At A CAGR Of 19.06%, Global MEMS Magnetic Sensors Market Expected To Grow During 2016 – 2020

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A sensor measures or responds to physical changes in its environment and transforms mechanical signals into electric signals. Magnetic sensors use magnetic fields to sense changes in speed, motion, and direction.

MEMS-based magnetic sensors are small devices used for measuring and detecting magnetic fields. Most of these devices function by detecting Lorentz force effects, during which the resonant frequency or voltage change may be measured electronically or optically for mechanical displacement.

The demand for three-axis magnetic field sensors for low-power, low-cost applications like electronic compasses for smartphones is increasing. For these applications, manufacturers prefer Lorentz-force MEMS-based magnetometers to other magnetic sensors such as magnetic tunnel junction (MTJ) and anisotropic magnetoresistance (AMR).

Technavios analysts forecast the global MEMS magnetic sensors market to grow at a CAGR of 19.06% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global MEMS magnetic sensors market for 2016-2020. To calculate the market size, the report consider the revenue generated from the sale of MEMS magnetic sensors around the world.

The market is divided into the following segments based on geography:

Technavio’s report, Global MEMS Magnetic Sensors Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Allegro Microsystems
Asahi Kasei Microsystems

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Other prominent vendors
Aichi Steel
Alps Electric

Market driver
Reduced product size and low manufacturing cost
For a full, detailed list, view our report

Market challenge

Effect of temperature on sensor operation
For a full, detailed list, view our report

Market trend

Growing adoption of wearable devices
For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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