Global Magnetic Field Sensor Market 2024-2028

Global Magnetic Field Sensor Market 2024-2028

Global Magnetic Field Sensor Market 2024-2028

The magnetic field sensor market is forecasted to grow by USD 3570.4 mn during 2023-2028, accelerating at a CAGR of 10.87% during the forecast period. The report on the magnetic field sensor market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by improved efficiency in automotive segment, growing demand for e-compasses, and emergence of self-driven car technology.

Technavio's magnetic field sensor market is segmented as below:

• By Application
• Automotive
• Consumer electronics
• Industrial
• Others
• By Technology
• Hall-effect sensors
• Magnetoresistive sensors
• MEMS sensors
• Others
• By Geographical Landscape
• APAC
• North America
• Europe
• South America
• Middle East and Africa

This study identifies the emergence of wearable technologies as one of the prime reasons driving the magnetic field sensor market growth during the next few years. Also, location-based tracking through lte and lte-a and improved size and cost-effectiveness of magnetic field sensors will lead to sizable demand in the market.

The report on the magnetic field sensor market covers the following areas:

• Magnetic field sensor market sizing
• Magnetic field sensor market forecast
• Magnetic field sensor market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading magnetic field sensor market vendors that include Allegro MicroSystems Inc., ams OSRAM AG, Analog Devices Inc., Asahi Kasei Corp., Balluff GmbH, Baumer Holding AG, Crocus Technology International Corp., Diodes Inc., Honeywell International Inc., iC Haus GmbH, Infineon Technologies AG, Lake Shore Cryotronics Inc., Melexis NV, NVE Corp., NXP Semiconductors NV, Pepperl and Fuchs SE, Sensitec GmbH, TDK Corp., TE Connectivity Ltd., and Vernier Software and Technology LLC. Also, the magnetic field sensor market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.