The Global Fluxgate Sensor Market is Expected to Grow at a CAGR of 9% by 2025

According to a new market report by Lucintel, the future of the global fluxgate sensor market looks promising with opportunities in the automotive, healthcare & life science, defense, electrical & electronics, media & communications, energy & utility industries. The global fluxgate sensor market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to grow with a CAGR of 9% from 2020 to 2025. The major growth drivers for this market are growing electronics and electrical industry along with rising demand for consumer electronic goods.

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In this market, navigation systems, industrial monitoring and control systems, and overcurrent detection are some of the applications of fluxgate sensor.

Within this market, automotive, healthcare & life sciences, defense, electrical & electronics, media & communications, and energy & utilities are the major end use industries.

North America will remain the largest region in the global fluxgate sensor market over the forecast period due to rapidly growing innovation and demand for sensor based products in automation industry across the region.

Stefan Mayer Instruments, Xi'an Huashun Measuring Equipment Co., Ltd., Macintyre Electronic Design Associates Inc., Methode Electronics Inc., Fluxgate World Subsystems, and MSR-Electronic GmbH are among the major manufacturers of the global fluxgate sensor market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the fluxgate sensor market by application, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Fluxgate Sensor Market 2020-2025: Market Size, Trends and Growth Analysis”. This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global fluxgate sensor market by application, end use industry, and region as follows:

By Application [$M shipment analysis for 2014–2025]:

Navigation Systems

Industrial Monitoring and Control Systems

Overcurrent Detection

Others

 

By End Use Industry [$M shipment analysis for 2014–2025]:

Automotive

Healthcare & Life Sciences

Defense

Electrical & Electronics

Media & Communications

Energy & Utilities

Others

 

By Region [$M shipment analysis for 2014–2025]:

North America

United States

Canada

Mexico

 

Europe

Germany

UK

Italy

 

Asia Pacific

China

Japan

India

South Korea

Rest of the World

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.

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.