Magnetic Sensors Market Size, Emerging Trends and Outlook to 2022: Hexa Reports

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Magnetic Sensors Market Analysis, Share and Size,

Emerging Trends, Overview and Outlook, Growth And

Segment Forecasts To 2022

The global magnetic sensors market size is expected to reach USD 3.65 billion by 2022 according to a

new report by Grand View Research, Inc.

Technological advancements and an increased awareness regarding vehicle safety are anticipated to

drive the global magnetic sensors market growth over the forecast period. Escalating demand for GPS &

navigation enabled smartphones and wearable devices is expected to further incite industry growth.

Browse Detail Report With TOC @ http://hexareports.com/report/magnetic-sensors-market/details

Magnetic sensing devices are used for detecting and measuring magnetic fields. These sensors assist in

wear-free measurement of angular speed and angle of rotation with contactless operation. They are

widely used in consumer electronic devices such as smartphones and wearable devices for position

sensing, switching, current sensing, and angular sensing. In addition, they are used in white goods and

heavy consumer durables such as air conditioners and refrigerators.

However, intense competition and a gradual decline in the average selling price have left the industry

unattractive for vendors, thereby challenging market growth.

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Further key findings from the report suggest:

Magnetic sensors used across various industry verticals are based on different sensing technologies such

as Hall Effect, Anisotropic Magnetoresistance (AMR), Giant Magnetoresistance (GMR), and others such

as Tunneling Magnetoresistance (TMR) and Superconducting Quantum Interface Device (SQUID). Hall

Effect based sensing module segment dominates the industry accounting for over 55% of the market

share in 2014. They are extensively used in various automotive safety systems including Anti-lock

Braking Systems (ABS)...