Future Market Insights
Advancement in magnetoresistive sensors has increased demand in flexible electronics market as the flexible electronics is manufactured at low cost with high mechanical flexibility and are used in various industrial applications. Magnetoresistive sensors are highly sensitive devices aimed to cover an extensive range of applications with large air gaps, low power requirements and small magnetic fields.
Magnetoresistive sensors have low magnetic strength and due to simplified installation it reduces system cost. These sensor ICs requires low electricity and less investment. Magnetoresistive sensors are used in medium sized consumer electronics which acts as a battery optimization position sensor and also used as infusion pumps in medical equipment.
Magnetoresistive Sensors Market: Market Dynamics
Increase in demand of flexible electronics owing to low manufacturing cost and higher flexibility are the drivers for magnetoresistive sensors market
Determining method for structuring the layers and development of appropriate insulation layers between the sensors are difficult which may act as restraints for magnetoresistive sensor market.
Manufacturing of printable electronic devices that will not require high-energy deposition technologies will create opportunities for magnetoresistive sensors market.
Global Magnetoresistive Sensors Market: Market Segmentation
Magnetoresistive Sensorsmarket divided into three segments, based on product type, applications, end-user industries and region.
Segmentation on the basis of type in Magnetoresistive Sensors market:
Thin film magnetoresistive sensor
Anisotropic magnetoresistive sensor
Giant Magnetoresistive Sensors
Tunnel Magnetoresistive Sensors
Segmentation on the basis of application in Magnetoresistive Sensors market:
Thin film solar cells
Magnetic field measurement
Segmentation on the basis of end-user industries in Magnetoresistive Sensors market:
Aerospace and Defense
Global Magnetoresistive Sensors Market: Competition Landscape
Few prominent players in Magnetoresistive Sensorsmarket includeHoneywell International Inc., AMS, Analog Devices (Infineon Technologies),Murata, NXP Semiconductor N.V, TE Connectivity, Magnachip Semiconductor, Diodes Incorporated, Panasonic, MS AG, Allegro Microsystems Inc., Asahi Kasei Micro Devices Corporation, Infineon Technologies AG, Melexix NV, Memsic Inc, Micronas Semiconductor Holdings AG and Robert Bosch GMBH.
Magnetoresistive Sensors Market: Regional Outlook
North America is estimated to dominate the magnetoresistive sensor market followed by Europe, APEJ, Japan and MEA regions owing to increase in demand of flexible electronics in North America for industrial applications and adoption of advanced technologies. Europe and Asia Pacific is expected to grow significantly during the forecast period.
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