What Are The Key Trends In The On-Board Magnetic Sensor Market?
• Technological advancements
• MEMS-based magnetic sensors
• Enhancement in automotive safety systems
• Integration with other sensors
• Energy-efficient sensors
What Are The Segments Of The Global On-Board Magnetic Sensor Market?
1) By Type: Hall Effect Sensors, SQUID Sensors, Magneto Resistive Sensors, Other Types
2) By Magnetic Density: Low-Field Sensors, Earth Field Sensors, Bias Magnetic Field Sensors
3) By Vertical: Automotive, Healthcare, Consumer Electronics, Aerospace And Defense, Industrial, Other Verticals
Which Region Leads The On-Board Magnetic Sensor Market?
Asia-Pacific led the on-board magnetic sensors market in 2024 and continues to hold a dominant position over its peers. The intensifying growth across various verticals such as automotive, healthcare, and consumer electronics in the region attributes to this supremacy.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/on-board-magnetic-sensor-global-market-report
What Is Covered In The On-Board Magnetic Sensor Market Global Market Report?
- Market Size Analysis: Analyze the On-Board Magnetic Sensor Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the On-Board Magnetic Sensor Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall On-Board Magnetic Sensor Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the On-Board Magnetic Sensor Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report:
https://www.thebusinessresearchcompany.com/customise?id=12232&type=smp
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:
With over 15,000+ reports across 27 industries covering 60+ geographies, The Business Research Company maintains an exceptional reputation for offering comprehensive, data-rich research and insights. With 1,500,000 datasets, we grant you unique insights from both in-depth secondary research and industry leaders, enabling informed decision-making. Our innovative and premier market intelligence platform, the Global Market Model, provides up-to-date and comprehensive forecasts to support decision-making.
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 Surging On-Board Magnetic Sensor Market: Soaring to $1.7 billion in 2025 with a CAGR of 8.5%, Driven by Consumer Electronics Demand and R&D Investments here
News-ID: 3835440 • Views: …
More Releases from The Business Research Company
Global High-Resolution Anoscopy Market Outlook 2025-2034: Trends, Innovations, A …
The High-Resolution Anoscopy Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the High-Resolution Anoscopy Market Size and Projected Growth Rate?
The market size for high-resolution anoscopy has experienced significant growth over the past few years. The market is predicted to increase from $15.03 billion…
Condyloma Acuminata Treatment Market Size Projected To Reach $2.2 Billion By 203 …
"The Condyloma Acuminata Treatment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Condyloma Acuminata Treatment Market Size During the Forecast Period?
In the past few years, the condyloma acuminata treatment market has seen significant growth. The market value, which is anticipated to…
Household Type Fans Market Forecast 2025-2034: Comprehensive Analysis And Growth …
"The Household Type Fans Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Household Type Fans Market?
The market size for household fans has seen consistent expansion in recent years. The projections indicate an increase from $32.22 billion in 2024…
Grain Fumigants Industry Report 2025-2034: Market Dynamics, Trends, And Forecast …
The Grain Fumigants Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Grain Fumigants Market Size During the Forecast Period?
The Grain Fumigants Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This…
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…
