- Magneto resistive sensor is a solid state magnetic sensor that has the ability to change the electrical resistance under influence of an external magnetic field
- These are used in measuring magnetic fields, monitoring electrical current, and absolute and incremental angle measurement
- Magneto resistive sensors are used in industries such as automotive, robotics, and medical applications.
Growing demand from medical and automotive field driving market growth
- Sensors are increasingly being used in high-end medical devices and biotechnology to study the physiological functions of the brain and of the heart, which is a major driver of the magneto resistive sensor market
- Also, the use of magneto resistive sensors for rotational sensing in automobiles, in robotics, camera positioning, and in potentiometer replacement are some other factors driving the growth of the magneto resistive sensor market.
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North America set to hold maximum market share during the forecast period
- In terms of region, the magneto resistive sensors market can be divided into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America.
- Geographically, North America and Europe are anticipated to hold significant share of the global magneto resistive sensor market due to the presence of leading magneto resistive sensor manufacturers in these regions.
- Also, the market in Asia Pacific is anticipated to expand at a rapid pace owing to increasing demand for power in emerging economies such as India and China, in the region.
Key Players Operating in the Magneto Resistive Sensor Market
Major players are focusing on organic and inorganic growth strategies by embracing collaborations, partnerships, agreements, and new product launches, in order to gain a competitive advantage in the market. Key players operating in the magneto resistive sensor market are listed below:
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- Honeywell International Inc.
- Murata
- AMS
- Analog Devices (Infineon Technologies)
- NXP Semiconductor N.V
- Magnachip Semiconductor
- TE Connectivity
- Diodes Incorporated
- MS AG
- Allegro Microsystems Inc.
- Panasonic
- Asahi Kasei Micro Devices Corporation
- Melexix NV
- Memsic Inc
- Infineon Technologies AG
- Micronas Semiconductor Holdings AG
- Robert Bosch GMBH
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