Hall Effect sensors are basically linear type of transducers that mainly follows the principal of analog transducer, and directly returns the voltage. These sensors are often combined with threshold detection and it is commonly known as switch. They are primarily applied to time the speed of shafts & wheels. They are generally used to measure the internal combustion engine explosion timing, anti-lock braking systems and tachometers. Hall Effect sensors have a wide range of applications in several industries for instance consumer electronics, automotive, healthcare, and defense & aerospace. Growth in advancement in the field of automotive & consumer electronics along with increase in application of high-end sensing devices are driving the Hall Effect sensors market globally. Additionally, increase in application of hall-effect sensors for automotive fuel level indicators is another prime factor for fuelling the expansion of the market.
Some of the key advantages of using hall-effect sensors includes strong sensing ability, durable, high quality, highly reliable, can measure zero speed, high speed operation, can work in extensive temperature range and capable of measuring the large currents.
As per analysis, “Global Hall Effect Sensors Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global Hall effect sensors market include Ams, Nippon Ceramic, Allegro MicroSystems, Melexis, Toshiba, Diodes Incorporated, AKM, Micronas, Honeywell and among others.
Based on type, Hall Effect sensors market is segmented as lock key type, switch type and linear type. In addition, based on application, market is segmented as information processing, industrial automation, detection technology and others.
The Hall Effect sensors market is driven by growth in use of fully integrated programmable current sensors, followed by continuous technological advancements, growth in application areas & expansion of end user industries, rise in demand for intelligent hall-effect sensors, growth in government supporting industrial automation & automotive sector, surge in requirement of power management and growth of the industrial sector. Apart from this, inconsistency in the strength of magnetic fields is a major hindering factor for market. Moreover, rise in hall-effect sensor use in electric & hybrid vehicles, growth in research activities in the field of hall-effect sensors and rise in demand for intelligent hall-effect current sensors are leading opportunities for market.
Based on geography, the Asia-Pacific is a leading region in global Hall Effect sensors market owing to growth in technological advancement in the field of magneto-resistive sensors across the region. The North-America and Europe regions are estimated to witness higher growth rate due to increase in proliferation of high-end & advanced consumer electronics such as laptops, computers, smart-phones, and wearable gadgets over the forecast period. Additionally, in the developed economies of Canada and US, there is a high focus on innovations obtained from research & development (R&D) to increase accuracy and therefore is expected to boost the growth of market. It is predicted that future of the global Hall Effect sensors market will be optimistic as a result of growth in advancement in the automotive sector during the forecast period.
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Ankur Gupta, Head Marketing & Communications