This market study includes a detailed segmentation of the global MEMS magnetic sensors market by end users (automotive, wireless and communications, military and medical, and security and surveillance). It also provides a comprehensive analysis of the market shares for key geographies, including APAC, Americas, and EMEA. The leading vendors analyzed in this market research are Infineon, Honeywell, Allegro Microsystems, and Bosch.
Technavio’s market research analysts estimate the global MEMS magnetic sensors market, to grow at a CAGR of around 19% between 2016 and 2020. The automotive sector is the largest end-user of MEMS magnetic sensors. The most prominent application of magnetic sensors in automobiles is their use in driver safety systems, which include electronic stability control and airbag safety systems. APAC is the largest market for MEMS magnetic sensors, owing to increased consumption of these magnetic sensors in cars, smartphones, and tablets.
The new market research report from Technavio provides a breakdown and analysis of the MEMS magnetic sensors segments by technology.
“One of the interesting trends in this market is the emerging consumer electronics applications of MEMS magnetic sensors. MEMS magnetic sensors provide solutions based on current sensing, position sensing, angular sensing, and switching. Therefore, these sensors are gaining traction in various consumer applications like cameras, flat panels, printers, and scanners. Furthermore, the introduction of technologies such as gesture recognition and controls used in smartphones and gaming consoles will enhance the prospects for growth in this market until 2020,” says Asif Ghani, Lead Analyst, Hardware & Semiconductor, Technavio Research
The automotive segment dominates the global MEMS magnetic sensors market, accounting for 51% of the overall market share. These sensors will replace all magnetic sensors in this sector, including vehicle powertrain, fuel systems, safety systems, and driver support systems. Market growth in the automotive industry mostly depends on the light commercial vehicle (LCV) market.
The major players in the global MEMS magnetic sensors market are Infineon, Honeywell, Allegro Microsystems, and Bosch. The market is highly fragmented owing to the presence of numerous large and small providers. In this market, many OEMs are looking to save space by incorporating miniature components. This growing demand for miniature components will result in the entry of new market vendors, which in turn will further enhance the level of competition until 2020.
A more detailed analysis is available in the Technavio report, Global MEMS Magnetic Sensors Market 2016-2020.
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