Home > Semiconductors & Electronics > Sensors > Magnetoresistive Sensors Market

Magnetoresistive Sensors Market Share

Report ID: GMI9934
Published Date: Jun 2024
Report Format: PDF

Download Free Sample

Magnetoresistive Sensors Market Companies

The major players operating in the magnetoresistive sensors industry are:

Honeywell International Inc
Analog Devices, Inc.
Panasonic Corporation
Asahi Kasei Corporation
STMicroelectronics N.V.
TE Connectivity Ltd.
Amphenol Corporation

Magnetoresistance Sensor Industry News

In October 2023, Movano Health and ams OSRAM Collaborate to Deliver Accurate Lifestyle Monitoring Solutions for Women. This partnership combines Movano Health's expertise in health monitoring and data analytics with ams OSRAM's advanced sensor technologies, including magnetoresistive sensors. The goal is to develop innovative wearable devices that provide precise and real-time monitoring of key health metrics, such as heart rate variability, sleep patterns, and stress levels.
In June 2022, Melexis NV has expanded its Tunnel Magnetoresistance (TMR) sensor portfolio by introducing new high-temperature models. This expansion is aimed at addressing the increasing demand for robust and reliable sensing solutions in challenging environments. The new TMR sensors are capable of operating at elevated temperatures, making them suitable for automotive, industrial, and aerospace applications where high reliability and performance are critical. Melexis NV's TMR sensors offer enhanced sensitivity and accuracy, providing precise measurement capabilities even in extreme conditions.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Industry size for magnetoresistive sensors was worth USD 0.9 billion in 2023 and will grow at 7% CAGR between 2024 and 2032 due to the increasing demand for precise and reliable sensing technologies in automotive and consumer electronics.

The automotive segment captured 31% of the magnetoresistive sensors industry share in 2023, driven by increasing integration of these sensors in advanced driver assistance systems (ADAS), electric power steering, and gearbox applications.

Asia Pacific industry registered 41% share in 2023, attributed to rapid industrialization along with the expanding automotive and consumer electronics sectors in countries like China, Japan, and South Korea.

Key players operating in the magnetoresistive sensors industry are Honeywell International Inc, Analog Devices, Inc., Panasonic Corporation, Asahi Kasei Corporation, STMicroelectronics N.V., TE Connectivity Ltd., and Amphenol Corporation, are among others.