Magnetic Sensor Market projected to register a revenue-based CAGR of 6.8% from 2019 to 2025
Magnetic Sensor Industry Overview The global magnetic sensor market size was valued at USD 2.0 billion in 2018, while demand was estimated at 3,398.3 million units that year. The market is projected to register a revenue-based CAGR of 6.8% from 2019 to 2025. Increased integration of magnetic sensors in various industry verticals, backed by significant technological advancements in sensing techniques, is expected to boost market growth. Government mandates necessitating the integration of magnetic sensors in automobiles are expected to impact the market growth favorably. Magnetic sensors constitute a vital part of navigation systems used in cars and smartphones, as a result of which, their demand is expected to remain buoyant in these two sectors. Gather more insights about the market drivers, restrains and growth of the Global Magnetic Sensor Market On account of growing demand for magnetic sensors in the automotive sector, the market is estimated to ...