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
Boeing Opens Research & Technology Center in Japan
04/23/2024 | BoeingBoeing today opened a Boeing Research & Technology (BR&T) Center in Japan that will focus on innovation to enable the commercial aviation industry meet its goal of net zero carbon emissions by 2050.
Schweizer Electronic Appoints Thomas Gottwald as New Member of the Executive Board
04/23/2024 | Schweizer Electronic AGThe Supervisory Board of Schweizer Electronic AG has appointed Mr. Thomas Gottwald to the Executive Board as CTO (Chief Technology Officer) for a period of 3 years with effect from 1 May 2024.
US Department of Defense Selects Intel Foundry for Phase Three of RAMP-C
04/23/2024 | IntelThe U.S. Department of Defense (DoD) has awarded Intel Foundry Phase Three of its Rapid Assured Microelectronics Prototypes - Commercial (RAMP-C) program.
Real Time with... IPC APEX EXPO 2024: Industrial Quality Solutions from Zeiss
04/23/2024 | Real Time with...IPC APEX EXPOEditor Nolan Johnson and Herminso Gomez of Zeiss Group discuss the company's industrial quality solutions, with a focus on X-ray technology. Zeiss provides a range of microscopy options and Herminso highlights the advantages of X-ray technology for aerospace, medical, and consumer electronics sectors.
AIM Solder’s Dillon Zhu to Present on Ultraminiature Soldering at SMTA China East
04/22/2024 | AIMAIM Solder, a leading global manufacturer of solder assembly materials for the electronics industry, is pleased to announce that Dillon Zhu will present on the topic: Ultraminiature Soldering: Techniques, Technologies, and Standards at SMTA China East. This event is being held at the Shanghai World Expo Exhibition & Convention Center from April 24-25.