Multiple Applications Within Automotive Industry Increase Usage Of Magnetic Sensors

DUBLIN, Ireland--Research and Markets (http://www.researchandmarkets.com/reports/c51813) has announced the addition of the new Frost & Sullivan Report “World Magnetic Sensor Components and Modules/Sub-systems Markets” to their offering.

This Frost & Sullivan research service titled World Magnetic Sensor Components and Modules/Sub-systems Markets provides an overview and outlook for the above-mentioned markets. This study has been segmented into eleven technology segments, four geographic segments, and ten end-user segments. It also includes detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Analyst Interviews are available to the press.

Market Overview

Multiple Applications within Automotive Industry Increase Usage of Magnetic Sensors

The growth of automotive electronic control systems, driven largely by safety and driver convenience features, is expected to significantly propel demand for sensor technologies. As a result, magnetic sensors, with their proven cost efficiency and performance, are fast developing as a key technology for position, displacement, rotary position, linear position, timing, and angle. Magnetic modules find their importance in position sensing, anti-lock braking (ABS) systems, as well as navigation and the growing usage of navigation systems in automobiles is greatly aiding the market growth for magnetic modules. Considering that the automotive applications segment has been a key determinant of the demand for magnetic sensors, these developments are likely to further drive this demand throughout the forecast period.

In addition to this, the increasing demand from computer peripherals and electronic products is likely to be an added driver for the global magnetic sensor components and modules/sub-systems markets. Magnetic sensor components as well as magnetic modules/sub-systems find important applications in computer peripherals and consumer electronic products such as cameras, DVD players, hard disk drives, video-cassette players, printers, cell phones, and washing machines, notes the analyst of this research service. Magnetic sensor components such as Hall elements, Hall ICs, AMRs, and GMRs are used extensively in these products and the penetration of navigation systems in everyday products is likely to further boost the use of magnetic modules.

Demand for Low-cost Sensors from Customers Hinders Supply

A notable challenge for manufacturers of Hall Effect (HE) sensors lies in the growing demand for lower-priced products. This challenge is at present predominant in the office equipment market and has largely hindered the supply of HE sensors for use in office equipment such as printers and copy machinery. Further, the impact of this challenge is fast increasing in the medical equipment application segment and even in the automotive market, there is a demand for a reduction in the price of these sensors as some of the end-users are ready to use mechanical switches instead of HE sensors.

The global magnetic sensor components and modules/sub-systems markets are being witness to increasing changes and participants are rapidly working at expanding the scope of magnetic sensors to target end-user applications that were not explored before. Although magnetic sensors such as HE have been in the market for over two decades, continuous enhancements make it a competitive sensor type with expanding applications, says the analyst. Among the end-user segments, while the computer peripherals and consumer durables market accounted for close to 40.1 percent of the total market revenues in 2005, the share of the automotive end-user market stood at 35.7 percent.

For more information, visit http://www.researchandmarkets.com/reports/c51813