Silicon Magnetic Sensors Market — Increase in the Number of Automotive Industries Drive Growth

Silicon magnetic sensors are mostly used for security purposes. These sensors are often regarded as switches or contacts. A magnetic sensor is made up of two pieces that forms a circuit. On separating these two pieces a signal is sent from the device. Usually magnetic sensors are placed on windows, doors or other access point from where they are invisible to others. Owing to the advantages associated with silicon magnetic sensor, it is used extensively in automotive, global positioning system, biomedical, satellite system and nanotechnology.

Increase in the number of automotive industries coupled with growing demand from the automotive industries for security purpose have boosted the growth of silicon magnetic sensor market globally. Silicon magnetic sensor can be used for several other purposes in automotive, such as seed, linear angle and position measurements. In addition, increasing demand of smart mobile devices is also expected to drive the global silicon magnetic sensor market.

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Currently, navigation is very much essential for mobile devices for which silicon magnetic sensor are used extensively. This in turn is accelerating the growth of silicon magnetic sensor market. Moreover, increasing popularity of electronic compasses, high demand from gaming console and enormous use of magnetic sensor in computing peripherals is also expected to drive the demand of silicon magnetic sensor market in recent years.

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Among all the regions analyzed, Asia Pacific region held the largest share in the silicon magnetic sensor market. Supportive government policies, high demand for smart phones, automotives and existence of key industry players are boosting the market of silicon magnetic sensor in this region. North America is also expected to show a stable growth for silicon magnetic sensor market owing to revised government policy and magnetic sensor business expansion in this region.

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