According to analysts at Persistence Market Research (PMR), the magnetic-field sensor market is likely to show significant growth from now through 2020. They find North America has the largest market for magnetic field sensor technology, followed by Europe and Asia Pacific. The U.S. and Japan are the two major markets for magnetic field sensing technology. Asia Pacific region is expected to witness highest growth in forecasted period owing to increasing domestic automotive demand in the emerging markets of India and China.
The PMR report says, owing to growth in automotive industry which may increase demand for magnetic field sensor technology, multinational companies have started investing in the emerging markets of Asia Pacific. Some of the major companies operating in the global magnetic field sensor technology are Allegro MicroSystems Inc., Asahi Kasei Microdevices Corporation, Melexis Microelectronic Systems, NXP Semiconductors, Infineon, Honeywell International, Robert Bosch GmbH and MEMSIC Inc.
Key points covered in the report: Report segments the market based on types, application, products, technology, etc. (as applicable). The report covers geographic segmentation- North America, Europe, Asia, RoW. For more details, get a sample of the report.