On-board Magnetic Sensors Market By Type (Hall Effect Sensors, Magneto-Resistive Sensors, SQUID Sensors, and Others), Magnetic Density (<1microgauss [Low Field Sensors], 1 microgauss –10gauss [Earth Field Sensors], >10gauss [Bias Magnetic Field Sensors]), Application(Speed Sensing, Detection, Position Sensing, Navigation, and Electric Compass), and Industry Vertical (Automotive, Consumer Electronics, Industrial, Aerospace & Defense, Healthcare, and others): Global Opportunity Analysis and Industry Forecast, 2021–2027
A08276 | Pages: NA | Jun 2021 | 479 Views | | |
Author(s) : NA | Tables: NA | Charts: NA | Formats*: | |
COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the On-board Magnetic Sensors Market
Request Now !On-board magnetic sensor is regulated after it is mounted on a circuit board and is used for determining disturbances or fluctuations in magnetic field such as strength, direction, and flux. It works on the principle of transducer that measures magnetic field and converts it into an electrical signal. These magnetic sensors find wide applications in consumer electronics as well as in control system of automobile equipment as it is highly reliable, durable, robust, low power consumption, and cost-effective solution. It features low hysteresis, robustness to dirt, and other contaminants. In addition, these sensors offer wide operating range and high linearity for improved measurement accuracy as compared to Hall effect sensors, which enhances product quality standards in industrial control applications. Lucrative growth opportunities in sensing and detection due to innovation in internet of things (IoT) associated with this component implies that the on-board magnetic sensor market would undergo significant steady on-board magnetic sensors market share in the coming years.
Covid Impact Analysis:
The COVID-19 pandemic is becoming more serious due to continuous global spread and unavailability of appropriate therapeutic and diagnostic systems. Since the outbreak epicenter was China, which accounts for the premium part of manufacturing unit of sensing technologies, ongoing disruption has caused apparent changes in the overall demand and supply chain of the on-board magnetic sensors market.
In March 2020, a technology was developed at Bar-llan University based on the combination of optics and magnetic particles that can rapidly take saliva test samples of potential COVID-infected patients in just 15 minutes. It consists of two electromagnets that create a strong magnetic field and collect thousands of fluorescent molecules from an entire solution. Then the molecules are aggregated into laser beam, thereby multiplying signal strength by several times.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Surge in development of on-board magnetic sensors through partnership, collaboration, mergers and acquisition of various organizations as well as surge in demand for these sensors for navigational purposes are major factor that fuel the market growth. However, conditions related to changeable, inconsistent magnetic field tends to hamper the on-board magnetic sensors market growth.
On the other hand, BIAS magnetic field sensors such as reed switches, GMR sensors, and Hall devices are used to tune sensitivity and measure range of magnetic sensors created by poles of magnetic films, which is being used for displacement sensing and rotational preference. Rise in demand for these sensors in consumer electronic devices such as laptops, smartphones, cameras, and in electric and hybrid vehicles present ample new pathways to the on-board magnetic sensors industry.
New Product Launches to Flourish the Market
Leading on-board magnetic sensors market players adopt necessary steps to enhance accuracy, overall performance, and wide operating range of on-board magnetic sensorsÂ
In September 2019, Asahi Kasei Microdevices Corp., manufacturer of advanced sensing devices based on compound semiconductor technology, launched AK09940, a general-purpose, digital output, tri-axis magnetic sensor IC. It provides ultra-low noise of 40nT RMS and ultra-low power consumption of 4nA @100Hz. The magnetic sensor is based on tri-axis electronic compass sensing solution, which can increase magnetic 6-DOF position tracking accuracy for wearable devices. AK09940 is used in AR-VR controller devices, magnetic particle testers, and for metal contamination detection that can be detected even if the sensor is hidden behind objects.
Surge in Use in Automotive and Industrial Applications
On-board magnetic sensors allow contactless, wear-free measurement of mechanical quantities in automobiles such as angle of rotation and angular speed. They offer precise angular position measurement up to a wide range of 3600. In addition, these sensors are also used in industrial applications such as current measurement in AC-DC converters, overcurrent fault detection, and battery monitoring.
In May 2020, Murata Manufacturing Co. Ltd. launched the MRMS (Multi Radar Multi Sensor) AMR (Anisotropic Magnet Resistance) sensor that can detect a horizontal magnetic field allowing a single magnet to support various sensing positions. These AMR sensors utilize magnetic resistance change rate, which is affected by external magnetic field strength. It has wider detection area compared to Hall IC along with supply voltage of 1.6 to 3.5V or 3.5 to 5.5V. These design elements offer smaller package size as well as high flexibility and sensitivity.
Market Scope and Structure Analysis:
Report Metric | Details |
 Market size available for years |  2019–2027 |
 Base year considered |  2019 |
 Forecast Period |  2021–2027 |
 Forecast Unit |  Value ($) |
 Segments Covered |  Type, Core Type, Industry Vertical, and Region |
 Region Covered | North America(U.S., Canada, and Mexico), Europe(Germany, UK, France, Russia, and rest of Europe), Asia Pacific(India, Japan, China, and rest of Asia Pacific) and LAMEA(Latin America, Middle East, and Africa) |
 Companies Covered | Asahi Kasei Microdevices Corp., Melexis NV, Murata Manufacturing Co Ltd., Honeywell International Inc., Infineon Technologies AG, Sensitec GmbH, Kohshin Electric, Sanken Electric, TDK Corp. and NXP Semiconductors. |
Â
Key benefits of the stakeholders:
- The study gives an analytical overview of the on-board magnetic sensors market forecast with current trends and future estimations to determine imminent investment pockets.
- The report provides information related to key drivers, restraints, and opportunities along with detailed on-board magnetic sensors market analysis.
- The current on-board magnetic sensors market trends are quantitatively analyzed from 2021 to 2027.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.Â
Key segments covered:
Segments | Subsegments |
 Type |
|
 Magnetic Density |
|
 Application |
|
 Industry Vertical |
|
Â
Questions answered in the on-board magnetic sensors market research report:
- Who are the leading market players active in the on-board magnetic sensors market?
- What would be the detailed impact of COVID-19 on the market?
- What current trends would influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the on-board magnetic sensors market?
- What are the projections for the future that would help in taking further strategic steps?
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through well audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of marketplace
With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develops analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
- Chief executives and VPs of leading corporations specific to industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)
Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
Access from any device, anywhere
Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.
REQUEST TOC/SAMPLE
Purchase Full Report of
On-board Magnetic Sensors Market
- Online Only
-
$3,456$3,110 - Online cloud access only
- Restricted print, copy, paste & download
- Read only
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Data Pack
-
$3,840$3,456 - Restricted to one authorized user
- One print only
- Available in
Excel - Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Single User
-
$5,769$5,192 - Restricted to one authorized user
- One print only
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Five Users
-
$6,450$5,805 - Limited to five authorized users
- Print upto five copies
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
-
Enterprise
License/PDF -
$8,995$8,096 - Unlimited
within
company/enterprise - Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Library Membership
- $ 699/mo
- Published Content
E-access - Company Profiles
E-access - Newly Added Content Access
- 10 PDF
Downloads - 5 Excel Data
Pack Downloads - 250 Company Profiles PDF Downloads
-
Start reading.
Buy Now
This title and over 12,000+ are available on the Avenue Library. T&C*.
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers
Featured Reports
Get fresh content delivered
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers