This report provides exclusive insights into the COVID-19 impact on the Magnetic Field Sensor Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Magnetic Field Sensor Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Magnetic Field Sensor Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on magnetic
field sensor market provides an in-depth analysis of segments and sub-segments in
the global as well as regional magnetic field sensor market. The study also
highlights the impact of drivers, restraints, and macro indicators on the
global and regional magnetic field sensor market over the short term as well as
long term. The report is a comprehensive presentation of trends, forecast and
dollar values of global magnetic field sensor market. According to the report,
the global magnetic field sensor market is projected to grow at a CAGR of 8.74%
over the forecast period of 2019-2025.
The growing research and development activities in the field of
electronics have changed the sensors over the years. Sensors are becoming more
effective and accurate as the technology evolves. Magnetic field sensors
operate based on the fluctuation in the magnetic field around the sensor. The
magnetic field sensor is highly competitive and consolidated in nature. Only a
few players in the market have command over a large part of market share. The
key market players including Honeywell International Inc., Asahi Kasei
Microdevices Corporation, TDK Corporation, Allegro MicroSystems LLC, Robert
Bosch GmbH, MEMSIC Inc. and others are focusing on product innovation and
mergers and acquisitions as a strategy to maintain their position in the
The increase in the application of magnetic field sensors in the
automotive industry is the key factor driving the magnetic field sensor market.
The magnetic field sensors are used in cars for various purposes, which makes
them an important component of vehicles. Moreover, the high penetration of MEMS
technology in consumer electronics is expected to boost the magnetic field
sensor market. MEMS comes integrated with magnetic field sensors in them and MEMS
is an integral part of many consumer electronics. Furthermore, the government
initiatives to promote energy-efficient technologies further propelling the
magnetic field sensor market. However, the lack of infrastructure for the
manufacturing process is the major factor hampering the growth of the magnetic
field sensor market. Additionally, the technological advancements in the field
of electronics are expected to provide opportunities for the magnetic field
sensor suppliers in the future.
In terms of region, the magnetic field sensor market in
North-America generates the highest revenue. The magnetic field sensor market
in this region holds a large amount of share of the global market. The
domination of the North-America region in the magnetic field sensor market
attributes to the rise in demand from the automotive, consumer electronics and
healthcare industries. Moreover, the high penetration of electronics and the
rise in research in the field of magnetism are expected to boost the growth of
the magnetic field sensor market in North-America.
The report on the global magnetic field sensor market covers segments
such as type, application, and end-user. On the basis of type, the sub-markets
include hall effect, magnetoresistive, squid sensors, fluxgate sensors,
and other sensors. On the basis of application, the sub-markets include speed
sensing, flow rate sensing, detection/NDT, position sensing, navigation and
electronic compass, and other applications. On the basis of end-user, the
sub-markets include automotive, consumer electronics, aerospace & defense,
industrial, and other end-users.
The report provides profiles of the companies in the market such
as Allegro MicroSystems LLC, Honeywell International Inc., Asahi Kasei MicroDevices
Corporation, TDK Corporation, Infineon Technologies AG, Robert Bosch GmbH,
MEMSIC Inc., ams AG, NXP Semiconductors N.V., Melexix NV, and other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of magnetic field
sensor market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.