Hall Effect Sensor Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025- Increasing application of hall effect sensors in automotive and consumer electronics sector is driving the growth of Global Hall-Effect Sensors Market.
Hall Effect Sensor Market is valued at USD 1095.8 Million in 2018 and expected to reach USD 1856.3 Million by 2025 with a CAGR of 7.82% over the forecast period.
A hall effect sensor is a sensing device which is used to measure the magnitude of a magnetic field. Its output voltage is directly proportional to the magnetic field strength passes through it. These sensors are used for proximity sensing, positioning, speed detection and current sensing applications. It is used in combination with threshold detection and act as a switch. Its common industrial applications are pictured pneumatic cylinder and in some computer printers to detect missing papers & open covers. In Automobile sector these sensors are used to time the speed of wheels and shafts, such as for internal combustion engine ignition timing, tachometers and anti-lock braking systems. Hall effect sensors are able to detect static (non-changing) magnetic fields. They are used in brushless DC electric motors to detect the position of the permanent magnet. They act on the principle of transducer and directly returns voltage.
The hall effect sensor market is segmented on the basis of type, material, application and region. Based on type, the hall effect sensor market is classified into hall ICS and hall elements. Hall IC’s segment is expected to dominate the hall effect sensor type segment due to its use in advanced mobile application and automation application. Based on material, the market is classified into GaAs (gallium arsenide), InAs (indium arsenide), InSb (indium antimonide), InP (indium phosphide), and graphene. Based on application, the market is classified into automotive, computer applications, industrial automation, telecommunication, building automation, aerospace & defense, medical, railways and others. Computer applications is expected to lead the hall effect sensor application segment among the various industries within the forecast period.
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The regions covered in this Hall Effect Sensor Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Hall Effect Sensor is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Hall Effect Sensor Market Revenue (USD Million) Analysis by Regional and Global, 2019-2025
Key Players for Global Hall Effect Sensor Market Report:–
Global Hall Effect Sensor market report covers prominent players like MEMSIC Inc., Bartington Instruments Ltd, TE Connectivity Ltd, Robert Bosch GmbH, NXP Semiconductors N.V., ams AG, Analog Devices, Inc., The Micronas Group, MelexisNV, Honeywell International Inc., Infineon Technologies AG, Robert Bosch GmbH, Sanken Electric Co., Ltd., and Asahi Kasei Corporation, ABB Ltd, Allegro Microsystems, Asahi Kasei Microdevices Corporation and others.
New Linear Hall-Effect Sensor ICs with Analog Output in Miniature, Low-Profile Surface-Mount and SIP Packages
On May 30, 2017, Allegro MicroSystems, LLC announced two new linear Hall-effect sensor ICs with analog output, targeted at the automotive and industrial markets. New applications for linear output Hall-effect sensor ICs, such as displacement and angular position, require higher accuracy and smaller package sizes. Allegro’s A1308 and A1309 devices are designed specifically to meet both requirements such as Target applications include EPS – torque sensing, EPS – angle sensing, and transmission – fork position sensing. Allegro MicroSystems mainly provides power and sensing technologies. From green energy to advanced mobility and motion control systems, they are mainly focused on developing intelligent solutions that move the world forward and give our customers a competitive edge.
Increasing Application in the Field Of Automotive and Consumer Electronics is Driving The Hall-Effect Sensors Market Worldwide.
Hall-effect sensors have a wide range of applications in various industries such as automotive, healthcare, consumer electronics, defense and aerospace etc. For example; in automotive electronics, the hall effect sensor systems are used on one hand in rather simple hall switches to detect a position and on the other hand quite complex linear hall-effect sensors for the measurement of distances or rotational movements. For example, in 2017 the automobile sector has sold around 23,003,293 units of automobile worldwide, which helped to boost business of hall effect sensors. In case of consumer electronics, a number of consumer electronic devices have started incorporating electronic compasses as a part of navigational equipment for the purpose of identifying the real-time location of the device itself. In addition, increasing awareness regarding environmental pollution increases the demand for electric and hybrid electric vehicles in the automotive industry which is further expected to foster the hall effect sensor market growth. The hall effect sensors provide much lower detection and measuring accuracy than any other magneto-resistance-based sensors or fluxgate magnetometers which may restrain the market growth. In spite of that, increasing technological advancements to develop more innovative hall effect sensors can provide an opportunity for the growth of this market.
Asia Pacific is Expected to Dominate the Global Hall Effect Sensor Market
Global hall effect sensor market is projected to witness a lucrative growth within the forecast period. Asia pacific is expected to dominate the global hall effect sensor market in the coming few years owing to technological improvement in the field of magneto resistive sensors. In addition, with the increasing trend of cloud connectivity in APAC, industries are adopting Industrial Internet of Things (IoT)-based current sensors for current measurement applications in this region. North America and Europe are expected to gain a significant share of revenue in hall effect sensor market after Asia pacific region due to increasing use of high end and advanced consumer electronics like smartphones, laptops, computers and wearable gadgets in these regions. This trend in turn helps the hall effect sensor market to grow in these regions. The UAE, South Africa, Brazil, and Argentina are expected to lead the market across Middle East and Africa and Latin America. Increasing use of automobiles is a major factor boosting the rising application of hall-effect sensors across the Middle East & Africa and Latin America.
Key Benefits for Global Hall Effect Sensor Market Reports –
- Global market report covers in depth historical and forecast analysis.
- Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global market report helps to identify opportunities in market place.
- Global market report covers extensive analysis of emerging trends and competitive landscape.
Hall Effect Sensor Market Segmentation:–
- Hall ICS and
- Hall elements
- GaAs (gallium arsenide)
- InAs (indium arsenide)
- InSb (indium antimonide)
- InP (indium phosphide)
- Computer applications
- Industrial Automation
- Building Automation
- Aerospace & Defense
- North America
- Asia Pacific
- Southeast Asia
- Latin America
- Middle East and Africa
- Rest of Middle East and Africa
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