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Magnetic Sensor Market Share
- Report ID: GMI2994
- Published Date: Dec 2022
- Report Format: PDF
Magnetic Sensor Market Share
The top manufacturers operating in the magnetic sensor market include:
- Honeywell International Inc
- Melexis
- Infineon Technologies AG
- Asahi Kasei Microdevices Corporation
- ams AG
- Diodes Incorporated
- NXP Semiconductors
These companies are entering strategic alliances with major OEMs to address the high demand and deliver improved product offerings, which are in line with the manufacturing requirements.
Frequently Asked Questions (FAQ) :
The market size of magnetic sensor exceeded USD 4 billion in 2022 and is predicted to record 5% CAGR during 2023 to 2032, given the rising demand for speed-sensing technology in defense and aerospace applications.
GMR magnetic sensor industry is expected to observe 5% growth from 2023 to 2032, owing to the increasing use of innovative technologies, including anti-braking systems (ABS) and anti-locking systems, in high-end automobiles.
European industry size is anticipated to observe 5% through 2032 due to the growing production volume and sales of electric vehicles (EVs) across the region.
The top players operating in the magnetic sensor business scenario include Honeywell International, Inc., Melexis, Infineon Technologies AG, Asahi Kasei Microdevices Corporation, ams AG, Diodes Incorporated, and NXP Semiconductors, among others.
Magnetic Sensor Market Scope
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