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Magnetic Field Sensors Market Share, Size, Global Insights and Future Outlook

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Global Magnetic Field Sensors Market Size, Share, Global Insights,
Analysis and Outlook, Emerging Trends and Research Report by
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Technavio Announces the Publication of its Research Report – Global Magnetic Field Sensor Market
Technavio recognizes the following companies as the key players in the global magnetic field sensor
market: Allegro MicroSystems, Asahi Kasei, Infineon Technologies, and Micronas Semiconductor.
Other Prominent Vendors in the market are: Bosch Sensortec, Honeywell, Melexis Microelectronic
Systems, MEMSIC, and NXP Semiconductors.
Commenting on the report, an analyst from Technavio’ s team said: “A trend which is propelling market
growth is the emergence of wearable tech. Globally, individuals are increasingly adopting wearable
devices to enhance the quality of their lifestyle. Wearable tech is a mobile form of communications
technology that is worn on the body and can be used to monitor daily activities and access smartphone
functionalities. It includes smart watches, smart glasses (such as Google Glass), smart fabrics, heart rate
monitors, and fitness tracking gadgets (such as FitBit Surge). Magnetic sensor manufacturers such as
Infineon have started developing MEMS magnetic sensors to support the requirements of wearable
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According to the report, a key growth driver is the improved efficiency in the automotive segment.
Numerous sensors are required in modern cars, and many more automotive applications are expected
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to be introduced in the coming years. This can be attributed to consumers demanding features that
improve safety, handling, stability, performance, comfort, and convenience. In vehicles, the body and
powertrain segments show the highest potential for magnetic field sensors.
Further, the report states that one challenge that could hamper market growth is the adverse effect of
temperature on sensor operations.
About the Magnetic Field Sensor Market
Magnetic field sensors are devices used to sense and study the magnetic field around electrical devices,
permanent magnets, and coils. These sensors are made of rotating sensor tip that measures transverse
and longitudinal magnetic fields. Traditional magnetic field sensors facilitated navigation on oceans by
sensing the magnetic poles of the Earth. Since then, the application of magnetic sensors has expanded
to industrial use, for the detection of a magnetic field's strength, presence, and direction from soft
magnets, permanent magnets, brain wave activity, vehicle disturbances, and fields generated from
electric currents. Magnetic sensors are the primary navigation means for industrial control systems. The
increasing demand for compact size, improved sensitivity, and compatibility to control systems has
driven the need for magnetic field sensing technology.
Technavio’ s analysts forecast the global magnetic field sensor market to grow at a CAGR of 9.78%
during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global magnetic field sensor
market for 2016-2020. The market size is calculated on the basis of revenue generated from the sales of
magnetic field sensors.
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The market is divided into the following segments based on geography:
• Americas
Technavio's report, Global Magnetic Field Sensor Market 2016-2020, has been prepared based on an indepth market analysis with inputs from industry experts. The report covers the market landscape and its
growth prospects over the coming years. The report also includes a discussion of the key vendors
operating in this market.
Key vendors
• Allegro MicroSystems
• Asahi Kasei
• Infineon Technologies
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• Micronas Semiconductor
Other prominent vendors
• Bosch Sensortec
• Honeywell
• Melexis Microelectronic Systems
• NXP Semiconductors
Market driver
• improved efficiency in the automotive segment
• For a full, detailed list, view our report
Market challenge
• adverse effect of temperature on sensor operations
• For a full, detailed list, view our report
Market trend
• emergence of wearable tech
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst’ s time when you purchase this market report. Details are
provided within the report.
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Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
[email protected]
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