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3D Magnetic Sensor Market Segmented By type that is rotary and linear 3D magnetic sensors, and by application that is automotive, consumer electronics, industrial.
The semiconductor industry has facilitated the production of huge quantity of cost-effective sensors for high valued applications including industrial motors, automobile segment, and low-cost consumer electronics segment. 3D magnetic sensors are designed to achieve three dimensional sensing with a low power consumption with a capability of measuring 3D linear and rotational movement.
It includes a small 6-pin package and contactless position sensing which results into increased communication speed and temperature stability and bidirectional communication between the microcontroller and sensor. An integrated wake-up function in a 3D magnetic sensor helps to lower the system power consumption.
3D sensors provide various advantages such as high-performance and low implementation and maintenance cost. They are used in extensive range of automotive, consumer electronics, and industrial applications including indicators, gearsticks, joysticks, e-meters and control knobs.
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Factors such as increasing their manufacturing capability of sensors and continuous demand by the automobile industry are the primary factors driving the growth of 3D magnetic sensor market. Moreover, increasing usage of 3D magnetic sensors in gaming peripherals is also resulting into the growth of 3D magnetic sensor market.
However, high initial investment is a factor causing a hindrance in the growth of 3D magnetic sensor market.
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North America 3D magnetic sensor market holds the largest market share and is expected to dominate the market in the near future owing to industrial robot automation and the presence of several large automobile companies in this region followed by Europe.
Asia Pacific contributes a significant market share in 3D magnetic sensor market due presence of semiconductor manufacturers in this region. Latin America and MEA region are expected to show a moderate growth rate in 3D magnetic sensor market driven by the automobile industry.
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Allegro MicroSystems, Infineon Technologies, NXP Semiconductors, STMicroelectronics, Analog Devices, Asahi Kasei, Bosch, Honeywell International, Micronas Semiconductor are some of the key players in 3D magnetic sensor market.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
