The global on-board magnetic sensor market is projected to grow at a CAGR of 7% to 9% from 2021 to 2026. The growth of on-board magnetic sensor market is driven by increasing usage in consumer electronics and automotive sectors, growth in the adoption of on-board magnetic sensor for navigation, and increasing interest of leading manufactures to produce 3D magnetic sensor.
Some of the Key Questions answered in
this exclusive report are:
Q.1 What are some of the
most promising potential, high-growth opportunities for the global on-board
magnetic sensor market by type (hall effect sensors, magnetoresistive sensors,
squid sensors, and others), magnetic density (<1 microgauss (low field
sensor), 1 microgauss to 10 gauss (earth field sensor), and >10 gauss (bias
magnetic field sensors)), end use industry (automotive, healthcare, aerospace
& defense, industrial, consumer electronics, and other), and region (North
America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the on-board magnetic sensor market?
Q.4 What are some
changing demands of customers in the on-board magnetic sensor market?
Q.5 What are the new
developments in the on-board magnetic sensor market? Which companies are
leading these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this on-board magnetic sensor area and
how big of a threat do they pose for loss of market share via product
substitution?
Q.8 What M&A activity has occurred in the last 5 years in this on-board magnetic sensor market?
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Market Segmentation:
Based on magnetic
density, the on-board magnetic sensor market is segmented into <1 microgauss
(low field sensor), 1 microgauss to 10 gauss (earth field sensor), and >10
gauss (bias magnetic field sensors). The >10 gauss (bias magnetic field
sensors) segment accounted for the largest share of the market in 2020 and is
expected to register the highest CAGR during the forecast period, due to growth
in the automotive and consumer electronics sector.
Asia Pacific will remain
the largest region during the forecast period due to increase in demand for
consumer electronic devices such as laptops, smartphones, and cameras in APAC
region.
Key Players in the
on-board magnetic sensor market are Asahi Kasei Microdevices, Sanken Electric,
Infineon Technologies, TDK Corporation, and Melexis NV.
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https://www.lucintel.com/on-board-magnetic-sensor-market.aspx
The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/on-board-magnetic-sensor-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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