Transparency Market Research
Magnetic Field Sensors Market - Global
Industry Analysis, Size, Share, Growth,
Trends and Forecast 2014 – 2020
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REPORT DESCRIPTION
Magnetic field sensors are used to detect position of any object based on magnetic field. For instance, movements of
gear wheels inside gearbox create alteration in magnetic field helping the sensors to indentify location of position of
objects. This collected information is further sent to integrated electronics to evaluate the condition of the respective
objects or vehicle. Magnetic field sensors are of non-contact type and use digital or analog signals for data
transmission based on their type. With the development of technology magnetic field sensors are being used in
various applications across the industry verticals. Demand for high sensing performance and better efficiency is
driving the adoption of magnetic field sensors in various applications. Automotive, homeland security, healthcare,
electronics industry and defense are some industry where wide application of magnetic field sensors is observed.
Automotive sector is currently the biggest segment in terms of revenue for magnetic field sensors market. High
demand for magnetic field sensors from automobile manufacturing sector and growing demand and popularity of
computer peripherals are leading to increased demand for magnetic field sensors.
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