Global Magnetic Sensor Market Expected to Reach $4.22 Billion
by 2026
“Sensors have become an intrinsic part of the production process, as they help increase the efficiency and
precision through automation. Magnetic sensors are used to keep a track of various parameters such as speed
sensing, position sensing, switching, current sensing, and other parameters to control the whole process and
ease it through robots. The growth of the magnetic sensor industry is driven by substantial rise in demand for
magnetic sensor in consumer electronics, growth in automotive industry, and surge in need for the adoption of
magnetic sensor in medical application. ”
According to Ankit Prajapati ,
Semiconductor and Electronics
⦁ Request Sample : https://www.alliedmarketresearch.com/request-sample/5652
(We are providing report as per your research requirement, including the Latest Industry Insight's Evolution,
Potential and COVID-19 Impact Analysis)
KEY FINDINGS OF THE STUDY
•
•
•
•
By type, the hall effect sensor segment generated the highest revenue in the magnetic sensor market
in 2018.
By application, the detection segment generated the highest revenue in the market in 2018.
By end user, the automotive segment generated the highest revenue in the market in 2018.
By region, Asia- Pacific generated the highest revenue in the magnetic sensor market in 2018.
Major key players profiled cover in Report:
•
•
•
•
•
•
ST Microelectronics.
Honeywell International
Texas Instruments
NXP SEMICONDUCTORS N.V.
TDK Corporation
Amphenol
Market dynamics
Drivers
•
•
•
Rise in demand for magnetic sensor in consumer electronics
Growth in Automotive Industry
Surge in need for the adoption of magnetic sensors in medical applications
Restraints
• High installation cost
Opportunities
•
Growth in trend of Internet of Things (IoT)
•
Developments in autonomous vehicle
⦁ Report Overview:
https://www.alliedmarketresearch.com/magnetic-sensor-market
Analyst Review:
Magnetic sensor definition is a sensor, which is used to notice disturbances as well as changes within a
magnetic field such as strength, direction, and flux. There are many manufacturing companies offering
magnetic sensors that are used in many applications where high dependability & cost-optimized solutions are
needed. There are different types of detection sensors, which can work on some of the characteristics such as
light, pressure, and temperature.
The demand for magnetic sensor in the commercial sector is expected to increase rapidly during the forecast
period, owing to various factors such as rise in demand for magnetic sensor in consumer electronics, growth in
automotive industry, and surge in need for the adoption of magnetic sensor in medical application. However,
high installation cost pose a major threat, thus hampering the market growth globally. The market for magnetic
sensor in commercial sector is analyzed and estimated in accordance with the impacts of the drivers, restraints,
and opportunities.
About Us:
Allied Market Research is market research, consulting, and advisory firm of Allied Analytics LLP. Founded in
2013, the firm has been instrumental in offering high-quality syndicated and customized market research
reports, consulting services, and useful insights to leading market players, startups, investors, and
stakeholders. Driven by the aim to eliminate sub-standard data and become a successful partner for
organizations, Allied Market Research has been innovating continuously, expanding the product & service
portfolio, and implementing the client-first approach since its inception. With the clientele spanning more than
7,000 organizations that also include a majority of Fortune 500 companies, AMR has a proven track record of
helping and serving the global clientele and playing a major role in their success.
Contact Us:
David Correa 1209 Orange Street,
Corporation Trust Center, Wilmington, New Castle
Delaware 19801 USA.
Int’l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com