The global magnetic field sensors market is primarily driven by factors
such as increase in demand for consumer electronics and appliances
and surge in demand for these sensors in the automotive industry.
Moreover, increasing demand for electronic compasses and gaming
consoles and continuous demand for computers and its peripherals is
positively impacting the growth of the global market. Stringent
government legislation and policies that are encouraging the adoption
of energy efficient appliances is also a major propeller for the industry
growth. Considering these positive factors, the demand for magnetic
field sensors is set to rise during the forecast period from 2015 - 2021.
Based on technology, the global market can be segmented into three
segments, namely, bias field sensor, earth field sensor and low field
sensor technology. Bias magnetic field sensor technology garnered the
maximum revenue in 2014. Magnetic sensors in this category include