On-Board Magnetic Sensor Market Research Report – Forecast to 2023

Global On-Board Magnetic Sensor Market Research Report, by Type (hall effect sensor, magneto resistive sensor), Magnetic Density (<1 microgauss, 1 microgauss to 10 gauss, >10 gauss), Application (Speed Sensing, Detection/Ndt), Vertical (Automotive, Consumer Electronics) — Forecast till 2023

ID: MRFR/SEM/4955-HCR | February 2021 | Region: Global | 100 pages

Market synopsis


Global on-board magnetic sensor market is expected to grow from USD 1.11 billion in 2017 to USD 1.80 billion by 2023, at a compound annual growth rate (CAGR) of 8.4% during the forecast period. Some of the major factors driving the on-board magnetic sensor market are continuous growth in the use of on-board magnetic sensors in consumer electronic devices and the role of on-board magnetic sensors in navigation. However, inconsistent strength of magnetic field is one the major restraints for the growth of on-board magnetic sensor market. On-board magnetic sensors in the hybrid & electric vehicles and increasing adoption of on-board magnetic sensors in IoT devices can create a number of market opportunities in the forecast period. The most significant challenge for on-board magnetic sensor market is product differentiation and innovation to meet end-user requirement. Key players such as Asahi Kasei Microdevices, Infineon Technologies, TDK Corporation are continuously focusing on expanding their product portfolio and come up with new and advanced versions in order to expand their geographic reach and broaden their customer base.


Magnetic sensor is a transducer that detects and measures magnetic field and converts it into an electric signal. Magnetic sensors are used for proximity switching, speed detection, positioning and current sensing applications. As the number of sensor suppliers are increasing, the competition among them is also increasing considerably, which leads to reduction in average selling prices of sensors. Thus, reduction in price of sensors is estimated to continue in forecast period, thereby widening the range of applications of magnetic sensors. Onboard magnetic sensor market study aims at estimating the market size and future growth potential of the market across different segments such as type, magnetic density, application, vertical and region.


On-Board Magnetic Sensor Market


On-Board Magnetic Sensor Market


Source: MRFR Analysis


Segmentation


On-board magnetic sensor market is segmented on the basis of type, magnetic density, application, vertical and region.


By type, the market is segmented into hall effect sensors, magneto resistive sensors, squid sensors, and others.


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


By application, the market is segmented into speed sensing, detection/NDT, position sensing and navigation & electronic compass.


By vertical, the market is segmented into automotive, consumer electronics, healthcare, aerospace & defense, industrial and others.


By region, the market is segmented into North America, Europe, Asia-Pacific and the rest of the world.


Regional analysis


The global market for on-board magnetic sensor is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of on-board magnetic sensor market is done for North America, Europe, Asia-Pacific, and the rest of the world.


Asia-Pacific followed by Europe is dominating the on-board magnetic sensor market owing to their increasing demand from the automotive, consumer electronics, and healthcare industries in this region. Also, it is estimated that Asia-Pacific will be the fastest growing region as the demand for magnetic sensors for use in measuring rotational speed, linear position, and speed in industrial and consumer electronics is increasingly gaining pace.


Competitive Analysis


The on-board magnetic sensor market has witnessed the trend of new product development across the world. Many key players have adopted new product development as their chief organic strategy to gain significant market share in the market. Product development accounted for a significant percentage of the total business growth strategy in the years 2016 and 2017. XX% of the total company developments were a part of partnership & collaboration whereas, merger & acquisition accounted for XX% of the total strategic developments adopted by the key players in the market.


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.


Intended Audience



  • Magnetic sensor manufacturers

  • Automotive and consumer electronics companies

  • Semiconductor component suppliers

  • Magnetic sensor distributors, sales firms

  • Electronic system assemblers

  • Technology solution providers, design contractors

  • Electronics and semiconductor companies

  • Magnetic sensor material suppliers

  • Technology standards organizations, forums, alliances, and associations

  • Universities and research organizations

  • Government bodies



Frequently Asked Questions (FAQ) :


The segments of type, application, magnetic density, vertical, and region are expected to lend a better understanding of the market.

The lead in the market is expected to be gained by the AAPC region due to the contribution of consumer electronics, automotive, and healthcare.

Melexis NV (Belgium), TDK Corporation (Japan), Honeywell International (US), TE Connectivity (Switzerland), Murata Manufacturing (Japan), and AMS (Austria) are the competitors in the market.

