Albany, NY -- (SBWIRE) -- 10/01/2012 -- Driven by the rapid demand in automotive and cell phone industry, the global market for magnetic sensors is expected to witness double digit growth rate during 2012 to 2017. Introduction of GPS technology in cell phones is contributing to the growth of the magnetic sensors Industry. Technological innovations, end-use applications, competitive pricing, and compatibility with various devices are positioning magnetic sensors on a healthy growth trajectory. The increasing demand for these types of sensors in the developing markets of Latin America and Asia-Pacific is enabling rapid advancements in technology and product.While automotive and electronic segments dominate the electronic market, several other business arenas are opening exciting opportunities for the magnetic sensor industry.
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This research report analyzes the global magnetic sensors Industry, discussing the detailed overview and market figures. This report also analyzes the industry growth rate¸ industry capacity, and industry structure. It includes the study of current developments in the magnetic market, Porter’s five force analysis, and detailed profiles of top industry players. This research report on magnetic sensors provides a detailed review of macro and micro factors significant for the existing market players and new entrants along with detailed value chain analysis.
Magnetic Sensor Market Segmentation
Magnetic sensors market is segmented depending on following:
- Hall Sensor ICs
- Anisotropic Magnetoresistive (AMR) Sensors
- Hall Sensor Elements
- Giant Magnetoresistive (GMR) Sensors
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Silicon based magnetoresistive sensors; both AMR and GMR are used in a variety of new applications and are posing a challenge for traditional hall devices. Manufacturers are investing more on improvements in GMR technology. Magnetic sensors are taking over the market of micro switches, potentiometers, and reed switches. Hall sensor ICs along with AMR and GMR type sensors are dominating the magnetic sensor market.
The major geographies studied under this research are North America, Europe, Asia-Pacific, and the Rest of the World. The major areas of application of magnetic sensors include desktop PCs, mobiles, gaming, audio and video devices, electronic appliances, etc.
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The key players dominating this market are Allergo MicroSystems Inc. (US), Asahi Lasei Microdevices Corporation (Japan), Honeywell International Inc. (US), Austria Microsystems AG (Austria), Infineon Technologies AG (Germany), Micronas Semiconductor Holding AG (Switzerland), Melexis Microelectronic Systems (Belgium), NVE Corporation (US), Sensitec GmbH (Germany), NXP Semiconductors N.V. (The Netherlands), MEMSIC Inc. (US), etc.
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