Automotive sector has emerged as the market leader for the global magnetic field sensors market, accounting for more than 40% of the magnetic field sensor market share. Increasing demand to integrate more safety functions in automobiles has created opportunities for the magnetic field sensors, so as to be used in various safety applications such as Electronic Stability Control (ESC) systems, steering angle sensing, force and torque sensing, and Anti-Lock Braking Systems (ABS), among others. Electronic compasses or E-compasses are becoming popular these days primarily due to their ability to enhance the user navigation experience in consumer electronic devices. The must-have ‘navigation’ feature in every handheld device is responsible for the high growth rate of the magnetic sensors in the consumer electronics market.
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Besides, other emerging technologies such as gesture recognition and controls used in the smart phones and gaming consoles are expected to contribute toward the growth of the magnetic field sensors market. In the report, magnetic field sensors market is divided into four segments, namely type, technology, applications, and geography. The magnetic field sensors classified by type include ‘hall effect’ sensors, magneto resistive sensors, and SQUID, among others; while the magnetic field sensor technology is divided further into low field, earth field, and bias magnetic field sensors. The applications wherein the magnetic sensors are used include the automotive, consumer electronics, industrial & infrastructure, medical, and aerospace and defense sectors. Meanwhile, the global magnetic sensor market is segmented on the basis of the various geographical regions namely: North America, Europe, APAC, and ROW.
The Hall Effect sensors dominate the market currently, with more than 70% of the market share, while the newer magnetic sensors such as TMR and SQUID sensors are gradually gaining visibility. The main suppliers of the Hall Effect sensors are Allegro MicroSystems Inc. (U.S.), Micronas Semiconductor (Switzerland), Melexis Microelectronic Systems (Belgium), Austria microsystems AG (Germany), and AKM (Japan). The major vendors of AMR sensors are NXP (The Netherlands) and Honeywell (U.S.), while the main suppliers of GMR sensors are NVE Corporation (U.S.) and Hitachi (Japan).
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The total shipment for the magnetic field sensors in the year 2013 was recorded to be 6.5 billion units; the figure is expected to reach up to 9.6 billion units in 2020 at a CAGR of 6.75%. In value terms, this market stood at $1.8 billion in 2014 and is expected to reach up to $2.9 billion by year 2020, at 8.04% CAGR during the projected period.
The report also discusses the future of the global magnetic field sensor market with road-maps, discussing the upcoming technologies, markets and application segments with respect to the magnetic field sensors. The report covers impact analysis of the market dynamics on the factors that are currently driving and restraining the growth of the market, along with their impact in the short, medium, and long-term landscapes. The consumption of each type of magnetic field sensors in the overall sensor market in terms of their value as well as volume consumption for the next six years is also analyzed and presented. The report also contains qualitative data on the trends in the sensors in “xEV”, along with insights about the global decreasing sales of the magnetic sensors in the smart phones market.
Significant upgradation and development of the new sensors for the magnetic sensor market have been the main strategies followed by the key players such as Allegro MicroSystems Inc. (U.S.), Infineon (Germany), Asahi Kasei Microdevices Corporation (Japan), Austria microsystems AG (Germany), Honeywell International (U.S.), Robert Bosch GmbH (Germany), MEMSIC, Inc. (U.S.), Melexis Microelectronic Systems (Belgium), Micronas Semiconductor (Switzerland), and NXP Semiconductors (The Netherlands). These developments and strategies are also included in the report.
Table of Contents
1.1 Objectives of the Study
1.2 Report Description
1.3 Markets Covered
1.5 Market Scope
2 Research Methodology
2.1 Description of the Global Magnetic Field Sensors Market Demand Model
2.2 Market Size Estimation
2.3 Market Crackdown & Data Triangulation
2.4 Market Share Estimation
3 Executive Summary
4.1 Attractive Market Opportunities in the Magnetic Field Sensors Market
4.2 Magnetic Field Sensors Market – top Two Sensor Segments, By Type
4.3 Magnetic Field Sensors Market in the Asia-Pacific Region
4.4 China is the Next Emerging Market for Magnetic Sensors
4.5 Magnetic Sensor Market: Types of Magnetic Sensors (2013)
4.6 Magnetic Field Sensor Market: Developed Application Markets Vs Emerging Application Markets
4.7 Global Magnetic Field Sensor Application Market: Magnetic Sensor Technologies (2020)
5.2 Market Segmentation
5.3 Market Dynamics
6.2 Industry Trends
6.3 Porter’s Five forces Analysis
7 Market, By
7.2 Comparison of Magnetic Sensing Technology
7.3 Hall Effect Sensors
7.4 Magnetoresistive Sensors
7.5 Squid Sensors
8 Market By
8.2 Low Field Sensor Technology
8.3 Earth Field Sensor Technology
8.4 Bias Magnetic Field Sensor Technology
9 Market By
9.1.2 Consumer Electronics
9.1.3 Industrial and Infrastructure
10.2 North America
11.2 Market Share Analysis, Global Magnetic Field Sensors Market
11.3 Competitive Situation and Trends
11.3.1 New Product Launches
11.3.2 Acquisitions, Agreements, and Partnerships
12.2 NXP Semiconductors N.V
12.3 Allegro Microsystems Inc.
12.4 Melexix NV
12.5 Asahi Kasei Microdevices Corporation
12.6 Honeywell International
12.7 AMS AG
12.8 Micronas Semiconductor Holdings AG
12.9 Infineon Technologies AG
12.10 Robert Bosch GMBH
12.11 Memsic Inc
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