Global MEMS Magnetic Sensors Market 2016-2020 report is the latest addition to RnRMarketResearch.com industry research reports collection. The analysts forecast global MEMS magnetic sensors market to grow at a CAGR of 19.06% during the period 2016-2020.
A sensor measures or responds to physical changes in its environment and transforms mechanical signals into electric signals. Magnetic sensors use magnetic fields to sense changes in speed, motion, and direction.
MEMS-based magnetic sensors are small devices used for measuring and detecting magnetic fields. Most of these devices function by detecting Lorentz force effects, during which the resonant frequency or voltage change may be measured electronically or optically for mechanical displacement.
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The demand for three-axis magnetic field sensors for low-power, low-cost applications like electronic compasses for smartphones is increasing. For these applications, manufacturers prefer Lorentz-force MEMS-based magnetometers to other magnetic sensors such as magnetic tunnel junction (MTJ) and anisotropic magnetoresistance (AMR).
The report covers the present scenario and the growth prospects of the global MEMS magnetic sensors market for 2016-2020. To calculate the market size, the report consider the revenue generated from the sale of MEMS magnetic sensors around the world.
The market is divided into the following segments based on geography:
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The report, Global MEMS Magnetic Sensors Market 2016-2020, has been prepared based on an in-depth 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, Bosch, Honeywell, Infineon, Asahi Kasei Microsystems
Other prominent vendors – Melexis, Aichi Steel, STMicroelectronics, Yamaha, Alps Electric
Market driver - Reduced product size and low manufacturing cost
Market challenge - Effect of temperature on sensor operation
Market trend - Growing adoption of wearable devices
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?
List of Exhibits:
Exhibit 01: Product offerings
Exhibit 02: Market segmentation
Exhibit 03: Global MEMS magnetic sensors market 2016-2020 ($ millions)
Exhibit 04: Five forces analysis
Exhibit 05: MEMS magnetic sensors by end-user segment 2015
Exhibit 06: MEMS magnetic sensors by end-user segment 2020
Exhibit 07: YoY percentage growth of MEMS magnetic sensors in end-user applications
Exhibit 08: MEMS magnetic sensors in the automotive industry ($ millions)
Exhibit 09: Expected global vehicle shipment growth 2015-2020
Exhibit 10: MEMS magnetic sensors in wireless and communication sector ($ millions)
Exhibit 11: MEMS magnetic sensors in healthcare sector ($ millions)
Exhibit 12: MEMS magnetic sensors in surveillance and security sector ($ millions)
Exhibit 13: Market share by region 2015
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