Magnetic Field Sensor Market Size, Share, Analysis Report

Magnetic Field Sensor Market By Product Type (SQUID Sensors, Hall Effect Sensors, MEMS based Magnetic Field Sensors, Magnetoresistive Sensors, Fluxgate Sensors); By Range Type (10 Gauss (Bias Magnetic Field Sensors)); By Application Type (Proximity Detection, Navigation and Electronic Compass, Flow rate Sensing, Position Sensing) and by Regional Analysis - Global Forecast by

The Global Magnetic Field Sensor Market is expected to be around US$ 7.10 Billion by 2027 at a CAGR of 8.5% in the given forecast period.

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MARKET SNAPSHOT

Major Players

  • Allegro MicroSystems Inc
  • Melexis Microelectronic Systems
  • Asahi Kasei Microdevices Corporation
  • NXP Semiconductors
  • Infineon
  • Study period:

    2022-2027

    Base Year:

    2021

    CAGR:

    8

    Fastest Growing Market:

    APAC

    Largest Market:

    North America

    REPORT DESCRIPTION

    Magnetic field device may be a device used to study the magnetic flux around coil, device and around permanent magnets. Magnetic flux devices contains rotating sensor tip that measures each transversal and longitudinal magnetic fields round the objects. Magnetic device uses “Hall Effect” (produces voltage distinction across electrical conductor, transversal to electrical current) electrical device that measures vector element of magnetic flux close to the device tip. Magnetic flux device measures two range of magnetic flux. Firstly, measures sturdy magnetic fields around permanent magnets and electromagnets. Secondly, live weak magnetic fluxes like Earth’s magnetic field.

    How Big is The Global Magnetic Field Sensor Market?

    The Global Magnetic Field Sensor Market is expected to be around US$ 7.10 Billion by 2027 at a CAGR of 8.5% in the given forecast period.

    The major driving factors of Global Magnetic Field Sensor Market are as follows:

    • Unceasing Growth in client physical science phase
    • Major Role of magnetic flux Sensors in Applications like Navigation

    The restraining factors of Global Magnetic Field Sensor Market­ are as follows:

    • Falling Average merchandising costs (ASPS) of device parts poignant New Market Entrants
    • Inconsistent magnetic flux Strength and different Technological Limitations

    The Global Magnetic Field Sensor Market is segmented on the lines of its product, application, range type and regional. Based on product type segmentation it covers SQUID Sensors, Hall Effect Sensors, and MEMS based Magnetic Field Sensors, Magneto resistive Sensors, Fluxgate Sensors and Others. Based on range it covers<1 Microgauss, 1 Microgauss–10 Gauss and >10 Gauss. Based on application it covers Proximity Detection, Navigation and Electronic Compass, Flow rate Sensing, Position Sensing and Others. Global Magnetic Field Sensor Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

    This report provides:
     
    1) An overview of the global market for Global Magnetic Field Sensor Market and related technologies.
    2) Analyses of global market trends, with data from 2019, estimates for 2020 and 2021, and projections of compound annual growth rates (CAGRs) through 2027.
    3) Identifications of new market opportunities and targeted promotional plans for Global Magnetic Field Sensor Market.

    4) Discussion of research and development, and the demand for new products and new applications.
    5) Comprehensive company profiles of major players in the industry.

    Report scope:

    The scope of the report includes a detailed study of Global Magnetic Field Sensor Market with the reasons given for variations in the growth of the industry in certain regions.

    The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report Allegro MicroSystems Inc., Asahi Kasei Microdevices Corporation, Melexis Microelectronic Systems, NXP Semiconductors, Infineon, Honeywell International, Robert Bosch GmbH and MEMSIC Inc. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
    The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.

    The Global Magnetic Field Sensor Market has been segmented as below:

    By Product Type:

    • SQUID Sensors
    • Hall Effect Sensors
    • MEMS based Magnetic Field Sensors
    • Magnetoresistive Sensors
    • Fluxgate Sensors
    • Others

    By Range Type:

    • <1 Microgauss (Low-Field Sensors)
    • 1 Microgauss–10 Gauss (Earth Field Sensors)
    • >10 Gauss (Bias Magnetic Field Sensors)

    By Application Type:

    • Proximity Detection
    • Navigation and Electronic Compass
    • Flow rate Sensing
    • Position Sensing
    • Others

    By Regional Analysis:

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Reasons to Buy this Report:

    1) Obtain the most up to date information available on all Global Magnetic Field Sensor Market

    2) Identify growth segments and opportunities in the industry.

