Global Magnetic Field Sensor Market

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  • Published Date:
    17 Jul 2021
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  • Category:
    ICT & Telecom
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Impact Analysis on the Growth of Market

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Market Overview:

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The Global Magnetic Field Sensor Market was valued at USD 3.01 billion in 2016 and is projected to reach USD 6.36 billion by 2025, growing at a CAGR of 8.67% from 2017 to 2025.

Magnetic field sensor is a device used to study the magnetic field around coil, electrical device and around permanent magnets. Magnetic field sensors consist of rotating sensor tip which measures both transverse and longitudinal magnetic fields around the objects. Magnetic Field Sensors measures magnetic flux and the strength and direction of a magnetic field. They are used mainly in scientific measurement, navigation, Speed Sensing, and industrial applications.

Sample Infographics:

Market Dynamics:
1. Market Drivers
1.1 Rising demand for hybrid and electric vehicles
1.2 Increasing need for magnetic sensors in UAVs and IoT
1.3 Growing applications in navigation
1.4 Increasing demand from automotive industry and consumer electronics segment
2. Market Restraints
2.1 Increasing requirement of low-cost magnetic field sensors among end user industries
2.2 Need for innovation to meet end user requirements
2.3 Reduced prices of sensor components affecting new market entrants

Market Segmentation:
The Global Magnetic Field Sensor Market is segmented on the range, type, application, vertical, and region.

1. Range:
1.1 <1 Microgauss (Low-Field Sensors)
1.2 1 Microgauss–10 Gauss (Earth Field Sensor)
1.3 >10 Gauss (BIAS Magnetic Field Sensors)

2. By Type:
2.1 SQUID Sensors
2.2 Fluxgate Sensors
2.3 Magnetoresistive Sensors
2.4 Hall Effect Sensors

3. By Application:
3.1 Navigation and Electronic Compass
3.2 Speed Sensing
3.3 Detection
3.4 Flow Rate Sensing
3.5 Position Sensing
3.6 Others

4. By Vertical:
4.1 Aerospace & Defense
4.2 Healthcare
4.3 Consumer Electronics
4.3.1 Consumer appliances
4.3.2 Smartphones
4.3.3 Gaming consoles
4.3.4 Wearables
4.3.5 Consumer drones
4.3.6 Others
4.4 Transportation
4.4.1 Automotive
4.4.2 Marine
4.4.3 Railway
4.5 Banking, Financial Services, and Insurance (BFSI)
4.5.1 Currency Sorter/Detector/Counter
4.5.2 POS Terminal
4.5.3 ATM
4.6 Industrial
4.7 Others

5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Honeywell
2. Allegro Microsystems
3. Amsasahi Kasei Microdevices Corporation
4. Melexis
5. TDK Corporation
6. TE Connectivity
7. NXP Semiconductors
8. Kohshin Electric
9. AMS
10. Infineon Technologies
11. Startup Ecosystems
12. Crocus Technology
13. Sensitec GmbH
14. Coto Technology
15. Quspin

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

Research study on the Global Magnetic Field Sensor Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.

The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook


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