Magnetic Sensor Market Research Report
Product ID: 1258839 Publisher: Stratistics Market Research Consulting
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According to Stratistics MRC, the global market for magnetic sensors was valued at 5.2 billion USD in 2022 and is expected to reach 9.1 billion USD by 2028, growing at a CAGR of 9.7% during the forecast period. Magnetic sensors can measure and monitor the direction, flux, and strength of magnetic fields. These sensors demonstrate superiority in measuring mechanical parameters such as rotational angle and angular velocity in a non-contact manner without wear. Sensors that play a role in automating processes to improve efficiency and accuracy have become essential elements in manufacturing processes. Real-time data processing using magnetic sensors can alert to speed-related issues. Furthermore, they also facilitate communication between a vehicle's suspension, brakes, and other control devices. According to a report released by the International Council on Clean Transportation (ICCT), the total sales of EVs in Europe are estimated to reach 2.3 million units, representing a 66% increase compared to the previous year.
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Publication Date: April 1, 2023 Issued by: Stratistics Market Research Consulting Page Information: English 175+ Pages Table of Contents Chapter 1 Executive Summary Chapter 2 Preface Chapter 3 Market Trend Analysis Chapter 4 Porter's Five Forces Analysis Chapter 5 Global Magnetic Sensor Market: By Technology Chapter 6 Global Magnetic Sensor Market: By Application Chapter 7 Global Magnetic Sensor Market: By End User Chapter 8 Global Magnetic Sensor Market: By Region Chapter 9 Key Developments Chapter 10 Company Profiles *The table of contents and prices of this report are as of the time of publication. For the latest information, please contact us.
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Market research reports are informational documents systematically describing market size and trends, based on investigations and analyses of market and technological trends conducted by overseas research publishing companies. In addition to quantitative data such as market trend analysis and future forecasts, they also include details about the strategies of various companies and profiles of entering firms, which our customers utilize as part of their research on overseas markets and new technologies.
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