What is the projected growth rate of the magnetic sensors market?
The global magnetic sensors market is expected to grow at a CAGR of 5.7% from 2024 to 2031, driven by increasing adoption in consumer electronics, healthcare, and industrial automation.
Which region is expected to have the fastest growth in the magnetic sensors market?
The Asia Pacific region is expected to have the fastest growth in the magnetic sensors market due to its rapidly growing manufacturing and consumer electronics sectors.
Who are the major players in the magnetic sensors market?
Infineon Technologies, Asahi Kasei, Allegro Microsystems, TDK Corporation, and Melexis are some of the key players in the global magnetic sensors market.
Which applications are driving the demand for magnetic sensors?
Speed sensing, position sensing, and navigation are some of the key applications driving the demand for magnetic sensors. They are used in smartphones, tablets, wearables, and various industrial equipment.