Magnetic Sensor Market: The Increasing Adoption of the xMR Technologies
June 20, 2018 | Yole DéveloppementEstimated reading time: 2 minutes
Magnetic sensors have been historically dominated by Hall-effect technology. However, this situation has evolved over time, with increasing penetration of xMR technologies, namely AMR , GMR , and more recently TMR. As a consequence, various supply chains and business opportunities are today possible depending on the maturity of the technologies and integration approaches. Yole Développement (Yole), announces a magnetic sensor market pushed by innovative technologies, with an impressive 7% CAGR between 2016 and 2022.
Magnetic sensors are used for a wide variety of functions: compass, angle sensing, position sensing, current sensing, switching. Thus, magnetic sensors are used in a myriad of applications where there is a need to convert remotely a motion into a signal, to provide information and intelligence to unanimated objects. Therefore, magnetic sensors are especially popular for automotive and internet of things applications.
The market research and strategy consulting company, Yole proposes a comprehensive overview of the magnetic sensor market and related technologies: Magnetic Sensor Market & Technologies report. This analysis reveals the applications, the sensor functions and key requirements. In addition to key market metrics and dynamics, the consulting company provides key technical insight into future technology trends and challenges.
Under this magnetic sensors market, Hall Effect technology is and will remain the dominant solution, showing an impressive 71% market share in 2016. Most of the current switches and sensors are using such technology. This technology is robust and very cost effective, explains Yole’s Senior Technology & Market Analyst, Yann de Charentenay. However the consulting company highlights a slow decrease of this figure until 2022, due to growing competition from xMR technologies.
xMR solutions have significant presence in compass, position and speed sensing thanks to a better sensitivity. According to Yole, this adoption will further increase in the coming years with arrival of TMR technology.
As part of the xMR solutions, the AMR approach will increase its market share especially in eCompass and automotive segments thanks to high angle sensor sensitivity and low cost. In the consumer ecompass market, new entrants such as Memsic, Isentek, Voltafield and QTC are gaining significant market share thanks to aggressive pricing and clearly help the adoption of this technology.
In parallel, GMR technology will lose market shares due to eCompass decline following Yamaha withdrawal.
TMR is showing the fastest growth. Therefore, the segment should more than double to reach 5% in 2022. The rapid TMR adoption for numerous automotive, industrial and consumer IoT applications, is driven by high sensitivity and low power consumption of this technology.
Suggested Items
Koh Young Showcases Award-winning Inspection Solutions at SMTconnect with SmartRep in Hall 4A.225
04/25/2024 | Koh Young TechnologyKoh Young Technology, the industry leader in True 3D measurement-based inspection solutions, will showcase an array of award-winning inspection and measurement solutions at SMTconnect alongside its sales partner, SmartRep, in booth 4A.225 at NürnbergMesse from June 11-13, 2023. The following offers a glimpse into what Koh Young will present at the tradeshow:
Real Time with… IPC APEX EXPO 2024: Plasmatreat: Innovative Surface Preparation Solutions
04/25/2024 | Real Time with...IPC APEX EXPOIn this interview, Editor Nolan Johnson speaks with Hardev Grewal, CEO and president of Plasmatreat, a developer of atmospheric plasma solutions. Plasmatreat uses clean compressed air and electricity to create plasma, offering environmentally friendly methods for surface preparation. Their technology measures plasma density for process optimization and can remove organic micro-contamination. Nolan and Hardev also discuss REDOX-Tool, a new technology for removing metal oxides.
Nanotechnology Market to Surpass $53.51 Billion by 2031
04/25/2024 | PRNewswireSkyQuest projects that the nanotechnology market will attain a value of USD 53.51 billion by 2031, with a CAGR of 36.4% over the forecast period (2024-2031).
Cadence, TSMC Collaborate on Wide-Ranging Innovations to Transform System and Semiconductor Design
04/25/2024 | Cadence Design SystemsCadence Design Systems, Inc. and TSMC have extended their longstanding collaboration by announcing a broad range of innovative technology advancements to accelerate design, including developments ranging from 3D-IC and advanced process nodes to design IP and photonics.
SMC Korea 2024 to Highlight Semiconductor Materials Trends and Innovations on Industry’s Path to $1 Trillion
04/24/2024 | SEMIWith Korea a major consumer of semiconductor materials and advanced materials a key driver of innovation on the industry’s path to $1 trillion, industry leaders and experts will gather at SMC (Strategic Materials Conference) Korea 2024 on May 29 at the Suwon Convention Center in Gyeonggi-do, South Korea to provide insights into the latest materials developments and trends. Registration is open.