Dallas, TX -- (SBWIRE) -- 11/19/2014 -- According to a new market research report on the “Magnetic Field Sensors Market by Type (Hall Effect, Magnetoresistive, SQUID, Others), Technology (Low Field, Earth Field, BIAS Magnetic Field Sensors), Applications (Automotive, Consumer Electronics, Industrial & Infrastructure, Medical, Aerospace & Defense) and Geography - Forecasts & Analysis to 2013 – 2020” the value of the global magnetic field sensor market was worth $1.6 billion in 2013 and is expected to reach up to $2.9 Billion by 2020, at an estimated CAGR of 8.04% from 2014 to 2020.

This report is based on the extensive research study on the world magnetic field sensors market and aims at identifying the entire market and all its sub-segments through extensively detailed classifications, in terms of both - revenue and unit shipments. Within the auto segment, as the consumers demand features that improve safety, handling, stability, performance, comfort, convenience, and other attributes of a vehicle, more number of sensors are being developed to cater to this surging demand. The market is expected to continue to grow as the car manufacturers are finding more ways to integrate sensor-related features in their production vehicles. The report also contains qualitative data on the trends in sensors in “xEV”, along with insights about the global decreasing sales of the magnetic field sensors in the smartphones market.

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There are many approaches towards magnetic sensing, which include Hall effect sensors, AMR magnetic sensors, GMR magnetic sensors, tunnel magnetoresistance sensors, nuclear precession magnetic field sensors, optically pumped magnetic field sensors, fluxgate magnetometer, search coil magnetic field sensors, and SQUID magnetic field sensors. MEMS-based magnetic field sensors can offer small-size solution for magnetic field sensing. Smaller device can be placed closer to the measurement spots, thereby achieving higher spatial resolution. Additionally, MEMS magnetic field sensor does not involve the micro fabrication of magnetic material. Therefore, the cost of the sensor can be largely reduced. Integration of MEMS magnetic field sensor can further reduce the size of the entire magnetic field sensing system.

Browse 109 market data tables and 62 figures spread through 204 pages and in-depth TOC on “Magnetic Field Sensors Market by Type (Hall Effect, Magnetoresistive, SQUID, Others), Technology (Low Field, Earth Field, BIAS Magnetic Field Sensors), Applications (Automotive, Consumer Electronics, Industrial & Infrastructure, Medical, Aerospace & Defense) and Geography - Forecasts & Analysis to 2013 – 2020”

The growth of the magnetic field sensor market is being propelled due to many reasons such as growing automobile productionmarkets, increasing demand in gaming consoles, increasing popularity of electronic compasses, and continuous demand for computer and computing peripherals,. The existing competition within the technologies, inconsistency in the magnetic field strength, and unavailability of a strong aftermarket are acting as the restraints for the market.

The market size of the magnetic field sensor market is expected to grow from the $1.6 billion that it accounted for in 2013 to $2.9 billion by 2020, at an estimated CAGR of 8.04% from 2014 to 2020. The volume of the magnetic sensors is currently estimated to be 5.9 billion units and is expected to rise up to 9.6 billion units at an estimated CAGR of 6.75% from 2014 to 2020.

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In addition to the market size and forecasts, the report analyzes the key trends of the market; sensors distribution in various application segments, such as the application segments that have been extensively covered in the report, which include the automotive, consumer, industrial & infrastructure, medical, and aerospace and defence segments; along with the market drivers, restraints, and opportunities. The report also profiles the 10 key players in the industry. The report draws the competitive landscape of the magnetic field sensor market, providing an in-depth comparative analysis of the technological and marketing strategies that the key players are adopting in order to gain an edge over their competitors.

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