The global magnetic field sensor market is projected to witness a compound annual growth rate of 8.30% during the forecast period to reach a total market size of US$4.130 billion by 2022, increasing from US$2.559 billion in 2016.
Rapidly growing automotive industry is poised to drive the market for magnetic field sensors over the projected period. Continuous advancements in the consumer electronics and aerospace & defence industry will further augment the market growth for the magnetic field sensors. Proliferation of IoT and increasing application of these sensors across various industry verticals will increase the demand for more powerful magnetic field sensors. However, technical limitations of these sensors are expected to restrain their market growth.
The major players discussed in this report include Allegro MicroSystems, LLC, TDK Corporation, Honeywell International Inc., Asahi Kasei Microdevices Corporation, and Melexis among few others.
In the report, global Magnetic field sensor market has been segmented by type, application, and geography:
Hall Effect sensors
Flow Rate sensing
Key Topics Covered:
2. Research Methodology
3. Key Findings of the Study
4. Market Dynamics
5. Global Magnetic Field Sensor Market Forecast by Type (US$ billion)
6. Global Magnetic Field Sensor Market Forecast by Application (US$ billion)
7. Global Magnetic field sensor Market Forecast by Geography (US$ billion)