On-Board Magnetic Sensor Market Analysis, Development, and Forecast by 2031

MARKET INTRODUCTION

Magnetic sensors are capable of detecting and measuring magnetic fields and converting it into electrical signal. Magnetic sensors are widely used in proximity switching, positioning, speed detection, and current sensing applications. The demand for on-board magnetic sensors is expected to grow significantly in the industrial segment owing to the wide range of application in control systems and automation equipment. The on-board magnetic sensor market is highly fragmented with the presence of a large number of well-established players as well as emerging players operating in the market.

MARKET DYNAMICS

Increasing demand for on-board magnetic sensors in consumer electronics industry, increasing applications of on-board magnetic sensors in navigation are the major factors that are expected to drive the growth of the on-board magnetic sensor market. APAC holds a significant share of on-board magnetic sensors market owing to the growing consumer electronics industry and a strong industrial sector in the region. Companies operating in the market are taking various initiatives such as mergers and acquisitions, partnerships and product launch to strengthen their global reach.

MARKET SCOPE

The "Global On-board Magnetic Sensor Market Analysis to 2031" is a specialized and in-depth study of the on-board magnetic sensor industry with a special focus on the global market trend analysis. The report aims to provide an overview of on-board magnetic sensor market with detailed market segmentation by type, magnetic density, industry vertical and geography. The global on-board magnetic sensor market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading on-board magnetic sensor market players and offers key trends and opportunities in the on-board magnetic sensor market.

MARKET SEGMENTATION

The global on-board magnetic sensor market is segmented on the basis of type, magnetic density, and industry vertical. On the basis of type the market is segmented as Hall Effect sensors, magnetoresistive sensors, squid sensors, and others. On the basis of magnetic density, the market is segmented as low-field sensors, earth field sensors, and bias magnetic field sensors. Based on industry vertical, the market is segmented as automotive, consumer electronics, healthcare, aerospace and defense, industrial, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global on-board magnetic sensor market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The On-board magnetic sensor market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting on-board magnetic sensor market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the on-board magnetic sensor market in these regions.

MARKET PLAYERS

The reports cover key developments in the on-board magnetic sensor market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from on-board magnetic sensor market are anticipated to lucrative growth opportunities in the future with the rising demand for on-board magnetic sensor in the global market. Below mentioned is the list of few companies engaged in the on-board magnetic sensor market.

The report also includes the profiles of key on-board magnetic sensor companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

- Asahi Kasei Microdevices Corporation.
- Austria Mikro Systeme
- HONEYWELL INTERNATIONAL INC.
- Infineon Technologies AG
- Kohshin Electric
- Melexis NV
- Murata Manufacturing Co., Ltd.
- Sensitec GmbH
- sensoronix.com
- TE Connectivity

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

On-Board Magnetic Sensor Report Scope