Tunnel Magnetoresistance (TMR) Sensors: Global Strategic Business Report

Global Tunnel Magnetoresistance (TMR) Sensors Market to Reach $611.8 Million by 2027

In the changed post COVID-19 business landscape, the global market for Tunnel Magnetoresistance (TMR) Sensors estimated at US$423.6 Million in the year 2020, is projected to reach a revised size of US$611.8 Million by 2027, growing at a CAGR of 5.4% over the analysis period 2020-2027. Automotive, one of the segments analyzed in the report, is projected to record a 5.6% CAGR and reach US$263.5 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Consumer Electronics segment is readjusted to a revised 5.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $115.4 Million, While China is Forecast to Grow at 8.6% CAGR

The Tunnel Magnetoresistance (TMR) Sensors market in the U.S. is estimated at US$115.4 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$126.5 Million by the year 2027 trailing a CAGR of 8.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$81.7 Million by the year 2027.

Industrial Segment to Record 4.8% CAGR

In the global Industrial segment, USA, Canada, Japan, China and Europe will drive the 4.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$38.3 Million in the year 2020 will reach a projected size of US$51.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 6% CAGR through the analysis period.

Select Competitors (Total 36 Featured) -

• Allegro MicroSystems, LLC
• ams AG
• Asahi Kasei Corporation
• Honeywell International, Inc.
• Infineon Technologies AG
• Melexis
• Multi Dimension Technology
• Sensitec GmbH
• TDK Corporation
• TE Connectivity

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