Overview:

According to Market Research Future, the market for on-board magnetic sensor is segmented on the basis of type, magnetic density, application, vertical, and region.

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Some of the prominent trends that the market is witnessing include the adoption of on-board magnetic sensors for IoT connected devices and the increasing demand for on-board magnetic sensors in hybrid and electric vehicles. Also, rapid developments in magnetic sensors are supporting their adoption in the growing automotive and IoT industries. Moreover, advances in vehicle technology, increasing electrification, and growing demand for smart consumer electronics are some of the major factors that are fueling the growth of on-board magnetic sensor market.

Segmentation:

The global on-board magnetic sensor market has been segmented based on type, magnetic density, application, and vertical.

By type, the on-board magnetic sensor market has been segmented into hall effect sensors, magneto resistive sensors, squid sensors, and others.

By magnetic density, the on-board magnetic sensor market has been segmented into >10 gauss (bias magnetic field sensors), 1 microgauss to 10 gauss (earth field sensors), <1 microgauss (low-field sensors), and.

By application, the on-board magnetic sensor market has been segmented into speed sensing, detection/NDT, position sensing and navigation & electronic compass.

By vertical, the On-Board Magnetic Sensor Market has been segmented into automotive, consumer electronics, healthcare, aerospace & defense, industrial and others.

Regional Analysis:

Region-wise, the on-board magnetic sensor market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).

The APAC is the principal market for on-board magnetic sensors. The market is thriving in the region due to persistent demand from end-use industries such as automotive, healthcare, and consumer electronics in the region. Due to a rise in disposable income in the region, the demand for consumer electronic devices such as laptops, cameras, and smartphones have witnessed a surge which is fueling the growth of the market. The APAC on-board magnetic sensors market is anticipated to be the fastest growing market over the forecast period. Europe is expected to capture the second largest share of the market and is likely to be driven by growing demand from the automotive industry.

Key Players:

The prominent players in the on-board magnetic sensor market are Asahi Kasei Microdevices (Japan), Sanken Electric (Allegro Subsidiary) (Japan), Infineon Technologies (Germany), TDK Corporation (Japan), Melexis NV (Belgium), Murata Manufacturing (Japan), Honeywell International (US), TE Connectivity (Switzerland), AMS (Austria), and NXP Semiconductors N.V. (Netherlands) among others.

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