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The Hall Effect Sensor market is projected to grow at a CAGR of 7.64% to reach US$1622.185 million by 2023, from US$1042.705 million in 2017. The values obtained are correlated with the primary inputs of the key stakeholders in the hall effect sensor market value chain.
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Hall Effect Sensor Market Forecast From 2019 to 2024
DESCRIPTION As per the latest reports by Knowledge Sourcing Intelligence, The Hall Effect Sensor market is projected to grow at a CAGR of 7.64% to reach US$1622.185 million by 2023, from US$1042.705 million in 2017. Hall effect sensor are small devices, programmed to conduct current at different voltages in response to presence of magnetic fields. They are used for speed and position detection, and in current sensing applications. The demand for hall effect sensors will grow during the forecast period on account of rising research and development expenditure on these sensors and their varied use across industry vertical including automotive, consumer electronics, medical, aerospace, and the likes. Asia Pacific region held a substantial share of the market because of high integration of these devices in different applications and the region will also see many growth opportunities due to rising production of consumer electronics and automotive in emerging economies like China, India, South Korea, among others.
Key Questions Answered By The Report • What will be Hall Effect Sensor Marketfrom 2019 to 2024? • How are the major drivers and restraints affecting the Hall Effect Sensor Market? • growth and the opportunities which exist for key vendors? • Which segment and region will drive or lead the market growth and why? • A comprehensive analysis of competitive landscape and key market participant’s behavior • Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth
Segments Covered Under Hall Effect Sensor Market are : • By Type • Open Loop • Closed Loop • By Output • Analog • Digital • By End-User Industries • Automotive • Consumer Electronics • Aerospace and Defense • Telecommunication • Medical
Geography North America USA Canada Mexico Others South America Brazil Argentina Others Europe Germany France United Kingdom Spain Others
Geography Middle East and Africa Saudi Arabia Israel Others Asia Pacific China Japan South Korea India Others
COMPANY PROFILES • Electrohms Private Limited • Allegro MicroSystems, LLC (A subsidiary of Sanken Electric Co., Ltd.) • Asahi Kasei Corporation • Infineon Technologies AG • STMicroelectronics • Pulse Electronics • Koshin Electric Corporation • Melexis • TDK-Micronas GmbH (A subsidiary under TDK Corporation) • AZoNetwork
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