MarketResearch.com has added to its report offering on electronic markets with the report titled "Global Magnetic Field Sensors Market by Product (Angular, Revolution, Current, Position) by Technology (Hall Effect, Magneto Resistive & Inductive, Fluxgate, Squid), & Applications (Consumer, Automotive, Industrial, Aerospace & Defense) 2011 – 2016."
The report indicates that by 2016, the demand for magnetic field sensors will grow at a CAGR of 10.3% and reach 7.14 billion units from 3.67 billion units of 2010. In terms of value, by 2016, magnetic field sensors will reach $2 billion.
Magnetic field sensors are primarily being used in navigation and are likely to be adopted across various application segments. About 40% of the magnetic field sensors are used by the automobile industry for engine control management and anti-lock braking systems.The trigger for the growing demand of the sensor has been attributed to a growing demand of gaming consoles, growing acceptance of electronic compass, vehicle production in numerous emerging markets and constant demand of computing and computer peripherals. The computing and consumer segments together represent the largest user base for the sensors. The applications include DVD players, cameras, printers, hard disk drives, washing machines, cell phones and video-cassette players. Defense and healthcare are other verticals that contribute to the growing demand of magnetic field sensors.
Over 70% of the market share is dominated by Hall Effect sensors which are mostly used in used in anti-lock breaking systems, tachometers, computer printers and keyboards. The suppliers of the Hall Effect sensors are AKM, Austria Microsystems, Melexis, Micronas and Allegro.