Magnetic sensors market

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Magnetic Sensors MarketSet to Exceed USD USD
4,680.3 million by 2026 CAGR 8.2

• Magnetic Sensors Market By Type (Anisotropic
  Magneto-Resistive (AMR) Magnetometer, Giant
  Magneto Resistance (GMR) Magnetometer, Tunnel
  Magneto Resistance (TMR) Magnetometer, Hall
  Effect) By Technology (Low Field Sensor, Earth
  Field Sensor, Bias Magnetic Field Sensor) By
  End-user (Automotive, Aerospace Defense,
  Consumer Electronics, Healthcare, Energy Power,
  Industrial, Others) By Regions Market Size
  Forecast, 2018 2026

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Magnetic Sensors Market Estimate Forecast to
2026
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 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 Earths magnetic field thus,
facilitating the smartphone to sense the precise
direction.
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Magnetic Sensors Market Scope
By Type By Technology By Region Report Attributes
Anisotropic Magneto-Resistive (AMR) Magnetometer Giant Magneto Resistance (GMR) Magnetometer Tunnel Magneto Resistance (TMR) Magnetometer Hall Effect Low Field Sensor Earth Field Sensor Bias Magnetic Field Sensor Automotive Aerospace Defense Consumer Electronics Healthcare Energy Power Industrial Others North America Europe Asia Pacific Latin America Middle East Africa Historic year 2015-2016 Base year 2017 Forecast Year 2018-2026 Revenue ((USD Million)
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Magnetic Sensors Market Estimate Forecast to
2026
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 companies profiled 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, Austria microsystems AG (AMS), and
NXP Semiconductors among others. However, the
constant decrease in the average selling price of
magnetic sensors components is restricting the
entry of new players in the market.


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Magnetic Sensors Market Size
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About Us
Polaris Market Research is a global market
research and consulting company. 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 e 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,
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environments and latest business-centric
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