Transparency Market Research delivers key insights on the global hall-effect sensors market. In terms of revenue, the global hall-effect sensors market is estimated to expand at a CAGR of ~7% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global hall-effect sensors market.
The global hall-effect sensors market is broadly affected by several factors, including usage of hall-effect sensors in automotive sector and increasing applications in the consumer electronics sector. Thus, expanding applications of hall-effect sensors in different sectors are propelling the global market for hall-effect sensors.
Hall-effect Sensors Market: Dynamics
Hall-sensors are extensively used in the automotive industry. They are used to control displacements and rotations of various parts of the vehicle, vibrations of the engine, the ignition system, etc. Hall-effect sensors are also popular in automotive sensors, since these are used to control the ignition system of the vehicle. Hall sensors are commonly used to time the speed of wheels and shafts, such as for internal combustion engine ignition timing, tachometers, and anti-lock braking systems. They are used in brushless DC electric motors to detect the position of the permanent magnet. A number of automotive and telecommunication electronic devices has started incorporating electronic compasses as part of navigational equipment for the purpose of identifying the real-time location of the device itself, leading to the usage of hall-effect sensors in the automotive and telecommunication sectors.
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The global electronics industry, which comprises manufacturers of mobile phones and other electronic devices, is growing significantly, as demand for high-end electronic devices is on the rise. The emergence of new technologies, such as artificial intelligence (AI) and voice recognition is further boosting the demand for electronic devices worldwide. Hall-effect sensors are commonly seen in industrial applications such as the pictured pneumatic cylinder. They are also used in consumer equipment; for instance, some computer printers use them to detect missing paper and open covers. These applications of hall-effect sensors in consumer electronics are significant for market growth. On the other hand, government efforts to boost the electronics sector are also projected to have a positive impact on the global hall-effect sensors market during the forecast period.
Hall-effect sensor detects a South Pole with the front side of the sensor. This means that the other side of the sensor will detect a North Pole. Sensors are placed alternately in the tool. In the event of external and strong magnetic fields in the surroundings of the hall-effect sensors, it might cause inconsistency in the results required. In devices embedded with hall-effect sensors, every single sensor of these devices detects a magnetic field in order to give an output signal. If a magnet is accidentally placed wrong on the rotor, then the sensor is unable to detect a magnetic field as the front of the sensor is facing the North Pole of the magnet (or the back side of the sensor is facing the South Pole of the magnet).
Hall-effect Sensors Market: Prominent Regions
The hall-effect sensors market in North America is expected to be expand during the forecast period, owing to the presence of key market players, technological advancements, and growth of consumer electronics and industrial automation in the region. The hall-effect sensors market in Europe is projected to be witness favorable growth during the forecast period, as rise in industrial activities and expansion of the automotive sector in the region are significant. The Asia Pacific hall-effect sensors market is likely to be expand during the forecast period, owing to the presence of a large number of players designing and producing hall-effect sensors.
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Hall-effect Sensors Market: Key Players
Key players operating in the global hall-effect sensors market are ABB, Allegro MicroSystems, LLC, Asahi Kasei Microdevice Corporation, Broadcom, Honeywell International Inc., Infineon Technologies AG, Kohshin Electric Corporation, LEM Holding SA, Melexis NV, STMicroelectronics, and TDK Corporation.