Magnetic Field Sensor Market by Type Projected to Reach $2.9 Billion by 2020 at CAGR of 8.04% – New Report by MarketsandMarkets

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This magnetic field sensors market research report categorizes the global market on the basis of the different types of magnetic field sensors used in electronic systems, different magnetic technologies prevailing in the market. (http://www.marketsandmarkets.com/Market-Reports/magnetic-field-sensors-market-521.html)

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key players included in the report are Allegro MicroSystems Inc. (U.S.), Infineon (Germany), Asahi Kasei Microdevices Corporation (Japan), Austria microsystems AG (Germany), Honeywell International (U.S.)

According to a new market research report on the "Magnetic Field Sensors Market by Type (Hall Effect, Magnetoresistive, SQUID, Others), Technology (Low Field, Earth Field, BIAS Magnetic Field Sensors), Applications (Automotive, Consumer Electronics, Industrial & Infrastructure, Medical, Aerospace & Defense) and Geography - Forecasts & Analysis to 2013 -2020", published by MarketsandMarkets, 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 "
http://www.marketsandmarkets.com/Market-Reports/magnetic-field-sensors-market-521.html

Early buyers will receive 10% customization on reports.

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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.

The market size of the Magnetic Field Sensor Market is expected to grow from the $1.6 billion that it accounted for in 2013 to $2.9 billion by 2020, at an estimated CAGR of 8.04% from 2014 to 2020. The volume of the magnetic sensors is currently estimated to be 5.9 billion units and is expected to rise up to 9.6 billion units at an estimated CAGR of 6.75% from 2014 to 2020.

Magnetic field sensor market has a great potential to grow, owing to its properties such as high sensitivity, low power consumption, high switching speed, temperature stability, and so on. Technological advancements in this industry over the years have increased the applications of these magnetic field sensors in various commercial sectors. Today, magnetic field sensors are mainly used in the automotive segment for Anti-Lock Braking Systems (ABS), engine control, steering angle sensing, and force and torque sensing. Apart from these, the magnetic field sensors products are finding applications in the consumer electronics industry in devices such as smart phones, tablets, and laptops, among others.

Hall Effect magnetic field sensors are used in the automotive segment for current sensing, speed detection, and positioning. These sensors are also used to determine the position of crankshafts and camshafts. Micronas, which is a Switzerland based company, is one of the key suppliers of the linear Hall sensors; and delivered more than 2.5 billion Hall sensors to the automotive industry in 2012; these sensors are used for detecting the throttle valve and accelerator position and for exhaust gas recirculation. The magneto resistive magnetic field sensors are used in engine management, gearbox, transmission systems, vehicle speed, Electronic Throttle Control (ETC), DC motor commutation, Variable Valve Control (VVC), pedal and wiper positioning, automatic headlight adjustment, Electronic Power Steering (EPS) for rotor positioning and torque sensing, and seat positioning.

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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.

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