Magnetic Sensors Market Global Outlook on Key Growth Factors and Industry Analysis – Elmos Semiconductor AG, Baumer Ltd., Honeywell International, Inc. - iCrowdNewswire
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Sep 14, 2018 3:25 PM ET

Magnetic Sensors Market Global Outlook on Key Growth Factors and Industry Analysis – Elmos Semiconductor AG, Baumer Ltd., Honeywell International, Inc.

iCrowdNewswire - Sep 14, 2018

According to a new study published by Polaris Market Research the global magnetic sensors market is anticipated to reach USD 4,680.3 million by 2026. The growing acceptance of e-compasses owing to their competence to improve the navigation experience of the users’ is anticipated to mount the application of magnetic sensors in automobiles during the coming years. Moreover, the implementation of these sensors is rising in consumer electronics application such as smart phones, and tablets, which is expected to propel the opportunities of magnetic sensors in the consumer electronics segments during the forecast period.

Major key player in the report include:

– Elmos Semiconductor AG
– Baumer Ltd.
– Honeywell International, Inc.
– Robert Bosch GmbH
– NVE Corporation
– Allegro Microsystems, Inc.
– Infineon Technologies AG
– Melexis Corporation
– austriamicrosystems AG (AMS)
– NXP Semiconductors among others.

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In the end-user segment, for consumer electronics market for magnetic sensors is anticipated to grow at the highest CAGR during the forecast period. This growth is attributed to its wide usage for navigation purpose in smartphones as in the modern day, almost every smartphone is integrated with e-compass. In smartphones, e-compass acts as a digital compass providing positioning of the smartphone concerning Earth’s magnetic field thus, facilitating the smartphone to sense the precise direction.

The market in Asia Pacific and Europe together contributed the highest share. The presence of large automotive sector in European countries and consumer electronics manufacturers in Asia Pacific is bolstering the market growth. The emerging economies of Asia Pacific region such as China, India and other Southeast countries are contributing to the market growth with the increasing spending capability of population resulting in increased demand for consumer electronics, cars, gaming devices and others. For instance, sale of cars in China surpassed the sales of US. Also, the semiconductor industry of Asia Pacific region is growing at a high pace thus, propelling the market growth for magnetic sensors.

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Key Findings from the study suggest Asia Pacific and European region is expected to command the market over the forecast years. APAC is presumed to be the fastest growing market, developing at a CAGR of more than 38% over the forecast period. The magnetic sensors market is presumed to develop at a CAGR of over 8.2% from 2018 to 2026. The consumer electronics and automotive segment is presumed to display the speediest development. The increasing implantation of magnetic sensors in several consumer electronics including budget smartphones, as well as growing demand for smart watches and fitness bands is driving the growth in APAC region.

Major Points Of TOC:

1. Overview and Scope
2. Executive Summary
3. Magnetic Sensors Market Insights
4. Magnetic Sensors Market Size and Forecast by Type
5. Magnetic Sensors Market Size and Forecast by Technology
6. Magnetic Sensors Market Size and Forecast by End-user
7. Magnetic Sensors Market Size and Forecast by Regions
8. Company Profiles.

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About us Polaris Market Research

Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.

We mainly focus on aiding our customers with substantial competitive intelligence, helping them to secure a competitive advantage in the market and accomplish sustainable growth in different market domains. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.  Through dedicated qualitative and quantitative primary and secondary market research and consulting assignments, we adeptly formulate competitive strategies to address business challenges for our clients through analyzing market trends and emerging technologies.

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Mr. Neel

Polaris Market Research

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New York City, NY 10005

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Email- [email protected]

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Contact Information:

Polaris Market Research

30 Wall Street

8th Floor

New York City, NY 10005

United States

Email- [email protected]

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