Research and Markets (http://www.researchandmarkets.com/research/6kklnr/global_magnetic)
has announced the addition of the "Global
Magnetic Sensors Market 2014-2018" report to their offering.
One of the major drivers in this market is the increasing usage of
magnetic sensors in automotive and electronic compasses. The Automotive
and Electronics industries are the largest end-users of magnetic
sensors. Magnetic sensors provide safety as they are used in power
trains, air bags, air pressure controls, and fuel systems. The
increasing demand for smartphones and tablets also has a positive impact
on the market.
One of the major trends in this market is the miniaturization of
magnetic sensors due to their increasing usage in electronic appliances.
The size of magnetic sensors has decreased significantly due to
advancements in technology, resulting in their use in a greater varety
of applications. Since the inception of the giant magnetoresistive type
of magnetic sensor, magnetic sensors have further decreased in size.
Moreover, the precision and range of sensors has increased considerably.
These new sensors are being used in smaller and high-precision products,
thereby reducing the weight of the end products while increasing
accuracy. As an example, mobile phone manufacturers require low-weight
components, hence the availability of low-weight magnetic sensors is
proving to be beneficial for these manufacturers
Further, the report states that one of the major challenges in the
market is the increasing cost of automotive systems. The increasing cost
of automotive systems, raw materials, and commodity products is making
it difficult for automobile manufacturers to keep their product prices
low. Hence, automotive manufacturers are looking for low-cost solutions
as an alternative to magnetic sensors.
Key vendors dominating this space are:
Key Topics Covered:
For more information visit http://www.researchandmarkets.com/research/6kklnr/global_magnetic
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