Market Overview:
The global magnetoresistive element market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for MR elements in high magnetic field applications and low magnetic field applications. In addition, the growing demand for MR elements in automotive and electronic appliances is also contributing to the growth of this market. However, factors such as limited supply of raw materials and stringent government regulations are restraining the growth of this market.
Product Definition:
A magnetoresistive element is a material that alters its electrical resistance in the presence of a magnetic field. This alteration can be used to measure the strength or orientation of the magnetic field. Magnetoresistive elements are used in many applications, including data storage, medical diagnostics, and navigation.
High magnetic field applications:
High magnetic field applications, it's usage.
The global high magnetic field applications, its usage and growth factor in the magnetoresistive element market size was valued at USD 2.5 billion in 2015. The increasing demand for HMI devices across various end-use industries such as automotive & transportation, medical & healthcare is expected to drive the industry over the forecast period.
Low magnetic field applications:
Low magnetic field is a new technology that has been developed to overcome the limitations of traditional techniques. The technique provides higher resolution and sensitivity for detecting smaller fields, which are typically unapproachable with conventional techniques. Low magnetic field applications include MRI scanners, spintronics based computers, nuclear magnetic resonance (NMR), and quantum computing among others.
The global Magnetoresistive Element market size was valued at USD 1.6 billion in 2018.
Application Insights:
The market is segmented by application into industrial machinery, aerospace, electronic appliances and car traffic. Magnetoresistive element is widely used in industrial machinery as they provide high magnetic field applications. The increasing demand for advanced technology equipment in industries such as oil & gas, power generation and transportation is expected to drive the growth of this application segment over the forecast period.
Aerospace was the largest revenue generating segment owing to growing use of MR elements for providing critical magnetic field strength needed for shielding and other applications such as read head on hard disk drives or CD/DVD drives in computers and laptops. The automotive sector also holds significant potential due to increasing adoption of magnetoresistive sensors that are used for various functions including airbag deployment, ignition key recognition among others.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The growth can be attributed to the presence of major players such as Maxim Integrated Products Inc.; Infineon Technologies; and Texas Instruments Inc. In addition, rising demand for magnetoresistive sensors across various end-use industries is expected to drive regional market growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing government initiatives for manufacturing vehicles with reduced weight and improved fuel efficiency coupled with growing automotive industry in countries such as China, India, Japan, South Korea and Taiwan.
Growth Factors:
- Increasing demand for MRAM in data storage applications
- Growing popularity of MRAM in automotive and industrial applications
- Rising demand for low-power, high-performance memory devices
- Proliferation of next-generation data centers and cloud computing infrastructure
- Growing number of magnetic sensor applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnetoresistive Element Market Research Report
By Type
High magnetic field applications, Low magnetic field applications
By Application
Industrial Machinery, Aerospace, Electronic Appliances, Car Traffic
By Companies
BOSCH, Sensirion, OMRON, AMS, Nenvitech, MEMS Vision, IDT, TDK, David Lai Sensing, Hanwei Electronics, Leanstar, Cubic Sensor and Instrument
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Magnetoresistive Element Market Report Segments:
The global Magnetoresistive Element market is segmented on the basis of:
Types
High magnetic field applications, Low magnetic field applications
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
Industrial Machinery, Aerospace, Electronic Appliances, Car Traffic
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:
- BOSCH
- Sensirion
- OMRON
- AMS
- Nenvitech
- MEMS Vision
- IDT
- TDK
- David Lai Sensing
- Hanwei Electronics
- Leanstar
- Cubic Sensor and Instrument
Highlights of The Magnetoresistive Element 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:
- High magnetic field applications
- Low magnetic field applications
- By Application:
- Industrial Machinery
- Aerospace
- Electronic Appliances
- Car Traffic
- 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 Magnetoresistive Element 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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 magnetoresistive element is a material that can resist the flow of an electric current. This property makes it useful in devices such as hard drives and memory cards, where resistance to data read or write is important.
Some of the major companies in the magnetoresistive element market are BOSCH, Sensirion, OMRON, AMS, Nenvitech, MEMS Vision, IDT, TDK, David Lai Sensing, Hanwei Electronics, Leanstar, Cubic Sensor and Instrument.
The magnetoresistive element market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Magnetoresistive Element 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 Magnetoresistive Element Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Magnetoresistive Element 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 Magnetoresistive Element 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 Magnetoresistive Element Market Size & Forecast, 2020-2028
4.5.1 Magnetoresistive Element Market Size and Y-o-Y Growth
4.5.2 Magnetoresistive Element 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 High magnetic field applications
5.2.2 Low magnetic field applications
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 Industrial Machinery
6.2.2 Aerospace
6.2.3 Electronic Appliances
6.2.4 Car Traffic
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Magnetoresistive Element 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 Magnetoresistive Element 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 High magnetic field applications
9.6.2 Low magnetic field applications
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 Industrial Machinery
9.10.2 Aerospace
9.10.3 Electronic Appliances
9.10.4 Car Traffic
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 High magnetic field applications
10.6.2 Low magnetic field applications
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 Industrial Machinery
10.10.2 Aerospace
10.10.3 Electronic Appliances
10.10.4 Car Traffic
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 High magnetic field applications
11.6.2 Low magnetic field applications
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 Industrial Machinery
11.10.2 Aerospace
11.10.3 Electronic Appliances
11.10.4 Car Traffic
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 High magnetic field applications
12.6.2 Low magnetic field applications
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 Industrial Machinery
12.10.2 Aerospace
12.10.3 Electronic Appliances
12.10.4 Car Traffic
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 High magnetic field applications
13.6.2 Low magnetic field applications
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 Industrial Machinery
13.10.2 Aerospace
13.10.3 Electronic Appliances
13.10.4 Car Traffic
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 Magnetoresistive Element Market: Competitive Dashboard
14.2 Global Magnetoresistive Element Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BOSCH
14.3.2 Sensirion
14.3.3 OMRON
14.3.4 AMS
14.3.5 Nenvitech
14.3.6 MEMS Vision
14.3.7 IDT
14.3.8 TDK
14.3.9 David Lai Sensing
14.3.10 Hanwei Electronics
14.3.11 Leanstar
14.3.12 Cubic Sensor and Instrument
