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Magnetic Sensors - Global Market Trajectory & Analytics

  • ID: 1882082
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Allegro MicroSystems, LLC
  • ams AG
  • Infineon Technologies AG
  • MEMSIC, Inc.
  • NVE Corporation
  • NXP Semiconductors N.V.
Global Magnetic Sensors Market to Reach $3.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Magnetic Sensors estimated at US$2.1 Billion in the year 2020, is projected to reach a revised size of US$3.1 Billion by 2027, growing at a CAGR of 5.8% over the analysis period 2020-2027. Hall Effect, one of the segments analyzed in the report, is projected to record a 5.6% CAGR and reach US$1.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Anisotropic Magnetoresistance (AMR) segment is readjusted to a revised 5.7% CAGR for the next 7-year period.



The U.S. Market is Estimated at $562.7 Million, While China is Forecast to Grow at 8.9% CAGR

The Magnetic Sensors market in the U.S. is estimated at US$562.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$647.8 Million by the year 2027 trailing a CAGR of 8.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.

Giant Magnetoresistance (GMR) Segment to Record 6.2% CAGR

In the global Giant Magnetoresistance (GMR) segment, USA, Canada, Japan, China and Europe will drive the 5.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$343.9 Million in the year 2020 will reach a projected size of US$505.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$415.8 Million by the year 2027, while Latin America will expand at a 7.4% CAGR through the analysis period.

Select Competitors (Total 153 Featured):
  • Allegro MicroSystems, LLC
  • ams AG
  • Asahi Kasei Microdevices Corporation
  • Honeywell International, Inc.
  • Infineon Technologies AG
  • Melexis Microelectronic Systems
  • MEMSIC, Inc.
  • NVE Corporation
  • NXP Semiconductors N.V.
  • Sensitec GmbH
  • TDK Corporation
  • TDK-Micronas GmbH
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Allegro MicroSystems, LLC
  • ams AG
  • Infineon Technologies AG
  • MEMSIC, Inc.
  • NVE Corporation
  • NXP Semiconductors N.V.
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Recent Market Activity
  • A Prelude
  • Market Outlook
  • 3D Magnetic Sensors Market - A Review
  • Improving Economy Buoys General Market Optimism
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Hall Effect Sensors - A Mature Product Category with Highest Revenue Contribution
  • Magnetoresistive Sensors Wax in Popularity
  • Demand for MEMS Based Sensors Spurs Growth Prospects for GMR Sensors
  • SQUID - A High Potential Segment
  • Automotive Sector - The Largest Revenue Contributor
  • Vehicle Production Gains in China to Drive Growth in the Asian Market: The Foundation for Macro Market Optimism
  • Growing Proliferation of Consumer Electronic Devices to Drive Demand for Magnetic Sensors
  • Growing Use of Magnetic Sensors in the Industrial Sector
  • Emerging Applications Spur Market Expansion
  • Miniaturization & Other Product Development Efforts Helping Expand End-Use Applications for Magnetic Sensors
  • Market Challenges
  • Temperature Resistant Magnetic Sensors Gain Market Acceptance
  • Tunnel Magnetoresistance - A New Technology
  • Ultra Thin, Flexible Magnetic Sensor to Help Improve Human Perception
  • New Magnetic Sensors Transform Appliance Design
  • Small-Size Magnetic Sensor Gains Popularity
  • 2D Magnetic Field Sensors Based on Spin Values
  • Infineon Technologies Develops 3D Magnetic Sensor TLV493DA1B6
  • Magnetosensitive e-skin Identifies Objects without Touching
  • New Magnetometer Developed with Lower Sensitivity to External Magnetic Field
  • Allegro Develops Dual-channel Hall Effect Direct Detection Sensor
  • Magnetic Sensor MGS160 for Robotic Vehicles
  • Advanced Hall Effect Sensors for Industrial Applications
  • Multi-Directional Magnetic Sensing Devices
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 153
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Allegro MicroSystems, LLC
  • ams AG
  • Asahi Kasei Microdevices Corporation
  • Honeywell International, Inc.
  • Infineon Technologies AG
  • Melexis Microelectronic Systems
  • MEMSIC, Inc.
  • NVE Corporation
  • NXP Semiconductors N.V.
  • Sensitec GmbH
  • TDK Corporation
  • TDK-Micronas GmbH
Note: Product cover images may vary from those shown
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