Magnetoresistance Sensor Market Highlights:
The magnetoresistance sensor market 2020 is likely to gain traction. The product offers certain characteristics that are expected to boost its demand over the years. Some of these characteristics are temperature stability, affordability, and robustness. In an observation offered by Market Research Future (MRFR), the global magnetoresistance sensor market is projected to augment at 7.7% CAGR across the assessment period 2019 to 2024. This observation also reveals that the magnetoresistance sensor market size is poised to reach USD 3,149.5 Mn mark by 2024, rising from USD 2,021.9 Mn in 2018.
Technological advancements in the production of the product are likely to pave the way for the growth of the Magnetoresistance Sensor Market. It is poised to increase the sales of the product in the foreseeable future. The use of these sensors make facilitate reduction of manufacturing cost. It is expected to drive the augmentation of the magnetoresistance sensor market in the upcoming years. The product is supposed to find applications across different industry verticals such as consumer electronics, automotive, healthcare, etc. Increasing demand from the automotive industry is poised to accelerate revenue growth in the magnetoresistance sensor market in the coming years. The focus on electrification of the automobiles is poised to influence market growth positively.
The magnetoresistance sensor market is likely to benefit from the growing demand for flexible electronics. Increasing growth rate of the electrical & electronics industry is anticipated to revolutionize the growth pattern of the magnetoresistance sensor market. Also, the low power requirements of these sensors are expected to further boost demand in the years to come. However, the complex procedure of the manufacturing of these sensors can restrict market growth in the nearby future.
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AMS (Austria), TE Connectivity (Switzerland), Murata (Japan), Asahi Kasei Micro Devices Corporation (Japan), Analog Devices (US), Honeywell International Inc. (US), NXP Semiconductor N.V.(Netherlands), Memsic Inc. (US), Infineon Technologies AG (Germany), and Robert Bosch GmbH (Germany) are few of the major participants of the magnetoresistance sensor market. Other players holding key shares in the global market are Diodes Incorporated (US), Panasonic (Japan), Magnachip Semiconductor (South Korea), Allegro Microsystems Inc. (US), Melexix NV (Belgium), Micronas Semiconductor Holdings AG (Switzerland), and Sanken Electric Co., Ltd (Japan).
- On the basis of type, the magnetoresistance sensor market has been segmented into thin-film magnetoresistance sensors, giant magnetoresistance sensor, tunnel magnetoresistance sensor, anisotropic magnetoresistance sensor, and others.
- Based on application, the segments of the magnetoresistance sensor market are magnetic field measurement, thin-film solar cells, biomolecular detection, magnetic storage, three-dimensional measurement, transistors, and others.
- On the basis of end-user, the magnetoresistance sensor market has been segmented into aerospace and defense, consumer electronics, healthcare, biotechnology, automotive, and others.
The geographical evaluation of the global magnetoresistance sensor market is covered in this analysis and it spans across – North America, the Middle East and Africa (MEA), Asia-Pacific, Europe, and Central and South America. These regional segments are assessed on the basis of countries to present an in-depth information.
North America is supposed to account for a substantial market share due to the availability of advancing technologies. Countries such as the U.S., Canada, etc. have reached an advanced level in terms of technological developments. This is assumed to drive the growth of the magnetoresistance sensor market in the region across the review period. In Europe, similar trends are projected to be witnessed. The U.K. and Germany are supposed to be the dominating country-level markets. Asia Pacific is likely to capitalize on the growing demand for consumer electronics. Increasing demand for cost-efficient flexible electronics is presumed to accelerate revenue growth of the regional magnetoresistance sensor market.
Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.3 Research objectives
2.4 Markets Structure
3 Research Methodology
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of Substitutes
4.1.4 Intensity of Rivalry
4.1.5 Bargaining Power of Suppliers
4.2 Value Chain/Supply Chain of Global Magnetoresistance Sensor Market
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List of Tables
Table 1 Global Magnetoresistance Sensor Market, By Type, 2019–2024
Table 2 Global Magnetoresistance Sensor Market, By Application, 2019–2024
Table 3 Global Magnetoresistance Sensor Market, By End User, 2019–2024
List of Figures
Figure 1 Global Magnetoresistance Sensor Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis of The Global Magnetoresistance Sensor Market
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