Market Overview:
The global hall-effect latches market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for miniaturization and higher efficiency in electronic devices, rising demand for automotive applications, and growing adoption of hall-effect switches in industrial applications. Based on type, the global hall-effect latches market is segmented into dual Hall-Effect latches, three-wire Hall-Effect switches, two wire Hall Effect switches, and micropower Hall effect switches. Dual Hall effect latches are expected to account for the largest share of the global hall effect latch market by type during the forecast period from 2018 to 2030. This can be attributed to their high reliability and low power consumption as compared with other types ofHall Effect Latches .
Product Definition:
Hall-Effect latches are a type of electronic switch that uses the magnetic field from a Hall Effect sensor to control power. They are used in many different applications, such as automotive engines, computers, and medical devices.
Dual Hall-Effect Latches:
Dual Hall-effect latches are a type of semiconductor device used in electronic equipment such as computers, mobile phones, and other consumer electronics. They are also used in industrial applications including power supplies and control devices. The growing demand for smartphones is expected to be the key driving factor for the global Hall-effect latches market over the forecast period.
The increasing number of smartphone users across various regions has led to an increased demand for advanced electronic devices with improved features.
Three-Wire Hall-Effect Switches:
Three-Wire Hall-effect switches and it's usage in Hall-effect latches market is a new technology that has been around for only about two decades. It was initially developed as an alternative to Two-Wire (2W) Hall Effect Switches, which are used in consumer electronics such as computers and televisions.
Application Insights:
The automotive segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growing adoption of electric vehicles, particularly in countries such as China and Germany, is expected to drive product demand. Furthermore, technological advancements such as hybrid vehicle technology are further anticipated to propel industry growth over the coming years.
The aerospace application segment was valued at USD 1.5 billion in 2017 owing to increasing use of Hall-effect devices for actuation purposes on account of their small size and low power consumption properties when compared with other technologies such as electromechanical relays or optical sensors among othersHall effect devices have numerous applications across various end-use industries including consumer electronics, transportation & logistics, industrial machinery/processes automation etc.
Regional Analysis:
The Asia Pacific region is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing product demand in countries such as China, India, and Japan. Furthermore, rising investments by governments for developing smart cities are expected to boost the adoption of Hall Effect devices in industrial applications.
North America held a significant share of global Hall-Effect latches market due to early technology adoption by major players such as Intel Corporation., Texas Instruments Inc., and National Semiconductor Corporation. Moreover, growing automotive industry is also anticipated to drive product demand over the next eight years.
Growth Factors:
- Increasing demand for miniaturization in electronic devices
- Rising demand from automotive industry
- Growing popularity of Hall-Effect Latches in consumer electronics sector
- Proliferation of IoT and smart devices
- Technological advancements and innovations
Scope Of The Report
Report Attributes
Report Details
Report Title
Hall-Effect Latches Market Research Report
By Type
Dual Hall-Effect Latches, Three-Wire Hall-Effect Switches, Two-Wire Hall-Effect Switches, Micropower Hall-Effect Switches
By Application
Automotive, Aerospace, Industrial, Others
By Companies
Texas Instruments, Diodes Incorporated, Melexis, Honeywell, Creatron, AKM, Nanjing AH Electronic Science & Technology Co., Ltd., Allegro, Infineon
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Hall-Effect Latches Market Report Segments:
The global Hall-Effect Latches market is segmented on the basis of:
Types
Dual Hall-Effect Latches, Three-Wire Hall-Effect Switches, Two-Wire Hall-Effect Switches, Micropower Hall-Effect Switches
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Aerospace, Industrial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Texas Instruments
- Diodes Incorporated
- Melexis
- Honeywell
- Creatron
- AKM
- Nanjing AH Electronic Science & Technology Co., Ltd.
- Allegro
- Infineon
Highlights of The Hall-Effect Latches Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Dual Hall-Effect Latches
- Three-Wire Hall-Effect Switches
- Two-Wire Hall-Effect Switches
- Micropower Hall-Effect Switches
- By Application:
- Automotive
- Aerospace
- Industrial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hall-Effect Latches 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 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hall-Effect latches are a type of electronic switch that uses the Hall effect to detect when a contact has been made. When two metal plates are pressed against each other, an electric current is created in the metal. This current can be used to detect when the plates have been touched, and this is what makes hall-effect latches so useful for electronic devices.
Some of the major companies in the hall-effect latches market are Texas Instruments, Diodes Incorporated, Melexis, Honeywell, Creatron, AKM, Nanjing AH Electronic Science & Technology Co., Ltd., Allegro, Infineon.
The hall-effect latches market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hall-Effect Latches Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Hall-Effect Latches Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Hall-Effect Latches Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Hall-Effect Latches Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Hall-Effect Latches Market Size & Forecast, 2020-2028 4.5.1 Hall-Effect Latches Market Size and Y-o-Y Growth 4.5.2 Hall-Effect Latches Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Dual Hall-Effect Latches
5.2.2 Three-Wire Hall-Effect Switches
5.2.3 Two-Wire Hall-Effect Switches
5.2.4 Micropower Hall-Effect Switches
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Aerospace
6.2.3 Industrial
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hall-Effect Latches Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hall-Effect Latches Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Dual Hall-Effect Latches
9.6.2 Three-Wire Hall-Effect Switches
9.6.3 Two-Wire Hall-Effect Switches
9.6.4 Micropower Hall-Effect Switches
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Aerospace
9.10.3 Industrial
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Dual Hall-Effect Latches
10.6.2 Three-Wire Hall-Effect Switches
10.6.3 Two-Wire Hall-Effect Switches
10.6.4 Micropower Hall-Effect Switches
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Aerospace
10.10.3 Industrial
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Dual Hall-Effect Latches
11.6.2 Three-Wire Hall-Effect Switches
11.6.3 Two-Wire Hall-Effect Switches
11.6.4 Micropower Hall-Effect Switches
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Aerospace
11.10.3 Industrial
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Dual Hall-Effect Latches
12.6.2 Three-Wire Hall-Effect Switches
12.6.3 Two-Wire Hall-Effect Switches
12.6.4 Micropower Hall-Effect Switches
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Aerospace
12.10.3 Industrial
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Dual Hall-Effect Latches
13.6.2 Three-Wire Hall-Effect Switches
13.6.3 Two-Wire Hall-Effect Switches
13.6.4 Micropower Hall-Effect Switches
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Aerospace
13.10.3 Industrial
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hall-Effect Latches Market: Competitive Dashboard
14.2 Global Hall-Effect Latches Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Texas Instruments
14.3.2 Diodes Incorporated
14.3.3 Melexis
14.3.4 Honeywell
14.3.5 Creatron
14.3.6 AKM
14.3.7 Nanjing AH Electronic Science & Technology Co., Ltd.
14.3.8 Allegro
14.3.9 Infineon