The Right Approach: Get Ready for ISO 9001 Version 6
Dan’s Biz Bookshelf: ‘Still Broke: Walmart’s Remarkable Transformation'
Driving Innovation: Depth Routing Processes—Achieving Unparalleled Precision in Complex PCBs
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
"In a year when every marketing dollar mattered, I chose to keep I-Connect007 in our 2025 plan. Their commitment to high-quality, insightful content aligns with Koh Young’s values and helps readers navigate a changing industry. "
Brent Fischthal - Koh YoungSuggested Items
Smartphone Production Rises 4% QoQ in 2Q25 as Inventory Adjustment Ends
09/12/2025 | TrendForceTrendForce’s latest investigations reveal that global smartphone production reached 300 million units in 2Q25, up 4% QoQ and 4.8% YoY, driven by seasonal demand and the recovery of brands such as Oppo and Transsion following inventory adjustments.
I-Connect007 Editor’s Choice: Five Must-Reads for the Week
09/12/2025 | Marcy LaRont, I-Connect007We may be post-Labor Day, but it is still hot-hot-hot here in the great state of Arizona—much like our news cycles, which have continued to snap, crackle, and pop with eye-raising headlines over this past week. In broader global tech news this week, AI and tariff-type restrictions continues to dominate with NVIDIA raising its voice against U.S. lawmakers pushing chip restrictions, ASML investing in a Dutch AI start-up company to the tune of $1.5 billion, and the UAE joining the ranks of the U.S. and China in embracing “open source” with their technology in hopes of accelerating their AI position.
Delta Electronics Posts 26.7% Growth in Sales Revenues for August
09/12/2025 | Delta ElectronicsDelta Electronics, Inc. announced its consolidated sales revenues for August 2025 totaled NT$47,860 million, a 26.7 percent increase as compared to NT$37,770 million for August 2024 and a 5.4 percent increase as compared to NT$45,397 million for July 2025.
Flex Named to TIME's World's Best Companies List for Third Consecutive Year
09/12/2025 | FlexFlex announced its inclusion on the TIME World's Best Companies 2025 list. This marks the third consecutive year the company was included in this prestigious ranking, which recognizes top-performing companies across the globe.
Direct Imaging System Market Size to Hit $4.30B by 2032, Driven by Increasing Demand for High-Precision PCB Manufacturing
09/11/2025 | Globe NewswireAccording to the SNS Insider, “The Direct Imaging System Market size was valued at $2.21 Billion in 2024 and is projected to reach $4.30 Billion by 2032, growing at a CAGR of 8.68% during 2025-2032.”