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The Global Magnetic Sensor Market size is expected to reach $2.6 billion by 2023, rising at a market growth of 5.9% CAGR during the forecast period.
Advancements in sensing technologies and growing applications of sensing devices in various industry verticals are the factors that is expected to drive the market growth. Regulations pertaining to installation of magnetic sensors in automobiles and installation of the same in the safety equipment is expected to offer market opportunities during the forecast period.
Magnetic sensors are vital part of navigation systems and are majorly used in automobiles and smartphones. Advanced sensing systems are greatly in demand due to rapid growth in smartphones. Market trends is expected to significantly influence the market growth during the forecast period. Magnetic sensing devices have also found their adoption in used the field of medical R&D and Non-Destructive Testing (NDT).
One out of the three smartphones shipped in Bangladesh was a 4G-enabled smartphone in 2017. Global and China-based vendors have already upgraded most of their devices to 4G.
Cullen Hilkene, 3Diligent
First, the arrival of extrusion metal printing. Today's extrusion printers are the most prevalent and, arguably, user-friendly 3D Printers in the market. Now, after years of there being zero metal extrusion printers, there will be two in the new year from Desktop Metal and Markforged. These technologies promise new materials and a higher degree of user friendliness for metal printing.
This research report titled ‘Global LED Market 2016-2020’ provides an in-depth analysis of market growth in terms of revenue and emerging market trends. The market size is calculated on the basis of revenue generated from four segments, including general lighting, backlighting, automotive lighting, and others.