Magnetic field sensor is a device which is used for studying the field around electrical devices, coils and permanent magnets. These sensors were previously used only for direction finding or navigation by sensing the Earth’s magnetic poles. However, the application of magnetic field sensors have expanded vastly as different industries have adopted a variety of these sensors to detect the direction, presence or strength of not only earth’s magnetic field, but also from magnetized soft magnets, permanent magnets, vehicle disturbances and fields generated from electric currents. Demand for better efficiency and high sensing performance is fuelling the adoption of these sensors in various applications. The global magnetic field sensors market has been segmented on the basis of technology, types, applications and geography. A cross sectional study of the market broadly across four major regions has also been covered under the purview of the study.

1. Magnetic Field Sensors Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2015 - 2021
Published By:
Transparency Market
Research
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2. Report Description
Magnetic field sensor is a device which is used for studying the field around electrical devices, coils and
permanent magnets. These sensors were previously used only for direction finding or navigation by
sensing the Earth’s magnetic poles. However, the application of magnetic field sensors have expanded
vastly as different industries have adopted a variety of these sensors to detect the direction, presence or
strength of not only earth’s magnetic field, but also from magnetized soft magnets, permanent magnets,
vehicle disturbances and fields generated from electric currents. Demand for better efficiency and high
sensing performance is fuelling the adoption of these sensors in various applications. The global magnetic
field sensors market has been segmented on the basis of technology, types, applications and geography.
Many factors, such as surge in demand for these sensors in the automobile industry, increase in demand
for consumer electronics and appliances and growing popularity of electronic compasses are driving the
growth of overall magnetic field sensors market. Stringent government regulations across North America
and Europe are encouraging the widespread adoption of energy-efficient and eco-friendly devices.
Magnetic field sensors are one of the core components of these products. Therefore, increasing demand
for power efficient and smarter electronic devices has significantly increased the demand the usage of
these sensors over the last decade.
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3. Scope
North America acquired the largest share of the market in 2014 and was followed by Europe. These two
regions conjointly held more than 70% of the global magnetic sensors market in 2014. The technological
advancements in the field of magnetic sensors are being widely implemented across various industries in
these regions and this is primarily driving the market. In addition, large deployments of smart grids and
smart meters have also been positively impacting the growth of this market. Asia Pacific is projected to be
the fastest growing region during the forecast period.

4. Key Players
Some of the major players in the market are: Infineon Technologies (Germany), Allegro MicroSystems LLC
(Massachusetts), Austria Microsystems AG (Austria), Honeywell International (U.S.), NXP Semiconductors
(Netherlands), Asahi Kasei Co (Japan), Micronas Semiconductors Holdings AG (Switzerland), Melexix NV
(Belgium) and Memsic Inc. (Massachusetts) among others.
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