An income of USD 1.8 billion is projected to be gained by the market in the future.

Among all the factors, the growing adoption of on-board magnetic sensors in IoT devices is estimated to drive the market ahead in the coming years.

Table of Contents

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

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 Segment rivalry

4.2 Value Chain/Supply Chain of Global On-Board Magnetic Sensor Market

5 Industry Overview of Global On-Board Magnetic Sensor Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7 Global On-Board Magnetic Sensor Market by Type

7.1 Introduction

7.2 Hall Effect Sensors

7.2.1 Market Estimates & Forecast, 2018–2023

7.2.2 Market Estimates & Forecast by Region, 2018–2023

7.3 Magneto Resistive Sensors

7.3.1 Market Estimates & Forecast, 2018–2023

7.3.2 Market Estimates & Forecast by Region, 2018–2023

7.4 Squid Sensors

7.4.1 Market Estimates & Forecast, 2018–2023

7.4.2 Market Estimates & Forecast by Region, 2018–2023

7.5 Others

7.5.1 Market Estimates & Forecast, 2018–2023

7.5.2 Market Estimates & Forecast by Region, 2018–2023

8 Global On-Board Magnetic Sensor Market by Magnetic Density

8.1 Introduction

8.2 <1 Microgauss (Low-Field Sensors)

8.2.1 Market Estimates & Forecast, 2018–2023

8.2.2 Market Estimates & Forecast, by Region, 2018–2023

8.3 1 Microgauss To 10 Gauss (Earth Field Sensors)

8.3.1 Market Estimates & Forecast, 2018–2023

8.3.2 Market Estimates & Forecast, by Region, 2018–2023

8.4 >10 Gauss (Bias Magnetic Field Sensors)

