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Hall Effect Sensors Market Trends

  • Report ID: GMI10063
  • Published Date: Jun 2024
  • Report Format: PDF

Hall Effect Sensors Market Trends

Manufacturers of hall effect sensors are increasingly developing sensors to offer multiple functions within a single device. This shift toward multifunctionality in sensors is enabling them to carry out functions, such as rotation detection, position sensing, and current sensing, lowering the number of components required in a system and easing design complexity. Additionally, understanding the need to develop hall sensors that can produce accurate results in high temperatures, manufacturers are investing in advanced materials and encapsulation techniques to enhance the environmental durability of hall effect sensors. This will make them resistant to temperature extremes, moisture, vibration, and Electromagnetic Interference (EMI) and will result in improved reliability and durability in harsh environments such as in automotive, aerospace, and industrial sectors.
 

For instance, TDK’s TAD2140 sensor combines rotation and position sensing in one compact device, streamlining automotive systems by optimizing space and reducing design complexity. This multifunctionality simplifies system architecture, lowering the number of components required.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size for hall effect sensors was valued at USD 2.3 billion in 2023 and is estimated to register over 6% CAGR between 2024 and 2032, driven by the growing automotive industry.

Linear hall effect sensors market recorded over 55% share in 2023 and will expand rapidly through 2032, as they offer higher precision and accuracy in measuring linear displacement, position, and motion.

Asia Pacific market held 41% revenue share in 2023 and will expand rapidly through 2032, driven by growing adoption with solar and wind energy projects.

AKM (Asahi Kasei Microdevices), Allegro MicroSystems, Analog Devices, Honeywell International, Infineon Technologies, TDK Corporation, and TE Connectivity among others.

Hall Effect Sensors Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 19
  • Tables & Figures: 360
  • Countries covered: 23
  • Pages: 240
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