Global Magnetic Sensors Market Growth Rate By End-User Application and Aggressive Landscape Analysis 2020-2026

One of the most overlooked components of the electronics industry, the Magnetic Sensors which are abundantly used in applications ranging from gear tooth sensing to magnetic resonance imaging systems, are currently witnessing a prolific demand spurt across various applications. This can be attributed to intense research and development works going on in the field. In a recent twist of events, researchers at Brown University declared developing a magnetic sensor which is not only sensitive but is also relatively low on noise and exhibits properties similar to that of Hall effect (anomalous Hall effect).

Backed by the National Science Foundation, the device could stand to be a part of magnetic immunoassay arrangement- a practice that makes use of magnetism to detect pathogens in fluid samples.  Such initiatives are expected to propel the growth graph of magnetic sensor market over the span of 2020 to 2026.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2994

Global Market Insights, Inc., report cites that the global magnetic sensor market is projected to surpass a valuation of USD 3 billion over the stipulated time frame, given the industry’s well organized and structured technology, application, and regional landscapes.

Considering the technology spectrum, the report predicts that the AMR technology segment would grow at a rate of 7 per cent through 2026, post its dominance of 30 per cent market stake in 2019. This growth can aptly be defined due to the increasing deployment of AMR magnetic sensors in industrial and automotive applications, offering superior performance, flexibility, and high sensitivity in diverse operating conditions.

Adding to this, AMR sensors also impart low temperature drift and reduce calibration efforts and external compensation- a factor that eventually supports its adoption in industrial machinery and automotive steering angle application.

Speaking of the prolific use in automotive sector, magnetic senor market from speed sensing segment is poised to depict a CAGR of 6.8 per cent over the forecast timeframe; courtesy: the product’s heightened adoption in automotive wheel speed and safety application like antilock braking systems. It is rather evident that magnetic sensors are witnessing increasing acceptance from wheel speed sensing to monitor the rotational speed of vehicles with no contact measuring principle.

Not only this, surging initiatives by various central governments toward minimal accidents and safe driving have indeed offered a boost to adoption of automotive safety systems, accentuating the demand for these sensors. Citing an instance for the same, Indian government had in April 2019 announced equipping all PVs and CVs with anti-lock braking systems to ensure proper driver safety.

Request for customization @ https://www.gminsights.com/roc/2994 

Let alone the automotive sector, industrial segment is also likely to gain hefty demand for magnetic sensors in the years to follow. Thanks to the growing adoption of IIoT and industrial robots to ensure increased productivity with relatively lower labor coast. As a matter of fact, it was reported by International Federation of Robotics that industrial robot sales across the European region increased by 30 per cent in 2017. In this regard, it would be safe to declare that rising adoption and sales of industrial robots worldwide would offer a positive impetus to magnetic sensor market in the near future.  As per estimates, the industrial segment would grow at a magnificent rate of 7 per cent through 2026.

Given that Europe is witnessing massive demand for industrial robots and thus magnetic sensors, it does not come as a surprise that region would emerge as a major investment hub for various magnetic sensor industry players in the years to come. Europe magnetic sensor market acquired a prominent stake of 19 per cent in 2019 and is poised to grow at a rate of 4 per cent over the foreseeable time, fueled by favorable government initiatives put forth to augment the adoption of electric vehicles in the region. Besides, rising penetration of EVs in the region has also accelerated the deployment of charging points, calling out for major need of magnetic sensors for increased measurement accuracy and superior accuracy in charging networks.

Browse key industry insights spread across 683 pages with 890 market data tables and 26 figures & charts from the report, Magnetic Sensor Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/magnetic-sensor-market

