Global Growth Prospects of Magnetic Field Sensor Market By 2021 May 2017

Global Magnetic Field Sensor Market 2017-2021
Global Magnetic Field Sensor Market report covers the present scenario and the growth prospects of
the industry for 2017-2021. To calculate the market size, the report presents a detailed picture of the
market by way of study, synthesis, and summation of data from multiple sources. The analysts forecast
global Magnetic Field Sensor Market to grow at a CAGR of 9.48% during the period 2017-2021.
Key vendors
The key players in the Magnetic Field Sensor Market are Allegro MicroSystems, Asahi kasei, Infineon
Technologies, Micronas Semiconductor Holding.
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A sensor is a device that measures or responds to physical changes in the environment and converts
signals accordingly. Sensors that use magnetic fields to sense changes in the environment are known as
magnetic field sensors.
The applications of magnetic sensors mainly include speed sensing, motion sensing, and direction
sensing. These sensors have found applications in different sectors such as automotive, wireless and
consumer electronics, industrial, military, energy, medical, and data processing. The market considered
here comprises of devices that use the application of magnetic field technology. Devices used for
detecting magnetic fields are not considered for this report.
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Other Prominent Vendors
Other Prominent Vendors in the market are Analog Devices, Honeywell Process Solutions, NXP
Semiconductors, Bosch.
Market driver
Growing adoption of smartphones and tablets worldwide.
Market challenge
Background noise affecting efficient performance.
Market trend
Improved size and cost-effectiveness of magnetic field sensors.
The report, Global Magnetic Field Sensor Market 2017-2021, has been prepared based on an in-depth
market analysis with inputs from industry experts. This report covers the market landscape and its
growth prospects over the coming years. The report also includes a discussion of the key vendors
operating in this market.
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sensor-market-2017-2021.html