Market Analysis And Research Reports: Magnetic Sensor Market Research, Analysis, Industry Type, Supply and Revenue 2019-2025 - 0 views
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emmaj3206 on 19 Jun 19"The global magnetic sensor market size is expected to reach USD 3.2 billion by 2025, exhibiting a 6.8% CAGR over the forecast period. Growing emphasis on automobile safety, coupled with steadily declining prices of sensors, has supported product demand. Integration of sophisticated technology in consumer electronics is also expected to drive the magnetic sensor market. In addition to smartphones, magnetic sensors are being increasingly integrated into wearables such as fitness bands and smartwatches. The trend of embedding these components with giant magnetoresistance (GMR) films has gained a lot of importance. This procedure aids in detecting and reading data from microelectromechanical systems (MEMS), such as MRAMs, temporary memory processing units, and hard drives."