8.4.1 Market Estimates & Forecast, 2018–2023

8.4.2 Market Estimates & Forecast, by Region, 2018–2023

9 Global On-Board Magnetic Sensor Market by Application

9.1 Introduction

9.2 Speed Sensing

9.2.1 Market Estimates & Forecast, 2018–2023

9.2.2 Market Estimates & Forecast, by Region, 2018–2023

9.3 Detection/NDT

9.3.1 Market Estimates & Forecast, 2018–2023

9.3.2 Market Estimates & Forecast, by Region, 2018–2023

9.4 Position Sensing

9.4.1 Market Estimates & Forecast, 2018–2023

9.4.2 Market Estimates & Forecast, by Region, 2018–2023

9.5 Navigation & Electronic Compass

9.5.1 Market Estimates & Forecast, 2018–2023

9.5.2 Market Estimates & Forecast, by Region, 2018–2023

10 Global On-Board Magnetic Sensor Market by Vertical

10.1 Introduction

10.2 Automotive

10.2.1 Market Estimates & Forecast, 2018–2023

10.2.2 Market Estimates & Forecast, by Region, 2018–2023

10.3 Consumer Electronics

10.3.1 Market Estimates & Forecast, 2018–2023

10.3.2 Market Estimates & Forecast, by Region, 2018–2023

10.4 Healthcare

10.4.1 Market Estimates & Forecast, 2018–2023

10.4.2 Market Estimates & Forecast, by Region, 2018–2023

10.5 Aerospace & Defense

10.5.1 Market Estimates & Forecast, 2018–2023

10.5.2 Market Estimates & Forecast, by Region, 2018–2023

10.6 Industrial

10.6.1 Market Estimates & Forecast, 2018–2023

10.6.2 Market Estimates & Forecast, by Region, 2018–2023

10.7 Others

10.7.1 Market Estimates & Forecast, 2018–2023

10.7.2 Market Estimates & Forecast, by Region, 2018–2023

11. Global On-Board Magnetic Sensor Market by Region

11.1 Introduction

11.2 North America

11.2.1 Market Estimates & Forecast, by Country, 2018–2023

11.2.2 Market Estimates & Forecast, by Type, 2018–2023

11.2.3 Market Estimates & Forecast, by Magnetic Density, 2018–2023

11.2.4 Market Estimates & Forecast, by Vertical, 2018–2023

11.2.5 Market Estimates & Forecast, by Application, 2018–2023

11.2.6 US

11.2.6.1 Market Estimates & Forecast, by Type, 2018–2023

11.2.6.2 Market Estimates & Forecast, by Magnetic Density, 2018–2023

11.2.6.3 Market Estimates & Forecast, by Vertical, 2018–2023

11.2.6.4 Market Estimates & Forecast, by Application, 2018–2023

11.2.7 Canada

11.2.7.1 Market Estimates & Forecast, by Type, 2018–2023

11.2.7.2 Market Estimates & Forecast, by Magnetic Density, 2018–2023

11.2.7.3 Market Estimates & Forecast, by Vertical, 2018–2023

11.2.7.4 Market Estimates & Forecast, by Application, 2018–2023

11.2.8 Mexico

11.2.8.1 Market Estimates & Forecast, by Type, 2018–2023

11.2.8.2 Market Estimates & Forecast, by Magnetic Density, 2018–2023

11.2.8.3 Market Estimates & Forecast, by Vertical, 2018–2023

11.2.8.4 Market Estimates & Forecast, by Application, 2018–2023

11.3 Europe

11.3.1 Market Estimates & Forecast, Country, 2018–2023

11.3.2 Market Estimates & Forecast, by Type, 2018–2023

11.3.3 Market Estimates & Forecast, by Magnetic Density, 2018–2023

11.3.4 Market Estimates & Forecast, by Vertical, 2018–2023

11.3.5 Market Estimates & Forecast, by Application, 2018–2023

11.3.6 Germany

11.3.6.1 Market Estimates & Forecast, by Type, 2018–2023

11.3.6.2 Market Estimates & Forecast, by Magnetic Density, 2018–2023

11.3.6.3 Market Estimates & Forecast, by Vertical, 2018–2023

11.3.6.4 Market Estimates & Forecast, by Application, 2018–2023

11.3.7 France

11.3.7.1 Market Estimates & Forecast, 2018–2023

11.3.7.2 Market Estimates & Forecast, by Type, 2018–2023

11.3.7.3 Market Estimates & Forecast, by Magnetic Density, 2018–2023

11.3.7.4 Market Estimates & Forecast, by Vertical, 2018–2023

11.3.7.4 Market Estimates & Forecast, by Application, 2018–2023

11.3.8 Italy

11.3.8.1 Market Estimates & Forecast, by Type, 2018–2023

11.3.8.2 Market Estimates & Forecast, by Magnetic Density, 2018–2023

11.3.8.3 Market Estimates & Forecast, by Vertical, 2018–2023

11.3.8.4 Market Estimates & Forecast, by Application, 2018–2023

11.3.9 Spain

11.3.9.1 Market Estimates & Forecast, by Type, 2018–2023

11.3.9.2 Market Estimates & Forecast, by Magnetic Density 2018–2023

11.3.9.3 Market Estimates & Forecast, by Vertical, 2018–2023

11.3.9.4 Market Estimates & Forecast, by Application, 2018–2023

11.3.10 UK

11.3.10.1 Market Estimates & Forecast, by Type, 2018–2023

11.3.10.2 Market Estimates & Forecast, by Magnetic Density, 2018–2023

11.3.10.3 Market Estimates & Forecast by Vertical, 2018–2023

11.3.10.4 Market Estimates & Forecast, by Application, 2018–2023

11.4 Asia-Pacific

11.4.1 Market Estimates & Forecast, Country, 2018–2023

11.4.2 Market Estimates & Forecast, by Type, 2018–2023

