Market Overview:
The global magnetoresistance sensor market is expected to grow at a CAGR of 9.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for magnetic field measurement, biomolecular detection, thin-film solar cells, and magnetic storage applications. Additionally, the growing demand for transistors and three-dimensional measurement applications is also contributing to the growth of the magnetoresistance sensor market. However, high manufacturing costs and limited technological advancements are restraining the growth of this market. On basis of type, giant magnetoresistance sensors held a major share in 2017 and is expected to maintain its dominance during forecast period owing to their ability detect minute changes in magnetic fields with high accuracy.
Product Definition:
A magnetoresistance sensor is a device that detects and measures the strength of a magnetic field. The importance of magnetoresistance sensors lies in their ability to measure very weak magnetic fields with great accuracy. This makes them ideal for use in applications such as medical diagnostics and navigation systems.
Giant Magnetoresistance Sensors:
GMR sensors are giant magneto-resistance transducers that work on the principle of change in resistance when an external magnetic field is applied. The technology was first commercialized by Robert Bosch GmbH in the year 2000 and has been used extensively for temperature measurement applications ever since.
The market for GMR sensors was valued at over USD 1 billion in 2012.
Anisotropic Magnetoresistance Sensors:
Anisotropic magnetoresistance sensors are used in magnetic memory devices and hard drives to determine the tracks on a disk. Anisotropic magnetoresistance is a property exhibited by certain materials wherein the resistance to changing magnetic fields varies with applied torque. The change in resistivity with respect to an increase or decrease in field strength is known as anisotropy.
The technology has wide applications, including data storage devices, consumer electronics, automotive industry and medical equipment among others.
Application Insights:
Magnetoresistance sensors find applications in various devices such as magnetic field measurement, biomolecular detection, thin-film solar cells, magnetic storage devices, transistors and other electronics components etc. In 2017, the Biomolecule Detection segment dominated the market with a revenue share of over 30% owing to increasing usage of MRI for molecular imaging.
The Magnetic Field Measurement segment is expected to witness lucrative growth during the forecast period due to rising demand for highly sensitive and accurate measurement solutions across various industries. Magnetoresistance based sensors provide high resolution measurements by utilizing their own internal quantum noise which cannot be measured by conventional resistive or capacitive sensing techniques. These factors are anticipated to drive product demand in future years.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of research institutes and companies involved in R&D activities related to MR sensors. The U.S.-based organizations such as National Institute of Standards and Technology (NIST) are engaged in developing new standards for magnetoresistance sensors, which is expected to drive regional growth over the forecast period.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to increasing demand from end-use industries such as medical, automotive, aerospace etc., due to rising population and improving economic conditions across various countries including China, Japan, South Korea among others will boost regional demand for magnetoresistance sensor technology products over next eight years (2018 - 2030). Moreover, growing investments by prominent players on product development will further propel industry expansion during this period.
