|By Business Wire||
|February 27, 2014 07:04 AM EST||
Research and Markets (http://www.researchandmarkets.com/research/dsmv4v/global_magnetic) has announced the addition of the "Global Magnetic Sensors Market 2014-2018" report to their offering.
The Global Magnetic Sensors market to grow at a CAGR of 7% over the period 2013-2018.
One of the major trends in this market is the miniaturization of magnetic sensors due to their increasing usage in electronic appliances. The size of magnetic sensors has decreased significantly due to advancements in technology, resulting in their use in a greater variety of applications. Since the inception of the giant magnetoresistive type of magnetic sensor, magnetic sensors have further decreased in size. Moreover, the precision and range of sensors has increased considerably. These new sensors are being used in smaller and high-precision products, thereby reducing the weight of the end products while increasing accuracy. As an example, mobile phone manufacturers require low-weight components, hence the availability of low-weight magnetic sensors is proving to be beneficial for these manufacturers
One of the major drivers in this market is the increasing usage of magnetic sensors in automotive and electronic compasses. The Automotive and Electronics industries are the largest end-users of magnetic sensors. Magnetic sensors provide safety as they are used in power trains, air bags, air pressure controls, and fuel systems. The increasing demand for smartphones and tablets also has a positive impact on the market.
Further, the report states that one of the major challenges in the market is the increasing cost of automotive systems. The increasing cost of automotive systems, raw materials, and commodity products is making it difficult for automobile manufacturers to keep their product prices low. Hence, automotive manufacturers are looking for low-cost solutions as an alternative to magnetic sensors.
Key vendors dominating this space are:
- Allegro MicroSystems Inc.
- Asahi Kasei Corp.
- Infineon Technologies AG
- Micronas Semiconductor Holding AG.
Other vendors mentioned in the report are:
- Melexis Microelectronic Systems
- NXP Semiconductors N.V.
- MEMSIC Inc.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Market Segmentation by Technology
08. Market Segmentation by End-users
09. Geographical Segmentation
10. Key Leading Countries
11. Buying Criteria
12. Market Growth Drivers
13. Drivers and their Impact
14. Market Challenges
15. Impact of Drivers and Challenges
16. Market Trends
17. Trends and their Impact
18. Vendor Landscape
19. Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/dsmv4v/global_magnetic