About MEMS Magnetic Sensors
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).
Technavio’s 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 Announces the Publication of its Research Report – Global MEMS Magnetic Sensors Market 2016-2020
Technavio recognizes the following companies as the key players in the Global MEMS Magnetic Sensors Market: Allegro Microsystems, Bosch, Asahi Kasei Microsystems, Honeywell and Infineon.
Other Prominent Vendors in the market are: Aichi Steel, Diodes, Melexis, MEMSIC, Micronas, Yamaha, Alps Electric, and STMicroelectronics.
Commenting on the report, an analyst from Technavio’s team said: “One of the emerging trends could have a positive impact on market growth over the next few years is the growing popularity of wearable devices, which depend on MEMS magnetic sensors for fitness tracking, activity tracking, and navigation.”
According to the report, the global MEMS magnetic sensors market is driven by many factors, including reduced sensor size and low manufacturing cost. These sensors do not require microfabrication of magnetic material, and their small size ensures suitability and better performance in most applications. This, along with the use of the semiconductor chip manufacturing process, ensures a high throughput of these sensors. The high adoption rate of these sensors in the automotive sector will also support market growth, as automakers integrate these sensors to improve the efficiency of their vehicles.
Further, the report states that the effect of temperature on sensor functioning is one of the major challenges
Allegro Microsystems, Bosch, Asahi Kasei Microsystems, Honeywell, Infineon, Aichi Steel, Diodes, Melexis, MEMSIC, Micronas, Yamaha, Alps Electric, STMicroelectronics.
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