    3) Facilitate decision making on the basis of strong historic and forecast of Global Magnetic Field Sensor Marketdata.
    4) Assess your competitor’s refining portfolio and its evolution.

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    1 INTRODUCTION    
        1.1    Key Take Aways    
        1.2    Report Description    
        1.3    Markets Covered    
        1.4    Stakeholders    
        1.5    Research Methodology    
            1.5.1    Market Size    
            1.5.2    Market Share    
            1.5.3    Key Data Points From Secondary Sources    
            1.5.4    Key Data Points From Primary Sources

    2 Research Methodology 
        2.1 Research Data 
               2.1.1 Secondary and Primary Research
                        2.1.1.1 Key Industry Insights
               2.1.2 Secondary Data
                        2.1.2.1 Key Data From Secondary Sources
               2.1.3 Primary Data
                        2.1.3.1 Primary Interviews With Experts
                        2.1.3.2 Breakdown of Primaries
                        2.1.3.3 Key Data From Primary Sources
        2.2 Market Size Estimation 
               2.2.1 Bottom-Up Approach
                        2.2.1.1 Approach for Capturing Market Share By Bottom-Up Analysis (Demand Side)
               2.2.2 Top-Down Approach
                        2.2.2.1 Approach for Capturing Market Share By Top-Down Analysis (Supply Side)
        2.3 Market Breakdown and Data Triangulation 
        2.4 Research Assumptions

    3 Executive Summary 

    4 Premium Insights 
        4.1 Attractive Opportunities in Magnetic Field Sensor Market 
        4.2 Magnetic Field Sensor Market, By Range 
        4.3 Magnetic Field Sensor Market in APAC, By End-User Industry and Country 
        4.4 Magnetic Field Sensor Market, By Geography 
        4.5 Magnetic Field Sensor Market, By Type 

    5 Market Overview 
        5.1 Introduction 
        5.2 Market Dynamics 
               5.2.1 Drivers
                        5.2.1.1 Growth in Automotive Industry
                        5.2.1.2 Unceasing Growth in Consumer Electronics Segment
                        5.2.1.3 Major Role of Magnetic Field Sensors in Applications Such as Navigation
               5.2.2 Restraints
                        5.2.2.1 Falling Average Selling Prices (ASPS) of Sensor Components Affecting New Market Entrants
                        5.2.2.2 Inconsistent Magnetic Field Strength and Other Technological Limitations
               5.2.3 Opportunities
                        5.2.3.1 Increasing Demand for Hybrid and Electric Vehicles
                                   5.2.3.1.1 Companies Involved in Providing Magnetic Sensors for Hybrid and Electric Vehicles
                        5.2.3.2 Need for Magnetic Sensors in Uavs
                        5.2.3.3 Growing Magnetic Sensor Market for Iot
               5.2.4 Challenges
                        5.2.4.1 Growing Requirement of Low-Cost Magnetic Field Sensors Among End-User Industries
                        5.2.4.2 Need for High Product Differentiation and Innovation to Meet Unique End-User Requirements
        5.3 Value Chain Analysis

    6 Magnetic Field Sensor Market, By Type 
        6.1 Introduction 
        6.2 Hall Effect Sensors 
               6.2.1 Hall ICS
               6.2.2 Hall Elements
        6.3 Magnetoresistive Sensors 
               6.3.1 Anisotropic Magnetoresistive (AMR) Sensors
               6.3.2 Giant Magnetoresistive (GMR) Sensors
               6.3.3 Tunnel Magnetoresistive (TMR) Sensors
        6.4 Squid Sensors 
               6.4.1 High-Temperature Squid
               6.4.2 Low-Temperature Squid
        6.5 Fluxgate Sensors 
        6.6 Others 
               6.6.1 Optically Pumped
               6.6.2 Magnetodiode
               6.6.3 Magneto-Optical
               6.6.4 Search Coil
               6.6.5 Magnetoinductive
               6.6.6 Overhauser
               6.6.7 Reed

