On-Board Magnetic Sensor Market Size Analysis, Growth by Top Companies, Trends Forecasts Analysis to 2027
Magnetic sensors are capable of detecting and measuring magnetic fields and converting it into electrical signal. Magnetic sensors are widely used in proximity switching, positioning, speed detection, and current sensing applications. The demand for on-board magnetic sensors is expected to grow significantly in the industrial segment owing to the wide range of application in control systems and automation equipment. The on-board magnetic sensor market is highly fragmented with the presence of a large number of well-established players as well as emerging players operating in the market.
The global on-board magnetic sensor market is segmented on the basis of type, magnetic density, and industry vertical. On the basis of type the market is segmented as Hall Effect sensors, magnetoresistive sensors, squid sensors, and others. On the basis of magnetic density, the market is segmented as low-field sensors, earth field sensors, and bias magnetic field sensors. Based on industry vertical, the market is segmented as automotive, consumer electronics, healthcare, aerospace and defense, industrial, and others.
The key players profiled in the On-Board Magnetic Sensor Market research study includes:
1. Asahi Kasei Microdevices Corporation
2. Austria Mikro Systeme
3. HONEYWELL INTERNATIONAL INC.
4. Infineon Technologies AG
5. Kohshin Electric
6. Melexis NV
7. Murata Manufacturing Co., Ltd.
8. Sensitec GmbH
10. TE Connectivity
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Since, the key findings in the On-Board Magnetic Sensor Market research reports highlight crucial progressive industry trends, it allows the companies across the value chain to develop effective long-term strategies. The clients get to understand a clear picture of the competitors and can develop strategies and modify business expansion plans accordingly. The On-Board Magnetic Sensor Market research reports cover thousands of global players that based on several parameters, such as company revenue, product portfolio, and geographic presence.
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An expert in SEO, Prashant carries an experience of over five years in the industry. He has the ability to analyze global industry trends that helps the leaders to make smarter decisions. An electrical, electronics and communication engineer, Prashant is able to predict future trends as they are changing fast with technological development.
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