According to a new study published by Polaris Market Research the global Magnetic Sensors Market is anticipated to reach USD 4,680.3 million by 2026. The growing acceptance of e-compasses owing to their competence to improve the navigation experience of the users’ is anticipated to mount the application of magnetic sensors in automobiles during the coming years. Moreover, the implementation of these sensors is rising in consumer electronics application such as smart phones, and tablets, which is expected to propel the opportunities of magnetic sensors in the consumer electronics segments during the forecast period
In the end-user segment, for consumer electronics market for magnetic sensors is anticipated to grow at the highest CAGR during the forecast period. This growth is attributed to its wide usage for navigation purpose in smartphones as in the modern day, almost every smartphone is integrated with e-compass. In smartphones, e-compass acts as a digital compass providing positioning of the smartphone concerning Earth’s magnetic field thus, facilitating the smartphone to sense the precise direction.
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The market in Asia Pacific and Europe together contributed the highest share. The presence of large automotive sector in European countries and consumer electronics manufacturers in Asia Pacific is bolstering the market growth. The emerging economies of Asia Pacific region such as China, India and other Southeast countries are contributing to the market growth with the increasing spending capability of population resulting in increased demand for consumer electronics, cars, gaming devices and others. For instance, sale of cars in China surpassed the sales of US. Also, the semiconductor industry of Asia Pacific region is growing at a high pace thus, propelling the market growth for magnetic sensors.
Major companies profiled in the report include Elmos Semiconductor AG, Baumer Ltd., Honeywell International, Inc., Robert Bosch GmbH, NVE Corporation, Allegro Microsystems, Inc., Infineon Technologies AG, Melexis Corporation, austriamicrosystems AG (AMS), and NXP Semiconductors among others. However, the constant decrease in the average selling price of magnetic sensors components is restricting the entry of new players in the market.
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Key Findings from the study suggest Asia Pacific and European region is expected to command the market over the forecast years. APAC is presumed to be the fastest growing market, developing at a CAGR of more than 38% over the forecast period. The magnetic sensors market is presumed to develop at a CAGR of over 8.2% from 2018 to 2026. The consumer electronics and automotive segment is presumed to display the speediest development. The increasing implantation of magnetic sensors in several consumer electronics including budget smartphones, as well as growing demand for smart watches and fitness bands is driving the growth in APAC region.
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world.
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Magnetic Sensor Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the magnetic sensor market include Analog Devices, Amphenol, Honeywell International, NXP Semiconductors N.V., Schneider Electric, Infineon Technologies AG, ST Microelectronics, TE Connectivity, TDK Corporation, and Texas Instruments.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Magnetic Sensor Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/magnetic-sensor-market/download-sampleMarket DynamicsThe global magnetic sensor market is projected to grow at a healthy rate during the forecast period.
There has been a spurring rise in automotive electronics and robotics in recent years.
Moreover, increasing deployment of robotics in the field such as manufacturing industries, healthcare, and retail will bring new growth avenues.
The global CMOS Image Sensor market 2021 mainly focuses on the market trend, market share, size and forecast.
The report focuses on the emerging trends in the global and regional spaces on all the significant components, such as market capacity, cost, price, demand and supply, production, profit, and competitive landscape.
Moreover, the latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the CMOS Image Sensor market have also been included in the study.Get a Sample Copy of this Report @ https://www.globalinforesearch.com/reports/526378/cmos-image-sensor What the CMOS Image Sensor market research report basically consists of?The report gives a look at the recent developments and their innovations in the global CMOS Image SensorThe report presents the basic overview of the industry which includes the definition, manufacturing along with its applications.The report mainly comprises the recent marketing factors that are crucial to keep an eye on to analyze the market performance to fuel the profitability and productivity of the industry.The report enhances its focus on the estimates of 2020-2026 market development trends of the Global CMOS Image SensorFurthermore, an analysis of arduous raw materials, demand and production value has been laid out.Key Market Players:SonySamsungOmniVisionCanonOn Semi (Aptina)ToshibaSTNikonPixelPlusPixartSiliconFileGalaxyCoreThis research is a comprehensive way to understand the current landscape of the market, especially in 2021.
This will help all the market stakeholders to have a better understanding of the direction in which the market will be headed and future forecast.Market segmentation:Research analysts have studied and analyzed the report on these 3 segments which cover the market share, revenues, growth rate along with the other factors that uplift the growth rate in Global CMOS Image Sensor market.
This study will lead in identifying the high growth areas as well as in identifying the growth factors which are helping in leading these segments.For Product type segment the report listed main product type:Front-illuminated (FI) CMOSBackside-illuminated (BSI) CMOS sensorFor Application segment the report listed main types:Industrial/Space/DefenceSecurityMedicalAutomotiveComputingConsumerMobileMajor importance has been given to the status of the key segments.
The segmentation also includes the various End Users of this industry.Regional analysis:Asia PacificNorth AmericaSouth AmericaEuropeMEA(Middle East and Africa)The report examines market on domestic and global level.
