Driving Innovation: Mechanical and Optical Processes During Rigid-flex Production
It’s Only Common Sense: Your Biggest Competitor Is Complacency
The Chemical Connection: Onshoring PCB Production—Daunting but Certainly Possible
Global Magnetic Field Sensor Market to Top $7.5 Billion by 2026
October 7, 2019 | Business WireEstimated reading time: 1 minute
The Global Magnetic Field Sensor market accounted for $3.00 million in 2017 and is expected to reach $7.55 million by 2026 growing at a CAGR of 10.7%.
Factors such as growth in automotive industry and endless growth in consumer electronics segment are driving the market. However, falling average selling prices (asps) of semiconductors and sensors is hampering the Magnetic Field Sensor market.
Magnetic field sensor is a device used to contemplate the magnetic field around the loop, electrical device and around changeless magnets. Magnetic field sensors comprise of pivoting sensor tip which estimates both transverse and longitudinal attractive fields around the items. The magnetic sensor utilizes "Hall Effect" (produces voltage difference across an electrical conductor, transverse to electric current) transducer that estimates the vector component of the magnetic field close to the sensor tip.
Based on end user, the consumer electronics industry is going to have a lucrative growth in the development stage and is relied to witness demand in the coming years due to the new applications, such as motion gaming and navigation being presented in gadgets, such as cellphones. The presentation of new innovations will expand the development period of the attractive field sensor market. Magnetic sensors additionally assume a significant job in giving critical directional information to drones. Subsequently, there is gigantic development potential for magnetic sensors in consumer drone applications.
By geography, magnetic field sensors have a developing interest in the Asia Pacific region owing to the expanding focal point of the region automotive, consumer electronics, and healthcare sectors. China is the automotive and consumer electronics manufacturing nation. Hence, the quickest development in APAC will be found in China for the most part because of the applications, such as ABS technology and central locking systems wherein magnetic field sensors are to a great extent utilized.
Share on:
Testimonial
"Advertising in PCB007 Magazine has been a great way to showcase our bare board testers to the right audience. The I-Connect007 team makes the process smooth and professional. We’re proud to be featured in such a trusted publication."
Klaus Koziol - atgSuggested Items
Real Time with... SMTAI 2025: Exploring Career Opportunities in Electronics Manufacturing with The Training Connection
10/29/2025 | Real Time with...SMTAIMarcy LaRont introduces William Graver, a senior technologist with a rich background in electronics. William discusses the critical role of training in the industry, noting the high demand for skilled workers. He clarifies the difference between certification and practical training, emphasizing the need for hands-on experience. William encourages young people to explore careers in electronics manufacturing.
Rehm Thermal Systems Opens Its Own Subsidiary in India
10/28/2025 | Rehm Thermal SystemsRehm Thermal Systems has officially opened its new subsidiary, Rehm Thermal Systems India, in Bengaluru. With this new location, the company moves closer to electronics manufacturers in India to better tap market potential, shorten service routes, and provide direct on-site process consulting.
Laurette T. Koellner Rejoins Celestica’s Board of Directors
10/28/2025 | Celestica Inc.Celestica Inc., a global leader in data center infrastructure and advanced technology solutions, announced that Laurette T. Koellner has rejoined its Board of Directors.
Mapping the EV Landscape: Markets, Platforms, and Powertrains
10/28/2025 | Stanton Rak, SF Rak Companye-Mobility is the defining transformation of 21st-century transportation. As legacy OEMs, startups, and governments race to electrify vehicle fleets, the landscape of e-Mobility is expanding into previously unimaginable territory. But with innovation comes complexity, and with complexity, a need for systems that are not only high-performing but also reliably engineered for the long haul. Understanding the diversity and scale of the EV marketplace is essential to grasping the reliability challenges ahead.
China Plus One: Vietnam and Thailand Manufacturing Solutions
10/28/2025 | Marcy LaRont, PCB007 MagazineU.S. electronics manufacturing companies are weighing the “China Plus One” solution as they strategize how best to mitigate the ever-increasing pressures and costs of manufacturing in China. Several global markets, particularly Thailand and Vietnam, are seeing significant growth in their sectors. This article breaks down the pros and cons of each market, including a look at U.S. tariffs and how each country is addressing a significant skilled labor gap to support their electronics manufacturing goals.