Global Magnetic Sensor Market Size is estimated to expand rapidly in coming years, at a CAGR of 8.7 % from 2018 to 2025. In 2017, the global market valuation was USD 2.15 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Deployment of magnetic sensors in various industry verticals and increasing demand form the electronics sector are the key factors that will boost global magnetic sensor market in the forecast period. Magnetic sensors are an essential component of the electronic systems used in vehicles and mobile phones, as a consequence of which their demand is anticipated to stay permeable in these two sectors. Owing to the increasing demand for magnetic sensors in the automotive sector, Sensor producers have favored offering effective equipment that can be incorporated across a wide range of applications. Moreover, high adoption of advanced, functionality-rich smartphones and tablets has required the need for advanced sensing parts, a pattern that is anticipated to have a positive impact on the market over the next several years. Regionally, Asia Pacific is expected to be the leading region in the global market of the magnetic sensor.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global magnetic sensor market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global magnetic sensor market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Technology Type Insights: On the basis of technology, global magnetic sensor market has been segmented into Hall Effect, anisotropic magnetoresistance (AMR), giant magnetoresistance (GMR), tunnel magnetoresistance (TMR), and others. Among these technologies, the Hall Effect segment has accounted for the largest share in the global market of magnetic sensor and is expected to maintain its dominance throughout the forecast period. Due to their intrinsic characteristics such as increased magnetoresistance, reduced cost, and high flexibility, AMR sensors are also expected to gain popularity over the market growth.  

By Application Insights: On the basis of application, global magnetic sensor market has been segmented into automotive, consumer electronics, industrial, and others. Among which automotive segment has accounted for the largest share in the global market of the magnetic sensor. This segment also accounted for the dominant income value in the magnetic sensor industry. Key legislative bodies around the globe are influencing the segment's development by emphasizing the implementation of electric and hybrid cars to tackle increasing environmental pollution issues. Moreover, the use of magnetic sensors in the robotic industry has gained a lot of attention in the forecast period.

Regional Analysis

The magnetic sensor market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; the Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In terms of region, the Asia Pacific region is expected to witness high growth in the market in the forecast period. This growth in the APAC region is ascribed to the region's prosperous manufacturing and electronics production sectors, as well as the existence of influential sensor producers in China and Japan. Moreover increasing demand for automobiles and highly advanced smartphones are key points behind boost of global magnetic sensors market.

North America is expected to witness high growth in upcoming time span due to high demand in automation and manufacturing sector. Moreover, increasing demand for connected cars across the global market is also a key reason for market growth. Sensing elements are also gaining momentum in the region in multiple use cases such as location detecting, differential pressure identification, and velocity measurement. Europe is anticipated to maintain steady growth in the global magnetic sensor market over the projected period. Hybrid cars incorporated with Hall Effect present detecting in energy systems are experiencing enhanced acceptance in Europe, which has significantly contributed to market growth. Due to a fragmented and extremely focused competitive landscape, the worldwide sector is witnessing the tough competition between major market players.

Global Magnetic Sensor Market Size, Share Analysis by Region 2017

Global Magnetic Sensor Market Study Objective

1. To forecast the market size of magnetic sensor market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of the magnetic sensor market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have a major impact on the growth of magnetic sensor market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of magnetic sensor market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the magnetic sensor market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Alps Electric Co. Ltd, Asahi Kasei Baumer Ltd., Elmos Semiconductor AG, Honeywell International Inc., iC-Haus, Allegro Microsystems Inc., Memsic Corporation, MultiDimension Technology Co. Ltd, Microdevices Corporation, NVE Corporation, Magnetic Sensors Corporation, and NXP Semiconductors are some of the key players in the market of a magnetic sensor.

Global Magnetic Sensor Market Study Report Offer You!

The global magnetic sensor market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.