Global magnetoresistive sensor market
Global magnetoresistive sensor market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 7.7% during forecast period. 
The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.Market DefinitionMangetoresistive sensors are the small electronic components which are designed to detect an applied magnetic field. Magnetoresistive sensors are very small and because of their unique material, they are robust and consume exceptionally low energy. They are specially used in areas where there is irregular energy supply.Market DynamicsGrowing market for consumer electronics and automotive industry across the globe is major driving factor behind the growth of market. Surge in the demand of magnetoresistive sensors in both high field as well as low field applications, such as path and angle measurement, determination of magnetic fields, highly dynamic current measurement, contactless switches and in dynamic measurements under extreme conditions, for instance, in vehicle engines are expected to improve the growth of market during forecast period. Magnetoresistive sensors provides some benefits such as low manufacturing cost, extremely precise measurements, increased flexibility, robustness and low energy consumption, which are ultimately propelling the growth of market. Growing adoption of magnetoresistive sensor in various applications such as in aerospace and defence and in high end medical devices is further driving the growth of market.However, complicated set up and high sensitivity to temperature are major restraining factors that could hinder the growth of market.Global Magnetoresistive Sensor Market: Segmentation AnalysisBy type, giant magnetoresistive (GMR) sensor segment dominated the market in 2019 and is expected to maintain its dominance at CAGR of XX% during forecast period. The growth is attributed to the wide scale adoption of GMR sensors in various industrial application area including consumer electronics, automotive, healthcare, microelectronics, biotechnology, aerospace and defence industry. Surge in the demand of GMR magnetoresistive sensors to read data in hard disk drives, in microelectromechanical systems, magnetoresistive random-access memory (MRAM), in biosensors and spin-valve sensors and in other position and current detection devices is expected to propel the growth of market during forecast period. Alternatively, Thin-Film magnetoresistance and anisotropic sensors segment are projected to witness fast growth at CAGR of XX% during forecast period. The recent advances in thin film deposition technology have allowed researchers to create nanostructured multilayer devices, which is contributed in the growth of market.Global Magnetoresistive Sensor Market: Regional AnalysisRegion wise, North America held the largest market share in 2019 and is expected maintain its dominance at CAGR of XX% during forecast period. The US and Canada are major key contributors behind the growth of market. This is owing to the high adoption of various magnetoresistive sensors in industrial applications. Growing market for flexible electronics industry is driving the growth of market.Growing research and developments, technological advancements in sensor industry and massive presence of magnetoresistive manufacturing companies across the region are further propelling the growth of market in the region.Global Magnetoresistive Sensor Market: Key DevelopmentIn Oct 2019, TE Connectivity (TE), a world leader in connectivity and sensors, has introduced the KMA36 Magnetic Encoder IC. Additionally, its Anisotropic Magnetoresistive (AMR) technology enables precise and contactless 360° measurement over an external magnet and in linear applications, the KMA36 can determine incremental positions on a magnetic pole strip.In Oct 2017, Murata Manufacturing Co., Ltd. has expanded its lineup of magnetic sensors by introducing the MRES series, an analog output AMR sensor.The objective of the report is to present a comprehensive analysis of the Global Magnetoresistive Sensor Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Magnetoresistive Sensor Market dynamics, structure by analyzing the market segments and projects the Global Magnetoresistive Sensor Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Magnetoresistive Sensor Market make the report investor’s guide.
