1 / 7

Magnetic Sensor Market 2027 By Industry Growth & Regional Forecast

The global magnetic sensor market has recorded year-on-year growth supported by increasing use of Unmanned Aerial Vehicles (UAVs) and surveillance drones in military application due to rising political tensions and terrorist attacks.<br><br>Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/2994

11788
Download Presentation

Magnetic Sensor Market 2027 By Industry Growth & Regional Forecast

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Magnetic Sensor Market is projected to reach CAGR 8% by 2027

  2. Key Insights from Magnetic Sensor Market: • The global magnetic sensor market has recorded year-on-year growth supported by increasing use of Unmanned Aerial Vehicles (UAVs) and surveillance drones in military application due to rising political tensions and terrorist attacks. • As per a report by the U.S. Federal Aviation Administration, as of March’21, the country has nearly 1.1 million drones currently operational. These drones are equipped with magnetic sensors that help control the speed of the flight and help achieve uniformity of rotation in brushless DC motors and propellers. • Inclination towards robotics and industrial automation in the manufacturing and processing sectors will drive market growth. These sensors are largely combined into automated assembly lines, collaborative robots for position, conveyor systems, and speed sensing applications.

  3. Regional Insights in Magnetic Sensor Market: • Regionally, Europe has emerged as a profitable revenue pocket over time due to the presence of many automobile OEMs in the region including Audi, BMW, Daimler AG, PSA Group, and others, that are primarily focusing on the development of advanced automobile safety technology like ADAS and self-driving cars. • Moreover, the region is witnessing an increase in the adoption of electric vehicles. As per the International Energy Agency, Europe accounted for approximately 1.4 million new electric vehicle registrations in the year 2020, which was responsible for 46.6% of the total EV registration globally. • Magnetic sensors are highly combined into battery management technology and onboard chargers of EVs, adding regional market opportunities. Firms that operate in the magnetic sensor industry are focusing on introducing new product launches to remain competitive in the industry.

  4. Latest Research Report On Magnetic Sensor Market @ https://www.gminsights.com/industry-analysis/magnetic-sensor-market Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2994

  5. Major Companies in Magnetic Sensor Market: • Asahi Kasei Microdevices Corporation • TE Connectivity • Diodes Incorporated • ams AG • Melexis • Honeywell International Inc. • Infineon Technologies AG

  6. Industry Coverage

  7. Stay In Touch Website: www.gminsights.com Social Media:

More Related