Exhibiting a 7% CAGR between 2016 and 2022, the magnetic sensor market should reach almost $2.5 billion in 2022. Driven by the automotive applications and the introduction of the magnetoresistive technologies, it is showing a steady growth. The industry is step by step undergoing a consolidation process. According to Yole Développement, future mergers and acquisitions are expected to allow companies to ensure their market positioning and penetrate new market segments.
The “More than More” market research and strategy consulting company, proposes a dedicated technology & market report related to semiconductor magnetic sensors industry:
Magnetic Sensors Market & Technologies.
Magnetic sensors functions included in this new analysis are switches/latches, position (angle/linear), speed, current and electronic compass. With this new report, Yole’s analysts are offering a comprehensive overview of the magnetic technologies such as Hall Effect, magneto resistive (AMR, GMR and TMR) and others, combined with market data and competitive landscape. Based on its strong knowledge of the semiconductor industry and its technical expertise, Yole’s team investigated the magnetic sensor ecosystem, conducted numerous interviews with leading players and gathered lot of strategic information. This report presents the key driving forces and restraints for each magnetic sensor market and provides accurate market forecasts in dollars, units and number of wafers.
Conclusion, magnetic sensors is becoming a key enabling technology for the growing automotive and IoT industries, announces the consulting company.