Lucintel Forecasts the Global Tunnel Magnetoresistance Sensor Market to Reach $622 Million by 2030
Lucintel Forecasts the Global Tunnel Magnetoresistance Sensor Market to Reach $622 Million by 2030
Blog Article
According to a market report by Lucintel, the future of the global tunnel magnetoresistance sensor market looks promising with opportunities in the industrial and consumer electronic markets. The global tunnel magnetoresistance sensor market is expected to reach an estimated $622 million by 2030 from $451 million in 2024 at a CAGR of 5.5% from 2024 to 2030. The major drivers for this market are growing adoption of renewable energy sources, industrial automation, and electric cars, growing emphasis across businesses on energy efficiency and the requirement for precise current measurements, as well as, expenditures made on R&D projects to raise the effectiveness and performance of these sensors.
A more than 150-page report to understand trends, opportunity and forecast in global tunnel magnetoresistance sensor market to 2030 by product type (digital output and analog output), application (industrial, consumer electronic, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the product type category, digital output is expected to witness a higher growth over the forecast period because it gives a binary answer that specifies whether or not the current crosses a particular threshold, and also they are frequently employed to detect on/off states and set off alerts.
In terms of regions, North America is expected to witness the highest growth over the forecast period.
TDK, Murata, Texas Instruments, Coto Technology, NVE, MultiDimension Technology, Crocus, Infineon, Sensitec, Littelfuse are the major suppliers in the tunnel magnetoresistance sensor market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056