During 2010, the volume demand for the magnetic field sensors is calculated to be 3.67 billion units, which is likely to attain 7.14 billion units during 2016.
According the revenue terms, during 2010, this sensor market was at $1.1 billion and is predicted to achieve $2.0 billion in 2016.
The requirement for the magnetic field sensors is increasing continually. Digital technology is primarily used in today’s magnetic field sensors that are popular in various industry verticals. These sensors are mainly employed in defense, automotive, healthcare, consumer electronics and homeland security industries. The principal user of these sensors is the consumer section along with computing applications.
The performance and efficiency of the engine, comfort and safety of the driver in the automotive industry are enhanced by these magnetic field sensors. Electrical and mechanical quantities like current, angular speed, angle of rotation, linear speed and linear position are measured by this magnetic field sensor. These sensors will grow continuously in the future, due to its performance and cost.
These magnetic field sensors are included in various smart phones. They can also be used in the compass for finding directions. Mobile devices, with a magnetometer embedded in it, are used by Deutsche Telekom scientists in order to allow non-contact interactions in three dimensions. Magi Tact, an interaction framework, will sense the changes in the magnetic field that is present around a cell phone for finding various signs, created by a hand-held magnet.
Source: http://www.marketsandmarkets.com/