The New Chapter: Navigating Maternity Leave in the Electronics Industry
American Made Advocacy: There's No Substitute for American-made Microelectronics
It’s Only Common Sense: When Will Big Companies Start Paying Their Bills on Time?
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:
Suggested Items
2024 Stromberg Student Leader Scholarship Recipient Announced
11/05/2024 | SMTASMTA is pleased to announce Waad Tarman, Auburn University, has been selected as the recipient of the 2024 JoAnn Stromberg Student Leader Scholarship.
CCI Eurolam Announces Strategic Relocation to New Production Facility in Germany
11/05/2024 | CCI EUROLAMCCI Eurolam Group, a leading supplier to the European electronics industry, is pleased to announce its upcoming relocation of the site in Germany from the historical industrial park in Düren-Birkesdorf to a new, modern state of the art production facility in the Industrial Area Rurbenden in Düren.
The New Chapter: Navigating Maternity Leave in the Electronics Industry
11/05/2024 | Hannah Grace & Paige Fiet -- Column: The New ChapterAs my husband and I prepare to welcome our first child next month, we are navigating what maternity leave means in the electronics field. Although the field is high-tech and fast-paced, maternity leave remains an often-underestimated issue. Policies and practices that support working parents must also change to keep the electronics field a relevant, supportive, and inclusive work environment.
American Made Advocacy: There's No Substitute for American-made Microelectronics
11/04/2024 | Shane Whiteside -- Column: American Made AdvocacyThe COVID pandemic put a spotlight on the fragility of the global supply chain. Disruption has become the new normal. Companies now see that one political decision or other interruption in Asia could bring the electronics industry to its knees. With 90% of the world’s PCBs and almost all IC substrates made in Asia, the current state of the electronics supply chain continues to present significant risk to the U.S. market.
Altus Sees Growing Interest for Laser Depanelling Solutions
11/04/2024 | Altus GroupAltus Group, a leading distributor of capital equipment in the UK and Ireland, has seen an increasing interest in laser depaneling systems from LPKF in 2024.