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Global MEMS Magnetic Sensors Market 2016-2020

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:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global MEMS Magnetic Sensors Market 2016-2020, 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.

Key vendors
  • Allegro Microsystems
  • Bosch
  • Honeywell
  • Infineon
  • Asahi Kasei Microsystems
Other
    prominent vendors
  • Melexis
  • Aichi Steel
  • STMicroelectronics
  • Yamaha
  • Alps Electric
Market
    driver
  • Reduced product size and low manufacturing cost
  • For a full, detailed list, view our report
Market
    challenge
  • Effect of temperature on sensor operation
  • For a full, detailed list, view our report
Market
    trend
  • Growing adoption of wearable devices
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 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?


Press Release

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

Companies Mentioned

Allegro Microsystems, Bosch, Asahi Kasei Microsystems, Honeywell, Infineon, Aichi Steel, Diodes, Melexis, MEMSIC, Micronas, Yamaha, Alps Electric, STMicroelectronics.

  • Executive summary
    • Highlights
  • Scope of the report
    • Product offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Technology landscape
    • Overview
    • MEMS technology
  • Market landscape
    • Market overview
      • Table Market segmentation
    • Market size and forecast
      • Table Global MEMS magnetic sensors market 2016-2020 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • End-user applications of MEMS magnetic sensors
      • Table MEMS magnetic sensors by end-user segment 2015
      • Table MEMS magnetic sensors by end-user segment 2020
    • Year-over-year (YoY) percentage growth
      • Table YoY percentage growth of MEMS magnetic sensors in end-user applications
    • MEMS magnetic sensors in the automotive industry
      • Table MEMS magnetic sensors in the automotive industry ($ millions)
      • Table Expected global vehicle shipment growth 2015-2020
    • MEMS magnetic sensors in wireless and communication sector
      • Table MEMS magnetic sensors in wireless and communication sector ($ millions)
    • MEMS magnetic sensors in healthcare sector
      • Table MEMS magnetic sensors in healthcare sector ($ millions)
    • MEMS magnetic sensors in surveillance and security sector
      • Table MEMS magnetic sensors in surveillance and security sector ($ millions)
  • Geographical segmentation
    • Market share by region 2015
      • Table Market share by region 2015
    • Market share by region 2020
      • Table Market share by region 2020
    • YoY market growth by region
      • Table MEMS magnetic sensors YoY growth by region
    • Americas
      • Table Global MEMS magnetic sensors market in Americas 2015-2020 ($ millions)
    • EMEA
      • Table Global MEMS magnetic sensors market in EMEA 2015-2020 ($ millions)
    • APAC
      • Table Global MEMS magnetic sensors market in APAC 2015-2020 ($ millions)
  • Key leading countries
    • Table Key leading countries
  • Market drivers
    • Reduced product size and low manufacturing cost
    • Improved efficiency of automotive industry
    • High efficiency and performance
    • Emerging consumer electronics applications
    • Government regulations encouraging energy-efficient appliances
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Effect of temperature on sensor operation
    • Background noise affecting performance
    • Lengthy design phase increases time-to-market
    • Need for continual optimization of technology
    • Functional and operational issues
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Growing adoption of wearable devices
    • Rising popularity of electronic compasses
    • Development of indoor navigation
    • Advanced MEMS packaging
  • Vendor landscape
    • Competitive scenario
    • Key vendors
      • Table List of key vendors
    • Asahi Kasei Microsystems
    • Allegro Microsystems
    • Honeywell
    • Infineon Technologies
    • Bosch
    • Other prominent vendors
  • Key suggestions for investors and vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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