Report Content

Chapter 3   Magnetic Sensor Industry Insights

3.1    Industry segmentation

3.2    Industry landscape, 2016 - 2026

3.2.1    Sensor industry overview

3.2.2    Automotive industry overview

3.2.3    Consumer electronics industry overview

3.3    Impact analysis of coronavirus (COVID-19) pandemic on the magnetic sensor market

3.3.1    Global outlook

3.3.2    Impact by Region

3.3.2.1    North America

3.3.2.2    Europe

3.3.2.3    Asia Pacific

3.3.2.4    Latin America

3.3.2.5    MEA

3.3.3    Industry value chain

3.3.3.1    Research and development

3.3.3.2    Manufacturing

3.3.3.3    Marketing

3.3.3.4    Supply

3.3.4    Competitive landscape

3.3.4.1    Strategy

3.3.4.2    Distribution network

3.3.4.3    Business growth

3.4    Industry ecosystem analysis

3.4.1    Supplier

3.4.2    Manufacturer

3.4.3    Distribution channel analysis

3.4.4    End-Users

3.4.5    Vendor matrix

3.5    Technological and innovation landscape

3.5.1    3D magnetic sensor technology

3.5.2    Evolution of Squid Sensors

3.6    Regulatory landscape

3.6.1    International Standards

3.6.1.1    ISO 26262

3.6.1.2    IATA Dangerous Goods Regulation

3.6.1.3    IEC 60068

3.6.1.4    IEC 61508

3.6.2    North America

3.6.2.1    Code of Federal Regulation 1010

3.6.3    Europe

3.6.3.1    CISPR 22

3.6.3.2    UL 508

3.6.3.3    IEC 60068

3.6.3.4    The Restriction of Hazardous Substances Directive 2002/95/EC

3.6.4    Asia Pacific

3.6.4.1    IS 302-2-25:1994

3.6.4.2    KC Certification, South Korea

3.6.5    MEA

3.6.5.1    IS 302-2-25:1994

3.7    Industry impact forces

3.7.1    Growth drivers

3.7.1   1 Increasing applications of magnetic sensors in the automotive sector

3.7.1.2    Growing consumer electronics industry in Asia Pacific

3.7.1.3    Declining prices of sensors

3.7.1.4    Growing adoption of TMR magnetic sensor technology

3.7.1.5    Implementation of tracking and navigation systems by transportation and delivery services

3.7.1.6    Deployment of magnetic sensors in space applications

3.7.1.7    Growing use of magnetic sensors in robotics and factory automation

3.7.1.8    Development of 3D magnetic sensor

3.7.2    Industry pitfalls and challenges

3.7.2.1    Effect of external factors on measurement accuracy

3.7.2.2    Sustainability issues in extreme environmental conditions.

3.8    Growth potential analysis

3.9    Porter’s analysis

3.9.1    Bargaining power of suppliers

3.9.2    Bargaining power of buyers

3.9.3    Threat of new entrants

3.9.4    Threat of substitutes

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

Comments

Post a Comment

Popular posts from this blog

Guidewires Market Growth Rate Analysis 2020 to 2026

Burgeoning demand for minimally invasive procedures is expected to fuel global Guidewires Market growth over the forecast period. Technological innovations in the healthcare sector have led to the development of hybrid guidewires that can efficiently deliver access solutions for complex anatomies, multiple pathologies, and multiple treatment modalities. The surging geriatric population suffering from lifestyle disorders has further accelerated the demand for guidewires. As per the WHO (World Health Organization), the population aged 60 years and above is anticipated to grow from 12% in 2015 to 22% by 2050. As this class of population is prone to various cardiovascular diseases, guidewires are expected to record significant demand in surgical interventions in the forthcoming time. Meanwhile, industry participants are focusing on new product innovation and development to tap major market share and expand their product portfolio. Request for a sample of this research report @ https:
Read more

Global Mobile Learning Market Overview – Key Futuristic Trends and Opportunities 2026

Global Mobile Learning Market is projected to witness a remarkable growth over the forecast period of 2020 to 2026 considering the shifting inclination towards   incorporation of technology supported training methods across educational as well as corporate sectors. With the advent of digitization, demand for mobile learning platforms has significantly increased across educational sector for providing high-quality education even in remote areas. Besides, the present situation of COVID-19 outbreak, has urged the educational institutes and corporate organizations to adopt electronic learning technologies to provide remote training to students and employees respectively. Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/4810   The industry players are also focused on offering enhanced mobile learning platforms and are using cloud technologies to strengthen their product portfolio while also   improving the overall customer experience
Read more

Rare Disease Treatment Market Rising Trends, Territorial Outlook and Industry Growth Prospects 2020-2026

  The Rare Disease Treatment Market is poised to accumulate noteworthy gains in coming years owing to the growing prevalence of rare diseases across the world. As per National Institutes of Health, nearly 30 million people in America suffer from one of the 7,000 rare diseases with only 5% of the rare disorders having substantial treatment options. The surging focus on research activities and development of novel therapeutic drugs has further elevated the rare disease treatment market value. Favorable government policies and measures for the treatment of rare disorders will also contribute towards market growth in the years to come. These initiatives are driving new drug launches across developed regions, which is expected to positively impact the rare disease treatment market growth. In fact, major diagnostic companies have been actively engaged in expanding their product portfolio recently. Citing an instance, in November 2020, Amylyx Pharmaceuticals, a leading pharmaceuticals comp
Read more