Magnetic Sensors Market Report 2022: Increasing Demand for Battery-Powered Electric Vehicles Presents Opportunities

DUBLIN, Jan. 23, 2023 /PRNewswire/ -- The "Magnetic Sensors Market, By Technology, By Application, By Geography - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030" report has been added to  ResearchAndMarkets.com's offering.

This report provides in-depth analysis of the global magnetic sensors market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering 2021 as the base year.

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.

Using a magnetometer to measure the strength or direction of a magnetic field is a basic principle in almost all fields of technology. From weapons search to biomedical applications, the measurement of changes in the vicinity of magnetic sensors is a critical part of today's technology. Magnetic sensors are of different types.

The most common magnetic sensors are solid-state Hall Effect sensors. These devices detect the magnetic flux perpendicular to the surface of the chip and produce an electrical signal proportional to the strength of the applied magnetic field. In some applications with large magnetic field strength, Hall Effect sensors are used instead of traditional coils.

Market Dynamics

Drivers

• Rise in Regulations Regarding Energy Efficient Automobiles and Systems
• Advent of Applications of Magnetic Sensors in Data Centers and Consumer Electronics

Restraints

• Drop in Average Selling Costs of Sensors and Semiconductors
• Outbreak of Covid-19 Influencing Electronics Industry

Opportunities

• Increasing Demand for Battery-Powered Electric Vehicles

Key Features of the Study:

• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• It profiles key players in the global magnetic sensors market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global magnetic sensors market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global magnetic sensors market

Detailed Segmentation:
Global Magnetic Sensors Market, By Technology

• Hall Effect
• Anisotropic Magneto Resistance (AMR)
• Giant Magneto Resistance (GMR)
• Tunneling Magneto Resistance (TMR)
• Other Technologies

Global Magnetic Sensors Market, By Application

• Automotive
• Consumer Electronics
• Industrial (apart from Automotive)
• Other Applications

Global Magnetic Sensors Market, By Geography

• North America
• Europe
• Asia-Pacific
• Rest of the World
• MEA

Company Profiles:

• Infineon Technologies AG
• Analog Devices
• Crocus Technology
• Honeywell International Inc.
• Allegro Microsystems (Sanken Electric Company)
• Murata Manufacturing Co. Ltd
• NVE Corporation
• NXP Semiconductors NV
• Omron Corporation
• STMicroelectronics NV
• TDK Corporation
• TE Connectivity Ltd
• Texas Instruments Inc.

Key Topics Covered:

1. Research Objectives and Assumptions

2. Market Purview

3. Market Dynamics, Regulations, and Trends Analysis

4. Global Magnetic Sensors Market - Impact of Coronavirus (COVID-19) Pandemic

5. Global Magnetic Sensors Market , By Technology, 2017-2030, (US$ Mn)

6. Global Magnetic Sensors Market , By Application, 2017-2030, (US$ Mn)

7. Global Magnetic Sensors Market , By Region, 2017-2030, (US$ Mn)

8. Competitive Landscape

9. Section

For more information about this report visit https://www.researchandmarkets.com/r/y4lb0r

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SOURCE Research and Markets