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On-Board Magnetics Market Process Estimates and Trend Analysis by 2018-2023
by Miller@21 · December 28, 2018
According to the new market research report “On-Board Magnetic Sensor Market by Type (Hall Effect Sensors Wholesale Nike NCAA Jerseys , Magnetoresistive Sensors, Squid Sensors), Magnetic Density (<1 Microgauss, 1 Microgauss鈥?0 Gauss, and >10 Gauss) Wholesale Cheap NCAA Jerseys , Vertical, Geography – Global Forecast to 2023″,the overall on-board magnetic sensor market is estimated to be worth USD 1.26 Billion in 2018 and expected to reach USD 1.89 Billion by 2023, growing at a CAGR of 8.4% between 2018 and 2023. The factors that are driving the growth of this market are the continuous growth in the use of on-board magnetic sensors for consumer electronics applications and role of on-board magnetic sensors in navigation.
Automotive vertical expected to hold major share of on-board magnetic sensor market during forecast period
The on-board magnetic sensor market for automotive is expected to hold the largest share by 2023. The aim of the automobile manufacturers to enhance the convenience and safety of drivers and passengers is expected to propel the demand for on-board magnetic sensors in the automotive vertical. In this vertical, on-board magnetic sensors are used in engine positioning Wholesale Authentic NCAA Jerseys , displacement, rotary positioning, linear positioning, timing, and angle sensing application. Moreover Wholesale NCAA Jerseys Free Shipping , the development of advanced vehicles, such as hybrid vehicles, and the increased production of passenger vehicles are the major factors fueling the demand for on-board magnetic sensors in the automotive vertical.
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>10 gauss (BIAS magnetic field sensor) magnetic density expected to hold major share of on-board magnetic sensor market between 2018 and 2023