11.4.3 Market Estimates & Forecast, by Magnetic Density, 2018–2023

11.4.4 Market Estimates & Forecast, by Vertical, 2018–2023

11.4.5 Market Estimates & Forecast, by Application, 2018–2023

11.4.6 China

11.4.6.1 Market Estimates & Forecast, by Type, 2018–2023

11.4.6.2 Market Estimates & Forecast, by Magnetic Density, 2018–2023

11.4.6.3 Market Estimates & Forecast, by Vertical, 2018–2023

11.4.6.4 Market Estimates & Forecast, by Application, 2018–2023

11.4.7 India

11.4.7.1 Market Estimates & Forecast, by Type, 2018–2023

11.4.7.2 Market Estimates & Forecast, by Magnetic Density, 2018–2023

11.4.7.3 Market Estimates & Forecast, by Vertical, 2018–2023

11.4.7.4 Market Estimates & Forecast, by Application, 2018–2023

11.4.8 Japan

11.4.8.1 Market Estimates & Forecast, by Type, 2018–2023

11.4.8.2 Market Estimates & Forecast, by Magnetic Density, 2018–2023

11.4.8.3 Market Estimates & Forecast, by Vertical, 2018–2023

11.4.8.4 Market Estimates & Forecast, by Application, 2018–2023

11.4.9 Rest of Asia-Pacific

11.4.9.1 Market Estimates & Forecast, by Type, 2018–2023

11.4.9.2 Market Estimates & Forecast, by Magnetic Density, 2018–2023

11.4.9.3 Market Estimates & Forecast, by Vertical, 2018–2023

11.4.9.4 Market Estimates & Forecast, by Application, 2018–2023

11.5 The rest of the world

11.5.1 Market Estimates & Forecast, Country, 2018–2023

11.5.2 Market Estimates & Forecast, by Type, 2018–2023

11.5.3 Market Estimates & Forecast, by Magnetic Density, 2018–2023

11.5.4 Market Estimates & Forecast, by Vertical, 2018–2023

11.5.5 Market Estimates & Forecast, by Application, 2018–2023

11.5.6 Middle East & Africa

11.5.6.1 Market Estimates & Forecast, by Type, 2018–2023

11.5.6.2 Market Estimates & Forecast, by Magnetic Density, 2018–2023

11.5.6.3 Market Estimates & Forecast, by Vertical, 2018–2023

11.5.6.4 Market Estimates & Forecast, by Application, 2018–2023

11.5.7 Latin America

11.5.7.1 Market Estimates & Forecast, by Type, 2018–2023

11.5.7.2 Market Estimates & Forecast, by Magnetic Density, 2018–2023

11.5.7.3 Market Estimates & Forecast, by Vertical, 2018–2023

11.5.7.4 Market Estimates & Forecast, by Application, 2018–2023

12 Company Landscape

13 Company Profiles

13.1 Asahi Kasei Microdevices

13.1.1 Company Overview

13.1.2 Product/Business Segment Overview

13.1.3 Financial Updates

13.1.4 Key Developments

13.2 Sanken Electric

13.2.1 Company Overview

13.2.2 Product/Business Segment Overview

13.2.3 Financial Updates

13.2.4 Key Developments

13.3 Infineon Technologies

13.3.1 Company Overview

13.3.2 Product/Business Segment Overview

13.3.3 Financial Updates

13.3.4 Key Developments

13.4 TDK Corporation

13.4.1 Company Overview

13.4.2 Product/Business Segment Overview

13.4.3 Financial Updates

13.4.4 Key Developments

13.5 Melexis NV

13.5.1 Company Overview

13.5.2 Product/Business Segment Overview

13.5.3 Financial Updates

13.5.4 Key Developments

13.6 Murata Manufacturing

13.6.1 Company Overview

13.6.2 Product/Business Segment Overview

13.6.3 Financial Updates

13.6.4 Key Developments

13.7 Honeywell International

13.7.1 Company Overview

13.7.2 Product/Business Segment Overview

13.7.3 Financial Updates

13.7.4 Key Developments

13.8 TE Connectivity

13.8.1 Company Overview

13.8.2 Product/Business Segment Overview

13.8.3 Financial Updates

13.8.4 Key Developments

13.9 AMS

13.9.1 Company Overview

13.9.2 Product/Business Segment Overview

13.9.3 Financial Updates

13.9.4 Key Developments

13.10 NXP Semiconductors N.V.

13.10.1 Company Overview

13.10.2 Product/Business Segment Overview

13.10.3 Financial Updates

13.10.4 Key Developments

14 Conclusion

LIST OF TABLES

Table 1 Global On-Board Magnetic Sensor Market, by Region, 2018–2023

Table 2 North America: On-Board Magnetic Sensor Market, by Country, 2018–2023

Table 3 Europe: On-Board Magnetic Sensor Market, by Country, 2018–2023

Table 4 Asia-Pacific: On-Board Magnetic Sensor Market, by Country, 2018–2023

Table 5 Middle East & Africa: On-Board Magnetic Sensor Market, by Country, 2018–2023

Table 6 Latin America: On-Board Magnetic Sensor Market, by Country, 2018–2023

Table 7 Global On-Board Magnetic Sensor Type Market, by Region, 2018–2023

Table 8 North America: On-Board Magnetic Sensor Type Market, by Country, 2018–2023

Table 9 Europe: On-Board Magnetic Sensor Type Market, by Country, 2018–2023

Table10 Asia-Pacific: On-Board Magnetic Sensor Type Market, by Country, 2018–2023

Table11 Middle East & Africa: On-Board Magnetic Sensor Type Market, by Country, 2018–2023

