- The magnetometer, also known as a magnetic sensor, is a sensor for measuring magnetic induction, which is an important sensor module in all types of aircraft and spacecraft. It is also widely used in other fields, such as agriculture, industry, defense, as well as biology, medicine, aerospace, interplanetary research, etc.; presently few technology fields remain that do not require magnetic field measurement.
- The device measures the magnetic flux density in Tesla units. The magnetic flux density in air is directly proportional to the strength of magnetic field; hence, the magnetometer sensor Market can detect the magnetic fluctuations of the earth’s magnetic field.
- The magnetometer sensor is commonly used in anti-braking systems in automotive; in navigation, and mineral exploration to search for elements such as gold, silver, iron copper, and others. Most modern smartphones use magnetometer for navigational purposes. Apart from these applications, it is used in defense to navigate unmanned aerial aircrafts.
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- It is also used for open/close detection of windows and doors in connected houses, joystick for controllers, digital crown and digital bezel for smart watches, operation dial for home appliances and factory automation equipment, opening angle detection for foldable smartphones, stroke detection for industrial air cylinders, etc.
- The major applications are compact electronic devices such as smartphones, tablets and game console controllers, all kinds of wearable devices or IoT devices and applications that demand high position and orientation precision such as virtual, augmented or mixed reality (VR, AR, and MR) or indoor navigation
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Rising demand for Magnetometer Sensor in Automotive Industry
- Based on end-use industry, the market can be segmented into consumer electronics, aerospace and defense, automotive, marine, industrial, telecommunication and others
- The Automotive segment of the global magnetometer sensor market is projected to expand at a rapid pace during the forecast period due to an increase in use of magnetometer sensor for multipurpose camera, in cabin sensing, smart window lift module, smart power closure module, etc.
- In the case of automotive applications, GMR and TMR sensors have demonstrated less power consumption than mW and µW during continuous operation. They are also easily accommodated in package sizes less than their counterparts. Thus, they are finding increasing deployment in auto parts.
- Magnetometer sensor also offers many advance features such as high sensitivity, lowest RMS noise, less current consumption, and miniature dimension etc.
- Moreover, hall and GMR-based magnetic sensors are increasingly being used for motorcycles, three-wheel, and all-terrain vehicle applications are increasing in automotive industry.
- Increase in demand and penetration of electric vehicles and hybrid electric vehicles and the use of GPS in automobiles may also fuel the demand for magnetic sensors from the automotive industry
- Increasing use of magnetometer sensor for technological advances in IoT, electric and hybrid vehicles, and high-quality sensing devices is further propelling the market
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North America to Lead Global Magnetometer Sensor Market
- In terms of region, the global magnetometer sensor market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
- Expansion of the global market can be attributed to applications of magnetometer sensor in consumer electronic industries because of the increasing usage of smart home devices such as wireless security systems, service robots, smart door locks, and other home appliances by consumers, which increases the need for innovative and advanced technology in consumer electronic devices. Moreover, demand for innovative and advanced technology is expected to further propel the magnetometer sensor market across the globe.
- The magnetometer sensor market in North America is expected to expand at a high growth rate due to the presence of major players in the region and increased competition among them. The market in Europe is likely to show a uniform growth rate during forecast period because of less competition in the market in the region.
Key players operating in the global magnetometer sensor market include:
- Asahi Kasei Corporation
- Infineon Technologies AG
- Melexis
- NXP Semiconductors
- Bosch Sensortec GmbH
- Honeywell International Inc
- TE Connectivity
- MEMSIC Semiconductor (Tianjin) Co., Ltd.
- Bartington Instruments Ltd
- PNI Sensor
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