Silicon
magnetic sensors are mostly used for security purposes. These
sensors are often regarded as switches or contacts. A magnetic sensor
is made up of two pieces that forms a circuit. On separating these
two pieces a signal is sent from the device. Usually magnetic sensors
are placed on windows, doors or other access point from where they
are invisible to others. Owing to the advantages associated with
silicon magnetic sensor, it is used extensively in automotive, global
positioning system, biomedical, satellite system and nanotechnology.
The global silicon magnetic sensor market can be segmented on the
basis of application, type, technology and geography. By application
the silicon magnetic sensor market can be segmented into automotive,
consumer electronics, industrial, medical, defense and others. Based
on type, the silicon magnetic sensor market can be bifurcated into
magneto resistive, Hall Effect, SQUID and others. Based on technology
the market can be divided into low field sensor technology, earth and
bias magnetic field sensor technology field sensor technology.
Increase
in the number of automotive industries coupled with growing demand
from the automotive industries for security purpose have boosted the
growth of silicon magnetic sensor market globally. Silicon magnetic
sensor can be used for several other purposes in automotive, such as
seed, linear angle and position measurements. In addition, increasing
demand of smart mobile devices is also expected to drive the global
silicon magnetic sensor market. Currently, navigation is very much
essential for mobile devices for which silicon magnetic sensor are
used extensively. This in turn is accelerating the growth of silicon
magnetic sensor market. Moreover, increasing popularity of electronic
compasses, high demand from gaming console and enormous use of
magnetic sensor in computing peripherals is also expected to drive
the demand of silicon magnetic sensor market in recent years.
However,
existing competition among the major industry players in one of the
major restraining factors for the growth of global silicon magnetic
sensor market. Consumers demand for low cost silicon magnetic
sensors, thus increasing competition among key industry players. In
addition, inconsistency in magnetic field, alternative technology
entering into the market, temperature fluctuations and unavailability
of aftermarket are also limiting industries to switch to silicon
magnetic sensor market. In spite of these restraining factors the
global silicon magnetic sensor market is expected to grow in the
coming years owing to the advantages associated with it.
In
2014, among the different type of application, automotive held the
largest share. In automotive sector silicon magnetic sensor is used
mostly in Antilock Breaking System (ABS). Moreover in automotive
silicon magnetic sensor is used in engine control management system.
The automotive segment is followed by consumer electronics segment.
Among
all the regions analyzed, Asia Pacific region held the largest share
in the silicon magnetic sensor market. Supportive government
policies, high demand for smart phones, automotives and existence of
key industry players are boosting the market of silicon magnetic
sensor in this region. North America is also expected to show a
stable growth for silicon magnetic sensor market owing to revised
government policy and magnetic sensor business expansion in this
region. The Europe is the mature market for silicon magnetic sensor
as the penetration level of the magnetic senor market is at the
highest point in this region.
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