Global 3D Magnetic Sensor Market to Grow at a CAGR of 21.41% to 2021

MarketResearchNest.com adds “Global 3D Magnetic Sensor Market 2017-2021” new report to its research database. The report spread across 81 pages with table and figures in it.

Research analysts forecast the global 3D magnetic sensor market to grow at a CAGR of 21.41% during the period 2017-2021.

About 3D Magnetic Sensor

3D magnetic sensors are classic magnetic Hall sensors, which are fabricated with both vertical and horizontal plates on a single chip to enable 3D field sensing. These sensors offer accurate 3D sensing with extremely low power consumption. With just a small 6-pin package, the sensor provides a direct measurement of the x, y, and z magnetic field components. 3D magnetic sensors have the lowest power consumption, as low as 0.007 μA in power down mode and 10 μA in ultra-low power mode, making them one of the most efficient and power saving sensors.

Covered in this report

The report covers the present scenario and the growth prospects of the global 3D magnetic sensor market for 2017-2021. To calculate the market size, the report considers the sale of magnetic sensors that offer accurate 3D sensing.

Browse full table of contents and data tables at https://www.marketresearchnest.com/global-3d-magnetic-sensor-market-2017-2021.html

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

Americas

APAC

EMEA

Technavio’s report, Global 3D Magnetic Sensor Market 2017-2021, 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.

Technavio Announces the Publication of its Research Report – Global 3D Magnetic Sensor Market 2017-2021

Technavio recognizes the following companies as the key players in the global 3D magnetic sensor market: Allegro MicroSystems, Infineon Technologies, NXP Semiconductors, and STMicroelectronics.

Other Prominent Vendors in the market are: Analog Devices, Asahi Kasei, Bosch, Honeywell International, and Micronas Semiconductor.

Commenting on the report, an analyst from Research team said: “The latest trend gaining momentum in the market is Emergence of wearable technologies. There has been an increase in the adoption of wearable devices in order to enhance the quality of life worldwide. Wearable technologies are basically a mobile form of communication technology, which is attached to a body part and is used for monitoring and tracking daily activities apart from providing communication services. It includes smart watches; smart glasses such as Google Glass; smart fabrics; heart rate monitors; and fitness tracking gadgets such as Fitbit Surge. Gyroscopes are the most popular type of wearable motion sensors. Gyroscopes act as a source of information for activity recognition in wearables, but angular velocity information derived from 3D magnetic sensors can approximate and replace gyroscope signals. With higher and better accuracy and cost-effective and less space consuming, 3D magnetic sensors will be a better alternative than a gyroscope.”

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According to the report, one of the major drivers for this market is Growing efficiency and sales in automobile segment. The modern-day cars require numerous sensors in order to perform various applications, and the adoption of these sensors is expected to rise even more in the coming years. The major reason for this is increased demand from consumers for features that improve safety, handling, stability, performance, comfort, convenience, and other attributes of a vehicle. In vehicles, magnetic sensors are adopted in the body and powertrain segments.

Further, the report states that one of the major factors hindering the growth of this market is Lengthy design phase increases time-to-market. The fabrication of thin-film magnetic microstructures requires the deposition of insulators, conductors, and other materials in order to ensure that the magnetic field sensors are efficient and capable of performing desired functions and tasks. However, the majority of the manufacturers are using thin film metal alloys, which lack the requisite characteristics, as compared with bulk ferromagnetic materials. This results in eddy currents and adverse hysteresis effect, which results in the core loss and decrease the inductance. Manufacturers should attend to this problem, thereby resulting in a long designing stage.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this report: What will the market size be in 2021 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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