On Board Magnetic Sensor Trends and Forecast
The future of the global on board magnetic sensor market looks promising with opportunities in the automotive, consumer electronics, industrial, robotics, energy and power, healthcare, and aerospace and defense markets. The global on board magnetic sensor market is expected to reach an estimated $2.2 billion by 2030 with a CAGR of 7.5% from 2024 to 2030. The major drivers for this market are growing demand for these sensors for navigational purposes and significantly growing automotive, energy, and consumer electronic industries across the globe.A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
On Board Magnetic Sensor by Segment
The study includes a forecast for the global on board magnetic sensor by type, technology, application, end use, and region.On Board Magnetic Sensor Market by Type [Shipment Analysis by Value from 2018 to 2030]:
- Anisotropic Magneto-Resistive (AMR) Magnetometer
- Hall Effect
- Giant Magneto Resistance (GMR) Magnetometer
- Tunnel Magneto Resistance (TMR) Magnetometer
- Squid Sensors
- Fluxgate
- Others
On Board Magnetic Sensor Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
- Low Field Sensor Technology
- Earth Field Sensor Technology
- Bias Magnetic Field Sensor Technology
On Board Magnetic Sensor Market by Application [Shipment Analysis by Value from 2018 to 2030]:
- Position
- Speed
- NDT
- Flowrate
- Navigation
- Others
On Board Magnetic Sensor Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Automotive
- Consumer Electronics
- Industrial
- Robotics
- Energy and Power
- Healthcare
- Aerospace and Defense
- Others
On Board Magnetic Sensor Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of On Board Magnetic Sensor Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies on board magnetic sensor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the on board magnetic sensor companies profiled in this report include-- Asahi Kasei
- TDK
- Infineon Technologies
- Melexis
- Allegro MicroSystems
- Micronas Semiconductors
- Bosch Sensortec
On Board Magnetic Sensor Market Insights
The publisher forecasts that hall effect is expected to witness the highest growth over the forecast period due to its increasing application in the industrial sector.Within this market, automotive will remain the largest segment due to increasing demand for luxury vehicles in the emerging nations.
APAC is expected to witness highest growth over the forecast period due to expansion of smartphones and electronic device industry and presence of major players in the region.
Features of the Global On Board Magnetic Sensor Market
- Market Size Estimates: On board magnetic sensor market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: On board magnetic sensor market size by various segments, such as by type, technology, application, end use, and region in terms of value ($B).
- Regional Analysis: On board magnetic sensor market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different types, technologies, applications, end uses, and regions for the on board magnetic sensor market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the on board magnetic sensor market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the on board magnetic sensor market size?Answer: The global on board magnetic sensor market is expected to reach an estimated $2.2 billion by 2030.
Q2. What is the growth forecast for on board magnetic sensor market?
Answer: The global on board magnetic sensor market is expected to grow with a CAGR of 7.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the on board magnetic sensor market?
Answer: The major drivers for this market are growing demand for these sensors for navigational purposes and significantly growing automotive, energy, and consumer electronic industries across the globe.
Q4. What are the major segments for on board magnetic sensor market?
Answer: The future of the on board magnetic sensor market looks promising with opportunities in the automotive, consumer electronics, industrial, robotics, energy and power, healthcare, and aerospace and defense markets.
Q5. Who are the key on board magnetic sensor market companies?
Answer: Some of the key on board magnetic sensor companies are as follows:
- Asahi Kasei
- TDK
- Infineon Technologies
- Melexis
- Allegro MicroSystems
- Micronas Semiconductors
- Bosch Sensortec
Answer: The publisher forecasts that hall effect is expected to witness the highest growth over the forecast period due to its increasing application in the industrial sector.
Q7. In on board magnetic sensor market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to expansion of smartphones and electronic device industry and presence of major players in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the on board magnetic sensor market by type (anisotropic magneto-resistive (AMR) magnetometer, hall effect, giant magneto resistance (GMR) magnetometer, tunnel magneto resistance (TMR) magnetometer, squid sensors, fluxgate, and others), technology (low field sensor technology, earth field sensor technology, and bias magnetic field sensor technology), application (position, speed, NDT, flowrate, navigation, and others), end use (automotive, consumer electronics, industrial, robotics, energy and power, healthcare, aerospace and defense, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global On Board Magnetic Sensor Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Asahi Kasei
- TDK
- Infineon Technologies
- Melexis
- Allegro MicroSystems
- Micronas Semiconductors
- Bosch Sensortec
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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