The on-board magnetic sensors market 2020 is presumed to earn high amount of revenues. There has been a constant development in the efficiency of these sensors. The global on-board magnetic sensors market, as per the report offered by Market Research Future (MRFR), is expected to augment at a CAGR of 8.4% over the forecast period 2018 to 2023. It has also been assessed that the valuation of this market will reach USD 1.80 Bn by 2023, increasing from USD 1.11 Bn in 2017. Product is being developed to cater to different needs and the customers have a variety of options to choose from. It is very likely that more industries will hop into the bandwagon and exhibit higher rate of adoption of these sensors in the coming years.Segmental Analysis
The segments of the Magnetic Sensor Market are created on the basis of vertical magnetic density, type, application, and region. Based on the type, the on-board magnetic sensor market is bifurcated into magneto resistive sensors, hall effect sensors, squid sensors, and others. On the basis of magnetic density, the on-board magnetic sensor market is segmented into 10 gauss (bias magnetic field sensors). The application basis of segmenting the on-board magnetic sensor market consists of detection/NDT, position sensing, speed sensing, and navigation & electronic compass. Based on the vertical, the on-board magnetic sensor market is segmented into consumer electronics, automotive, aerospace & defense, healthcare, industrial and others. Based on the region, the on-board magnetic sensor market is segmented into Europe, Asia-Pacific, North America, and the rest of the world.
Competitive Analysis
Asahi Kasei Microdevices (Japan), Infineon Technologies (Germany), Sanken Electric (Allegro Subsidiary) (Japan), TDK Corporation (Japan), Murata Manufacturing (Japan), Melexis NV (Belgium), Honeywell International (US), AMS (Austria), TE Connectivity (Switzerland), and NXP Semiconductors N.V. (Netherlands) are few of the key players of the on-board magnetic sensors market.
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