Global 3D Magnetic Sensor for Automotive Market by Type (Linear 3D Magnetic Sensors, Rotary 3D Magnetic Sensors), By Application (Commercial Vehicle, Passenger Vehicle) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

The Global 3D Magnetic Sensors For Automotive Market size is projected to grow at a CAGR of close to 7% and reach USD X.X billion by 2028. The growth in the market is driven primarily by the increasing demand for passenger vehicles with automated driving features and an increase in sales of commercial vehicles that use sensors such as 3D magnetic sensors.

A 3D magnetic sensor is a device for measuring the strength or direction of an applied magnetic field. Common applications include sensing relays, speed and position measurement in rotary systems, and voltage levels on power supplies that use transformers to convert voltages from one level to another. Magnetic sensors can be classified as either analog (linear) sensors or digital (rotational angle-measuring devices).

On the basis of Type, the global 3D magnetic sensors for automotive market is segmented into Linear, Rotary.

Linear:

Linear-type magnetic sensors are used in braking, stability control, and also engine management. The sensor is installed under the vehicle to measure the rotational speed on each wheel side. This data along with other wheel-speed information can be processed by an ABS controller or ECU for controlling them accordingly. The main benefit is that they are easy to install, maintain or replace when required. This helps save costs for automotive companies because this solution does not require major changes to existing systems.

Rotary:

The rotary type of magnetic sensor is used to measure the angular position, velocity, and acceleration. It uses three orthogonal sensors which are mounted on a rotating platform together with an electronic controller that triggers them sequentially at required speeds. The system does not require any external input for measuring angle or speed changes so it can be used in applications where there is no access to outside measurements such as under-vehicle suspensions.

On the basis of Application, the global 3D magnetic sensors for automotive market is segmented into Commercial Vehicle, Passenger Vehicle.

On the basis of Region, the global 3D magnetic sensors for automotive market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The Asia Pacific is estimated to be the leading region in terms of market share as well as revenue generation during 2018 – 2028. China accounts for a major proportion of this growth due to increasing demand from the commercial vehicle sector. North America held the second-largest regional market size in 2017; however, it has been expected to register a relatively lower CAGR value over the forecast period (2018-2028). High preference towards truck and bus segment driving their sales volume will help drive the North American magnetic sensors industry at an impressive rate during the upcoming years. Europe accounted for third-highest shares both in terms of revenue and consumption worldwide. The European market is projected to grow at a healthy pace during (2018-2028). Growing demand for commercial vehicles in this region will boost the sales of the magnetic sensors industry. Latin America is expected to show positive growth prospects over the next few years. A rise in vehicle production coupled with increasing demand for commercial vehicles will drive the Latin American magnetic sensors market. Middle East & Africa accounted for relatively lower shares both in terms of revenue and consumption worldwide indicating the highest potential growth opportunities across Middle East countries during the forecast period.

Growth Factors For The Global 3D Magnetic Sensors For Automotive Market:

Key market factors that contribute to the growth of the global magnetic sensors for the automotive market are the growing demand for highly efficient, fuel-efficient, and environment-friendly vehicles. An increasing number of hybrid electric vehicles (HEV) across various countries is expected to drive industry demand over the next few years. New product launches by major companies such as Bosch GmbH & Co KG, Infineon Technologies AG, Renesas Electronics Corporation Limited, etc., have further increased adoption rates due to their advanced features like reduced size and weight with high sensitivity which ensures better vehicle safety. Furthermore, these new technologies offer multiple benefits including enhanced driving experience along with saving energy consumption while reducing CO emissions during the transportation process resulting in cost-effectiveness among consumers.

Up Market Research published a new report titled “3D Magnetic Sensor for Automotive Market research report which is segmented by Types (Linear 3D Magnetic Sensors, Rotary 3D Magnetic Sensors), By Applications (Commercial Vehicle, Passenger Vehicle), By Players/Companies Infineon, NXP, Melexis, ams, Allegro MicroSystems, STMicroelectronics”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global 3D Magnetic Sensor for Automotive Market Report Segments:

The market is segmented by Type Linear 3D Magnetic Sensors, Rotary 3D Magnetic Sensors and By Application Commercial Vehicle, Passenger Vehicle.

Some of the companies that are profiled in this report are:

1. Infineon
2. NXP
3. Melexis
4. ams
5. Allegro MicroSystems
6. STMicroelectronics

3D Magnetic Sensor for Automotive Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the 3D Magnetic Sensor for Automotive Market

Overview of the regional outlook of the 3D Magnetic Sensor for Automotive Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The 3D Magnetic Sensor for Automotive Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of 3D Magnetic Sensor for Automotive Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. By Type:

                1. Linear 3D Magnetic Sensors

                2. Rotary 3D Magnetic Sensors

                1. Commercial Vehicle

                2. Passenger Vehicle

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the 3D Magnetic Sensor for Automotive Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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• Correctly Positioning New Products
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Reasons to Purchase the 3D Magnetic Sensor for Automotive Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.