ELECTRONICS.CA PUBLICATIONS announces the availability of a new report entitled “Magnetic Field Sensors Market by Type, Technology, Applications and Geography – Forecasts & Analysis to 2013 – 2020”. The market size of the magnetic field sensors market is expected to grow from the $1.6 Billion that it accounted for in 2013 to $2.9 Billion by 2020, at an estimated CAGR of 8.04% from 2014 to 2020. The volume of the magnetic sensors is currently estimated to be 5.9 billion units and is expected to rise up to 9.6 billion units at an estimated CAGR of 6.75% from 2014 to 2020.
A magnetic field sensor identifies the position of an object on the basis of a magnetic field. This is built up either by an external permanent magnet or by a magnet integrated in the sensor. For example, movements of gear wheels or approximation of objects result in alterations inthe magnetic field. These changes are detected by the sensor and evaluated by the integrated electronics. Depending on the sensor type, the output signal may be digital or analog.Magnetic sensors are non-contact electronic sensors. They detect magnetic fields or their alteration by ferromagnetic objects.
There are many approaches towards magnetic sensing, which include Hall effect sensors, AMR magnetic sensors, GMR magnetic sensors, tunnel magnetoresistance sensors, nuclear precession magnetic field sensors, optically pumped magnetic field sensors, fluxgate magnetometer, search coil magnetic field sensors, and SQUID magnetic field sensors. MEMS-based magnetic field sensors can offer small-size solution for magnetic field sensing. Smaller device can be placed closer to the measurement spots, thereby achieving higher spatial resolution. Additionally, MEMS magnetic field sensor does not involve the micro fabrication of magnetic material. Therefore, the cost of the sensor can be largely reduced. Integration of MEMS magnetic field sensor can further reduce the size of the entire magnetic field sensing system.
New developments in the automobile infotainment systems will also increase the demand of the magnetic field sensors.The largestapplications of the magnetic field sensors in the automobile sectorare found in theAnti-Lock BrakingSystems (ABS) and engine control management systems, which are gaining popularity in the emerging markets.
This report covers the vital driving and restraining factors for this market. Encouraging government legislations and policies foreco friendly vehicles, increase in the need of efficient products, and rise in the applications of magnetic sensors in the automobiles and consumer electronics are acting as the driving factors for this industry. However, there are few factors, which are acting as obstacles in the growth of the magnetic sensor market. These factors are inconsistency of a magnetic body, distortional variation, temperature fluctuations, and low resistance in magnetic field detection. Unavailability of aftermarket is a strong restraint for the magnetic field sensor market.
The worldwide market of the magnetic field sensors is segmented into North America, Europe, APAC, and RoW. APAC is the leading geography in this market due to the supporting factors present in the APAC region; such assupportive government policies, increasing demand for automobiles and smart phones in this region,and presence of key industry players. However, North America which is another vital market is expected to show a significant growth in the coming years due to revised government policies and expansion of the magnetic sensorsbusiness in this region, by players such as Honeywell International (U.S.) and Allegro MicroSystems Inc. (U.S.).
This report profiles the major companies which have beencontributing significantlyin this market; these include Allegro MicroSystems Inc. (U.S.), Infineon (Germany), Asahi Kasei Microdevices Corporation (Japan), Austria microsystems AG (Germany), Honeywell International (U.S.), Robert Bosch GmbH (Germany), MEMSIC Inc. (U.S.), Melexis Microelectronic Systems (Belgium), Micronas Semiconductor (Switzerland), and NXP Semiconductors (The Netherlands).
Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications’ web site. View the report: Magnetic Field Sensors Market by Type, Technology, Applications and Geography – Forecasts & Analysis to 2013 – 2020.