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Magnetic Sensors for Automotive Market: Comparative Analysis, Shares and Latest Updates Report 2017 - 2025
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Disruptive technology and increasing customer personalization and customization for automobiles is expected to drive the global Magnetic Sensors for Automotive market. Technological advancement in electronics and semiconductors sector and the growing need for accurate information is projected to impel the growth of Magnetic Sensors for Automotive market. Low cost of raw material required for the manufacturing of magnetic sensors is one factor driving the rate of production and implementation in automobile sector
However, the higher cost of infrastructure required for manufacturing the Magnetic Sensors for Automotive is likely to dampen the global growth over the forecast period. Lack of awareness related to benefits and as well as proper utilization of technologies is the major factor which is expected to hamper the growth of the market in the next few years.
By regions, Magnetic Sensors for Automotive market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa.
North America and Western Europe Magnetic Sensors for Automotive market is predominantly mature as compared to the other regional market as they are fast in the adoption of technology. Magnetic Sensors for Automotive market in Asia Pacific excluding Japan and Japan are expected to possess maximum potential in the forecast period. Magnetic Sensors for Automotive in Latin America and Middle East and Africa are also projected to witness positive growth during the forecast period.
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Key vendors in the Magnetic Sensors for Automotive market include Infineon Technologies AG, Murata Manufacturing Co., Ltd, Magnetic Sensors Corporation, Asahi Kasei Microdevices Corporation, Yamaha Corporation, Robert Bosch GmbH, STMicroelectronics, ALPS Electric Co., Ltd, Delphi Automotive, LLP, and Hitachi Automotive Systems Americas, Inc.
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