Stratview Research has launched a new report, titled On-Board Magnetic Sensor Market is segmented By Type (Hall Effect Sensors, Magnetoresistive Sensors, SQUID Sensors, Others), By End Use (Automotive, Consumer Electronics, Healthcare, Aerospace & Defense, Industrial, Others), and Region.
Covid-19 Impact Analysis:
Covid-19 has highly impacted the market dynamics, competition, and supply chain of almost all industries. The revenues have gone down in 2020 and are expected to resume an uptrend gradually from 2021 and continue to grow further. The report covers all the segments that were affected by the pandemic.
According to the report, The Global On-Board Magnetic Sensor Market is estimated to grow from USD 1.53 billion in 2020 to USD 2.31 billion by 2026 at a healthy CAGR of 8.6% during the forecast period.
Market Segments’ Analysis
Based on type, the on-board magnetic sensor market has been classified into Hall Effect sensors, magnetoresistive sensors, squid sensors, and others. The magnetoresistive segment accounted for a significant market share in 2020. These sensors exhibit a wide operating range and possess features & functionalities such as low power, inherently low hysteresis, and high linearity for improved measurement accuracy compared to Hall Effect sensors.
By region, the North American On-Board Magnetic Sensor market held a significant share in 2020 and is expected to grow at a significant CAGR during the review period. The on-board magnetic sensor market growth is mainly propelled by increasing penetration of smartphones, tablets, and laptops, which will increase the adoption of the on-board magnetic sensor. Also, increasing consumer spending as well expanding electronic sector further boosts the regional market growth.
The Asia-Pacific On-Board Magnetic Sensor market is expected to grow at a healthy CAGR during the review period. The regional growth is ascribed to surging demand for consumer electronic devices such as smartphones, laptops, and cameras in China, India, and Southeast Asian countries. The implementation of a wide range of sensors even in budget smartphones and the growing demand for fitness bands.
Key Players
The following are the key players in the On-Board Magnetic Sensor market-
- Asahi Kasei Microdevices Corporation (Japan)
- Austria Mikro Systeme (Austria)
- HONEYWELL INTERNATIONAL INC. (US)
- Infineon Technologies AG (Germany)
- Kohshin Electric (Japan)
- Melexis NV (Belgium)
- Murata Manufacturing Co., Ltd. (Japan)
- Sensitec GmbH (Germany)
- TE Connectivity (Switzerland)
- Austria Mikro Systeme (AMS) AG (Austria)
Frequently Asked Questions –
This report provides vital information and valuable insights, enabling the users to identify the strategic growth opportunities in the market. The report aims at answering the following key questions:
- What is the current and future market size of On-Board Magnetic Sensor market?
- How has the COVID-19 pandemic impacted the market? How fast is it expected to recover?
- What will be the short and long-term effects of the pandemic?
- How are other market factors affecting the market dynamics?
- Which segments offer high-growth opportunities in the long run?
- How fierce is the On-Board Magnetic Sensor market competition?
- What are the key emerging trends and unmet needs in the present market?
- What are the strategic growth opportunities and key success factors?
Read the full report: https://www.stratviewresearch.com/2449/On-Board-Magnetic-Sensor-Market.html
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