Lucintel Forecasts the Global Tunnel Magnetoresistance Sensor Market to Reach $8.5 billion by 2030
Lucintel Forecasts the Global Tunnel Magnetoresistance Sensor Market to Reach $8.5 billion 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 $8.5 billion by 2030 from $6.4 billion in 2024, at a CAGR of 4.8% 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 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.
Download sample by clicking on tunnel magnetoresistance sensor market
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.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
Explore Our Latest Publications
Automotive Power Seat Recliner Market
Automotive Rigid Steering Column Market
Automotive Seating Accessory Market
Automotive Stepper Actuator Market
Automotive Torque Rod Bush Market