Infineon Technologies AG has announced to add a new AMR-based angle sensor to its sensor range, with the goal of providing excellent accuracy in low magnetic fields. The XENSIV TLE109A16 product line is intended to meet the demand for extremely precise, quick, and cost-effective angle measurement
Allegro Microsystems, Inc. announced tha launch of A31316 3D Hall-effect position sensor, the latest addition to the company’s 3DMAG™ line of 3D sensors. This new sensor is suitable for automotive safety and advanced driver assistance systems (ADAS) applications that demand a significant amount of adaptability and dependable performance in harsh environments, such as powertrain and chassis applications
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 4866
Published Date: Apr 30, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing demand for oil and energy, and the growing popularity of self-driving vehicles are the major factors driving the market growth.
The market size of magnetic sensor is anticipated to attain a CAGR of ~10.7% over the forecast period, i.e., 2023-2035.
The high cost of magnetic sensors, competition from other alternatives, and the environment affecting the result are estimated to be the growth hindering factors for the market expansion.
The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
The major players in the market are Allegro Microsystems, Inc., Alps Alpine Co., Ltd, Asahi Kasei Corporation, AMS Technologies AG, Baumer Holding Ltd., Crocus Technology International Corp, Elmos Semiconductor SE, Honeywell International, Inc., Infineon Technologies AG, and NXP Semiconductors N.V.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by application, technology, end use, and by region.
The energy & power segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.