Growth Factors:
- Increasing demand for MR sensors in automotive and industrial applications
- Growing popularity of MR sensors in wearable devices
- Rising demand for miniaturized and low-power MR sensors
- Proliferation of Internet of Things (IoT) and connected devices
- Advances in nanotechnology that enable the development of smaller, more sensitive MR sensors
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnetoresistance Sensor Market Research Report
By Type
Giant Magnetoresistance Sensors, Anisotropic Magnetoresistance Sensors, Tunnel Magnetoresistance Sensors, Thin-Film Magnetoresistance Sensors, Others
By Application
Magnetic Field Measurement, Biomolecular Detection, Thin-Film Solar Cells, Magnetic Storage, Transistors, Three-Dimensional Measurement, Others
By Companies
AMS (Austria), Murata (Japan), TE Connectivity (Switzerland), Asahi Kasei Micro Devices Corporation (Japan), Honeywell International Inc. (US), Analog Devices (US), NXP Semiconductor N.V.(Netherlands), Infineon Technologies AG (Germany), Memsic Inc. (US), Robert Bosch Gmbh (Germany), AMS (Austria)
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
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Magnetoresistance Sensor Market Report Segments:
The global Magnetoresistance Sensor market is segmented on the basis of:
Types
Giant Magnetoresistance Sensors, Anisotropic Magnetoresistance Sensors, Tunnel Magnetoresistance Sensors, Thin-Film Magnetoresistance Sensors, Others
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
Magnetic Field Measurement, Biomolecular Detection, Thin-Film Solar Cells, Magnetic Storage, Transistors, Three-Dimensional Measurement, 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:
- AMS (Austria)
- Murata (Japan)
- TE Connectivity (Switzerland)
- Asahi Kasei Micro Devices Corporation (Japan)
- Honeywell International Inc. (US)
- Analog Devices (US)
- NXP Semiconductor N.V.(Netherlands)
- Infineon Technologies AG (Germany)
- Memsic Inc. (US)
- Robert Bosch Gmbh (Germany)
- AMS (Austria)
Highlights of The Magnetoresistance Sensor 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:
- Giant Magnetoresistance Sensors
- Anisotropic Magnetoresistance Sensors
- Tunnel Magnetoresistance Sensors
- Thin-Film Magnetoresistance Sensors
- Others
- By Application:
- Magnetic Field Measurement
- Biomolecular Detection
- Thin-Film Solar Cells
- Magnetic Storage
- Transistors
- Three-Dimensional Measurement
- 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 Magnetoresistance Sensor 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?
A magnetoresistance sensor is a type of electronic sensor that uses the resistance of a material to change in response to an applied magnetic field. This allows the sensor to measure small changes in magnetic field strength, which can be used for various purposes such as detecting movement or positioning.
Some of the major players in the magnetoresistance sensor market are AMS (Austria), Murata (Japan), TE Connectivity (Switzerland), Asahi Kasei Micro Devices Corporation (Japan), Honeywell International Inc. (US), Analog Devices (US), NXP Semiconductor N.V.(Netherlands), Infineon Technologies AG (Germany), Memsic Inc. (US), Robert Bosch Gmbh (Germany), AMS (Austria).
The magnetoresistance sensor market is expected to register a CAGR of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Magnetoresistance Sensor 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 Magnetoresistance Sensor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Magnetoresistance Sensor 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 Magnetoresistance Sensor 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 Magnetoresistance Sensor Market Size & Forecast, 2018-2028
4.5.1 Magnetoresistance Sensor Market Size and Y-o-Y Growth
4.5.2 Magnetoresistance Sensor Market Absolute $ Opportunity
Chapter 5 Global Magnetoresistance Sensor 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 Magnetoresistance Sensor Market Size Forecast by Type
5.2.1 Giant Magnetoresistance Sensors
5.2.2 Anisotropic Magnetoresistance Sensors
5.2.3 Tunnel Magnetoresistance Sensors
5.2.4 Thin-Film Magnetoresistance Sensors
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Magnetoresistance Sensor 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 Magnetoresistance Sensor Market Size Forecast by Applications
6.2.1 Magnetic Field Measurement
6.2.2 Biomolecular Detection
6.2.3 Thin-Film Solar Cells
6.2.4 Magnetic Storage
