Global Fluxgate Sensors Market: Overview

Fluxgate sensors were firstly invented in 1930 and basically used to measure D.C magnetic fields up to 1mT (Mili Tesla). They are used for various applications including industrial monitoring and control system, over current detection, space research, submarine detection etc. Fluxgate sensors are very small in sizes which enable them to use in micro/nano-electronics technologies. In addition, these fluxgate sensors are also used in robotic probes to analyze and detect the earth’s magnetic field as well as other planets. These fluxgate sensors have high reliability and sensitivity which help to detect small magnetic fields. The fluxgate sensors with very low noise as well as nanotesla resolution are suitable for metal part detection in food, surveillance, shielding technologies and many others.

Global Fluxgate Sensors Market: Dynamics

 The key factors which drive the growth of the global fluxgate sensors market are significantly growing electronics and electrical industry along with rising demand for consumer electronic goods. The macroeconomic factors which fuel the growth of the global fluxgate sensors market are the rapidly growing urbanization and emerging countries such as China, Brazil, and India over the forecast period. High demand of fluxgate sensors for the usage for submarine detection as well as navigation systems are the major key factors which drive the global fluxgate sensors market over the forecast period. Furthermore, rapidly growing digitalization and industrial automation fuel the growth of the global fluxgate sensors market, owing to the significant usage of fluxgate sensors in rapidly growing smart cities and manufacturing industry respectively across the globe over the forecast period. Additionally, high mergers of prominent players with existing local players will drive the global fluxgate sensors market over the forecast period. The key factors such as stringent government regulations related to the safety of fluxgate products as well as high labor cost in the North America may hinder the growth of global fluxgate sensors market over the forecast period. High innovation such as reduction in the size of fluxgate sensors is the key trending factor of global fluxgate sensors market over the forecast period.

Global Fluxgate Sensors Market: Segmentation

Global fluxgate sensors market has been segmented by application type, end-use industry type and region type.

Based on the end-use industry type, global fluxgate sensors market is classified into followings:

  • Automotive
  • Healthcare & Life Sciences
  • Defense
  • Electrical & Electronics
  • Sub-marine
  • Media & Communications
  • Energy & Utilities

 Based on application type, global fluxgate sensors market is classified into followings:

  • Navigation Systems
  • Industrial Monitoring and Control Systems
  • Overcurrent Detection
  • Others

Global Fluxgate Sensors Market: Segmentation Overview

Among above mentioned end-use industry, electrical and electronics segment is estimated to witness a significant CAGR in the global fluxgate sensors market over the forecast period, owing to growing smart cities along with high usage of fluxgate sensors for automatic parking system as well as tracking systems in automobiles. Media & communication industry is anticipated to see the high growth rate in global fluxgate sensors market over the forecast period due to its growing usage for navigation systems.

Global Fluxgate Sensors Market: Regional Outlook

Based on geographies, the global fluxgate sensors market is classified into seven regions such as Western Europe, Eastern Europe, North America, Latin America, Asia Pacific excluding Japan, Japan and the Middle East and Africa. Among above-mentioned regions, North America accounts high market share in the global fluxgate sensors market over the forecast period, attributed to rapidly growing innovation and demand in sensor based products for automation across the region followed by Western Europe. Asia Pacific excluding Japan is anticipated to showcase a significant growth in the global fluxgate sensors market over the forecast period, owing to significant growing electronics usage of electronics based products in China along with building smart cities in India. Japan is predicted to see a significant CAGR in the global fluxgate sensors market over the forecast period, attribute to high usage of fluxgate sensors in the automotive industry.

Global Fluxgate Sensors Market: Key Players

Few key players of global fluxgate sensors market are Stefan Mayer Instruments, Xi'an Huashun Measuring Equipment Co., Ltd., Macintyre Electronic Design Associates Inc., Methode Electronics Inc., Fluxgate World Subsystems, MSR-Electronic GmbH, Cedrat Technologies SA, and others. Key manufacturers of the global fluxgate market are focusing towards on high innovation such as auto pilot in smart cars and space weather detection.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market 

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Fluxgate Sensors Market

Pre Book