sensors such as giant magneto resistance sensors and tunnel
magneto resistance sensors are gradually gaining visibility and are
expected to be a major driver for this segment.
By applications, the global market has been divided into seven
segments, namely: automotive, consumer electronics, industrial,
energy, power and utilities, robotics, healthcare, aerospace & defense.
The automotive segment was the largest contributor to the market in
2014 and is expected to positively impact the market throughout the
forecast period. The extensive usage of magnetic field sensors in
several applications in this sector ranging from speedometers to
complex electronic stability control systems, anti lock systems,
infotainment systems, and electric power steering among others is
fuelling the growth of this application area.