DUBLIN, May 31, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Magnetic Field Sensor Market 2017-2021" report to their offering.
The global magnetic field sensor market to grow at a CAGR of 9.48% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global magnetic field sensor market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The report also includes a discussion of the key vendors operating in this market.
One trend in market is emergence of wearable technologies. There has been an upsurge in the adoption of wearable devices to enhance the quality of life worldwide. Wearable technologies are essentially a mobile form of communications technology that can be attached to a body part and can be used to monitor daily activities apart from providing communication services.
According to the report, one driver in market is improved efficiency of the automotive segment. A massive number of sensors are required in modern day cars, and many more applications are expected to become regular features of cars in the future. This can be attributed to consumers demanding features that improve safety, handling, stability, performance, comfort, convenience, and other attributes of a vehicle. The body and powertrain segments in vehicles, show the highest potential for the use of magnetic sensors.
In the body (cabin) domain there are over 35 applications for sensors, mainly hall-effect magnetic sensors along with low-cost micro switches, reed switches, and potentiometers. In addition, the growing integration of GPS in vehicles for navigation purposes will see a surge in demand for e-compasses, which, in turn, will create a high demand for magnetic sensors.
Further, the report states that one challenges in market is lengthy design phase increases time-to-market. The fabrication of thin-film magnetic microstructures requires the deposition of conductors, insulators, and other materials to ensure that the magnetic field sensors are efficient and capable of performing the desired functions and tasks. However, most manufacturers are using thin film metal alloys, which lack the requisite characteristics, as bulk ferromagnetic materials. This results in eddy currents and adverse hysteresis effect, which increases the core loss and decreases the inductance. Manufacturers must attend to this problem, thereby resulting in a long designing stage. Magnetic field sensor manufacturers are adding in-house calibration routines into their manufacturing processes that allow individual sensor calibration.
- Allegro MicroSystems
- Asahi kasei
- Infineon Technologies
- Micronas Semiconductor Holding
Other prominent vendors
- Analog Devices
- Honeywell Process Solutions
- NXP Semiconductors
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Five forces analysis
Part 07: Market segmentation by application
Part 08: Market segmentation by technology
Part 09: Geographical segmentation
Part 10: Key leading countries
Part 11: Decision framework
Part 12: Drivers and challenges
Part 13: Market trends
Part 14: Vendor landscape
Part 15: Key vendor analysis
For more information about this report visit http://www.researchandmarkets.com/research/7fntxg/global_magnetic
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/research-and-markets---global-magnetic-field-sensor-market-2017-2021---key-players-are-allegro-microsystems-asahi-kasei-infineon-technologies--micronas-semiconductor-holding-300465197.html
SOURCE Research and Markets