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Worldwide magnetic field sensors market 2016 trend, analysis and forecast detailed in new research report

Global magnetic field sensor market to grow at a CAGR of 9.78% during the period 2016-2020.

Magnetic field sensors are devices used to sense and study the magnetic field around electrical devices, permanent magnets, and coils. These sensors are made of rotating sensor tip that measures transverse and longitudinal magnetic fields.

Traditional magnetic field sensors facilitated navigation on oceans by sensing the magnetic poles of the Earth. Since then, the application of magnetic sensors has expanded to industrial use, for the detection of a magnetic field's strength, presence, and direction from soft magnets, permanent magnets, brain wave activity, vehicle disturbances, and fields generated from electric currents.

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Magnetic sensors are the primary navigation means for industrial control systems. The increasing demand for compact size, improved sensitivity, and compatibility to control systems has driven the need for magnetic field sensing technology.

Publisher's analysts forecast the global magnetic field sensor market to grow at a CAGR of 9.78% during the period 2016-2020.

For more information about this report:…-market-2016-2020 .

Covered in this report
The report covers the present scenario and the growth prospects of the global magnetic field sensor market for 2016-2020. The market size is calculated on the basis of revenue generated from the sales of magnetic field sensors.

The market is divided into the following segments based on geography:
- Americas

Publisher's report, Global Magnetic Field Sensor 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
- Asahi Kasei
- Infineon Technologies
- Micronas Semiconductor

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Other prominent vendors
- Bosch Sensortec
- Honeywell
- Melexis Microelectronic Systems
- NXP Semiconductors

Market driver
- improved efficiency in the automotive segment
- For a full, detailed list, view our report

Market challenge
- adverse effect of temperature on sensor operations
- For a full, detailed list, view our report

Market trend
- emergence of wearable tech
- For a full, detailed list, view our report

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