6.2.5 Transistors
6.2.6 Three-Dimensional Measurement
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Magnetoresistance Sensor 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 Magnetoresistance Sensor 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 Magnetoresistance Sensor Analysis and Forecast
9.1 Introduction
9.2 North America Magnetoresistance Sensor 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 Magnetoresistance Sensor Market Size Forecast by Type
9.6.1 Giant Magnetoresistance Sensors
9.6.2 Anisotropic Magnetoresistance Sensors
9.6.3 Tunnel Magnetoresistance Sensors
9.6.4 Thin-Film Magnetoresistance Sensors
9.6.5 Others
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 Magnetoresistance Sensor Market Size Forecast by Applications
9.10.1 Magnetic Field Measurement
9.10.2 Biomolecular Detection
9.10.3 Thin-Film Solar Cells
9.10.4 Magnetic Storage
9.10.5 Transistors
9.10.6 Three-Dimensional Measurement
9.10.7 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 Magnetoresistance Sensor Analysis and Forecast
10.1 Introduction
10.2 Europe Magnetoresistance Sensor 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 Magnetoresistance Sensor Market Size Forecast by Type
10.6.1 Giant Magnetoresistance Sensors
10.6.2 Anisotropic Magnetoresistance Sensors
10.6.3 Tunnel Magnetoresistance Sensors
10.6.4 Thin-Film Magnetoresistance Sensors
10.6.5 Others
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 Magnetoresistance Sensor Market Size Forecast by Applications
10.10.1 Magnetic Field Measurement
10.10.2 Biomolecular Detection
10.10.3 Thin-Film Solar Cells
10.10.4 Magnetic Storage
10.10.5 Transistors
10.10.6 Three-Dimensional Measurement
10.10.7 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 Magnetoresistance Sensor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Magnetoresistance Sensor 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 Magnetoresistance Sensor Market Size Forecast by Type
11.6.1 Giant Magnetoresistance Sensors
11.6.2 Anisotropic Magnetoresistance Sensors
11.6.3 Tunnel Magnetoresistance Sensors
11.6.4 Thin-Film Magnetoresistance Sensors
11.6.5 Others
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 Magnetoresistance Sensor Market Size Forecast by Applications
11.10.1 Magnetic Field Measurement
11.10.2 Biomolecular Detection
11.10.3 Thin-Film Solar Cells
11.10.4 Magnetic Storage
11.10.5 Transistors
11.10.6 Three-Dimensional Measurement
11.10.7 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 Magnetoresistance Sensor Analysis and Forecast
12.1 Introduction
12.2 Latin America Magnetoresistance Sensor 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 Magnetoresistance Sensor Market Size Forecast by Type
12.6.1 Giant Magnetoresistance Sensors
12.6.2 Anisotropic Magnetoresistance Sensors
12.6.3 Tunnel Magnetoresistance Sensors
12.6.4 Thin-Film Magnetoresistance Sensors
12.6.5 Others
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 Magnetoresistance Sensor Market Size Forecast by Applications
12.10.1 Magnetic Field Measurement
12.10.2 Biomolecular Detection
12.10.3 Thin-Film Solar Cells
12.10.4 Magnetic Storage
12.10.5 Transistors
12.10.6 Three-Dimensional Measurement
12.10.7 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) Magnetoresistance Sensor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Magnetoresistance Sensor 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) Magnetoresistance Sensor Market Size Forecast by Type
13.6.1 Giant Magnetoresistance Sensors
13.6.2 Anisotropic Magnetoresistance Sensors
13.6.3 Tunnel Magnetoresistance Sensors
13.6.4 Thin-Film Magnetoresistance Sensors
13.6.5 Others
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) Magnetoresistance Sensor Market Size Forecast by Applications
13.10.1 Magnetic Field Measurement
13.10.2 Biomolecular Detection
13.10.3 Thin-Film Solar Cells
13.10.4 Magnetic Storage
13.10.5 Transistors
13.10.6 Three-Dimensional Measurement
13.10.7 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 Magnetoresistance Sensor Market: Competitive Dashboard
14.2 Global Magnetoresistance Sensor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AMS (Austria)
14.3.2 Murata (Japan)
14.3.3 TE Connectivity (Switzerland)
14.3.4 Asahi Kasei Micro Devices Corporation (Japan)
14.3.5 Honeywell International Inc. (US)
14.3.6 Analog Devices (US)
14.3.7 NXP Semiconductor N.V.(Netherlands)
14.3.8 Infineon Technologies AG (Germany)
14.3.9 Memsic Inc. (US)
14.3.10 Robert Bosch Gmbh (Germany)
14.3.11 AMS (Austria)