    7 Magnetic Field Sensor Market, By Range 
        7.1 Introduction 
        7.2 <1 Microgauss (Low-Field Sensors) 
        7.3 1 Microgauss–10 Gauss (Earth Field Sensors) 
        7.4 >10 Gauss (Bias Magnetic Field Sensors)

    8 Applications of Magnetic Field Sensor 
        8.1 Introduction 
        8.2 Speed Sensing 
        8.3 Detection/NDT 
        8.4 Position Sensing 
        8.5 Navigation and Electronic Compass 
        8.6 Flow Rate Sensing 
        8.7 Others

    9 Magnetic Field Sensor Market, By End-User Industry 
        9.1 Introduction 
        9.2 Transportation 
               9.2.1 Automotive
               9.2.2 Railway
               9.2.3 Marine
        9.3 Consumer Electronics 
               9.3.1 Consumer Appliances
               9.3.2 Smartphones
               9.3.3 Wearables
               9.3.4 Gaming Consoles
               9.3.5 Consumer Drones
               9.3.6 Others
        9.4 Healthcare 
        9.5 Aerospace and Defense 
        9.6 Industrial 
        9.7 BFSI 
               9.7.1 Point-Of-Sale (POS) Terminal
               9.7.2 Currency Counter/Detector/Sorter
               9.7.3 ATM
        9.8 Others

    10 Geographic Analysis 
         10.1 Introduction 
         10.2 North America 
                 10.2.1 US
                 10.2.2 Canada
                 10.2.3 Mexico
         10.3 Europe 
                 10.3.1 Germany
                 10.3.2 UK
                 10.3.3 Italy
                 10.3.4 Rest of Europe
         10.4 APAC 
                 10.4.1 China
                 10.4.2 Japan
                 10.4.3 South Korea
                 10.4.4 India
                 10.4.5 Rest of APAC
         10.5 RoW 
                 10.5.1 South America
                 10.5.2 Middle East and Africa

    11 Competitive Landscape 
         11.1 Overview 
         11.2 Market Ranking (2016) 
         11.3 Competitive Scenario 
                 11.3.1 Product Launches & Developments
                 11.3.2 Mergers & Acquisitions
                 11.3.3 Partnerships and Agreements
                 11.3.4 Expansions

    12 Company Profiles 
         12.1 Amsasahi Kasei Microdevices Corporation 
         12.2 Allegro Microsystems 
         12.3 Infineon Technologies 
         12.4 TDK Corporation 
         12.5 Melexis 
         12.6 Honeywell 
         12.7 TE Connectivity 
         12.8 AMS 
         12.9 NXP Semiconductors 
         12.10 Kohshin Electric 
         12.11 Startup Ecosystems 
                 12.11.1 Quspin
                 12.11.2 Sensitec GmbH
                 12.11.3 Crocus Technology
                 12.11.4 Coto Technology
                 12.11.5 Multidimension Technology Co., Ltd.

    The Global Magnetic Field Sensor Market has been segmented as below:

    By Product Type:

    • SQUID Sensors
    • Hall Effect Sensors
    • MEMS based Magnetic Field Sensors
    • Magnetoresistive Sensors
    • Fluxgate Sensors
    • Others

    By Range Type:

    • <1 Microgauss (Low-Field Sensors)
    • 1 Microgauss–10 Gauss (Earth Field Sensors)
    • >10 Gauss (Bias Magnetic Field Sensors)

    By Application Type:

    • Proximity Detection
    • Navigation and Electronic Compass
    • Flow rate Sensing
    • Position Sensing
    • Others

    By Regional Analysis:

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Got a question? We've got answers. If you have some other questions, see our support center.

    The market is expected to grow at a CAGR of 8.5% during the study period (2022-2027)
    The Global Magnetic Field Sensor Market is expected to be around US$ 7.10 Billion by 2027
    The segment included in Magnetic Field Sensor Market is Product, Range, Application and region.
    Some key players operating in the Magnetic Field Sensor Market include Allegro MicroSystems Inc., Asahi Kasei Microdevices Corporation, Melexis Microelectronic Systems, NXP Semiconductors, Infineon, Honeywell International, Robert Bosch GmbH
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