The global magnetic field sensor market is expected to register growth over the forecast period. Surging demand across the automotive industry is expected to be a key driving factor for the market growth over the forecast period. Automotive is expected to be a high growth application segment due to the increasing need to integrate safety function in vehicles. Magnetic field sensors are used extensively across numerous safety systems such as Electronic Stability Control (ESC) and Anti-Lock Braking Systems (ABS), force and torque sensing, steering angle sensing among others. Electronic compasses or E-compasses are gaining popularity due to their ability to enhance user navigation and is also expected to fuel market growth. Growing demand in consumer electronics owing to smartphone proliferation is also expected to drive magnetic field sensors market growth over the forecast period. However, increased demand for low-cost magnetic field sensors may pose a challenge to market growth.
A full report of Magnetic Field Sensors Market is available at: https://www.orionmarketreports.com/magnetic-field-sensors-market/32398/
Magnetic Field Sensors Market Segmentation:
Based on type:
• Hall Effect Sensors (Hall ICs, Hall element)
• Magnetoresistive Sensors (anisotropic magnetoresistive (AMR) sensors, giant magnetoresistive (GMR) sensors, tunnel magnetoresistive (TMR) sensors)
• SQUID Sensors (high–temperature SQUID, low–temperature SQUID)
• Fluxgate Sensors
• Others (optically pumped, magnetodiode, magneto-optical, search coil, magnetoinductive, Overhauser, reed)
Based on range:
• <1 microgauss
• 1 microgauss–10 gauss
• >10 gauss
Based on application:
• Speed Sensing
• Proximity Detection/NDT
• Navigation and Electronic compass
• Flow rate Sensing
• Others (magnetoencephalography (MEG), magnetic resonance imaging (MRI), magnetocardiography (MCG), magnetomyography, and magnetoneurography as well as rotational reference detection)
Based on end-user industry
• Transportation
• Consumer Electronics
• Healthcare
• Aerospace & Defense
• Industrial
• BFSI
• Others (energy & power, food & beverages (F&B), and research)
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