On-board Magnetic Sensor: Introduction
- Magnetic sensors are able to detect and measure magnetic fields and converts it into an electrical signal.
- Magnetic sensors have various applications in proximity switching, positioning, speed detection, and current sensing.
- The on-board magnetic sensor market is segmented on the basis of type, magnetic density, end-use industry, and region.
- The rising demand for on-board magnetic sensors in the consumer electronics industry and the growing application of on-board magnetic sensors in navigation are the major factors that are expected to drive the growth of the global on-board magnetic sensor market during the forecast period.
Rise in Demand for >10 Gauss (Bias Magnetic Field Sensors)
- The >10 gauss (bias magnetic field sensors) segment in terms of magnetic density is projected to be the fastest growing segment of the global on-board magnetic sensor market during the forecast period.
- The >10 gauss (bias magnetic field sensors) are used to tune the sensitivity and the measuring range of the magnetic sensor created by the magnetic poles of the hard magnetic film. This application is likely to propel the growth of the >10 gauss (bias magnetic field sensors) on-board magnetic sensor market.
Asia Pacific to Lead the On-board Magnetic Sensor Market
- In terms of region, the global on-board magnetic sensor market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
- Asia Pacific is expected to see dominant growth in the on-board magnetic sensor market throughout the forecast period due to the rise in demand for consumer electronic devices such as laptops, smartphones, and cameras in the region.
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Key Players Operating in the Global On-board Magnetic Sensor Market
The global on-board magnetic sensor market was highly fragmented in 2019. Major players operating in the global market are focusing on technological advancement and expansion to meet the rising demand for on-board magnetic sensors. Moreover, manufacturers are undertaking mergers and acquisitions for the development of innovative products.
Key players operating in the global on-board magnetic sensor market are:
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Asahi Kasei Microdevices
- Sanken Electric
- Infineon Technologies
- TDK Corporation
- Melexis NV
- Murata Manufacturing
- Honeywell International
- TE Connectivity
- AMS
- NXP Semiconductors N.V.
- Others
