Magnetic Sensing Chips: Introduction

  • Magnetic sensor chips are semiconductors devices that uses magnetic principles to detect objects
  • The chips are present in magnetic sensors to determine the position or speed of an object by using magnetic principles
  • Magnetic sensing chips are classified in four technology: hall sensor, anisotropic magneto resistive (AMR) sensor, giant magneto resistive (GMR) sensor, and tunnel magneto resistive (TMR) sensor. Based on application requirement, magnetic sensing chip is selected
  • Magnetic sensing chips are used in various end-use industry, such as automotive, consumer electronics, industrial, etc.

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Rise in Adoption of Magnetic Sensing Chips in Automotive Application

  • Magnetic sensors consists of magnetic sensing chips to detect presence of an object using magnetic position sensor and magnetic speed sensor. In automotive application, antilock breaking system (ABS) technique is increasingly used owing to its capability to stop the vehicle without losing the control from ground
  • In ABS technique, magnetic sensor is used, in which speed sensor IC is integrated with capacitor. When the break is applied on vehicle, magnetic sensor determine the speed of the vehicle and accordingly apply the break to stop the vehicle safely
  • In automotive, a high sensitivity and low cost magnetic field sensing element based on giant magneto resistive (GMR) technology is used for linear position sensing and rotary applications
  • Moreover, magnetic sensing chips are used in speedometers to determine the speed of vehicle. Owing to these safety features offered by magnetic sensor, a solid demand of magnetic sensing chips is observed in automotive industry, which is expected to drive the global magnetic sensing chips market during the forecast period.

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Increase in use of Magnetic Sensing Chips in Industrial Motors

  • In industrial motor control, magnetic sensing chips are used that operates on Hall Effect, as Hall Effect switch ICs provide reliable solutions to contactless switching
  • In industrial processes, popularity of brushless DC motor is more than brush-type DC motors owing to its high efficiency. In brushless DC motor, Latching Hall Effect sensors are used to measure motor’s position and provide high magnetic sensitivity for temperature ranging from -40 to 150 degree Celsius
  • Hence, Increase in use of brushless DC motors in industrial processes across the globe is anticipated to fuel the demand for magnetic sensing chips

North America to Lead Global Market

  • In terms of region, the global magnetic sensing chips market can be split into: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific is anticipated to dominate the global magnetic sensing chips market during the forecast period, owing to the growing demand for automotive and consumer electronics application in the region
  • The magnetic sensing chips market in North America and Europe is expected to show significant growth. This market in Latin America and Middle East & Africa is estimated to grow at a moderate rate during the forecast period.

Key Players in Global Market

The global magnetic sensing chips market is highly fragmented in 2018. Prominent players operating in the global market are focusing on technological developments and expansions to meet the rising demand for tuning amplifiers. Moreover, manufacturers are entering partnerships for the development of innovative products and gain higher profit margins.

Key players operating in the global magnetic sensing chips market include:

  • Analog Devices, Inc.
  • Asahi Kasei Microdevices Corporation
  • Sanken Electric Co., Ltd.
  • Infineon Technologies AG
  • Diodes
  • NXP Semiconductors
  • MEMSIC, Inc.
  • TE Connectivity
  • Bosch Sensortec GmbH
  • Honeywell International Inc.
  • ALPS ALPINE CO., LTD.
  • Melexis
  • TDK-Micronas
  • ams AG

Global Magnetic Sensing Chips Market: Research Scope

Global Magnetic Sensing Chips Market, by Technology

  • Hall Sensor
  • Anisotropic Magneto Resistive (AMR) Sensor
  • Giant Magneto Resistive (GMR) sensor
  • Tunnel Magneto Resistive (TMR) sensor

Global Magnetic Sensing Chips Market, by Application

  • Antilock Breaking System
  • Speedometers
  • Camshafts
  • Industrial Motor Control
  • Others

Global Magnetic Sensing Chips Market, by End-use Industry

  • Automotive
  • Consumer Electronics
  • Industrial
  • Others

Global Magnetic Sensing Chips Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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.

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Magnetic Sensing Chips Market

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