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Magnetic Field Sensors Market by Type, Range, Application, End-User Industry - Global Forecasts to 2022

Magnetic Field Sensors Market: Global Forecasts until 2022

  • October 2016
  • 193 pages
  • ID: 4230327
In this report:
The magnetic field sensor market, segmented on the basis of type, registered a size of ##,##.## million units in 2015 and is expected to reach ##,##.## million units by 2022, at a CAGR of ##.##% between 2016 and 2022.
The Hall effect magnetic field sensor market registered a size of ##,##.## million units in 2015 and is expected to reach ##,##.## million by 2022, at a CAGR of ##.##% between 2016 and 2022.

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"The magnetic field sensors market forecasted to grow at a CAGR (Compound annual growth rate) of ~8.9 percent between 2016 and 2022"

The global magnetic field sensors market was estimated at ~$2.3B in 2015 and is forecasted to reach ~$4.2B by 2022, at a compound annual growth rate of ~8.9 percent between 2016 and 2022. The increase of this market is propelled by the growing demands for MEMS-based sensor across industry verticals, surge in the automotive sector, growing demand for high-quality sensing devices, and continuous rise in consumer electronics applications. The industry is further driven by the role of magnetic field sensor in applications including navigation. Nevertheless, Elements such as the decreasing cost of components combined with sensors are restricting the interest of new entrants in the sector.

"Hall effect magnetic field sensors market is forecasted to hold the biggest industry size during the estimate period"

Hall effect magnetic field sensors are increasingly being used in different industries like automotive, consumer electronics. These markets together contribute to more than two-third of the global magnetic field sensors market in 2015. For Hall effect sensors, the automotive end-user market is one of the main industries as a result of applications including car parking systems, security systems, and air-brake systems, among others. Also, in the consumer electronics industry, Hall effect sensors are widely used in smartphones and tablets for navigation and position detection applications. Therefore, the industry for Hall effect sensors is anticipated to witness increase in demand between 2016 and 2022.

"Magnetic field sensors market in Asia-Pac (APAC) is anticipated to grow at the maximal rate during the outlook period"

APAC is anticipated to be the quickest developing market. The Asia Pacific market is broken down into India, China (CN), Japan (JP), South Korea (KR), and Rest of Asia-Pac. Asia-Pac is a main market for several sectors including consumer electronics, automobiles, and healthcare, among others. This zone has become a overall focal point for big investments and business expansion opportunities. The Asia-Pac market shows significant increase in all markets and has influenced the sector for magnetic field sensors used in consumer electronics and automotive industry. In the automobile market, this area recorded for a share of more than 50.0 percent of the world's passenger car production in 2015. Furthermore, consumer electronics is among the main sectors contributing toward the increase of the APAC area.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions have been managed with top industry people. The breakup of the profile of primary members taking part has been provided below:

- By Company Type: Tier 1 - 38.0 percent, Tier 2 - 33.0 percent, and 1/3 3 - 29.0 percent

- By Designation: C-suite executives - 30.0 percent, Directors - 32.0 percent, and Others - 38.0 percent

- By area: North Americas - 31.0 percent, Europe - 23.0 percent, APAC - 34.0 percent, and rest of the world - 12.0 percent

Segment Research

- In terms of market by type sensors including Hall Effect Sensors (Hall Element and Hall ICs), Magnetoresistive Sensors, Giant Magnetoresistive Sensors, Tunnel Magnetoresistive Sensors, MEMS-based Magnetic Field Sensors, SQUID Sensors (Low Temperature SQUID and High Temperature SQUID), Fluxgate Sensors, and other sensors including Fiber-Optic, Optically Pumped, Magnetodiode, Magneto-Optical Sensor, Search-coil, Magneto-inductive Sensors, Nuclear Procession, and Reed Switch) are covered.

- Market by range contains study for <1 microgauss, 1 microgauss - 10 gauss, and >10 gauss

- Major applications for magnetic field sensors are covered with respect to qualitative analysis. This includes Flow Rate Sensing, Proximity Detection, Position Sensing, Navigation & Electronic Compass, and others.

- The scope of end-user sector includes Automotive, Consumer Electronics, Healthcare, Aerospace & Defense, Industrial, and Others (F&B, Power & Energy, Robotics, and Research Laboratory)

- The geographic review is done with regards to main four regions namely North America, Europe (EU), Asia Pacific (APAC), and Rest of the globe (South America region and Middle East (ME) & African continent)

Why acquiring this study can help you:

From an insight prospect, this market research has emphasized several levels of analysis - industry, market ranking review of top actors, value chain study; company descriptions which discuss the basic overviews on the competitive landscape, coming out and high-growth segments of the magnetic field sensors market, high-growth areas, and market dynamics including drivers, market restraints, opportunities, and alternatives.

This study furnishes highlights on the following points:

- Business entry: Exhaustive information on magnetic field sensors provided by the top actors in the global magnetic field sensors market

- Product improvement/innovative products: Detailed insights regarding R&D activities, emerging technologies, and recent product launches in the magnetic field sensors market

- Industry development: Highlighted information about lucrative emerging markets-the report examines the industries for magnetic field sensors across localities

- Industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the global magnetic field sensors market

- Opposing assessment: In-depth assessment of market ranking review, strategies, products, and manufacturing competences of the key players in the magnetic field sensors market

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