Table12 Latin America: On-Board Magnetic Sensor Type Market, by Country, 2018–2023

Table13 Global On-Board Magnetic Sensor Magnetic Density Market, by Region, 2018–2023

Table14 North America: On-Board Magnetic Sensor Magnetic Density Market, by Country, 2018–2023

Table15 Europe: On-Board Magnetic Sensor Magnetic Density Market, by Country, 2018–2023

Table16 Asia-Pacific: On-Board Magnetic Sensor Magnetic Density Market, by Country, 2018–2023

Table17 Middle East & Africa: On-Board Magnetic Sensor Magnetic Density Market, by Country, 2018–2023

Table18 Latin America: On-Board Magnetic Sensor Magnetic Density Market, by Country, 2018–2023

Table19 Global On-Board Magnetic Sensor Vertical Market, by Region, 2018–2023

Table20 North America: On-Board Magnetic Sensor Vertical Market, by Country, 2018–2023

Table21 Europe: On-Board Magnetic Sensor Vertical Market, by Country, 2018–2023

Table22 Asia-Pacific: On-Board Magnetic Sensor Vertical Market, by Country, 2018–2023

Table23 Middle East & Africa: On-Board Magnetic Sensor Vertical Market, by Country, 2018–2023

Table24 Latin America: On-Board Magnetic Sensor Vertical Market, by Country, 2018–2023

Table25 Global On-Board Magnetic Sensor Application Market, by Region, 2018–2023

Table26 North America: On-Board Magnetic Sensor Application Market, by Country, 2018–2023

Table27 Europe: On-Board Magnetic Sensor Application Market, by Country, 2018–2023

Table28 Asia-Pacific: On-Board Magnetic Sensor Application Market, by Country, 2018–2023

Table29 Middle East & Africa: On-Board Magnetic Sensor Application Market, by Country, 2018–2023

Table30 Latin America: On-Board Magnetic Sensor Application Market, by Country, 2018–2023

Table31 Asia-Pacific: On-Board Magnetic Sensor Market, by Country

Table32 Asia-Pacific: On-Board Magnetic Sensor Market, by Type

Table33 Asia-Pacific: On-Board Magnetic Sensor Market, by Magnetic Density

Table34 Asia-Pacific: On-Board Magnetic Sensor Market, by Vertical

Table35 Asia-Pacific: On-Board Magnetic Sensor Market, by Application

Table36 Middle East & Africa: On-Board Magnetic Sensor Market, by Country

Table37 Middle East & Africa: On-Board Magnetic Sensor Market, by Type

Table38 Middle East & Africa: On-Board Magnetic Sensor Market, by Magnetic Density

Table39 Middle East & Africa: On-Board Magnetic Sensor Market, by Vertical

Table40 Middle East & Africa: On-Board Magnetic Sensor Market, by Application

Table41 Latin America: On-Board Magnetic Sensor Market, by Country

Table42 Latin America: On-Board Magnetic Sensor Market, by Type

Table43 Latin America: On-Board Magnetic Sensor Market, by Magnetic Density

Table44 Latin America: On-Board Magnetic Sensor Market, by Vertical

Table45 Latin America: On-Board Magnetic Sensor Market, by Application

LIST OF FIGURES

FIGURE 1 Global On-Board Magnetic Sensor Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global On-Board Magnetic Sensor Market

FIGURE 4 Value Chain of Global On-Board Magnetic Sensor Market

FIGURE 5 Share of Global On-Board Magnetic Sensor Market in 2017, by Country (in %)

FIGURE 6 Global On-Board Magnetic Sensor Market, 2018–2023

FIGURE 7 Global On-Board Magnetic Sensor Market Size, by Type, 2018

FIGURE 8 Share of Global On-Board Magnetic Sensor Market, by Type, 2018 to 2023

FIGURE 9 Global On-Board Magnetic Sensor Market Size, by Magnetic Density, 2018

FIGURE 10 Share of Global On-Board Magnetic Sensor Market, by Magnetic Density, 2018 to 2023

FIGURE 11 Global On-Board Magnetic Sensor Market Size, by Vertical, 2018 to 2023

FIGURE 12 Share of Global On-Board Magnetic Sensor Market, by Vertical, 2018 to 2023

FIGURE 13 Global On-Board Magnetic Sensor Market Size, by Application, 2018 to 2023

FIGURE 14 Share of Global On-Board Magnetic Sensor Market, by Application, 2018 to 2023