MarketsandMarkets
Key players - Allegro MicroSystems Inc. (U.S.), Infineon (Germany), Asahi Kasei Microdevices Corporation (Japan), Austria microsystems AG (Germany), Honeywell International (U.S.), Robert Bosch GmbH
(PRWEB) October 10, 2014
The report "Magnetic Field Sensors Market by Type, Technology, Applications and Geography - Forecasts & Analysis to 2013 -2020”, defines and segments magnetic field sensor market into various sub-segments with an in-depth analysis and forecasting of revenues. It also identifies the drivers and restraints for this market with the insights on trends, opportunities, and challenges.
The value of the global magnetic field sensor market was worth $1.6 Billion in 2013 and is expected to reach up to $2.9 Billion by 2020, at an estimated CAGR of 8.04% from 2014 to 2020.
Browse 110 market data tables and 61 figures spread through 204 pages and in-depth TOC on "Magnetic Field Sensors Market”
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The growth of the Magnetic Field Sensor Market is being propelled due to many reasons such as growing automobile production markets, increasing demand in gaming consoles, increasing popularity of electronic compasses, and continuous demand for computer and computing peripherals,. The existing competition within the technologies, inconsistency in the magnetic field strength and unavailability of a strong aftermarket are acting as the restraints for the market.
In the magnetic field sensor market, the automotive segment is expected to hold the major chunk of the market share by 2020, and is estimated to grow at a CAGR of 7.93% from 2014 to 2020. The government is also playing a significant role in the growth of the automotive magnetic field sensor market. For instance, environmental regulations in Europe tend to limit the pollution caused by road vehicles. This will boost the growth of the hybrid and electric cars, which use magnetic field sensors for current sensing and motor drive controlling applications. Although, the safety regulations have provided significant opportunities for the magnetic sensor growth, the environmental regulations have been a strong driver for the growth of the automotive magnetic sensor market worldwide. These steps from the government have stimulated the growth of the vehicle security industry with magnetic field sensor applications such as antilock braking system and the central locking system. The ‘Powertrain’ in which the magnetic sensors are used is acting as an emerging automotive application for the magnetic field sensor market in the Asia-Pacific region and is expected to show a promising growth in the coming future.
Tunnel Magnetoresistance (TMR) Technology – Potential Growth Market for Magnetic Field Sensors
TMR (Tunnel Magnetoresistance) is a new type of magnetoresistive sensor. It was discovered in 1975 by M. Julliere (University of Rennes, France) and was developed using the Magnetic Tunnel Junction (MTJ) technology. The TMR sensor technology possesses superior properties and high prospective for surviving in the next-generation magnetic sensors for the automobile and industrial applications, which include high output accuracy, low power consumption, high sensitivity, high operating range temperature, wide air gap, 360 ̊ angle detection, low cost, detection of extremely low magnetic field, smaller sensor size, larger installation tolerance, robustness, and high magnetic field tolerance. TMR holds the potential to give a stiff competition to other technologies such as AMR and GMR after 2020, and is estimated to grow at a high CAGR of 13.61% from 2014 to 2020.
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In addition to the market size and forecasts, the report analyzes the key trends of the market; sensors distribution in various application segments, such as the application segments that have been extensively covered in the report, which include the automotive, consumer, industrial & infrastructure, medical, and aerospace and defence segments; along with the market drivers, restraints, and opportunities. The report also profiles the 10 key players in the industry. The report draws the competitive landscape of the magnetic field sensor market, providing an in-depth comparative analysis of the technological and marketing strategies that the key players are adopting in order to gain an edge over their competitors.
Objectives:
•To analyze the global market with a special focus on the high-growth areas, such as consumer electronics and automotive segments
•Analysis of the magnetic field sensors market by sensor type, technology, application, and geography with the overall market statistics as well as detailed classification.
•To perform an 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.
•To use the Porter’s five forces to gauge the entry-barriers to this market, market life cycle analysis along with technology and
market roadmaps, to study the evolution & timelines of magnetic field sensors and their respective markets
•To provide illustrative segmentation, analysis, and projection of the main geographical markets
•To project the future of each type of technology from both, technical and market oriented perspectives, along with roadmaps
•To study, in detail, the competitive landscape, with identification of the key players along with the market share analysis with individual market size, market shares, and market share rankings.
•To analyze the competitive intelligence from the company profiles, using the key player strategies; and the game-changing developments such as product launches and acquisitions
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