Magnetic Sensors Market Growth opportunities, Trends, Key Players, Industry Analysis, Segmentation, Size, Share, and Forecast to 2026

Global magnetic sensors market is anticipated to reach USD 4,680.3 million by 2026. The growing acceptance of e-compasses owing to their competence to improve the navigation experience of the users’ is anticipated to mount the application of magnetic sensors in automobiles during the coming years. Moreover, the implementation of these sensors is rising in consumer electronics application such as smart phones, and tablets, which is expected to propel the opportunities of magnetic sensors in the consumer electronics segments during the forecast period

In the end-user segment, for consumer electronics market for magnetic sensors is anticipated to grow at the highest CAGR during the forecast period. This growth is attributed to its wide usage for navigation purpose in smartphones as in the modern day, almost every smartphone is integrated with e-compass. In smartphones, e-compass acts as a digital compass providing positioning of the smartphone concerning Earth’s magnetic field thus, facilitating the smartphone to sense the precise direction.

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The market in Asia Pacific and Europe together contributed the highest share. The presence of large automotive sector in European countries and consumer electronics manufacturers in Asia Pacific is bolstering the market growth. The emerging economies of Asia Pacific region such as China, India and other Southeast countries are contributing to the market growth with the increasing spending capability of population resulting in increased demand for consumer electronics, cars, gaming devices and others. For instance, sale of cars in China surpassed the sales of US. Also, the semiconductor industry of Asia Pacific region is growing at a high pace thus, propelling the market growth for magnetic sensors.

Major companies profiled in the report include Elmos Semiconductor AG, Baumer Ltd., Honeywell International, Inc., Robert Bosch GmbH, NVE Corporation, Allegro Microsystems, Inc., Infineon Technologies AG, Melexis Corporation, austriamicrosystems AG (AMS), and NXP Semiconductors among others. However, the constant decrease in the average selling price of magnetic sensors components is restricting the entry of new players in the market.

Key Findings from the study suggest Asia Pacific and European region is expected to command the market over the forecast years. APAC is presumed to be the fastest growing market, developing at a CAGR of more than 38% over the forecast period. The magnetic sensors market is presumed to develop at a CAGR of over 8.2% from 2018 to 2026. The consumer electronics and automotive segment is presumed to display the speediest development. The increasing implantation of magnetic sensors in several consumer electronics including budget smartphones, as well as growing demand for smart watches and fitness bands is driving the growth in APAC region.

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Table of Contents
1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key take-aways
1.5. Stakeholders
2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
3. Magnetic Sensors Market Insights
3.1. Magnetic Sensors – Industry snapshot
3.2. Magnetic Sensors – Ecosystem analysis
3.3. Magnetic Sensors market dynamics
3.3.1. Magnetic Sensors – Market Forces
3.3.1.1. Magnetic Sensors Market driver analysis
3.3.1.2. Magnetic Sensors Market restraint/challenges analysis
3.3.1.3. Magnetic Sensors Market opportunity analysis
3.3.2. Industry analysis – Porter’s five force
3.3.2.1. Bargaining power of supplier
3.3.2.2. Bargaining power of buyer
3.3.2.3. Threat of substitute
3.3.2.4. Threat of new entrant
3.3.2.5. Degree of competition
3.3.3. Magnetic Sensors market PEST analysis, 2017
3.3.4. Value Chain Analysis
3.3.5. Magnetic Sensors Industry trends
3.3.6. Competitive Ranking Analysis
4. Magnetic Sensors Market Size and Forecast by Type
4.1. Key findings
4.2. Anisotropic Magneto-Resistive (AMR) Magnetometer
4.2.1. Global market estimates and forecasts, 2017 – 2026
4.3. Giant Magneto Resistance (GMR) Magnetometer
4.3.1. Global market estimates and forecasts, 2017 – 2026
4.4. Tunnel Magneto Resistance (TMR) Magnetometer
4.4.1. Global market estimates and forecasts, 2017 – 2026
4.5. Hall Effect
4.5.1. Global market estimates and forecasts, 2017 – 2026
5. Magnetic Sensors Market Size and Forecast by Technology
5.1. Key findings
5.2. Low Field Sensor
5.2.1. Global market estimates and forecasts, 2017 – 2026
5.3. Earth Field Sensor
5.3.1. Global market estimates and forecasts, 2017 – 2026
5.4. Bias Magnetic Field Sensor
5.4.1. Global market estimates and forecasts, 2017 – 2026
6. Magnetic Sensors Market Size and Forecast by End-user
6.1. Key findings
6.2. Automotive

Continued…

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Ronard

Ronard Completed his Master in Communication, after completing his degree he opted full-time research as his career. Ronard Main Area of Specialization is Market Research, he also contributes to Various Online Blog

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