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Global On-board magnetic sensor Market to reach USD xxxx billion by the end of 2030.

Global On-board magnetic sensor Market Size study & Forecast, by Type (Hall effect sensors, Magnetoresistive Sensors, SQUID Sensors, others), by End Use (Automotive, Consumers Electronics, Healthcare, Aerospace & Defense, Industrial), and Regional Analysis,2022-2030.

Product Code: ENGE-95858769
Publish Date: 19-06-2023
Page: 200

Global On-board magnetic sensor Market is valued at approximately USD xxxx billion in 2022 and is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2023-2030. The on-board magnetic sensors are sensors which are assessed after these are placed on the circuit board. The magnetic sensors devices are used for the identification of any fluctuations and disturbances in the magnetic field. The on-board magnetic sensor market is expanding because of factors such as rising demand for consumer electronics, electric and hybrid vehicles, high-quality sensing devices, and rising adoption of smart phones, are expected to aid the market growth. However, its importance has progressively increased during the last few decades.

According to the Statista, the consumer electronics market size if forecast to grow back in the coming years, generating revenues of around 1.1 trillion U.S. dollars in 2023 and recording a growth of over 4%. According to Statista , in 2020, 78.05 percent of the world’s population were smartphone users. With many people using more than one smartphone, the actual number of smartphone subscriptions exceeds the number of smartphone users. As of 2021, smartphone users are using an estimated 6.23 billion smartphone subscriptions, which is expected to climb to 7.7 billion by 2027. Also, rising demand of automotive sector, as well as rising technological advancements in magnetic sensor, are driving demand for internet of things (IoT) developments, all of which contribute to market growth. However, inconsistent magnetic fields and reduced-price magnetic sensors are the stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global On-board magnetic sensor Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to be the largest market for on-board magnetic sensors during the forecast period. The growth in this region is attributed to the increasing demand in automotive, and healthcare sector. According to Statista, encompassing an area spanning 29.3 million square kilometers, the Asia-Pacific region accounts for 60% of the world’s population in automotive. Asia pacific also accounts for the fastest growing in consumer electronic devices such as laptops, smartphones, and cameras in emerging countries in the region.

Major market player included in this report are:
Asahi Kasei Corporation
Tokyo Denki Kagaku Kogyo Corporation
Infineon Technologies
Melexis Incorporated
Allegro MicroSystems
Micronas Semiconductors
Robert Bosch GmbH
Denso Corporation
Tyco Electronics Ltd
Honeywell International Inc.
Recent Developments in the Market:
In 2021, Honeywell raked in around 34.4 billion U.S. dollars in revenue, coming in seventh in the ranking of leading automation vendors worldwide. Aerospace is Honeywell’s most profitable business unit, which generated 11 billion U.S. dollars in revenue in 2021.

In June 2020, Infineon launched the world’s first monolithically integrated linear Hall sensor for ASIL D systems.

Global On-board magnetic sensor Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, End Use , Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Hall effect sensors
Magnetoresistive Sensors
SQUID Sensors

By End Use:
Consumers Electronics
Aerospace & Defense

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. On-board magnetic sensor Market, by Region, 2020-2030 (USD Billion)
1.2.2. On-board magnetic sensor Market, by Type, 2020-2030 (USD Billion)
1.2.3. On-board magnetic sensor Market, by End Use , 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global On-board magnetic sensor Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global On-board magnetic sensor Market Dynamics
3.1. On-board magnetic sensor Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Growth of consumer electronics sectors Rising adoption of smartphones
3.1.2. Market Challenges Inconsistent Magnetic Field
3.1.3. Market Opportunities Rising technological advancements in magnetic sensor Rising demand of automotive sector
Chapter 4. Global On-board magnetic sensor Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global On-board magnetic sensor Market, by Type
5.1. Market Snapshot
5.2. Global On-board magnetic sensor Market by Type, Performance – Potential Analysis
5.3. Global On-board magnetic sensor Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. On-board magnetic sensor Market, Sub Segment Analysis
5.4.1. Hall effect sensors
5.4.2. Magnetoresistive Sensors
5.4.3. SQUID Sensors
5.4.4. others
Chapter 6. Global On-board magnetic sensor Market, by End Use
6.1. Market Snapshot
6.2. Global On-board magnetic sensor Market by End Use , Performance – Potential Analysis
6.3. Global On-board magnetic sensor Market Estimates & Forecasts by End Use 2020-2030 (USD Billion)
6.4. On-board magnetic sensor Market, Sub Segment Analysis
6.4.1. Automotive
6.4.2. Consumers Electronics
6.4.3. Healthcare
6.4.4. Aerospace & Defence
6.4.5. Industrial
Chapter 7. Global On-board magnetic sensor Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. On-board magnetic sensor Market, Regional Market Snapshot
7.4. North America On-board magnetic sensor Market
7.4.1. U.S. On-board magnetic sensor Market Type breakdown estimates & forecasts, 2020-2030 End Use breakdown estimates & forecasts, 2020-2030
7.4.2. Canada On-board magnetic sensor Market
7.5. Europe On-board magnetic sensor Market Snapshot
7.5.1. U.K. On-board magnetic sensor Market
7.5.2. Germany On-board magnetic sensor Market
7.5.3. France On-board magnetic sensor Market
7.5.4. Spain On-board magnetic sensor Market
7.5.5. Italy On-board magnetic sensor Market
7.5.6. Rest of Europe On-board magnetic sensor Market
7.6. Asia-Pacific On-board magnetic sensor Market Snapshot
7.6.1. China On-board magnetic sensor Market
7.6.2. India On-board magnetic sensor Market
7.6.3. Japan On-board magnetic sensor Market
7.6.4. Australia On-board magnetic sensor Market
7.6.5. South Korea On-board magnetic sensor Market
7.6.6. Rest of Asia Pacific On-board magnetic sensor Market
7.7. Latin America On-board magnetic sensor Market Snapshot
7.7.1. Brazil On-board magnetic sensor Market
7.7.2. Mexico On-board magnetic sensor Market
7.8. Middle East & Africa On-board magnetic sensor Market
7.8.1. Saudi Arabia On-board magnetic sensor Market
7.8.2. South Africa On-board magnetic sensor Market
7.8.3. Rest of Middle East & Africa On-board magnetic sensor Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Asahi Kasei Corporation Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Tokyo Denki Kagaku Kogyo K.K. Corporation
8.3.3. Infineon Technologies AG
8.3.4. Melexis Incorporated
8.3.5. Allegro MicroSystems LLC
8.3.6. Micronas Semiconductors
8.3.7. Bosch Sensortec
8.3.8. Denso Corporation
8.3.9. Tyco Electronics Ltd
8.3.10. Honeywell International Inc.
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

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Data Collection:
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Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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