Global On-Board Magnetic Sensor Market is expected to reach $2.64 million by 2026 growing at a CAGR of 9.6% during 2017 to 2026
Some of the key players profiled in the On-Board Magnetic Sensor market include TE Connectivity, TDK Corporation, Sensoronix, Sensitec, Sanken Electric, NXP Semiconductors N.V., Murata Manufacturing, Memsic, Infineon Technologies, Honeywell International, and Asahi Kasei Microdevices.
Gaithersburg, Maryland, United States – August 7, 2019 /MarketersMedia/ —
High development in the utilization of these sensors for consumer electronics applications and increasing demand of these sensors in navigation, and improvements in the on-board magnetic sensor ecosystem are some of the factors fuelling the market growth. However, inconsistent strength of magnetic field is restraining market growth. Moreover, scope for these sensors in the hybrid and electric vehicles is providing opportunities for market growth.
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On-Board Magnetic Sensor is a magnetic sensor which is calibrated after it is mounted on a circuit board. This On-Board Magnetic Sensor will perform better than one that has been handled after calibration. Magnetic sensor is a transducer that detects and measures magnetic field and converts it into an electric signal. Magnetic sensors are used for proximity switching, speed detection, positioning and current sensing applications.
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Based on Type, Magnetoresistive Sensors segment acquired considerable share during the forecast period because this sensor have a wide operating range and is commonly used to detect magnetic field strength. In addition, the cost of magnetoresistive sensors is expected to decrease over a period of time. By Geography, Asia Pacific is expected to grow at a significant market share during the forecast period due to the increasing demand for Hall Effect sensors for industrial automation applications in consumer electronics and automotive industries in emerging economies and development of a wide range of sensors even in budget smartphones and the growing demand for fitness bands.
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Types Covered:
• Squid Sensors
• Magnetoresistive Sensors
• Hall Effect Sensors
• Other Types
Magnetic Densitys Covered:
• >10 Gauss (Bias Magnetic Field Sensors)
• 1 Microgauss to 10 Gauss (Earth Field Sensors)
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