Boston, MA -- (SBWIRE) -- 05/24/2017 -- 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.

Technavio's analysts forecast the global magnetic field sensor market to grow at a CAGR of 9.48% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global magnetic field sensor market 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.

Get More Details on this Report and a Full Table of Contents at Global Magnetic Field Sensor Market 2017-2021

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's report, Global Magnetic Field Sensor Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The 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.

Key vendors

-Allegro MicroSystems
-Asahi kasei
-Infineon Technologies
-Micronas Semiconductor Holding

Other prominent vendors

-Analog Devices
-Honeywell Process Solutions
-NXP Semiconductors
-Bosch

Market driver

-Growing adoption of smartphones and tablets worldwide.
-For a full, detailed list, view our report

Market challenge

-Background noise affecting efficient performance.
-For a full, detailed list, view our report

Market trend

-Improved size and cost-effectiveness of magnetic field sensors.
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2021 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Allegro MicroSystems, Asahi Kasei, Infineon Technologies, Micronas Semiconductor Holding, Analog Devices, Honeywell Process Solutions, NXP Semiconductors, Bosch

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