Global 3D Magnetic Sensor Market 2017-2021

Overview of the global 3D magnetic sensor market

Technavio’ s market study identifies the growing efficiency and sales in automobile segment as one of the primary growth factors for the 3D magnetic sensor market. The increased demand of the consumers for the inclusion of features that improve safety, handling, stability, performance, comfort, convenience, and other safety features will increase the adoption of sensors in the automobile segment. Magnetic switch sensors are used in several applications in the automobile segment and the introduction of the 3D magnetic sensors will result in the integration of the sensors into the car body instead of the Hall sensors and other switches. As a result, the market analysts estimate that the market will grow steadily at a CAGR of more than 21% by 2021.

The semiconductor manufacturing technology has facilitated the production of huge quantity of cost-effective sensors for high valued applications such as industrial motors, mid-level automobile segment, and low-cost consumer electronics segment. The 3D sensors provide various advantages such as high-performance, low implementation, and maintenance cost, in addition to, no requirement for the microfabrication of the magnetic material will contribute to the growing demand for the 3D sensors. The integration of magnetic field technology into 3D magnetic sensors reduces the size of the magnetic field sensing system. The improved size and cost-effectiveness of magnetic field sensors is identified as one of the key trends contributing to the growth of the 3D magnetic sensor market.

Competitive landscape and key vendors

The 3D magnetic sensors market is highly fragmented due to the presence of several international and regional vendors competing based on factors such as performance, innovation, product features, quality, low cost, selling price, distribution, and financial stability. The competition among the players is intense due to the vendors focusing on technical advancements and product innovations to attain competitive advantage in the hall effect sensor market. The infrared sensor manufacturers must launch their products through a clear and unique proposition to distinguish their products from other competitors.

The leading vendors in the market are -

• Allegro MicroSystems
• Infineon Technologies
• NXP Semiconductors
• STMicroelectronics

The other prominent vendors in the market are Analog Devices, Asahi Kasei, Bosch, Honeywell International, and Micronas Semiconductor.

Segmentation by application and analysis of the 3D magnetic sensor market

• Automobile
• Industrial
• Consumer Electronics

The 3D magnetic sensors are increasingly used in the consumer electronics segment in joysticks, gaming paddles, game sticks, and gaming wheel controller that is being continuously updated and innovated by the gaming peripheral manufacturers. The usage of 3D magnetic sensors such as wireless temperature sensors in these devices provides contactless position sensing and high temperature stability of the magnetic threshold that provides more accurate and more robust results in comparison with the 2D magnetic sensors.

Geographical segmentation and analysis of the 3D magnetic sensor market

• Americas
• APAC
• EMEA

The consumer electronics and automobile manufacturers segment in the Americas is increasingly adopting the 3D magnetic sensors to ensure the safety of the consumers. Additionally, the growing rate of industrial robot automation and the presence of several large automobile companies in the Americas will contribute to the growth of the 3D magnetic sensor market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global 3D magnetic sensor market?
• What are the key market trends impacting the growth of the global 3D magnetic sensor market?
• What are the challenges to market growth?
• Who are the key vendors in the global 3D magnetic sensor market?
• What are the market opportunities and threats faced by the vendors in the global 3D magnetic sensor market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global 3D magnetic sensor market?

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